Segment Information |
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| Segment Information | 17. SEGMENT INFORMATION
The Company’s business activity is providing customized, non-scheduled air transport services to customers. Management structured the Company’s business model to derive revenue from customers from two types of contracts: (1) ACMI and (2) Charter, as discussed in Management’s Discussion and Analysis of Financial Condition and Results of Operations. The Company’s together serve as the Chief Operating Decision Maker (“CODM”). The Company manages the business activities on a consolidated basis and operates in one reportable segment. The CODM assesses performance for the Company’s operating segment and decides how to allocate resources based on net income or loss that is also reported on the Consolidated Statements of Operations. Net income is used to monitor actual versus budget results. Significant expenses within net income or loss, include operating expenses, which are each separately presented on the Company’s Consolidated Statements of Operations. Other segment items within net income or loss include Interest Expense, Loss in Canada Jetlines Operations Ltd. and Income tax expense. The measure of segment assets is reported on the Consolidated Balance Sheets as total consolidated assets. The following table presents revenue for the Company’s reportable segment for the periods indicated (in thousands):
Products and services The Company generates revenue from the following major product and service categories (in thousands):
Geographic information Substantially all of the Company’s long‑lived assets are located in the USA. Revenue by geographic area, based on the location of the customer, is as follows (in thousands):
Major customers: For the year ended December 31, 2025, one customer accounted for approximately 50% of total revenue. No other customer accounted for 10% or more of total revenue in any of the periods presented. For the year ended December 31, 2024, two customers accounted for approximately 40% and 12% of total revenue. No other customer accounted for 10% or more of total revenue in any of the periods presented. Because the Company has only one reportable segment, the amounts disclosed above for that segment are also the amounts reported in the consolidated financial statements; therefore, separate reconciliations to consolidated totals have not been presented. |
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