v3.26.3
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash Flows from Operating Activities    
Net income (loss) $ 30 $ (17,175)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:    
Depreciation, amortization and obsolescence allowance 8,916 26,051
Amortization of engine overhauls 1,310 3,527
Deferred income taxes (6,529) (1,426)
Gain on disposal of fixed assets (14,937) (648)
Gain on marketable securities (2,027) (1,015)
Changes in operating assets and liabilities:    
Accounts receivable 4,225 (1,788)
Sales lease receivable 578 394
Spare parts and supplies 453 (589)
Prepaid expenses and other (363) 613
Operating lease right-of-use asset 211 228
Accounts payable (9,532) 2,510
Accrued payroll and employee benefits (5,916) 920
Other accrued expenses 2 (6)
Income taxes payable (312) 312
Contract liabilities (4,190) 1,106
Payments under Deferred compensation liability (SESP) (3,226) 0
Other long-term liabilities (992) 271
Net Cash (Used in) Provided by Operating Activities (32,299) 13,285
Cash Flows from Investing Activities    
Additions to property and equipment (494) (2,900)
Proceeds on disposition of property and equipment 16,044 839
Purchase of marketable securities (4,303) (9,232)
Sale of marketable securities 19,586 5,954
Net Cash Provided by (Used in) Investing Activities 30,833 (5,339)
Cash Flows from Financing Activities    
Dividends paid on preferred stock 0 (1,092)
Series C stock redemption 0 (10,710)
Repurchase of common stock (46) (2,056)
Net Cash Used in Financing Activities (46) (13,858)
Decrease in Cash, Cash Equivalents and Restricted Cash (1,512) (5,912)
Cash, Cash Equivalents and Restricted Cash, beginning of year 15,619 21,531
Cash, Cash Equivalents and Restricted Cash, end of year $ 14,107 $ 15,619