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Segment Information (Tables)
3 Months Ended
Jun. 30, 2024
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,
20242023
Operating Revenues by Segment:
Overnight Air Cargo:
Domestic$29,543 $27,137 
International840 591 
Total Overnight Air Cargo30,383 27,728 
Ground Equipment Sales:
Domestic5,798 11,698 
International1,556 89 
Total Ground Equipment Sales7,354 11,787 
Commercial Jet Engines and Parts:
Domestic18,460 21,968 
International7,790 7,878 
Total Commercial Jet Engines and Parts26,250 29,846 
Corporate and Other:
Domestic1,123 919 
International1,301 1,151 
Total Corporate and Other2,424 2,070 
Total66,411 71,431 
Operating Income (Loss):
Overnight Air Cargo1,839 1,935 
Ground Equipment Sales(775)(85)
Commercial Jet Engines and Parts1,095 1,478 
Corporate and Other(2,736)(2,670)
Total(577)658 
Capital Expenditures:
Overnight Air Cargo191 158 
Ground Equipment Sales54 33 
Commercial Jet Engines and Parts62 120 
Corporate and Other32 93 
Total339 404 
Depreciation and Amortization:
Overnight Air Cargo97 85 
Ground Equipment Sales95 34 
Commercial Jet Engines and Parts191 190 
Corporate and Other377 381 
Total$760 $690 
Schedule of EBITDA
The table below provides a reconciliation of operating income (loss) to Adjusted EBITDA for the three months ended June 30, 2024 and 2023 (in thousands):
Three Months Ended June 30, 2024Three Months Ended June 30, 2023
Operating (loss) income$(577)$658 
Depreciation and amortization (excluding leased engines depreciation)760 690 
Asset impairment, restructuring or impairment charges1378 — 
Gain on sale of property and equipment— (6)
TruPs issuance expenses101 45 
Adjusted EBITDA$662 $1,387