v3.25.2
Revenue & Contract Liability (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2025
Dec. 31, 2024
Contract with Customer, Contract Asset, Contract Liability, and Receivable [Abstract]    
Schedule of Disaggregated Revenues By Service Type

The following table presents disaggregated revenues by service type:

 

 

 

Three Months Ended March 31,

 

Revenue

 

2025

 

 

2024

 

 

 

 

 

 

 

 

Charter

 

$

30,518

 

 

$

34,014

 

ACMI

 

 

34,316

 

 

 

18,622

 

Other

 

 

1,767

 

 

 

1,199

 

Total

 

$

66,601

 

 

$

53,835

 

 
Summary of Significant Changes in Deferred Revenue Liability Balances

Significant changes in our deferred revenue liability balances during the period and year ended, March 31, 2025 and December 31, 2024, respectively, were as follows in thousands:

 

 

March 31, 2025

 

 

December 31, 2024

 

 

 

 

 

 

 

 

Beginning Balance

 

$

8,903

 

 

$

9,896

 

Revenue Recognized

 

 

(8,639

)

 

 

(9,896

)

Amounts Collected or Invoiced

 

 

3,994

 

 

 

8,903

 

Ending Balance

 

$

4,258

 

 

$

8,903

 

Significant changes in our Deferred Revenue liability balances during the year ended December 31, 2024 and 2023 in thousands were as follows:

 

 

December 31, 2024

 

 

December 31, 2023

 

 

 

 

 

 

 

 

Beginning Balance

 

$

9,896

 

 

$

3,201

 

Revenue Recognized

 

 

(9,896

)

 

 

(3,201

)

Amounts Collected or Invoiced

 

 

8,903

 

 

 

9,896

 

Ending Balance

 

$

8,903

 

 

$

9,896