Note 7 - Segment Information

9 Months Ended

Dec. 31, 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 December 31,						Nine Months Ended December 31,
	2012			2011			2012			2011
Operating Revenues:
Overnight Air Cargo	$	12,416,819		$	12,062,070		$	35,201,746		$	35,228,575
Ground Equipment Sales:
Domestic		7,802,351			8,199,056			21,353,676			20,351,838
International		3,142,912			2,741,298			6,420,764			5,933,542
Total Ground Equipment Sales		10,945,263			10,940,354			27,774,440			26,285,380
Ground Support Services		3,341,186			2,647,621			9,377,307			6,158,505
Total	$	26,703,268		$	25,650,045		$	72,353,493		$	67,672,460
Operating Income (Loss):
Overnight Air Cargo	$	707,561		$	830,631		$	2,326,295		$	2,744,009
Ground Equipment Sales		441,346			160,615			582,089			68,201
Ground Support Services		407,954			335,982			630,244			530,388
Corporate		(570,319	)		(425,924	)		(1,547,482	)		(1,272,363	)
Total	$	986,542		$	901,304		$	1,991,146		$	2,070,235
Capital Expenditures:
Overnight Air Cargo	$	36,156		$	90,519		$	85,651		$	520,636
Ground Equipment Sales		16,508			13,730			128,159			36,320
Ground Support Services		15,335			32,590			31,373			183,492
Corporate		3,908			7,224			47,330			9,324
Total	$	71,907		$	144,063		$	292,513		$	749,772
Depreciation and Amortization:
Overnight Air Cargo	$	38,815		$	23,289		$	114,705		$	51,779
Ground Equipment Sales		20,500			12,843			55,896			33,251
Ground Support Services		32,820			26,950			99,737			77,760
Corporate		12,994			11,910			42,505			28,913
Total	$	105,129		$	74,992		$	312,843		$	191,703