Air T (AIRT) Operating Expenses (2010 - 2025)

Air T has reported Operating Expenses for 16 years, with the latest figure at $74.9 million in Q4 2025.

• For the quarter ending Q4 2025, Operating Expenses fell 2.02% year-over-year to $74.9 million; the trailing twelve-month figure through Dec 2025 stood at $211.0 million (down 4.55% YoY), and the FY2025 full-year result was $289.9 million, up 1.53% from the prior year.
• Operating Expenses for Q4 2025 stood at $74.9 million, up from $65.7 million in the prior quarter.
• The five-year high for Operating Expenses was $78.2 million in Q3 2023, with the low at $37.0 million in Q2 2021.
• Historically, Operating Expenses has averaged $62.9 million across 5 years, with a median of $65.7 million in 2025.
• Annual changes were most pronounced in 2021 — Operating Expenses retreated 17.06% — and 2022, when it surged 42.26%.
• Air T's Operating Expenses stood at $45.4 million in 2021, then jumped by 34.91% to $61.3 million in 2022, then gained by 6.7% to $65.4 million in 2023, then gained by 16.97% to $76.5 million in 2024, then dropped by 2.02% to $74.9 million in 2025.
• The last three Operating Expenses figures came in at $74.9 million (Q4 2025), $65.7 million (Q3 2025), and $70.4 million (Q2 2025), per Business Quant data.