i 0000353184 i 2023 i FY i true i http://fasb.org/us-gaap/2022#OtherAssetsNoncurrent i http://fasb.org/us-gaap/2022#IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest i .0345 i .03 i .03 i http://fasb.org/us-gaap/2022#OtherLiabilitiesNoncurrent00003531842022-04-012023-03-31
0000353184us-gaap:CommonStockMember2022-04-012023-03-31
0000353184airt:AlphaIncomePreferredSecuritiesMember2022-04-012023-03-31
00003531842022-09-30iso4217:USD
00003531842023-05-31xbrli:shares
0000353184airt:OvernightAirCargoSegmentMember2022-04-012023-03-31
0000353184airt:OvernightAirCargoSegmentMember2021-04-012022-03-31
0000353184airt:GroundEquipmentSalesSegmentMember2022-04-012023-03-31
0000353184airt:GroundEquipmentSalesSegmentMember2021-04-012022-03-31
0000353184airt:CommercialJetEnginesInventorySegmentMember2022-04-012023-03-31
0000353184airt:CommercialJetEnginesInventorySegmentMember2021-04-012022-03-31
0000353184us-gaap:CorporateAndOtherMember2022-04-012023-03-31
0000353184us-gaap:CorporateAndOtherMember2021-04-012022-03-31
00003531842021-04-012022-03-31iso4217:USDxbrli:shares
00003531842023-03-31
00003531842022-03-31
00003531842021-03-31
0000353184us-gaap:CommonStockMember2021-03-31
0000353184us-gaap:TreasuryStockCommonMember2021-03-31
0000353184us-gaap:AdditionalPaidInCapitalMember2021-03-31
0000353184us-gaap:RetainedEarningsMember2021-03-31
0000353184us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-03-31
0000353184us-gaap:NoncontrollingInterestMember2021-03-31
0000353184us-gaap:RetainedEarningsMember2021-04-012022-03-31
0000353184us-gaap:NoncontrollingInterestMember2021-04-012022-03-31
0000353184us-gaap:TreasuryStockCommonMember2021-04-012022-03-31
0000353184us-gaap:AdditionalPaidInCapitalMember2021-04-012022-03-31
0000353184us-gaap:AccumulatedOtherComprehensiveIncomeMember2021-04-012022-03-31
0000353184us-gaap:CommonStockMember2022-03-31
0000353184us-gaap:TreasuryStockCommonMember2022-03-31
0000353184us-gaap:AdditionalPaidInCapitalMember2022-03-31
0000353184us-gaap:RetainedEarningsMember2022-03-31
0000353184us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-03-31
0000353184us-gaap:NoncontrollingInterestMember2022-03-31
0000353184us-gaap:RetainedEarningsMember2022-04-012023-03-31
0000353184us-gaap:NoncontrollingInterestMember2022-04-012023-03-31
0000353184us-gaap:TreasuryStockCommonMember2022-04-012023-03-31
0000353184us-gaap:CommonStockMember2022-04-012023-03-31
0000353184us-gaap:AdditionalPaidInCapitalMember2022-04-012023-03-31
0000353184us-gaap:AccumulatedOtherComprehensiveIncomeMember2022-04-012023-03-31
0000353184us-gaap:CommonStockMember2023-03-31
0000353184us-gaap:TreasuryStockCommonMember2023-03-31
0000353184us-gaap:AdditionalPaidInCapitalMember2023-03-31
0000353184us-gaap:RetainedEarningsMember2023-03-31
0000353184us-gaap:AccumulatedOtherComprehensiveIncomeMember2023-03-31
0000353184us-gaap:NoncontrollingInterestMember2023-03-31airt:segment
0000353184airt:CommercialJetEnginesInventorySegmentMember2023-03-31
0000353184us-gaap:CorporateAndOtherMember2023-03-31
0000353184airt:OvernightAirCargoSegmentMember2023-03-31
0000353184us-gaap:ComputerSoftwareIntangibleAssetMember2022-04-012023-03-31
0000353184srt:MinimumMemberus-gaap:SoftwareDevelopmentMember2022-04-012023-03-31
0000353184srt:MaximumMemberus-gaap:SoftwareDevelopmentMember2022-04-012023-03-31
0000353184us-gaap:TradeNamesMember2022-04-012023-03-31
0000353184us-gaap:CertificationMarksMember2022-04-012023-03-31
0000353184us-gaap:NoncompeteAgreementsMember2022-04-012023-03-31
0000353184us-gaap:LicensingAgreementsMember2022-04-012023-03-31
0000353184us-gaap:PatentsMember2022-04-012023-03-31
0000353184us-gaap:CustomerRelationshipsMembersrt:MinimumMember2022-04-012023-03-31
