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SEGMENT INFORMATION (Tables)
 12 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment Segment data is summarized as follows (in thousands):
(In Thousands)Year Ended March 31,
20242023
Operating Revenues:
Overnight Air Cargo:
Domestic$114,809 $90,370 
International737 173 
Total Overnight Air Cargo115,546 90,543 
Ground Equipment Sales:
Domestic32,677 38,652 
International4,491 9,833 
Total Ground Equipment Sales37,168 48,485 
Commercial Jet Engines and Parts:
Domestic95,210 67,599 
International30,325 34,138 
Total Commercial Jet Engines and Parts125,535 101,737 
Corporate and Other:
Domestic3,930 2,952 
International4,655 3,606 
Total Corporate and Other8,585 6,558 
Total286,834 247,323 
Operating Income (Loss):
Overnight Air Cargo6,765 4,047 
Ground Equipment Sales(1,553)3,141 
Commercial Jet Engines and Parts4,169 (957)
Corporate and Other(8,117)(10,638)
Total1,264 (4,407)
Capital Expenditures:
Overnight Air Cargo535 307 
Ground Equipment Sales131 35 
Commercial Jet Engines and Parts238 572 
Corporate and Other172 293 
Total1,076 1,207 
Depreciation and Amortization:
Overnight Air Cargo366 115 
Ground Equipment Sales144 164 
Commercial Jet Engines and Parts756 2,382 
Corporate and Other1,532 1,501 
Total$2,798 $4,162 
Schedule of EBITDA
The table below provides a reconciliation of operating income (loss) to Adjusted EBITDA for the fiscal years ended March 31, 2024 and 2023 (in thousands):

Fiscal year 2024Fiscal year 2023
Operating income (loss) from continuing operations
1,264 (4,407)
Depreciation and amortization (excluding leased engines depreciation)2,798 2,525 
Asset impairment, restructuring or impairment charges1,195 7,840 
Loss on sale of property and equipment18 8 
TruPs issuance expenses347 63 
Adjusted EBITDA$5,622 $6,029