v3.26.1
Revenue (Tables)
6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue by Service Type

Disaggregation of Revenue

The following table disaggregates revenue by service type and the timing of when these services are provided to the member or customer:

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Services transferred at a point in time:

 

 

 

 

 

 

 

 

 

 

 

 

Flights

 

$

104,205

 

 

$

85,770

 

 

$

196,442

 

 

$

168,516

 

Aircraft Management Services

 

 

260

 

 

 

552

 

 

 

595

 

 

 

1,317

 

Services transferred over time:

 

 

 

 

 

 

 

 

 

 

 

 

Memberships

 

 

(540

)

 

 

266

 

 

 

(656

)

 

 

1,323

 

MRO

 

 

4,366

 

 

 

2,872

 

 

 

6,374

 

 

 

4,633

 

Fractional ownership purchase price

 

 

2,833

 

 

 

1,872

 

 

 

4,719

 

 

 

3,668

 

 

$

111,124

 

 

$

91,332

 

 

$

207,474

 

 

$

179,457

 

Schedule of Rollforward of Deferred Revenue

The following table provides a rollforward of deferred revenue for the six months ended June 30, 2026 and 2025:

 

 

 

 

 

 

2026

 

 

2025

 

Balance as of January 1

 

$

162,319

 

 

$

149,517

 

Revenue recognized

 

 

(165,484

)

 

 

(160,006

)

Revenue deferred

 

 

163,013

 

 

 

154,852

 

Balance as of June 30

 

$

159,848

 

 

$

144,363