0000353184srt:MaximumMemberus-gaap:CustomerRelationshipsMember2022-04-012023-03-31
0000353184us-gaap:ComputerEquipmentMember2022-04-012023-03-31
0000353184us-gaap:FlightEquipmentMember2022-04-012023-03-31
0000353184airt:DeicersAndOtherEquipmentMember2022-04-012023-03-31
0000353184us-gaap:BuildingMember2022-04-012023-03-31
0000353184airt:AirTFundingMemberairt:TrustPreferredCapitalSecurityMember2019-06-102019-06-10
0000353184airt:AirTFundingMemberus-gaap:WarrantMember2019-06-102019-06-10
0000353184airt:TrustPreferredCapitalSecurityMember2023-03-31
0000353184airt:TrustPreferredCapitalSecurityMemberairt:MarketOfferingAgreementMember2021-05-14
0000353184airt:ThirdPartyMemberairt:ShanwickMember2022-02-28xbrli:pure
0000353184airt:ContrailRNCIMemberus-gaap:FairValueInputsLevel3Member2023-03-31
0000353184airt:ShanwickMember2023-03-31
0000353184airt:WorldwideAviationServicesIncMember2023-01-312023-01-31
0000353184airt:WorldwideAviationServicesIncMember2023-01-31
0000353184airt:WorldwideAviationServicesIncMemberus-gaap:TradeNamesMember2023-01-31
0000353184us-gaap:NoncompeteAgreementsMemberairt:WorldwideAviationServicesIncMember2023-01-31
0000353184us-gaap:CustomerRelationshipsMemberairt:WorldwideAviationServicesIncMember2023-01-31
00003531842023-01-312023-01-31
0000353184airt:WorldwideAviationServicesIncMember2022-04-012023-03-31
0000353184airt:WolfeLakeHQLLCMember2021-12-02utr:sqftairt:lease
0000353184airt:WolfeLakeHQLLCMember2021-12-022021-12-02
0000353184us-gaap:SecuredDebtMemberairt:BridgewaterBankMemberairt:WolfeLakeHQLLCMember2021-12-02
0000353184airt:GdWMemberairt:ShanwickMember2022-02-10
0000353184airt:GdWMember2022-02-112022-06-30
0000353184airt:GdWMember2022-02-102022-02-10
0000353184airt:GdWMember2022-02-10
0000353184airt:GdWMemberairt:ProprietaryDatabaseMember2022-02-10
0000353184us-gaap:CustomerRelationshipsMemberairt:GdWMember2022-02-10
0000353184airt:GdWMember2021-04-012022-03-31
0000353184us-gaap:SalesRevenueNetMemberairt:FedExCorporationMemberus-gaap:CustomerConcentrationRiskMember2022-04-012023-03-31
0000353184us-gaap:SalesRevenueNetMemberairt:FedExCorporationMemberus-gaap:CustomerConcentrationRiskMember2021-04-012022-03-31
0000353184us-gaap:AccountsReceivableMemberairt:FedExCorporationMemberus-gaap:CustomerConcentrationRiskMember2022-04-012023-03-31
0000353184us-gaap:AccountsReceivableMemberairt:FedExCorporationMemberus-gaap:CustomerConcentrationRiskMember2021-04-012022-03-31
0000353184us-gaap:FairValueInputsLevel1Member2023-03-31
0000353184us-gaap:FairValueInputsLevel1Member2022-03-31
0000353184us-gaap:FairValueInputsLevel2Member2023-03-31
0000353184us-gaap:FairValueInputsLevel2Member2022-03-31
0000353184us-gaap:FairValueInputsLevel3Member2023-03-31
0000353184us-gaap:FairValueInputsLevel3Member2022-03-31
0000353184airt:RedeemableNoncontrollingInterestMember2022-03-31
0000353184airt:RedeemableNoncontrollingInterestMember2022-04-012023-03-31
0000353184airt:RedeemableNoncontrollingInterestMember2023-03-31
0000353184airt:OvernightAirCargoSegmentMember2022-03-31
0000353184airt:GroundEquipmentSalesSegmentMember2023-03-31
0000353184airt:GroundEquipmentSalesSegmentMember2022-03-31
0000353184us-gaap:CorporateAndOtherMember2022-03-31
0000353184airt:CommercialJetEnginesInventorySegmentMember2022-03-31airt:engine
0000353184us-gaap:FlightEquipmentMembersrt:MinimumMember2023-03-31
0000353184srt:MaximumMemberus-gaap:FlightEquipmentMember2023-03-31
0000353184us-gaap:FlightEquipmentMember2021-04-012022-03-31
0000353184us-gaap:FlightEquipmentMember2023-03-31
0000353184srt:MinimumMembersrt:OfficeBuildingMember2023-03-31
0000353184srt:MaximumMembersrt:OfficeBuildingMember2023-03-31
