Segment Information (Tables)

6 Months Ended

Sep. 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 September 30,				Six Months Ended September 30,
	2023		2022		2023		2022
Operating Revenues by Segment:
Overnight Air Cargo
Domestic	$	28,099	$	22,069	$	55,236	$	42,633
International	98		—		689		—
Total Overnight Air Cargo	28,197		22,069		55,925		42,633
Ground Equipment Sales:
Domestic	8,833		14,913		20,532		18,821
International	3,413		3,106		3,501		5,013
Total Ground Equipment Sales	12,246		18,019		24,033		23,834
Commercial Jet Engines and Parts:
Domestic	28,763		11,611		50,730		28,343
International	7,715		7,375		15,594		13,498
Total Commercial Jet Engines and Parts	36,478		18,986		66,324		41,841
Corporate and Other:
Domestic	1,019		778		1,937		1,526
International	1,026		836		2,178		1,716
Total Corporate and Other	2,045		1,614		4,115		3,242
Total	78,966		60,688		150,397		111,550
Operating Income (Loss):
Overnight Air Cargo	2,039		845		3,974		1,922
Ground Equipment Sales	(12)		1,887		(97)		2,029
Commercial Jet Engines and Parts	1,152		(204)		2,629		2,870
Corporate and Other	(2,418)		(2,349)		(5,084)		(5,809)
Total	761		179		1,422		1,012
Capital Expenditures:
Overnight Air Cargo	46		92		204		191
Ground Equipment Sales	25		6		58		16
Commercial Jet Engines and Parts	21		278		141		352
Corporate and Other	61		43		154		232
Total	153		419		557		791
Depreciation and Amortization:
Overnight Air Cargo	90		23		175		42
Ground Equipment Sales	35		46		70		95
Commercial Jet Engines and Parts	189		563		380		996
Corporate and Other	386		394		764		755
Total	$	700	$	1,026	$	1,389	$	1,888

Schedule of EBITDA

The table below provides a reconciliation of operating income (loss) to Adjusted EBITDA for the six months ended September 30, 2023 and 2022 (in thousands):

	Six Months Ended September 30, 2023
		Total
Operating income		$	1,422
Depreciation and amortization (excluding leased engines depreciation)		1,389
Asset impairment, restructuring or impairment charges		5
Gain on sale of property and equipment		(8)
TruPs issuance expenses		93
Adjusted EBITDA		$	2,901

	Six Months Ended September 30, 2022
		Total
Operating income		$	1,012
Depreciation and amortization (excluding leased engines depreciation)		1,252
Asset impairment, restructuring or impairment charges		1,536
Gain on sale of property and equipment		(2)
TruPs issuance expenses		34
Adjusted EBITDA		$	3,832