Note 7 - Segment Information

3 Months Ended

Sep. 30, 2012

Segment Reporting Disclosure [Text Block]

7.     Segment Information

The Company operates in three business segments.  The overnight air cargo segment, comprised of the Company’s 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 the Company’s 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 the Company’s 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 September 30,						Six Months Ended September 30,
	2012			2011			2012			2011
Operating Revenues:
Overnight Air Cargo	$	12,051,201		$	12,339,606		$	22,784,927		$	23,166,505
Ground Equipment Sales:
Domestic		4,386,908			9,872,322			13,551,325			12,152,782
International		1,698,708			1,302,226			3,277,852			3,192,244
Total Ground Equipment Sales		6,085,616			11,174,548			16,829,177			15,345,026
Ground Support Services		3,025,243			1,946,764			6,036,121			3,510,884
Total	$	21,162,060		$	25,460,918		$	45,650,225		$	42,022,415
Operating Income (Loss):
Overnight Air Cargo	$	863,893		$	981,071		$	1,618,734		$	1,913,378
Ground Equipment Sales		(163,765	)		218,442			140,743			(92,414	)
Ground Support Services		52,028			156,616			222,290			195,281
Corporate		(401,222	)		(437,315	)		(977,163	)		(846,439	)
Total	$	350,934		$	918,814		$	1,004,604		$	1,169,806
Capital Expenditures:
Overnight Air Cargo	$	16,593		$	57,281		$	49,495		$	430,117
Ground Equipment Sales		53,281			19,519			111,651			22,590
Ground Support Services		16,038			131,402			16,038			150,902
Corporate		4,200			2,100			43,422			2,100
Total	$	90,112		$	210,302		$	220,606		$	605,709
Depreciation and Amortization:
Overnight Air Cargo	$	38,444		$	14,207		$	75,890		$	28,490
Ground Equipment Sales		18,837			10,439			35,396			20,408
Ground Support Services		33,465			31,172			66,917			50,810
Corporate		12,961			6,977			29,511			17,003
Total	$	103,707		$	62,795		$	207,714		$	116,711