v3.25.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Income Statement [Abstract]    
Revenues [1] $ 15,646 $ 5,507
Cost of revenues:    
Flight operations 6,252 5,009
Maintenance 10,955 4,197
Total cost of revenues 17,207 9,206
Gross loss (1,561) (3,699)
Selling, general and administrative expense [2] 8,590 11,610
Operating loss (10,151) (15,309)
Interest expense [3] 5,735 5,923
Other income 599 1,159
Loss before income taxes (15,287) (20,073)
Income tax expense (251) (14)
Net loss (15,538) (20,087)
Series A Preferred Stock – adjustment to maximum redemptions value (6,561) (6,189)
Loss attributable to Common stockholders – basic (22,099) (26,276)
Loss attributable to Common stockholders - diluted $ (22,099) $ (26,276)
Loss per share - basic (in dollars per share) $ (0.41) $ (0.55)
Loss per share - diluted (in dollars per share) $ (0.41) $ (0.55)
Weighted average Common Stock outstanding – basic (in shares) 53,814,596 47,602,241
Weighted average Common Stock outstanding – diluted (in shares) 53,814,596 47,602,241
[1] Includes related party revenues of zero and $0.1 million for the three months ended March 31, 2025 and 2024, respectively.
[2] Includes related party cost of revenues of $1.0 million for the three months ended March 31, 2025 and 2024.
[3] Includes related party interest expense of zero and $0.3 million for the three months ended March 31, 2025 and 2024, respectively.

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