Air T Gains Nearly 45% in Three Months: What's Driving the Stock?

Air T’s AIRT stock has surged 44.7% over the past three months, outpacing the broader industry (down 5.4%) and beating the sector’s 2.5% decline, while the S&P 500 was up 0.1%. The move follows the company’s August announcement of promising first-quarter fiscal 2027 results. In that quarter, Air T reported higher sales driven by a full quarter of Rex operations and contributions from a new aviation leasing and asset management segment. Results were mixed by segment: overnight air cargo stayed stable, while commercial aircraft, engines and parts fell; ground support equipment was hurt by order timing. Management highlighted Rex’s operational transformation and Crestone’s expansion after the Arena acquisition.