CONSOLIDATED STATEMENT OF OPERATIONS - USD ($) $ in Thousands |
12 Months Ended | |||
|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
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| Income Statement [Abstract] | ||||
| Revenue | $ 246,346 | $ 223,751 | ||
| Operating Expenses | ||||
| Salaries, Wages, & Benefits | 80,505 | 67,787 | ||
| Aircraft Fuel | 15,258 | 23,828 | ||
| Maintenance, materials and repairs | 19,111 | 13,210 | ||
| Depreciation and amortization | 11,963 | 6,271 | ||
| Contracted ground and aviation services | 18,227 | 19,599 | ||
| Travel | 9,500 | 11,174 | ||
| Insurance | 5,212 | 6,189 | ||
| Aircraft Rent | 57,422 | 57,677 | ||
| Other | 20,243 | 19,144 | ||
| Total Operating Expenses | 237,441 | 224,879 | ||
| Operating Income (Loss) | 8,905 | (1,128) | ||
| Non-Operating Expenses | ||||
| Interest Expense | 11,505 | 8,955 | ||
| Loss in Canada Jetlines Operations Ltd. | 1,300 | |||
| Total Non-Operating Expenses | 11,505 | 10,255 | ||
| Loss before income taxes | (2,600) | (11,383) | ||
| Income tax expense | 18 | 2 | ||
| Net Loss | (2,618) | (11,385) | ||
| Net Income attributable to Noncontrolling Interest | 433 | 87 | ||
| Net Loss attributable to the Company | $ (3,051) | $ (11,472) | ||
| Loss per share: | ||||
| Basic | $ (0.05) | $ (0.19) | ||
| Diluted | [1] | $ (0.05) | $ (0.19) | |
| Weighted average number of shares outstanding | 64,095,369 | 60,359,587 | ||
| Fully diluted shares outstanding | 64,095,369 | 60,359,587 | ||
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- Definition Aircraft rentals included in operating expenses. No definition available.
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- Definition Contracted ground and aviation services. No definition available.
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- Definition Income loss from before income taxes extraordinary items noncontrolling interest. No definition available.
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- Definition Loss in jetlines operations. No definition available.
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- Definition Salaries, wages and benefits. No definition available.
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- Definition Maintenance costs incurred and directly related to services rendered by an entity during the reporting period. Includes the cost of inspections and repairs, materials and routine maintenance costs for all aircraft and engines. No definition available.
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The cost for fuel, incurred during the period, before considering the impacts of any related hedging activities. No definition available.
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- Definition The expense in the period incurred with respect to protection provided by insurance entities against risks other than risks associated with production (which are allocated to cost of sales). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of general expenses not normally included in Other Operating Costs and Expenses. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Expenses incurred for travel and entertainment during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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