v3.25.4
Segment And Geographic Information (Tables)
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
The following table presents selected financial information with respect to the Company’s single operating segment for the years ended December 31, 2025 and 2024:
For the years ended December 31,
dollars in thousands
20252024
Revenues
$122,830 $98,613 
Cost of revenues:
   Flight operations31,933 31,016 
Maintenance39,214 26,459 
Total cost of revenues71,147 57,475 
Gross income51,683 41,138 
Selling, general and administrative expense
36,283 35,820 
Interest expense
23,263 23,714 
Other income11,788 2,067 
Income (loss) before income taxes3,925 (16,329)
Income tax benefit215 762 
Net income (loss)$4,140 $(15,567)
Revenue from External Customers by Geographic Areas
The Company’s long-lived tangible assets, as well as the Company's operating lease right-of-use assets recognized on the Consolidated Balance Sheets were located as follows:
As of December 31,
dollars in thousands20252024
United States$198,301 $190,560 
Spain51,928 2,017