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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (173,188) $ (46,190)
Adjustments to reconcile net loss to net cash flows (used in) provided by operating activities:    
Depreciation and amortization 13,934 23,116
Stock compensation expense 543 799
Unrealized loss on investments, net 53 4,048
Realized gain on investments   (7,230)
Deferred income taxes (7,576) 493
Amortization of deferred credits (4,126) (573)
Amortization of debt discount and issuance costs and accretion of interest into long-term debt 3,514 5,408
Asset impairment 111,838 43,043
Loss on sale of assets 54,397 150
(Gain) on extinguishment of debt   (2,954)
(Gain) on debt forgiveness (4,500) (10,500)
Other 4,081 2,362
Changes in assets and liabilities:    
Receivables (12,358) 3,603
Expendable parts and supplies (4,255) (229)
Prepaid expenses and other operating assets and liabilities 714 2,691
Accounts payable (16,124) (1,007)
Deferred revenue 4,951 (10,552)
Accrued expenses and other liabilities (5,910) 2,219
Operating lease right-of-use assets and liabilities 61 (309)
Net cash (used in) provided by operating activities (33,951) 8,388
Cash flows from investing activities:    
Capital expenditures (4,307) (13,192)
Proceeds from sale of aircraft and engines 182,121 107,735
Investment transaction costs   (380)
Refund of equipment and other deposits 155 341
Net cash provided by investing activities 177,969 94,504
Cash flows from financing activities:    
Proceeds from long-term debt   86,855
Principal payments on long-term debt and finance leases (105,488) (203,431)
Debt prepayment costs   (922)
Proceeds from issuance of ESPP   48
Payment of tax withholding for RSUs (1) (1)
Net cash used in financing activities (105,489) (117,451)
Net change in cash, cash equivalents and restricted cash 38,529 (14,559)
Cash, cash equivalents and restricted cash at beginning of period 18,630 36,072
Cash, cash equivalents and restricted cash at end of period 57,159 21,513
Supplemental cash flow information    
Cash paid for interest 8,777 16,388
Operating lease payments in operating cash flows 1,417 2,858
Supplemental non-cash operating activities    
Right-of-use assets obtained in exchange for lease liabilities 2,097 419
Supplemental non-cash financing activities    
Principal payments in exchange for transfer of aircraft 73,362  
Principal payments in exchange for transfer of equity investment   12,610
Principal forgiven $ 4,500 $ 10,500