XML 86 R75.htm IDEA: XBRL DOCUMENT
v3.25.2

Commitments and Contingencies - Narrative (Details) |  |  | 3 Months Ended |  |  |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
May 30, 2024 USD ($) | Dec. 29, 2020 date shares | Jun. 30, 2025 USD ($) anniversary installment shares | Jun. 30, 2024 USD ($) shares | Aug. 26, 2024 | Jun. 30, 2023 shares | Jun. 30, 2022 shares | Feb. 28, 2022 Rate | May 05, 2021
Long-termCommitment |  |  |  |  |  |  |  |  |
Other |  |  | $ 678,000 | $ 683,000 |  |  |  |  |
Put option issued to co-investor in CAM |  |  | $ 1,000,000.0 |  |  |  |  |  |
Number of anniversary has fixed price put option | anniversary |  |  | 3 |  |  |  |  |  |
Number of years after execution of agreement (in years) |  |  | 5 years |  |  |  |  |  |
Number of installments after exercise | installment |  |  | 3 |  |  |  |  |  |
2020 Omnibus Stock and Incentive Plan |  |  |  |  |  |  |  |  |
Long-termCommitment |  |  |  |  |  |  |  |  |
Shares authorized under the plan (in shares) | shares |  | 420,000 |  |  |  |  |  |  |
Number of shares granted ( in shares) | shares |  |  | 348,000 |  |  |  |  |  |
Awards vesting period (in years) |  |  | 10 years |  |  |  |  |  |
Number of vesting dates | date |  | 4 |  |  |  |  |  |  |
Awards expiration period (in years) |  |  | 10 years |  |  |  |  |  |
Shares satisfied the service condition (in shares) | shares |  |  | 21,000 | 8,000 |  | 128,000 | 128,000 |  |
Expense reversal |  |  | $ 0 |  |  |  |  |  |
Total compensation cost recognized |  |  | $ 40,000.0 |  |  |  |  |  |
Unvested (in shares) | shares |  |  | 199,000 |  |  |  |  |  |
Onshore Series |  |  |  |  |  |  |  |  |
Long-termCommitment |  |  |  |  |  |  |  |  |
Payments for capital commitments |  |  | $ 19,100,000 |  |  |  |  |  |
Offshore Series |  |  |  |  |  |  |  |  |
Long-termCommitment |  |  |  |  |  |  |  |  |
Payments for capital commitments |  |  | 1,000,000.0 |  |  |  |  |  |
CJVII | Capital Commitments |  |  |  |  |  |  |  |  |
Long-termCommitment |  |  |  |  |  |  |  |  |
Other commitments |  |  | $ 7,000,000.0 |  |  |  |  |  |
Other commitment, premium rate above fair market value |  |  | 112.50% |  |  |  |  |  |
Crestone Asset Management LLC | CJVII | Capital Commitments |  |  |  |  |  |  |  |  |
Long-termCommitment |  |  |  |  |  |  |  |  |
Other commitments |  |  | $ 51,000,000.0 |  |  |  |  |  |
MRC | CJVII | Capital Commitments |  |  |  |  |  |  |  |  |
Long-termCommitment |  |  |  |  |  |  |  |  |
Other commitments |  |  | 44,000,000.0 |  |  |  |  |  |
Contrail |  |  |  |  |  |  |  |  |
Long-termCommitment |  |  |  |  |  |  |  |  |
Ownership percentage | 21.00% |  |  |  | 95.00% |  |  |  | 90.00%
Adjusted earnings before income and tax, deduction amount | $ 7,000,000 |  |  |  |  |  |  |  |
Minority interest, ownership |  |  |  |  |  |  |  |  | 10.00%
Contrail | Fair Value, Inputs, Level 3 |  |  |  |  |  |  |  |  |
Long-termCommitment |  |  |  |  |  |  |  |  |
Fair value of redeemable non-controlling interest |  |  | 1,100,000 |  |  |  |  |  |
Other |  |  | $ (400,000) |  |  |  |  |  |
Shanwick RNCI | Third Party |  |  |  |  |  |  |  |  |
Long-termCommitment |  |  |  |  |  |  |  |  |
Minority interest, ownership |  |  |  |  |  |  |  | 30.00% |
Call option multiple | Rate |  |  |  |  |  |  |  | 8 |
Option potential exercise multiple |  |  |  |  |  |  |  | 7.5 |
OCAS, Inc, | Contrail |  |  |  |  |  |  |  |  |
Long-termCommitment |  |  |  |  |  |  |  |  |
Ownership interest sold | 16.00% |  |  |  |  |  |  |  |
Purchase price of redeemed interest | $ 4,600,000 |  |  |  |  |  |  |  |
Earnout Payable | $ 1,100,000 |  |  |  |  |  |  |  |
Line of credit facility, selling interest annual earnout payment | 9.14% |  |  |  |  |  |  |  |
Remaining interest | 5.00% |  |  |  |  |  |  |  |
Equity interest multiple | 9 |  |  |  |  |  |  |  |
Quarterly installment period | 3 years |  |  |  |  |  |  |  |
Bond yield period | 10 years |  |  |  |  |  |  |  |
Treasury bond yield, additional annual percentage |  |  | 2.50% |  |  |  |  |  |

