CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021
Operating Revenues:
Total revenue	$ 61,396	$ 45,433	$ 172,946	$ 125,640
Operating Expenses:
General and administrative	11,503	8,995	33,900	25,776
Depreciation and amortization	1,097	442	2,984	1,146
Inventory write-down	638	173	1,658	228
Asset impairment	0	0	516	0
(Gain) Loss on sale of property and equipment	0	0	(2)	3
Operating expenses	61,261	45,408	171,799	124,916
Operating Income	135	25	1,147	724
Non-operating (Expense) Income:
Interest expense	(2,204)	(1,236)	(6,021)	(3,341)
Income from equity method investments	2,118	99	2,917	197
Gain on forgiveness of Paycheck Protection Program (“PPP”) loan	0	0	0	8,331
Other-than-temporary impairment loss on investments	0	(348)	0	(348)
Other	(97)	(11)	(608)	1,329
Nonoperating income (expense)	(183)	(1,496)	(3,712)	6,168
(Loss) Income before income taxes	(48)	(1,471)	(2,565)	6,892
Income Taxes Benefit	(156)	(282)	(536)	(249)
Net Income (Loss)	108	(1,189)	(2,029)	7,141
Net Income Attributable to Non-controlling Interests	(698)	(73)	(1,226)	(559)
Net (Loss) Income Attributable to Air T, Inc. Stockholders	$ (590)	$ (1,262)	$ (3,255)	$ 6,582
(Loss) Income per share (Note 6)
Basic (in dollars per share)	$ (0.21)	$ (0.44)	$ (1.14)	$ 2.28
Diluted (in dollars per share)	$ (0.21)	$ (0.44)	$ (1.14)	$ 2.28
Weighted Average Shares Outstanding:
Basic (in shares)	2,836	2,882	2,855	2,882
Diluted (in shares)	2,836	2,882	2,855	2,893
Overnight air cargo
Operating Revenues:
Total revenue	$ 21,831	$ 18,248	$ 64,464	$ 55,946
Operating Expenses:
Cost of Revenue	19,174	16,209	56,696	49,506
Depreciation and amortization	22	14	64	41
Operating Income	1,009	475	2,931	2,063
Ground equipment sales
Operating Revenues:
Total revenue	16,147	15,232	39,981	32,603
Operating Expenses:
Cost of Revenue	13,492	11,988	32,362	25,550
Depreciation and amortization	35	81	130	145
Operating Income	1,093	1,463	3,122	2,929
Commercial jet engines and parts
Operating Revenues:
Total revenue	21,736	11,392	63,577	35,902
Operating Expenses:
Cost of Revenue	15,357	7,601	43,685	22,707
Depreciation and amortization	721	234	1,717	714
Operating Income	733	336	3,603	2,000
Corporate and other
Operating Revenues:
Total revenue	1,682	561	4,924	1,189
Operating Expenses:
Depreciation and amortization	319	113	1,073	246
Operating Income	$ (2,700)	$ (2,249)	$ (8,509)	$ (6,268)