Air T EPS up by USD0.07 from previous year's Q3

11 February 2014

Air T, Inc. (NASDAQ: AIRT) said it reported consolidated net earnings of USD455,000 (USD0.19 per diluted share) for fiscal 2014´s third quarter ended December 31, 2013 compared to consolidated net earnings of USD633,000 (USD0.26 per diluted share) for the similar fiscal 2013 period.

Consolidated revenue increased USD3,131,000 (12%) to USD29,835,000 for the quarter ended December 31, 2013 compared to the same quarter in the prior fiscal year. Consolidated operating income decreased USD191,000 (19%) for the quarter ended December 31, 2013 compared to the same quarter in the prior fiscal year. Ground equipment sales revenue increased USD106,000 (1%) this quarter compared to the prior year comparable quarter.

For a more detailed presentation and discussion of the company´s results of operations and financial condition, read the company´s Quarterly Report on Form 10-Q for the quarter ended December 31, 2013 filed with the Securities and Exchange Commission.

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