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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income $ 1,449 $ 1,143
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 10,240 4,855
Credit losses 273 111
Loss on sale of spare parts 11 63
Amortization of debt issue costs 354 377
Amortization of operating lease right of use assets 6,690 7,955
Share-based payments 1,135 1,339
Interest on finance leases 3,623 2,181
Changes in assets and liabilities:    
Accounts receivable 1,900 29
Assets held for sale 258 8
Prepaid expenses and other current assets (1,877) (1,289)
Accounts payable 593 620
Accrued liabilities, deferred revenue and customer deposits (6,082) 2,206
Operating lease obligations (7,049) (8,440)
Other liabilities (4,110) (2,215)
Net cash provided by operating activities 7,408 8,943
CASH FLOWS FROM INVESTING ACTIVITIES    
Deposits, deferred costs and other assets (3,574) (1,189)
Purchases of property and equipment (6,174) (5,425)
Net cash used in investing activities (9,748) (6,614)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on finance leases (4,661) (2,360)
Principal payments on note payable (1,701)  
Proceeds on issuance of shares 142 207
Dividends (60) (148)
Proceeds from disgorgement of stockholders' short-swing profits   12
Net cash used in financing activities (6,280) (2,289)
Net (decrease) increase in cash, cash equivalents, and restricted cash (8,620) 40
Cash, cash equivalents and restricted cash - beginning of the period 20,503 14,043
Cash, cash equivalents and restricted cash - end of the period 11,883 14,083
Non-cash investing and financing activities    
Reclass of property and equipment to accounts receivable (aircraft receivable) and prepaid expenses and other current assets (deferred maintenance)   117
Right-of-use (ROU) assets acquired through operating leases 12,961 383
Right-of-use (ROU) assets reclassification of existing lease 6,491  
Aircraft acquired through finance leases 11,477  
Equipment acquired through finance leases   3,453
Cash paid for    
Interest $ 6,697 $ 4,552