0000353184srt:OfficeBuildingMember2022-04-012023-03-31
0000353184srt:OfficeBuildingMember2021-04-012022-03-31
0000353184srt:OfficeBuildingMember2023-03-31
0000353184us-gaap:FurnitureAndFixturesMember2023-03-31
0000353184us-gaap:FurnitureAndFixturesMember2022-03-31
0000353184us-gaap:LeaseholdImprovementsMember2023-03-31
0000353184us-gaap:LeaseholdImprovementsMember2022-03-31
0000353184us-gaap:BuildingMember2023-03-31
0000353184us-gaap:BuildingMember2022-03-31
0000353184us-gaap:ComputerSoftwareIntangibleAssetMember2023-03-31
0000353184us-gaap:ComputerSoftwareIntangibleAssetMember2022-03-31
0000353184us-gaap:SoftwareDevelopmentMember2023-03-31
0000353184us-gaap:SoftwareDevelopmentMember2022-03-31
0000353184us-gaap:LeasesAcquiredInPlaceMember2023-03-31
0000353184us-gaap:LeasesAcquiredInPlaceMember2022-03-31
0000353184us-gaap:CustomerRelationshipsMember2023-03-31
0000353184us-gaap:CustomerRelationshipsMember2022-03-31
0000353184us-gaap:PatentsMember2023-03-31
0000353184us-gaap:PatentsMember2022-03-31
0000353184us-gaap:OtherIntangibleAssetsMember2023-03-31
0000353184us-gaap:OtherIntangibleAssetsMember2022-03-31
0000353184airt:WorldwideAviationServicesIncMemberus-gaap:TradeNamesMember2022-04-012023-03-31
0000353184airt:WorldwideAviationServicesIncMemberus-gaap:TradeNamesMember2023-03-31
0000353184us-gaap:NoncompeteAgreementsMemberairt:WorldwideAviationServicesIncMember2022-04-012023-03-31
0000353184us-gaap:NoncompeteAgreementsMemberairt:WorldwideAviationServicesIncMember2023-03-31
0000353184airt:WorldwideAviationServicesIncMember2022-04-012023-03-31
0000353184airt:WorldwideAviationServicesIncMember2023-03-31
0000353184us-gaap:InterestRateSwapMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMemberairt:TermLoanAMember2023-03-31
0000353184us-gaap:InterestRateSwapMemberairt:TermLoanDMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2023-03-31
0000353184us-gaap:UnsecuredDebtMembersrt:ParentCompanyMemberairt:TermLoanAMember2021-08-31
0000353184airt:ContrailAviationIncMemberus-gaap:UnsecuredDebtMember2022-01-07
00003531842022-01-072022-02-24
0000353184airt:ContrailAviationIncMemberus-gaap:UnsecuredDebtMember2023-03-302023-03-30
0000353184us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Member2023-03-31
0000353184us-gaap:InterestRateSwapMemberus-gaap:FairValueInputsLevel2Member2022-03-31
0000353184us-gaap:InterestRateSwapMember2022-04-012023-03-31
0000353184us-gaap:InterestRateSwapMember2021-04-012022-03-31
0000353184us-gaap:ForeignExchangeContractMember2023-03-31
0000353184us-gaap:ForeignExchangeContractMember2022-03-31
0000353184airt:MarginAccountBorrowingsMember2023-03-31
0000353184airt:InsigniaMember2023-03-31
0000353184airt:InsigniaMember2022-03-31
0000353184airt:InsigniaMember2022-07-012022-09-30
0000353184airt:InsigniaMember2022-07-012022-09-30
0000353184airt:InsigniaMember2022-04-012023-03-31
0000353184airt:InsigniaMember2023-01-012023-03-31
0000353184airt:CadillacCastingsIncMember2023-03-31
0000353184airt:CadillacCastingsIncMember2022-01-012022-12-31
0000353184airt:CadillacCastingsIncMember2021-12-31
0000353184airt:PromissoryNoteCCIMember2023-03-31
0000353184us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2022-01-012022-12-31
0000353184us-gaap:EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember2021-01-012021-12-31
0000353184srt:MinimumMember2023-03-31
0000353184srt:MaximumMember2023-03-31
0000353184us-gaap:RealEstateMember2023-03-31
0000353184airt:JetYardMemberus-gaap:UnsecuredDebtMemberairt:PromissoryNoteCCIMember2022-06-09
0000353184airt:JetYardMemberus-gaap:UnsecuredDebtMemberairt:PromissoryNoteCCIMember2022-06-08
0000353184airt:JetYardMemberairt:AmendedPromissoryNoteMemberus-gaap:UnsecuredDebtMember2022-06-09
