v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating Revenues        
Total Operating Revenues $ 905 $ 53,573 $ 64,174 $ 144,369
Operating Expenses (Income)        
Payroll and related costs 7,120 31,049 48,109 92,766
Aircraft fuel and oil 206 76 533 208
Aircraft maintenance, materials and repairs 226 16,223 12,201 43,537
Other rents 664 1,674 2,790 5,050
Depreciation, amortization and obsolescence 2,064 6,523 7,080 19,114
Gain on disposal of fixed assets (6,070) (3) (6,703) (519)
Purchased services and other 3,792 3,570 10,959 10,205
Total Operating Expenses 8,002 59,112 74,969 170,361
Loss from Operations (7,097) (5,539) (10,795) (25,992)
Other Income (Expense)        
Interest and dividend income 1,093 1,090 2,807 2,750
Interest expense (3) (3) (8) (6)
Gain on marketable securities, Short-term restricted investments (SESP), and long-term restricted investments (SESP) 736 2,252 3,401 3,154
Other, net 0 (4) (90) (7)
Total Other Income 1,826 3,335 6,110 5,891
Loss Before Taxes (5,271) (2,204) (4,685) (20,101)
Income Tax (Benefit) Expense (128) 33 (186) (446)
Net Loss (5,143) (2,237) (4,499) (19,655)
Preferred stock dividends 0 0 0 985
Net loss available to common stockholders $ (5,143) $ (2,237) $ (4,499) $ (20,640)
Basic Loss per share (in dollars per share) $ (0.09) $ (0.04) $ (0.08) $ (0.43)
Diluted Loss per share (in dollars per share) $ (0.09) $ (0.04) $ (0.08) $ (0.43)
Weighted average common shares:        
Basic (in shares) 58,429,836 58,558,662 58,437,737 48,126,263
Diluted (in shares) 58,429,836 58,558,662 58,437,737 48,126,263
Contract revenues        
Operating Revenues        
Total Operating Revenues $ 528 $ 53,570 $ 63,790 $ 144,362
Contract services and other        
Operating Revenues        
Total Operating Revenues $ 377 $ 3 $ 384 $ 7