Air T (AIRT) Operating Expenses (2010 - 2026)

Air T's (AIRT) quarterly Operating Expenses came in at $134.7 million in Q1 2026, up 79.83% on a QoQ basis from $74.9 million in Q4 2025.

Air T (AIRT) Operating Expenses (2010 - 2026) Analysis & Trends

Air T (AIRT) has 17 years of Operating Expenses data on file, last reported at $134.7 million in Q1 2026.

Quarterly Operating Expenses changed N/A year-over-year to $134.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $345.7 million (down 5.45% YoY) and the FY2026 annual result came in at $345.3 million, up 19.1% from the prior year.
Operating Expenses grew to $134.7 million in Q1 2026, from $74.9 million in the prior quarter.
In the past five years, Operating Expenses ranged from a high of $221.0 million in Q4 2024 to a low of $50.0 million in Q2 2022.
A 5-year average of $104.4 million and a median of $74.9 million in 2025 frame the typical range for Operating Expenses.
Annual changes were most pronounced in 2022 — Operating Expenses surged 42.26% — and 2025, when it tumbled 66.11%.
Tracing AIRT's Operating Expenses over 5 years: stood at $171.8 million in 2022, then increased by 24.76% to $214.3 million in 2023, then advanced by 3.13% to $221.0 million in 2024, then plunged by 66.11% to $74.9 million in 2025, then jumped by 79.83% to $134.7 million in 2026.
The last three Operating Expenses figures came in at $134.7 million (Q1 2026), $74.9 million (Q4 2025), and $65.7 million (Q3 2025), per Business Quant data.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Opex (Qtr)
1	3M	92.96 Bn	89.63 Bn	2.68 Bn	5.52 Bn
2	Honeywell International	68.49 Bn	59.29 Bn	3.65 Bn	1.87 Bn
3	Valmont Industries	9.42 Bn	9.28 Bn	340.82 Mn	174.71 Mn
4	Brookfield Business	5.92 Bn	1.16 Bn	1.27 Bn	289.00 Mn
5	Pampa Energy	4.32 Bn	4.31 Bn	372,128.00	-67.96 Bn
6	Seaboard	4.08 Bn	2.87 Bn	221.00 Mn	121.00 Mn
7	Otter Tail	3.82 Bn	3.47 Bn	216.33 Mn	358.59 Mn
8	Deluxe	1.08 Bn	1.05 Bn	259.60 Mn	203.90 Mn
9	Tetra Technologies	1.00 Bn	845.50 Mn	45.71 Mn	139.94 Mn
10	Air T	77.51 Mn	55.86 Mn	70.16 Mn	128.29 Mn

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