0000353184airt:JetYardMemberairt:BelowThresholdMemberairt:AmendedPromissoryNoteMemberus-gaap:UnsecuredDebtMember2022-06-09
0000353184us-gaap:PrimeRateMemberairt:JetYardMemberairt:BelowThresholdMemberairt:AmendedPromissoryNoteMemberus-gaap:UnsecuredDebtMember2022-06-092022-06-09
0000353184airt:JetYardMemberairt:AboveThresholdMemberairt:AmendedPromissoryNoteMemberus-gaap:UnsecuredDebtMember2022-06-09
0000353184us-gaap:PrimeRateMemberairt:JetYardMemberairt:AboveThresholdMemberairt:AmendedPromissoryNoteMemberus-gaap:UnsecuredDebtMember2022-06-092022-06-09
0000353184airt:OverlineNoteMemberus-gaap:UnsecuredDebtMember2022-06-09
0000353184us-gaap:UnsecuredDebtMembersrt:ParentCompanyMemberairt:PromissoryNoteCCIMember2022-12-31
0000353184airt:ContrailAviationIncMemberairt:PeriodOneMemberus-gaap:UnsecuredDebtMember2022-11-08
0000353184airt:ContrailAviationIncMemberus-gaap:UnsecuredDebtMemberairt:PeriodTwoMember2022-11-08
0000353184airt:WorldwideAviationLLCMemberus-gaap:UnsecuredDebtMember2022-01-31
0000353184airt:TermNoteFMBTMemberus-gaap:UnsecuredDebtMember2022-06-09
0000353184airt:TermNoteFMBTMemberus-gaap:PrimeRateMemberus-gaap:UnsecuredDebtMember2022-06-09
0000353184airt:MasterLoanAgreementMember2022-04-012023-03-31
0000353184airt:ContrailAviationIncMemberairt:TermLoanGONBMemberus-gaap:UnsecuredDebtMember2022-04-012023-03-31
0000353184airt:ThirdAmendedAndRestatedCreditAgreementMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2023-03-31
0000353184airt:ThirdAmendedAndRestatedCreditAgreementMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2022-03-31
0000353184us-gaap:PrimeRateMemberairt:ThirdAmendedAndRestatedCreditAgreementMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2022-04-012023-03-31
0000353184airt:OverlineNoteMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2023-03-31
0000353184airt:OverlineNoteMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2022-03-31
0000353184us-gaap:PrimeRateMemberairt:OverlineNoteMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2022-04-012023-03-31
0000353184us-gaap:UnsecuredDebtMembersrt:ParentCompanyMemberairt:TermLoanAMember2023-03-31
0000353184us-gaap:UnsecuredDebtMembersrt:ParentCompanyMemberairt:TermLoanAMember2022-03-31
0000353184us-gaap:UnsecuredDebtMembersrt:ParentCompanyMemberairt:TermLoanBMember2023-03-31
0000353184us-gaap:UnsecuredDebtMembersrt:ParentCompanyMemberairt:TermLoanBMember2022-03-31
0000353184airt:TermLoanDMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2023-03-31
0000353184airt:TermLoanDMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2022-03-31
0000353184airt:A1MonthLIBORMemberairt:TermLoanDMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2022-04-012023-03-31
0000353184airt:TermLoanEMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2023-03-31
0000353184airt:TermLoanEMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2022-03-31
0000353184airt:TermLoanEMemberus-gaap:LondonInterbankOfferedRateLIBORMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2022-04-012023-03-31
0000353184airt:TermNoteFMBTMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2023-03-31
0000353184airt:TermNoteFMBTMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2022-03-31
0000353184airt:TermNoteFMBTMemberus-gaap:PrimeRateMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2023-03-31
0000353184airt:TermNoteFMBTMemberus-gaap:PrimeRateMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2022-04-012023-03-31
0000353184us-gaap:UnsecuredDebtMembersrt:ParentCompanyMemberairt:PromissoryNoteCCIMember2023-03-31
0000353184us-gaap:UnsecuredDebtMembersrt:ParentCompanyMemberairt:PromissoryNoteCCIMember2022-03-31
0000353184airt:TrustPreferredSecuritiesMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2023-03-31
0000353184airt:TrustPreferredSecuritiesMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2022-03-31
0000353184us-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2023-03-31
0000353184us-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2022-03-31
0000353184airt:AirCo1Memberairt:TermLoanPSBMemberus-gaap:UnsecuredDebtMember2023-03-31
0000353184airt:AirCo1Memberairt:TermLoanPSBMemberus-gaap:UnsecuredDebtMember2022-03-31
0000353184airt:AirCo1Memberus-gaap:UnsecuredDebtMember2023-03-31
0000353184airt:AirCo1Memberus-gaap:UnsecuredDebtMember2022-03-31
0000353184airt:JetYardMemberus-gaap:UnsecuredDebtMemberairt:PromissoryNoteMember2023-03-31
0000353184airt:JetYardMemberus-gaap:UnsecuredDebtMemberairt:PromissoryNoteMember2022-03-31
0000353184airt:JetYardMemberus-gaap:UnsecuredDebtMember2023-03-31
0000353184airt:JetYardMemberus-gaap:UnsecuredDebtMember2022-03-31
0000353184airt:ContrailAviationIncMemberairt:RevolverONBMemberus-gaap:UnsecuredDebtMember2023-03-31
0000353184airt:ContrailAviationIncMemberairt:RevolverONBMemberus-gaap:UnsecuredDebtMember2022-03-31
0000353184airt:ContrailAviationIncMemberairt:TermLoanGONBMemberus-gaap:UnsecuredDebtMember2023-03-31
0000353184airt:ContrailAviationIncMemberairt:TermLoanGONBMemberus-gaap:UnsecuredDebtMember2022-03-31
0000353184airt:ContrailAviationIncMemberus-gaap:UnsecuredDebtMemberairt:TermLoanHONBMember2023-03-31
0000353184airt:ContrailAviationIncMemberus-gaap:UnsecuredDebtMemberairt:TermLoanHONBMember2022-03-31
0000353184us-gaap:PrimeRateMemberairt:ContrailAviationIncMemberus-gaap:UnsecuredDebtMemberairt:TermLoanHONBMember2022-04-012023-03-31
0000353184airt:ContrailAviationIncMemberus-gaap:UnsecuredDebtMember2023-03-31
0000353184airt:ContrailAviationIncMemberus-gaap:UnsecuredDebtMember2022-03-31
0000353184us-gaap:NotesPayableToBanksMemberairt:DelphaxSolutionsDebtMemberairt:CanadianEmergencyBusinessAccountLoanMember2023-03-31
0000353184us-gaap:NotesPayableToBanksMemberairt:DelphaxSolutionsDebtMemberairt:CanadianEmergencyBusinessAccountLoanMember2022-03-31
0000353184us-gaap:NotesPayableToBanksMemberairt:DelphaxSolutionsDebtMember2023-03-31
0000353184us-gaap:NotesPayableToBanksMemberairt:DelphaxSolutionsDebtMember2022-03-31
0000353184airt:WolfeLakeDebtMemberus-gaap:NotesPayableToBanksMemberairt:BridgewaterBankMember2023-03-31
0000353184airt:WolfeLakeDebtMemberus-gaap:NotesPayableToBanksMemberairt:BridgewaterBankMember2022-03-31
0000353184airt:WolfeLakeDebtMemberus-gaap:NotesPayableToBanksMember2023-03-31
0000353184airt:WolfeLakeDebtMemberus-gaap:NotesPayableToBanksMember2022-03-31
0000353184us-gaap:NotesPayableToBanksMemberairt:BridgewaterBankMemberairt:AirTAcquisition221LLCMember2023-03-31
0000353184us-gaap:NotesPayableToBanksMemberairt:BridgewaterBankMemberairt:AirTAcquisition221LLCMember2022-03-31
0000353184airt:TermLoanAINGMemberus-gaap:NotesPayableToBanksMemberairt:AirTAcquisition221LLCMember2023-03-31
0000353184airt:TermLoanAINGMemberus-gaap:NotesPayableToBanksMemberairt:AirTAcquisition221LLCMember2022-03-31
0000353184us-gaap:NotesPayableToBanksMemberairt:TermLoanBINGMemberairt:AirTAcquisition221LLCMember2023-03-31
0000353184us-gaap:NotesPayableToBanksMemberairt:TermLoanBINGMemberairt:AirTAcquisition221LLCMember2022-03-31
0000353184us-gaap:NotesPayableToBanksMemberairt:AirTAcquisition221LLCMember2023-03-31
0000353184us-gaap:NotesPayableToBanksMemberairt:AirTAcquisition221LLCMember2022-03-31
0000353184us-gaap:NotesPayableToBanksMemberairt:WorldwideAviationServicesIncMemberairt:PromissoryNoteWorldwideAviationLLCMember2023-03-31
