v3.25.2
Revenue & Contract Liability (Tables)
6 Months Ended
Jun. 30, 2025
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 for the three and six months ended June 30, 2025 and 2024 in thousands:

 

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

Revenue

 

2025

 

 

2024

 

 

2025

 

 

2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Charter

 

$

15,316

 

 

$

24,616

 

 

$

45,833

 

 

$

58,631

 

ACMI

 

 

44,535

 

 

 

31,911

 

 

 

78,851

 

 

 

50,533

 

Other

 

 

1,530

 

 

 

1,019

 

 

 

3,298

 

 

 

2,216

 

Total

 

$

61,381

 

 

$

57,546

 

 

$

127,982

 

 

$

111,380

 

Summary of Significant Changes in Deferred Revenue Liability Balances

Significant changes in our deferred revenue liability balances during the period and year ended, June 30, 2025 and December 31, 2024, respectively, were as follows in thousands:

 

 

June 30, 2025

 

 

December 31, 2024

 

 

 

 

 

 

 

 

Beginning Balance

 

$

8,903

 

 

$

9,896

 

Revenue Recognized

 

 

(8,783

)

 

 

(9,896

)

Amounts Collected or Invoiced

 

 

3,937

 

 

 

8,903

 

Ending Balance

 

$

4,057

 

 

$

8,903