Note 8 - Segment Information

3 Months Ended

Jun. 30, 2011

Segment Reporting Disclosure [Text Block]

8. Segment Information

The Company operates in three business segments.  The overnight air cargo segment, comprised of its Mountain Air Cargo, Inc. (“MAC”) and CSA Air, Inc. (“CSA”) subsidiaries, operates in the air express delivery services industry.  The ground equipment sales segment, comprised of its Global Ground Support, LLC (“GGS”) subsidiary, manufactures and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, the U.S. military and industrial customers.  The ground support services segment, comprised of its Global Aviation Services, LLC (“GAS”) subsidiary, provides ground support equipment maintenance and facilities maintenance services to domestic airlines and aviation service providers.  Each business segment has separate management teams and infrastructures that offer different products and services.  The Company evaluates the performance of its operating segments based on operating income.

Segment data is summarized as follows:

	Three Months Ended June 30,
	2011			2010
Operating Revenues:
Overnight Air Cargo	$	10,826,899		$	8,920,174
Ground Equipment Sales:
Domestic		2,280,460			1,309,348
International		1,890,018			2,616,392
Total Ground Equipment Sales		4,170,478			3,925,740
Ground Support Services		1,564,120			2,177,361
Total	$	16,561,497		$	15,023,275
Operating Income (Loss):
Overnight Air Cargo	$	932,307		$	727,983
Ground Equipment Sales		(310,856	)		(162,937	)
Ground Support Services		38,665			299,299
Corporate		(409,124	)		(453,983	)
Total	$	250,992		$	410,362
Capital Expenditures:
Overnight Air Cargo	$	372,836		$	-
Ground Equipment Sales		3,071			-
Ground Support Services		19,500			32,640
Corporate		-			5,140
Total	$	395,407		$	37,780
Depreciation and Amortization:
Overnight Air Cargo	$	14,283		$	50,073
Ground Equipment Sales		9,969			7,023
Ground Support Services		19,638			27,478
Corporate		10,026			12,141
Total	$	53,916		$	96,715