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CONDENSED CONSOLIDATED STATEMENTS OF MEZZANINE EQUITY AND SHAREHOLDERS’ EQUITY - USD ($)
$ in Millions
Total
Common Stock
Additional Paid-In Capital
Accumulated Earnings
Temporary equity, beginning balance (in shares) at Dec. 31, 2024 [1] 102,901      
Temporary equity, beginning balance at Dec. 31, 2024 [1] $ 5.8      
Increase (Decrease) in Temporary Equity [Roll Forward]        
Share based compensation [1] $ 0.7      
Temporary equity, ending balance (in shares) at Mar. 31, 2025 [1] 102,901      
Temporary equity, ending balance at Mar. 31, 2025 [1] $ 6.5      
Stockholders' equity, beginning balance (in shares) at Dec. 31, 2024 [1]   38,993,300    
Stockholders' equity, beginning balance at Dec. 31, 2024 1,110.5 $ 0.0 [1] $ 478.0 $ 632.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income 27.1     27.1
Share based compensation 0.0   0.0  
Stockholders' equity, ending balance (in shares) at Mar. 31, 2025 [1]   38,993,300    
Stockholders' equity, ending balance at Mar. 31, 2025 $ 1,137.6 $ 0.0 [1] 478.0 659.6
Temporary equity, beginning balance (in shares) at Dec. 31, 2025 [1] 0      
Temporary equity, beginning balance at Dec. 31, 2025 [1] $ 0.0      
Increase (Decrease) in Temporary Equity [Roll Forward]        
Share based compensation [1] $ 0.0      
Temporary equity, ending balance (in shares) at Mar. 31, 2026 [1] 0      
Temporary equity, ending balance at Mar. 31, 2026 [1] $ 0.0      
Stockholders' equity, beginning balance (in shares) at Dec. 31, 2025 45,713,286 45,713,286 [1]    
Stockholders' equity, beginning balance at Dec. 31, 2025 $ 1,328.5 $ 0.0 [1] 620.0 708.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Net income 26.9     26.9
Share based compensation 3.7   3.7  
Repurchase and retirement of common stock (in shares)   (109,106)    
Settlement of U.S. Treasury Warrants $ (7.4)   (7.4)  
Stockholders' equity, ending balance (in shares) at Mar. 31, 2026 45,604,180 45,604,180 [1]    
Stockholders' equity, ending balance at Mar. 31, 2026 $ 1,351.7 $ 0.0 [1] $ 616.3 $ 735.4
[1] Mezzanine equity and shareholders’ equity have been retrospectively adjusted to apply the Exchange and Reverse Stock Split as discussed in Note 3, Merger with Mesa Air Group, Inc.