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Condensed Consolidated Statements of Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Operating Revenues:        
Operating Revenues $ 44,501,246 $ 35,769,170 $ 141,060,109 $ 104,785,413
Operating Expenses:        
Overnight air cargo 15,538,554 15,221,098 46,020,254 44,929,504
Ground equipment sales 10,578,846 4,345,727 28,606,906 16,521,728
Ground support services 7,337,862 6,449,260 21,738,525 17,604,562
Printing equipment and maintenance 265,054 948,008 2,848,861 8,072,739
Commercial jet engines and parts 2,143,540 1,672,092 15,534,775 2,459,631
Leasing 49,460
Research and development 107,598 195,653 858,480
General and administrative 7,252,381 4,960,263 21,114,626 15,932,655
Depreciation, amortization and impairment 815,590 411,798 1,743,955 2,755,071
Gain on sale of property and equipment, net 17,739 13,909 16,648 13,909
43,949,566 34,129,753 137,820,203 109,197,739
Operating Income (Loss) 551,680 1,639,417 3,239,906 (4,412,326)
Non-operating Income (Expense):        
Gain on sale of marketable securities 72,145 9,965 72,145 582,910
Foreign currency gain (loss) (11,797) 235,670 (260,903) 360,556
Other-than-temporary impairment loss on investments (788,799) (1,559,972) (1,502,239)
Other investment income, net 50,485 66,082 123,286 157,044
Interest expense and other (538,459) (136,842) (1,010,177) (278,219)
Gain on asset retirement obligation 562,500
Bargain purchase acquisition gain, net of tax 501,880
Unrealized loss on interest rate swap (199,122) (199,122)
Equity in income of associated company 89,426 119,363
(1,326,121) 174,875 (1,651,000) (679,948)
Income (Loss) Before Income Taxes (774,441) 1,814,292 1,588,906 (5,092,274)
Income Taxes Expense (Benefit) (60,000) 149,000 595,000 152,000
Net Income (Loss) (714,441) 1,665,292 993,906 (5,244,274)
Net (Income) Loss Attributable to Non-controlling Interests 42,502 (445,255) (275,755) 1,796,942
Net Income (Loss) Attributable to Air T, Inc. Stockholders $ (671,939) $ 1,220,037 $ 718,151 $ (3,447,332)
Earnings (Loss) Per Share:        
Basic (in dollars per share) $ (0.33) $ 0.60 $ 0.35 $ (1.60)
Diluted (in dollars per share) $ (0.33) $ 0.60 $ 0.35 $ (1.60)
Weighted Average Shares Outstanding:        
Basic (in shares) 2,042,789 2,042,789 2,042,789 2,152,301
Diluted (in shares) 2,042,789 2,047,637 2,047,547 2,152,301
Overnight Air Cargo [Member]        
Operating Revenues:        
Operating Revenues $ 18,028,688 $ 17,099,640 $ 52,851,936 $ 50,888,019
Ground Equipment Sales [Member]        
Operating Revenues:        
Operating Revenues 12,911,101 5,400,258 34,376,866 20,743,323
Ground Support Services [Member]        
Operating Revenues:        
Operating Revenues 8,643,267 7,579,661 26,557,666 21,417,854
Printing Equipment and Maintenance [Member]        
Operating Revenues:        
Operating Revenues 905,860 2,653,899 5,340,163 6,941,883
Commercial Jet Engines Inventory [Member]        
Operating Revenues:        
Operating Revenues 3,930,510 2,998,165 21,781,095 4,293,272
Corporate Segment [Member]        
Operating Revenues:        
Operating Revenues 47,957 47,957
Leasing [Member]        
Operating Revenues:        
Operating Revenues $ 33,863 $ 37,547 $ 104,426 $ 501,062