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CONSOLIDATED STATEMENTS OF INCOME (LOSS) - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Revenues:    
Revenue $ 247,323 $ 177,077
Operating Expenses:    
General and administrative 45,384 29,817
Depreciation and amortization 4,162 1,860
Inventory write-down 7,324 768
Impairment of long-lived assets 516 37
Loss on sale of property and equipment 8 5
Operating Expenses 251,730 168,322
Operating (Loss) Income (4,407) 8,755
Non-operating (Expense) Income:    
Interest expense, net (7,935) (4,948)
Gain on forgiveness of PPP 0 8,331
Income from equity method investments 1,460 37
Other (471) 1,221
Non-operating income (expense) (6,946) 4,641
(Loss) Income before income taxes (11,353) 13,396
Income Tax Expense 432 1,169
Net (Loss) Income (11,785) 12,227
Net Income Attributable to Non-controlling Interests (510) (1,299)
Net (Loss) Income Attributable to Air T, Inc. Stockholders $ (12,295) $ 10,928
(Loss) Income per share (Note 23)    
Basic (in dollars per share) $ (4.32) $ 3.79
Diluted (in dollars per share) $ (4.32) $ 3.78
Weighted Average Shares Outstanding:    
Basic (in shares) 2,847,000 2,880,000
Diluted (in shares) 2,847,000 2,888,000
Overnight air cargo:    
Operating Revenues:    
Revenue $ 90,543 $ 74,409
Operating Expenses:    
Cost of Sales 79,720 65,694
Depreciation and amortization 115 58
Operating (Loss) Income 4,047 2,794
Ground equipment sales    
Operating Revenues:    
Revenue 48,485 42,239
Operating Expenses:    
Cost of Sales 39,328 33,538
Depreciation and amortization 164 234
Operating (Loss) Income 3,141 3,220
Commercial jet engines and parts    
Operating Revenues:    
Revenue 101,737 57,689
Operating Expenses:    
Cost of Sales 75,288 36,603
Depreciation and amortization 2,382 965
Operating (Loss) Income (957) 3,619
Corporate and other    
Operating Revenues:    
Revenue 6,558 2,740
Operating Expenses:    
Depreciation and amortization 1,501 603
Operating (Loss) Income $ (10,638) $ (878)