Air T Inc (AIRT)

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Air T income rises 36%
Charlotte Business Journal

Air T Inc. reports net income of $3.4 million, or $1.40 per diluted share, for its fiscal year ended March 31.

That's up 36 percent from earnings of nearly $2.5 million, or 94 cents per diluted share, in fiscal 2007.

Revenue increased to $78.4 million from $67.3 million in the same period last year.

The company says it benefited from several orders for deicing services and increased billable labor rates.

Maiden-based Air T (NASDAQ:AIRT) provides overnight air-freight service to the express-delivery industry. It also makes and services aircraft ground-support and special-purpose industrial equipment. Air T is one of the largest small-aircraft cargo operators in the country.