X
- Definition Commitments and Contingencies, Bond Yield Period + References No definition available. + Details
Name: | airt_CommitmentsAndContingenciesBondYieldPeriod
Namespace Prefix: | airt_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Commitments and Contingencies, Equity Interest Multiple + References No definition available. + Details
Name: | airt_CommitmentsAndContingenciesEquityInterestMultiple
Namespace Prefix: | airt_
Data Type: | xbrli:pureItemType
Balance Type: | na
Period Type: | duration

X
- Definition Commitments and Contingencies, Quarterly Installment Period + References No definition available. + Details
Name: | airt_CommitmentsAndContingenciesQuarterlyInstallmentPeriod
Namespace Prefix: | airt_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Commitments and Contingencies, Remaining Equity Interest, Percent + References No definition available. + Details
Name: | airt_CommitmentsAndContingenciesRemainingEquityInterestPercent
Namespace Prefix: | airt_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number Of Dates + References No definition available. + Details
Name: | airt_NumberOfDates
Namespace Prefix: | airt_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number Of Installments After Exercise + References No definition available. + Details
Name: | airt_NumberOfInstallmentsAfterExercise
Namespace Prefix: | airt_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number Of Years After Execution Of Agreement + References No definition available. + Details
Name: | airt_NumberOfYearsAfterExecutionOfAgreement
Namespace Prefix: | airt_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Option Potential Exercise Multiple + References No definition available. + Details
Name: | airt_OptionPotentialExerciseMultiple
Namespace Prefix: | airt_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition Other Commitment, Premium Rate Above Fair Market Value + References No definition available. + Details
Name: | airt_OtherCommitmentPremiumRateAboveFairMarketValue
Namespace Prefix: | airt_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Payments for Capital Commitments + References No definition available. + Details
Name: | airt_PaymentsForCapitalCommitments
Namespace Prefix: | airt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Redemption Agreement, Adjusted Earnings Before Income and Tax, Deduction Amount + References No definition available. + Details
Name: | airt_RedemptionAgreementAdjustedEarningsBeforeIncomeAndTaxDeductionAmount
Namespace Prefix: | airt_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Redemption Agreement, Annual Earnout Payment, Percentage + References No definition available. + Details
Name: | airt_RedemptionAgreementAnnualEarnoutPaymentPercentage
Namespace Prefix: | airt_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Redemption Agreement, Earnout Payable + References No definition available. + Details
Name: | airt_RedemptionAgreementEarnoutPayable
Namespace Prefix: | airt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Dates + References No definition available. + Details
Name: | airt_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingDates
Namespace Prefix: | airt_
Data Type: | xbrli:integerItemType
Balance Type: | na
Period Type: | duration

