Growth Metrics

Air T (AIRT) Operating Expenses (2016 - 2025)

Air T filings provide 16 years of Operating Expenses readings, the most recent being $74.9 million for Q4 2025.

  • On a quarterly basis, Operating Expenses fell 2.02% to $74.9 million in Q4 2025 year-over-year; TTM through Dec 2025 was $211.0 million, a 4.55% decrease, with the full-year FY2025 number at $289.9 million, up 1.53% from a year prior.
  • Operating Expenses hit $74.9 million in Q4 2025 for Air T, up from $65.7 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $78.2 million in Q3 2023 to a low of $37.0 million in Q2 2021.
  • Median Operating Expenses over the past 5 years was $65.7 million (2025), compared with a mean of $62.9 million.
  • Biggest five-year swings in Operating Expenses: fell 17.06% in 2021 and later skyrocketed 42.26% in 2022.
  • Air T's Operating Expenses stood at $45.4 million in 2021, then soared by 34.91% to $61.3 million in 2022, then rose by 6.7% to $65.4 million in 2023, then rose by 16.97% to $76.5 million in 2024, then fell by 2.02% to $74.9 million in 2025.
  • The last three reported values for Operating Expenses were $74.9 million (Q4 2025), $65.7 million (Q3 2025), and $70.4 million (Q2 2025) per Business Quant data.