AIRT

New Joint Venture Announcement: Crestone Air Partners has formed a new joint venture, Blue Crest Aviation Partners, with Blue Owl Capital to acquire mid-life commercial jet aircraft on lease to airlines globally, utilizing a disciplined income-oriented strategy.

Crestone's Growth and Strategy: This joint venture builds on Crestone's previous successful investments in aviation assets and aims to scale their operations further, leveraging the integrated services of its parent company, Air T, Inc.

Air T, Inc. Earnings Performance: Air T, Inc. reported a 1.7% increase in revenues for the fiscal year ending March 31, 2025, totaling $291.9 million, while operating income rose significantly by 50.9%. Despite these gains, the company posted a net loss per share of $2.23, an improvement from the previous year's loss.

Segment Revenue Insights: The Overnight Air Cargo segment saw a revenue increase of 7.3%, while the Commercial Aircraft segment experienced a decline of 5.8%. The Digital Solutions segment grew by 25.7%, although it faced an adjusted EBITDA loss due to higher personnel expenses.

Stock Performance Highlights: Zacks.com reports on stocks like Costco, AT&T, Marsh & McLennan, and Air T, noting Costco's strong performance with a 41.9% increase over the past year, driven by strategic investments and membership growth, while AT&T focuses on business transformation and 5G expansion despite market competition.

Research Insights: The Zacks Research Daily features detailed reports on these companies, highlighting Costco's expected earnings growth, AT&T's collaboration with Microsoft for network improvements, Marsh & McLennan's strategic acquisitions, and Air T's revenue growth amidst financial risks.