X
- Definition Share-Based Payment Arrangement, Expense Reversal + References No definition available. + Details
Name: | airt_ShareBasedPaymentArrangementExpenseReversal
Namespace Prefix: | airt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Shareholder Agreement, Call Option, Multiple + References No definition available. + Details
Name: | airt_ShareholderAgreementCallOptionMultiple
Namespace Prefix: | airt_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition Subsidiary, Ownership Interest Sold, Amount + References No definition available. + Details
Name: | airt_SubsidiaryOwnershipInterestSoldAmount
Namespace Prefix: | airt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Subsidiary, Ownership Percentage, Sold + References No definition available. + Details
Name: | airt_SubsidiaryOwnershipPercentageSold
Namespace Prefix: | airt_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Treasury Bond Yield, Plus, Percentage + References No definition available. + Details
Name: | airt_TreasuryBondYieldPlusPercentage
Namespace Prefix: | airt_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount of expense for award under share-based payment arrangement. Excludes amount capitalized. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section S45 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479983/718-10-S45-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479830/718-10-S99-1 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(1)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_AllocatedShareBasedCompensationExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset, expected to be settled after one year or the normal operating cycle, if longer. Includes assets not subject to a master netting arrangement and not elected to be offset. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 210 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483444/210-20-55-10 + Details
Name: | us-gaap_DerivativeLiabilitiesNoncurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_LongTermPurchaseCommitmentLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The equity interest of noncontrolling shareholders, partners or other equity holders in consolidated entity. + References No definition available. + Details
Name: | us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition The parent entity's interest in net assets of the subsidiary, expressed as a percentage. + References No definition available. + Details
Name: | us-gaap_MinorityInterestOwnershipPercentageByParent
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:percentItemType
Balance Type: | na
Period Type: | instant

X
- Definition Minimum amount of other commitment not otherwise specified in the taxonomy. Excludes commitments explicitly modeled in the taxonomy, including but not limited to, long-term and short-term purchase commitments, recorded and unrecorded purchase obligations, supply commitments, registration payment arrangements, leases, debt, product warranties, guarantees, environmental remediation obligations, and pensions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 + Details
Name: | us-gaap_OtherCommitment
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Amount of income (expense) related to nonoperating activities, classified as other. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 + Details
Name: | us-gaap_OtherNonoperatingIncomeExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate fair value as of the reporting date of all noncontrolling interests which are redeemable by the (parent) entity (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the (parent) entity. This item includes noncontrolling interest holder's ownership (or holders' ownership) regardless of the type of equity interest (common, preferred, other) including all potential organizational (legal) forms of the investee entity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 480 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479857/480-10-S50-3 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 480 -SubTopic 10 -Name Accounting Standards Codification -Section S45 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479887/480-10-S45-3 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 480 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3A -Subparagraph (24) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480244/480-10-S99-3A + Details
Name: | us-gaap_RedeemableNoncontrollingInterestEquityFairValue
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Period over which grantee's right to exercise award under share-based payment arrangement is no longer contingent on satisfaction of service or performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Includes, but is not limited to, combination of market, performance or service condition. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(2)(iii)(03) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of shares authorized for issuance under share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Definition Period from grant date that an equity-based award expires, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Number of non-vested options outstanding. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-4 + Details
Name: | us-gaap_SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | instant

X
- Details
Name: | us-gaap_PlanNameAxis=airt_A2020OmnibusStockAndIncentivePlanMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_OtherCommitmentsAxis=airt_OnshoreSeriesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_OtherCommitmentsAxis=airt_OffshoreSeriesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis=airt_ContrailJVIILLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_OtherCommitmentsAxis=airt_CapitalCommitmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=airt_CrestoneAssetManagementLLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=airt_MillRoadCapitalMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_OwnershipAxis=airt_ContrailAssetManagementLLCMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_OwnershipAxis=airt_ShanwickMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | dei_LegalEntityAxis=airt_ThirdPartyMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CounterpartyNameAxis=airt_OCASIncMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |