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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating Revenues:    
Operating Revenues $ 60,867,469 $ 47,697,373
Operating Expenses:    
Overnight air cargo 15,174,396 14,562,143
Ground equipment sales 4,937,312 4,754,215
Ground support services 7,805,209 7,418,393
Printing equipment and maintenance 145,528 1,501,056
Commercial jet engines and parts 20,121,118 10,069,850
Research and development 195,653
General and administrative 8,584,803 6,584,668
Depreciation, amortization and impairment 1,495,401 398,827
58,263,767 45,484,805
Operating Income 2,603,702 2,212,568
Non-operating Income (Expense):    
Foreign currency gain (loss), net (2,182) (188,624)
Other-than-temporary impairment loss on investments (771,173)
Other investment income (loss), net (315,507) 30,651
Interest expense and other (707,199) (149,519)
Unrealized gain on interest rate swap 97,337
Bargain purchase acquisition gain, net of tax 1,983,777 501,880
Equity in income (loss) of associated company 9,183 (31,903)
1,065,409 (608,688)
Income Before Income Taxes 3,669,111 1,603,880
Income Taxes 387,000 374,000
Net Income 3,282,111 1,229,880
Interests (453,417) (261,491)
Net Income Attributable to Air T, Inc. Stockholders $ 2,828,694 $ 968,389
Income Per Share:    
Basic (in dollars per share) $ 1.38 $ 0.47
Diluted (in dollars per share) $ 1.38 $ 0.47
Weighted Average Shares Outstanding:    
Basic (in shares) 2,043,607 2,042,789
Diluted (in shares) 2,049,698 2,047,623
Overnight Air Cargo [Member]    
Operating Revenues:    
Operating Revenues $ 17,640,658 $ 16,742,175
Ground Equipment Sales [Member]    
Operating Revenues:    
Operating Revenues 6,384,781 5,949,656
Ground Support Services [Member]    
Operating Revenues:    
Operating Revenues 9,047,640 9,113,073
Printing Equipment and Maintenance [Member]    
Operating Revenues:    
Operating Revenues 298,823 3,131,381
Commercial Jet Engines Inventory [Member]    
Operating Revenues:    
Operating Revenues 27,320,175 12,725,341
Corporate Segment [Member]    
Operating Revenues:    
Operating Revenues $ 175,392 $ 35,747