0000353184us-gaap:NotesPayableToBanksMemberairt:WorldwideAviationServicesIncMemberairt:PromissoryNoteWorldwideAviationLLCMember2022-03-31
0000353184us-gaap:NotesPayableToBanksMemberairt:WorldwideAviationServicesIncMember2023-03-31
0000353184us-gaap:NotesPayableToBanksMemberairt:WorldwideAviationServicesIncMember2022-03-31
0000353184us-gaap:UnsecuredDebtMember2023-03-31
0000353184airt:ContrailAviationIncMemberairt:RevolverONBMemberus-gaap:UnsecuredDebtMember2022-04-012023-03-31
0000353184airt:AirCo1Memberairt:TermLoanPSBMemberus-gaap:UnsecuredDebtMember2022-04-012023-03-31
0000353184airt:OverlineNoteMemberus-gaap:UnsecuredDebtMembersrt:ParentCompanyMember2023-01-012023-03-31
0000353184airt:A3MonthLIBORMemberairt:AirCo1Memberairt:TermLoanPSBMemberus-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMember2023-05-262023-05-26
0000353184airt:ContrailAviationIncMemberairt:A1MonthLIBORMemberairt:RevolverONBMemberus-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMember2023-05-262023-05-26
0000353184airt:ContrailAviationIncMemberairt:A1MonthLIBORMemberairt:TermLoanGONBMemberus-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMember2023-05-26
0000353184airt:ContrailAviationIncMemberairt:A1MonthLIBORMemberairt:TermLoanGONBMemberus-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMember2023-05-262023-05-26
0000353184airt:ContrailAviationSupportLLCMemberairt:ContrailAviationSupportIncMember2023-03-31
0000353184airt:ContrailAviationSupportLLCMemberairt:ContrailAviationSupportIncMember2022-04-012023-03-31
0000353184airt:ChiefInvestmentOfficerMember2022-04-012023-03-31
0000353184srt:ChiefExecutiveOfficerMemberairt:CadillacCastingsIncMember2023-03-31
0000353184us-gaap:AssetPledgedAsCollateralWithRightMemberairt:TrustPreferredCapitalSecurityMemberairt:AirTAcquisition221Member2023-03-31
0000353184us-gaap:AssetPledgedAsCollateralWithRightMemberairt:TrustPreferredCapitalSecurityMemberairt:AirTAcquisition221Member2022-04-012023-03-31
0000353184airt:ThomasFundsAmericasLLCMember2022-04-012023-03-31
0000353184airt:EmployeeAndNonemployeeDirectorOptionsMember2022-04-012023-03-31
0000353184airt:EmployeeAndNonemployeeDirectorOptionsMember2021-04-012022-03-31
0000353184airt:EmployeeAndNonemployeeDirectorOptionsMember2023-03-31
0000353184airt:AirTs2012StockOptionPlanMember2022-04-012023-03-31
00003531842020-04-012021-03-31
0000353184airt:A2020OmnibusStockAndIncentivePlanMember2020-12-29
0000353184airt:A2020OmnibusStockAndIncentivePlanMember2023-03-31
0000353184airt:A2020OmnibusStockAndIncentivePlanMember2022-06-30
0000353184airt:A2020OmnibusStockAndIncentivePlanMember2022-04-012023-03-31
0000353184airt:A2020OmnibusStockAndIncentivePlanMember2021-04-012022-03-31
0000353184airt:OvernightAirCargoSegmentMemberus-gaap:ProductMember2022-04-012023-03-31
0000353184airt:OvernightAirCargoSegmentMemberus-gaap:ProductMember2021-04-012022-03-31
0000353184airt:GroundEquipmentSalesSegmentMemberus-gaap:ProductMember2022-04-012023-03-31
0000353184airt:GroundEquipmentSalesSegmentMemberus-gaap:ProductMember2021-04-012022-03-31
0000353184airt:CommercialJetEnginesInventorySegmentMemberus-gaap:ProductMember2022-04-012023-03-31
0000353184airt:CommercialJetEnginesInventorySegmentMemberus-gaap:ProductMember2021-04-012022-03-31
0000353184us-gaap:CorporateAndOtherMemberus-gaap:ProductMember2022-04-012023-03-31
0000353184us-gaap:CorporateAndOtherMemberus-gaap:ProductMember2021-04-012022-03-31
0000353184us-gaap:ServiceMemberairt:OvernightAirCargoSegmentMember2022-04-012023-03-31
0000353184us-gaap:ServiceMemberairt:OvernightAirCargoSegmentMember2021-04-012022-03-31
0000353184us-gaap:ServiceMemberairt:GroundEquipmentSalesSegmentMember2022-04-012023-03-31
