Segment Information (Tables)

3 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Segment data is summarized as follows (in thousands):

(In Thousands)	Three Months Ended June 30,
	2023		2022
Operating Revenues by Segment:
Overnight Air Cargo:
Domestic	$	27,137	$	20,564
International	591		—
Total Overnight Air Cargo	27,728		20,564
Ground Equipment Sales:
Domestic	11,698		3,907
International	89		1,908
Total Ground Equipment Sales	11,787		5,815
Commercial Jet Engines and Parts:
Domestic	21,968		16,732
International	7,878		6,123
Total Commercial Jet Engines and Parts	29,846		22,855
Corporate and Other:
Domestic	919		749
International	1,151		879
Total Corporate and Other	2,070		1,628
Total	71,431		50,862
Operating Income (Loss):
Overnight Air Cargo	1,935		1,077
Ground Equipment Sales	(85)		142
Commercial Jet Engines and Parts	1,478		3,074
Corporate and Other	(2,670)		(3,459)
Total	658		834
Capital Expenditures:
Overnight Air Cargo	158		99
Ground Equipment Sales	33		9
Commercial Jet Engines and Parts	120		74
Corporate and Other	93		189
Total	404		371
Depreciation and Amortization:
Overnight Air Cargo	85		20
Ground Equipment Sales	34		49
Commercial Jet Engines and Parts	190		434
Corporate and Other	381		358
Total	$	690	$	861

Schedule of EBITDA

The table below provides a reconciliation of operating income (loss) to Adjusted EBITDA by reportable segment for the three months ended June 30, 2023 and 2022 (in thousands):

	Three Months Ended June 30, 2023
	Overnight Air Cargo		Ground Equipment Sales		Commercial Jet Engines and Parts		Corporate and Other		Total
Operating income (loss)	$	1,935	$	(85)	$	1,478	$	(2,670)	$	658
Depreciation and amortization (excluding leased engines depreciation)	85		34		190		381		690
Gain on sale of property and equipment	(6)		—		—		—		(6)
Securities expenses	—		—		—		45		45
Adjusted EBITDA	$	2,014	$	(51)	$	1,668	$	(2,244)	$	1,387

	Three Months Ended June 30, 2022
	Overnight Air Cargo		Ground Equipment Sales		Commercial Jet Engines and Parts		Corporate and Other		Total
Operating income (loss)	$	1,077	$	142	$	3,074	$	(3,459)	$	834
Depreciation and amortization (excluding leased engines depreciation)	19		49		179		358		605
Gain on sale of property and equipment	—		—		(2)		—		(2)
Securities expenses	—		—		—		15		15
Adjusted EBITDA	$	1,096	$	191	$	3,251	$	(3,086)	$	1,452