v3.25.4
Disaggregated Revenue
 12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregated Revenue

Note 14. Disaggregated Revenue

The disaggregated revenue for the years ended December 31, 2025 and 2024 were as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

Scheduled

 

$

76,989

 

 

$

90,735

 

On-Demand

 

$

29,568

 

 

 

28,690

 

Total revenue

 

$

106,557

 

 

$

119,425

 

 

The revenue deferred and recognized for the years ended December 31, 2025 and 2024 were as follows (in thousands):

 

 

 

Year Ended December 31,

 

 

 

2025

 

 

2024

 

Deferred revenue, beginning of period

 

$

17,393

 

 

$

21,725

 

Revenue deferred

 

 

60,515

 

 

 

62,546

 

Revenue recognized

 

 

(59,984

)

 

 

(66,878

)

Deferred revenue, end of period

 

$

17,924

 

 

$

17,393

 

Deferred revenue principally represents tickets sold for future travel on the Company’s flights. The balance fluctuates with seasonal travel patterns. The contract duration of passenger tickets is generally one to two years. Accordingly, any revenue associated with tickets sold for future travel will be recognized within 12-24 months, when the tickets are either used by passengers or expired pursuant to their terms. For the year ended December 31, 2025, $11.1 million of revenue was recognized in passenger revenue that was

included in our deferred revenue liability at December 31, 2024. For the year ended December 31, 2024, $15.5 million of revenue was recognized in passenger revenue that was included in our deferred revenue liability at December 31, 2023.