v3.25.1
Revenue (Tables)
12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue by Service Type

The following table disaggregates revenue by service type and the timing of when these services are provided to the member or customer:

 

 

 

 

 

Year Ended December 31,

(in thousands)

 

 

 

2024

 

 

 

2023

Services transferred at a point in time:

 

 

 

 

 

 

 

 

Flights

 

 

$

308,283

 

 

$

303,299

Aircraft Management Services

 

 

 

1,942

 

 

 

—

Services transferred over time:

 

 

 

 

 

 

 

 

Memberships

 

 

 

4,005

 

 

 

5,458

MRO

 

 

 

7,166

 

 

 

4,606

Fractional ownership purchase price

 

 

 

5,877

 

 

 

1,999

 

 

 

$

327,274

 

 

$

315,362

Schedule of Rollforward of Deferred Revenue

The following tables provide a rollforward of deferred revenue:

 

(in thousands)

 

 

 

Amount

Balance as of December 31, 2022

 

 

   $

60,602

Revenue recognized

 

 

 

(185,908)

Revenue deferred

 

 

 

219,246

Balance as of December 31, 2023

 

 

 

93,940

Revenue recognized

 

 

 

(249,770)

Revenue deferred

 

 

 

305,346

Balance as of December 31, 2024

 

 

   $

149,517