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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2024
Sep. 30, 2023
Current assets:    
Cash and cash equivalents $ 18,529 $ 32,940
Restricted cash 2,984 3,132
Receivables, net ($1,026 and $4,016 from related party) 4,650 8,253
Expendable parts and supplies, net 29,474 29,245
Assets held for sale 38,250 57,722
Prepaid expenses and other current assets 4,550 7,294
Total current assets 98,437 138,586
Property and equipment, net 529,479 698,022
Lease and equipment deposits 1,289 1,630
Operating lease right-of-use assets 8,074 9,709
Deferred heavy maintenance, net 6,466 7,974
Assets held for sale 41,970 12,000
Other assets 20,558 30,546
Total assets 706,273 898,467
Current liabilities:    
Current portion of long-term debt and finance leases ($2,376 and $20,500 from related party) 94,373 163,550
Current portion of deferred revenue 2,809 4,880
Current maturities of operating leases 2,334 3,510
Accounts payable 57,347 58,957
Accrued compensation 13,415 10,008
Other accrued expenses 26,525 27,001
Total current liabilities 196,803 267,906
Noncurrent liabilities:    
Long-term debt and finance leases, excluding current portion ($35,642 and $30,630 from related party) 299,040 364,728
Noncurrent operating lease liabilities 7,309 8,077
Deferred credits from related party 3,720 4,617
Deferred income taxes 8,907 8,414
Deferred revenue, net of current portion 7,347 16,167
Other noncurrent liabilities 28,475 28,522
Total noncurrent liabilities 354,798 430,525
Total liabilities 551,601 698,431
Commitments and contingencies (Note 15)
Stockholders' equity:    
Common stock of no par value and additional paid-in capital, 125,000,000 shares authorized; 41,172,218 (2024) and 40,940,326 (2023) shares issued and outstanding, 4,899,497 (2024) and 4,899,497 (2023) warrants issued and outstanding 271,981 271,155
Accumulated deficit (117,309) (71,119)
Total stockholders' equity 154,672 200,036
Total liabilities and stockholders' equity $ 706,273 $ 898,467