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DISCONTINUED OPERATIONS
 9 Months Ended
Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS
In September 2024, we announced an agreement with flyExclusive to transition our fleet operations to flyExclusive. This move is expected to bring substantial cost savings and provide Volato with the opportunity to focus on what it believes to be its high-growth areas, including aircraft sales and proprietary software. We will continue to take delivery of new aircraft, and these aircraft may become part of flyExclusive's managed fleet. Volato will benefit from the margins on aircraft sales without the burden of operational costs, while also generating revenue from our proprietary software, including the Vaunt program, Volato’s successful empty leg consumer app.


Major classes of line items constituting loss from discontinued operations is as follows:

Three Months Ended
September 30,		Nine Months Ended
September 30,
2024202320242023
Revenue - Aircraft usage$8,730 $9,527 $32,476 $25,928 
Costs of Revenue - Aircraft usage 11,177 14,159 43,091 36,388 
Selling, general and administrative4,798 4,631 17,449 13,347 
Gain (loss) from sale of equity method investment(165)— (165)883 
Other Income from discontinued operations4,312 — 4,312 — 
Loss from discontinued operations$(3,098)$(9,263)$(23,917)$(22,924)


Carrying amounts of major classes of assets included as part of discontinued operations is a follows:

September 30, 2024December 31, 2023
Accounts receivable $582 $2,548 
Prepaid and other assets 319 1,659 
Operating lease, right-of-use assets 1,061 1,278 
Equity-method investment— 154 
Total assets associated with discontinued operations$1,962 $5,639 

Carry amounts of major classes of liabilities included as part of discontinued operations is as follows:

September 30, 2024December 31, 2023
Accounts payable and accrued liabilities$5,215 $3,360 
Operating lease liability 1,078 1,291 
Customer deposits and deferred revenue10,780 10,026 
Total liabilities associated with discontinued operations$17,073 $14,677