Air T Inc (AIRT)

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Air T Inc. reports earnings of $847,000, or 35 cents per diluted share, for its second fiscal quarter ended Sept. 30. That’s down from earnings of $1.32 million, or 55 cents per diluted share, a year earlier.

Revenue in the latest quarter fell 16 percent to $20.1 million.

The Maiden-based company (NASDAQ:AIRT) provides overnight air-freight service to the express-delivery industry. It also makes and services ground-support equipment for aircraft and special-purpose industrial equipment.

Air T says its revenue dropped because of lower ground-equipment sales and a decrease in air-cargo services.