0000353184us-gaap:ServiceMemberairt:GroundEquipmentSalesSegmentMember2021-04-012022-03-31
0000353184airt:CommercialJetEnginesInventorySegmentMemberus-gaap:ServiceMember2022-04-012023-03-31
0000353184airt:CommercialJetEnginesInventorySegmentMemberus-gaap:ServiceMember2021-04-012022-03-31
0000353184us-gaap:ServiceMemberus-gaap:CorporateAndOtherMember2022-04-012023-03-31
0000353184us-gaap:ServiceMemberus-gaap:CorporateAndOtherMember2021-04-012022-03-31
0000353184airt:LeasedAssetsMemberairt:OvernightAirCargoSegmentMember2022-04-012023-03-31
0000353184airt:LeasedAssetsMemberairt:OvernightAirCargoSegmentMember2021-04-012022-03-31
0000353184airt:LeasedAssetsMemberairt:GroundEquipmentSalesSegmentMember2022-04-012023-03-31
0000353184airt:LeasedAssetsMemberairt:GroundEquipmentSalesSegmentMember2021-04-012022-03-31
0000353184airt:CommercialJetEnginesInventorySegmentMemberairt:LeasedAssetsMember2022-04-012023-03-31
0000353184airt:CommercialJetEnginesInventorySegmentMemberairt:LeasedAssetsMember2021-04-012022-03-31
0000353184airt:LeasedAssetsMemberus-gaap:CorporateAndOtherMember2022-04-012023-03-31
0000353184airt:LeasedAssetsMemberus-gaap:CorporateAndOtherMember2021-04-012022-03-31
0000353184us-gaap:ProductAndServiceOtherMemberairt:OvernightAirCargoSegmentMember2022-04-012023-03-31
0000353184us-gaap:ProductAndServiceOtherMemberairt:OvernightAirCargoSegmentMember2021-04-012022-03-31
0000353184us-gaap:ProductAndServiceOtherMemberairt:GroundEquipmentSalesSegmentMember2022-04-012023-03-31
0000353184us-gaap:ProductAndServiceOtherMemberairt:GroundEquipmentSalesSegmentMember2021-04-012022-03-31
0000353184airt:CommercialJetEnginesInventorySegmentMemberus-gaap:ProductAndServiceOtherMember2022-04-012023-03-31
0000353184airt:CommercialJetEnginesInventorySegmentMemberus-gaap:ProductAndServiceOtherMember2021-04-012022-03-31
0000353184us-gaap:ProductAndServiceOtherMemberus-gaap:CorporateAndOtherMember2022-04-012023-03-31
0000353184us-gaap:ProductAndServiceOtherMemberus-gaap:CorporateAndOtherMember2021-04-012022-03-31
0000353184us-gaap:DomesticCountryMember2023-03-31
0000353184us-gaap:StateAndLocalJurisdictionMember2023-03-31
0000353184airt:DelphaxSolutionsMember2022-04-012023-03-31
0000353184airt:DelphaxMember2022-04-012023-03-31
0000353184airt:DelphaxTechnologiesMember2021-04-012022-03-31
0000353184airt:DelphaxMember2021-04-012022-03-31
0000353184airt:DelphaxMember2015-11-24
0000353184us-gaap:ForeignCountryMemberairt:DelphaxMember2023-03-31
0000353184us-gaap:DomesticCountryMemberairt:DelphaxMember2023-03-31
0000353184airt:DelphaxMemberus-gaap:StateAndLocalJurisdictionMember2023-03-31
0000353184us-gaap:ForeignCountryMemberairt:DelphaxMemberus-gaap:ResearchMember2023-03-31
0000353184us-gaap:ForeignCountryMemberairt:DelphaxMemberus-gaap:ResearchMember2022-03-31
00003531842022-04-012022-06-30
00003531842022-07-012022-09-30
00003531842022-10-012022-12-31
00003531842023-01-012023-03-31
00003531842021-04-012021-06-30
00003531842021-07-012021-09-30
00003531842021-10-012021-12-31
00003531842022-01-012022-03-31
0000353184country:US2023-03-31
0000353184country:US2022-03-31
0000353184us-gaap:NonUsMember2023-03-31
0000353184us-gaap:NonUsMember2022-03-31
0000353184currency:MOP2023-03-31
0000353184currency:MOP2022-03-31
0000353184airt:OtherCountriesMember2023-03-31
0000353184airt:OtherCountriesMember2022-03-31
0000353184country:US2022-04-012023-03-31
0000353184country:US2021-04-012022-03-31
0000353184us-gaap:NonUsMember2022-04-012023-03-31
0000353184us-gaap:NonUsMember2021-04-012022-03-31
0000353184airt:DomesticMemberairt:OvernightAirCargoSegmentMember2022-04-012023-03-31
0000353184airt:DomesticMemberairt:OvernightAirCargoSegmentMember2021-04-012022-03-31
