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QUARTERLY FINANCIAL INFORMATION (UNAUDITED) (Tables) | 12 Months Ended
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Mar. 31, 2023
Quarterly Financial Data [Abstract] |
Summary of Quarterly Financial Information | (in thousands, except per share data)
| First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
2023 |  |  |  |  |  |  |
Operating Revenues | $ | 50,862 |  |  | $ | 60,688 |  |  | $ | 61,396 |  |  | $ | 74,377 |
Operating (Loss) Income, net of tax | (802) |  |  | (1,336) |  |  | 108 |  |  | (9,755) |
Less: (Income) Loss attributable to non-controlling interests | (631) |  |  | 104 |  |  | (698) |  |  | 715 |
Loss attributable to Air T, Inc. Stockholders | (1,433) |  |  | (1,232) |  |  | (590) |  |  | (9,040) |
Basic Loss per share | $ | (0.50) |  |  | $ | (0.43) |  |  | $ | (0.21) |  |  | $ | (3.15) |
Diluted Loss per share | $ | (0.50) |  |  | $ | (0.43) |  |  | $ | (0.21) |  |  | $ | (3.15) |
Antidilutive shares excluded from computation of income (loss) per share | 7 |  |  | 4 |  |  | 5 |  |  | 5 |
2022 |  |  |  |  |  |  |
Operating Revenues | 36,968 |  |  | 43,238 |  |  | 45,433 |  |  | 51,438 |
Operating Income (Loss), net of tax | 327 |  |  | 8,003 |  |  | (1,189) |  |  | 5,086 |
Less: Income attributable to non-controlling interests | (38) |  |  | (448) |  |  | (73) |  |  | (740) |
Income (Loss) attributable to Air T, Inc. Stockholders | 289 |  |  | 7,555 |  |  | (1,262) |  |  | 4,346 |
Basic Income (Loss) per share | $ | 0.10 |  |  | $ | 2.62 |  |  | $ | (0.44) |  |  | $ | 1.51 |
Diluted Income (Loss) per share | $ | 0.10 |  |  | $ | 2.60 |  |  | $ | (0.44) |  |  | $ | 1.51 |
Antidilutive shares excluded from computation of income (loss) per share | — |  |  | — |  |  | 11 |  |  | — |

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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=126900988&loc=d3e1280-108306 + Details
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