v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities    
Net loss $ (4,499) $ (19,655)
Adjustments to reconcile (used in) provided by operating activities:    
Depreciation, amortization and obsolescence allowance 7,080 19,114
Amortization of engine overhauls 602 2,728
Deferred income taxes (167) (447)
Gain on disposition of property and equipment (6,653) (519)
Gain on marketable securities (2,949) (2,629)
Changes in operating assets and liabilities:    
Receivables, net (1,541) 1,735
Sales lease receivable 316 285
Spare parts and supplies 707 (1,184)
Prepaid expenses and other 6,651 (157)
Operating lease right-of-use asset 144 141
Accounts payable (7,488) 5,247
Accrued payroll and employee benefits (5,923) 233
Other accrued expenses 24 101
Contract liabilities (4,190) (1,139)
Income taxes payable (312) 0
Other long-term liabilities (302) (15)
Net Cash (Used in) Provided by Operating Activities (18,500) 3,839
Cash Flows from Investing Activities    
Additions to property and equipment (223) (2,863)
Proceeds on disposition of property and equipment 7,271 631
Purchase of marketable securities and long-term restricted investments (SESP) (2,202) (2,053)
Sale of marketable securities and long-term restricted investments (SESP) 15,911 120
Net Cash Provided by (Used in) Investing Activities 20,757 (4,165)
Cash Flows from Financing Activities    
Dividends paid on preferred stock 0 (985)
Series C stock redemption 0 (10,710)
Repurchased stock (46) (2,016)
Net Cash Used in Financing Activities (46) (13,711)
Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 2,211 (14,037)
Cash, Cash Equivalents and Restricted Cash, beginning of period 15,619 21,531
Cash, Cash Equivalents and Restricted Cash, end of period $ 17,830 $ 7,494