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Consolidated Statements of Income - USD ($)
12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Revenues:    
Operating Revenues $ 249,834,478 $ 194,519,345
Operating Expenses:    
Overnight air cargo 65,099,491 63,049,619
Ground equipment sales 38,911,228 41,567,109
Ground support services 30,376,988 30,135,613
Commercial jet engines and parts 60,948,561 20,502,205
Printing equipment and maintenance 350,116 2,975,999
Research and development 195,653
General and administrative 38,376,113 29,138,534
Depreciation and amortization 7,686,070 2,428,732
Impairment on property and equipment 34,504 250,126
(Gain) loss on sale of property and equipment (13,298) 30,232
241,769,773 190,273,822
Operating Income 8,064,705 4,245,523
Non-operating Income (Expense):    
Gain on sale of marketable securities 81,388 93,066
Foreign currency loss, net (113,528) (228,714)
Other-than-temporary impairment loss on investments (2,000,000) (1,559,972)
Other investment income (loss), net (373,060) 121,860
Interest expense, net (3,427,102) (1,724,771)
Gain on asset retirement obligation 562,500
Bargain purchase acquisition gain 1,983,777 501,880
Unrealized gain (loss) on interest rate swap 145,222 (66,706)
Unrealized gain on transition to equity method 721,585
Income (loss) from equity method investments 340,714 (14,644)
(3,362,589) (1,593,916)
Income Before Income Taxes 4,702,116 2,651,607
Income Taxes 1,502,184 195,000
Net Income 3,199,932 2,456,607
Net (Income) Loss Attributable to Non-controlling Interests (1,859,937) (179,498)
Net Income Attributable to Air T, Inc. Stockholders $ 1,339,995 $ 2,277,109
Earnings Per Share:    
Basic (in dollars per share) $ 0.66 $ 1.11
Diluted (in dollars per share) $ 0.66 $ 1.11
Weighted Average Shares Outstanding:    
Basic (in shares) 2,034,749 2,042,806
Diluted (in shares) 2,039,892 2,047,685
Overnight Air Cargo [Member]    
Operating Revenues:    
Operating Revenues $ 72,978,361 $ 72,845,353
Ground Equipment Sales [Member]    
Operating Revenues:    
Operating Revenues 47,152,125 50,004,507
Ground Support Services [Member]    
Operating Revenues:    
Operating Revenues 34,331,784 35,698,171
Commercial Jet Engines Inventory [Member]    
Operating Revenues:    
Operating Revenues 93,968,014 29,506,873
Printing Equipment and Maintenance [Member]    
Operating Revenues:    
Operating Revenues 654,617 6,144,403
Corporate and Other [Member]    
Operating Revenues:    
Operating Revenues $ 749,577 $ 320,038