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[QUOTE]Originally posted by cashmakers: [QB] Very strong and positive forecast on the AIRT business growing from CEO's statement yesterday. Consolidated revenues increased $1,770,000 (10.8%) to $18,136,000 for the quarter ended September 30, 2005 compared to the same quarter in the prior fiscal year. The increase in revenues was primarily related to increased flight and maintenance services, in part due to placement of newer ATR aircraft into revenue service, and acquisition of aircraft parts which was primarily associated with the transition to the newer ATR aircraft. The majority of the quarter's revenues increase was comprised of direct operating costs, passed through to the Company's air cargo customer without markup. Walter Clark, Chairman and Chief Executive Officer of Air T, stated, "We are proud of our team at Global, who have worked hard to see the deicing booms returned to service at the Philadelphia airport. We recognize that our decision to take the lead in this effort has had an adverse short-term effect on our financial results, but believe that as a long-term matter we need to stand behind the products that we sell. We will continue to pursue our legal action against the subcontractor that designed, manufactured and warranted these products to recover these and other costs." Oil price keep going down and should relieve air line industry pain by a certain level. AIRT definately benifit on this. Take a look at WLDAE now, similar indutry with high growth and solid business. AIRT does not compete directly with WLDA, but the number can reflect some good signal. I am in AIRT here, technical showing bottom form at $10 level and has uptrend graph. should see short term momentum with good financial in 2Q. [/QB][/QUOTE]
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