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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Revenues    
Total Operating Revenues $ 43,657 $ 52,614
Operating Expenses    
Payroll and related costs 31,508 29,768
Aircraft fuel and oil 52 102
Aircraft maintenance, materials and repairs 12,118 19,349
Other rents 1,696 1,594
Depreciation, amortization and obsolescence 6,355 6,357
Purchased services and other 2,862 4,442
Total Operating Expenses 54,591 61,612
Loss from Operations (10,934) (8,998)
Other Income (Expense)    
Interest and dividend income 755 1,150
Interest expense 0 (1)
Gain on marketable securities and long-term restricted investments (SESP) 379 1,740
Other, net (1) (13)
Total Other Income 1,133 2,876
Net Loss Before Taxes (9,801) (6,122)
Income Tax Benefit (234) (1,207)
Net Loss (9,567) (4,915)
Preferred stock dividends 466 252
Net loss available to common stockholders $ (10,033) $ (5,167)
Basic Loss per share (in dollars per share) $ (0.23) $ (0.11)
Diluted Loss per share (in dollars per share) $ (0.23) $ (0.11)
Weighted average common shares:    
Basic (in shares) 42,888,337 44,979,947
Diluted (in shares) 42,888,337 44,979,947
Contract revenues    
Operating Revenues    
Total Operating Revenues $ 43,655 $ 52,519
Contract services and other    
Operating Revenues    
Total Operating Revenues $ 2 $ 95