v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating Revenues        
Total Operating Revenues $ 3,026 $ 47,139 $ 63,269 $ 90,796
Operating Expenses        
Payroll and related costs 13,253 30,209 40,989 61,717
Aircraft fuel and oil 125 80 327 132
Aircraft maintenance, materials and repairs 1,383 15,196 11,975 27,314
Other rents 1,007 1,680 2,126 3,376
Depreciation, amortization and obsolescence 2,406 6,236 5,016 12,591
Purchased services and other 2,912 3,257 6,534 6,119
Total Operating Expenses 21,086 56,658 66,967 111,249
Loss from Operations (18,060) (9,519) (3,698) (20,453)
Other Income (Expense)        
Interest and dividend income 903 905 1,714 1,660
Interest expense (2) (3) (5) (3)
Gain on marketable securities, Short-term restricted investments (SESP), and long-term restricted investments (SESP) 1,036 523 2,665 902
Other, net (45) (2) (90) (3)
Total Other Income 1,892 1,423 4,284 2,556
Net (Loss) Income Before Taxes (16,168) (8,096) 586 (17,897)
Income Tax Benefit (331) (245) (58) (479)
Net (Loss) Income (15,837) (7,851) 644 (17,418)
Preferred stock dividends 0 519 0 985
Net (loss) income available to common stockholders $ (15,837) $ (8,370) $ 644 $ (18,403)
Basic (Loss) Income Per Share (in dollars per share) $ (0.27) $ (0.20) $ 0.01 $ (0.43)
Diluted (Loss) Income Per Share (in dollars per share) $ (0.27) $ (0.20) $ 0.01 $ (0.43)
Weighted average common shares:        
Basic (in shares) 58,429,836 42,817,146 58,441,753 42,852,742
Diluted (in shares) 58,429,836 42,817,146 58,441,753 42,852,742
Contract revenues        
Operating Revenues        
Total Operating Revenues $ 3,021 $ 47,137 $ 63,262 $ 90,792
Contract services and other        
Operating Revenues        
Total Operating Revenues $ 5 $ 2 $ 7 $ 4