Air T's trust preferred shares are in a confirmed golden-cross breakout with superior ROE and margins versus peers, but a red-flagged earnings-quality metric of -47% FCF to net income and zero modeled upside at the current price limit the case for a new position.
Thesis pillars
- Excellent Roe Margins Vs Peers→Stable
- Golden Cross Breakout Momentum→Stable
- Earnings Quality Red Flag→Stable
- +1 more pillar — see the Why tab for full reasoning
Air T, Inc. - Trust Preferred S (AIRTP) Stock Analysis
Breakout setup
Industrials · Conglomerates
Sell if holding. Engine safety override at $19.74: Quality below floor (4.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.5/10. Specifically: Below-average business quality; Rich valuation.
Air T, Inc. is a Charlotte, North Carolina holding company operating five segments: overnight air cargo, ground support equipment, commercial aircraft/engines/parts, digital solutions, and (following a December 2025 acquisition) a regional airline in Australia. Its overnight air... Read more
Sell if holding. Engine safety override at $19.74: Quality below floor (4.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.5/10. Specifically: Below-average business quality; Rich valuation. Chart setup: Golden cross, above all MAs, RSI 62, MACD bullish. Score 5.5/10, moderate confidence.
Passes 7/8 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Suitability: moderate.
Thesis
Key Metrics
Quality Signals
Concentration Risks(10-K Item 1A)
- MEDIUMCustomerFedEx35%10-K Item 1: 'Revenues from MAC and CSA’s contracts with FedEx accounted for approximately 35% and 39% of the Company’s consolidated revenue for the fiscal years ended March 31, 2026 and 2025, respectively.'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker·1 ceiling hit
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Engine safety override at $19.74: Quality below floor (4.0 < 4.0) triggers a hard block regardless of the otherwise-positive setup — overall score 5.5/10. Specifically: Below-average business quality; Rich valuation. Chart setup: Golden cross, above all MAs, RSI 62, MACD bullish. Prior stop was $19.09. Score 5.5/10, moderate confidence.
Take-profit target: $19.80 (+0.3% upside). Prior stop was $19.09. Stop-loss: $19.09.
Quality below floor (4.0 < 4.0).
Air T, Inc. - Trust Preferred S trades at a P/E of 60.1 (forward N/A). TrendMatrix value score: 2.0/10. Verdict: Sell.
What does Air T, Inc. - Trust Preferred S do?Air T, Inc. is a Charlotte, North Carolina holding company operating five segments: overnight air cargo, ground support...
Air T, Inc. is a Charlotte, North Carolina holding company operating five segments: overnight air cargo, ground support equipment, commercial aircraft/engines/parts, digital solutions, and (following a December 2025 acquisition) a regional airline in Australia. Its overnight air cargo unit flies aircraft under dry-lease agreements with FedEx, generating approximately 35-39% of consolidated revenue, while the other segments sell deicing equipment, lease/sell aircraft engines and parts, and provide aviation subscription software.