The Company separately classified executive separation and Merger-related items in the condensed consolidated statements of operations, as such amounts are not anticipated to be incurred each year on a recurring basis. Certain prior year balances have been reclassified to conform to current year presentation.

Executive separation—In connection with Mr. Grizzle’s separation and transition to non-executive Chairman, the Company recognized $7.0 million of cash severance and share-based compensation expense related to the accelerated vesting of certain restricted stock awards and restricted stock units subject to performance-vesting conditions, during the three and six months ended June 30, 2026. Refer to Note 9, Mezzanine Equity and Capital Transactions.

Merger-related items—The Company incurred certain expenses for legal, audit, and advisory fees supporting Merger due diligence, registration of securities and Securities and Exchange Commission (“SEC”) filings, Merger planning, and integration costs during the three and six months ended June 30, 2026. Integration costs include the elimination of duplicate overheads and abandonment of certain operating agreements, including fleet-specific training and facilities. Additionally, the Company has incurred integration costs related to aircraft maintenance bridging and standardization of crew training during the three and six months ended June 30, 2026. All costs of this nature are presented in executive separation and Merger-related items in the condensed consolidated statements of operations. Amounts incurred during the three and six months ended June 30, 2025 were reclassified to conform to current year presentation.


	Three Months Ended				Six Months Ended
(in millions)	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025
Executive separation	$	7.0	$	—	$	7.0	$	—
Merger-related items	6.6		2.4		16.1		6.8
Total	$	13.6	$	2.4	$	23.1	$	6.8