0000353184airt:InternationalMemberairt:OvernightAirCargoSegmentMember2022-04-012023-03-31
0000353184airt:InternationalMemberairt:OvernightAirCargoSegmentMember2021-04-012022-03-31
0000353184airt:DomesticMemberairt:GroundEquipmentSalesSegmentMember2022-04-012023-03-31
0000353184airt:DomesticMemberairt:GroundEquipmentSalesSegmentMember2021-04-012022-03-31
0000353184airt:InternationalMemberairt:GroundEquipmentSalesSegmentMember2022-04-012023-03-31
0000353184airt:InternationalMemberairt:GroundEquipmentSalesSegmentMember2021-04-012022-03-31
0000353184airt:CommercialJetEnginesInventorySegmentMemberairt:DomesticMember2022-04-012023-03-31
0000353184airt:CommercialJetEnginesInventorySegmentMemberairt:DomesticMember2021-04-012022-03-31
0000353184airt:CommercialJetEnginesInventorySegmentMemberairt:InternationalMember2022-04-012023-03-31
0000353184airt:CommercialJetEnginesInventorySegmentMemberairt:InternationalMember2021-04-012022-03-31
0000353184airt:DomesticMemberus-gaap:CorporateAndOtherMember2022-04-012023-03-31
0000353184airt:DomesticMemberus-gaap:CorporateAndOtherMember2021-04-012022-03-31
0000353184airt:InternationalMemberus-gaap:CorporateAndOtherMember2022-04-012023-03-31
0000353184airt:InternationalMemberus-gaap:CorporateAndOtherMember2021-04-012022-03-31
00003531842021-05-05airt:interest
0000353184airt:ContrailAssetManagementLLCMember2021-05-05
0000353184airt:ContrailAssetManagementLLCMember2021-05-052021-05-05
0000353184airt:ContrailAssetManagementLLCMemberairt:CapitalCommitmentsMemberairt:ContrailJVIILLCMember2023-03-31
0000353184airt:CapitalCommitmentsMemberairt:ContrailJVIILLCMember2023-03-31
0000353184airt:CapitalCommitmentsMemberairt:MillRoadCapitalMemberairt:ContrailJVIILLCMember2023-03-31
0000353184airt:OffshoreSeriesMember2022-04-012023-03-31
0000353184airt:OnshoreSeriesMember2022-04-012023-03-31
0000353184airt:ContrailAssetManagementLLCMember2023-03-31airt:anniversaryairt:installment
0000353184airt:ShanwickMember2022-03-31
0000353184airt:ShanwickMember2022-04-012023-03-31
00003531842014-05-14
00003531842019-06-10
0000353184airt:ContrailAviationIncMemberairt:TermLoanGONBMemberus-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMember2023-05-26
0000353184airt:ContrailAviationIncMemberairt:RevolverONBMemberus-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMember2023-05-26
0000353184airt:AirCo1Memberairt:TermLoanPSBMemberus-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMember2023-05-26
0000353184airt:ThirdAmendedAndRestatedCreditAgreementMemberus-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMember2023-06-23
0000353184srt:ScenarioForecastMemberairt:ThirdAmendedAndRestatedCreditAgreementMemberus-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMember2023-12-01
0000353184us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembersrt:MinimumMemberairt:ThirdAmendedAndRestatedCreditAgreementMemberus-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMember2023-06-232023-06-23
0000353184us-gaap:SecuredOvernightFinancingRateSofrOvernightIndexSwapRateMembersrt:MaximumMemberairt:ThirdAmendedAndRestatedCreditAgreementMemberus-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMember2023-06-232023-06-23
0000353184srt:MinimumMemberairt:ThirdAmendedAndRestatedCreditAgreementMemberus-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMember2023-06-232023-06-23
0000353184srt:MaximumMemberairt:ThirdAmendedAndRestatedCreditAgreementMemberus-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMember2023-06-232023-06-23
0000353184us-gaap:OtherInvestmentsMemberairt:ThirdAmendedAndRestatedCreditAgreementMemberus-gaap:UnsecuredDebtMemberus-gaap:SubsequentEventMember2023-06-23