XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating Revenues        
Total Operating Revenues $ 53,573 $ 50,056 $ 144,369 $ 151,581
Operating Expenses        
Payroll and related costs 31,049 29,444 92,766 89,165
Aircraft fuel and oil 76 115 208 438
Aircraft maintenance, materials and repairs 16,223 11,175 43,537 48,393
Other rents 1,674 1,459 5,050 4,527
Depreciation, amortization and obsolescence 6,523 6,398 19,114 19,125
Purchased services and other 3,567 6,537 9,686 18,511
Total Operating Expenses 59,112 55,128 170,361 180,159
Loss from Operations (5,539) (5,072) (25,992) (28,578)
Other Income (Expense)        
Interest and dividend income 1,090 1,296 2,750 3,636
Interest expense (3) 0 (6) (12)
Gain (loss) on marketable securities and long-term restricted investments (SESP) 2,252 (955) 3,154 (10)
Gain on extinguishment of debt 0 0 0 70
Other, net (4) 0 (7) (14)
Total Other Income 3,335 341 5,891 3,670
Net Loss Before Taxes (2,204) (4,731) (20,101) (24,908)
Income Tax Provision (Benefit) 33 (582) (446) (3,856)
Net Loss (2,237) (4,149) (19,655) (21,052)
Preferred stock dividends 0 358 985 915
Net loss available to common stockholders $ (2,237) $ (4,507) $ (20,640) $ (21,967)
Basic Loss per share (in dollars per share) $ (0.04) $ (0.10) $ (0.43) $ (0.50)
Diluted Loss per share (in dollars per share) $ (0.04) $ (0.10) $ (0.43) $ (0.50)
Weighted average common shares:        
Basic (in shares) 58,558,662 43,653,627 48,126,263 44,298,542
Diluted (in shares) 58,558,662 43,653,627 48,126,263 44,298,542
Contract revenues        
Operating Revenues        
Total Operating Revenues $ 53,570 $ 49,958 $ 144,362 $ 151,286
Contract services and other        
Operating Revenues        
Total Operating Revenues $ 3 $ 98 $ 7 $ 295