v3.25.1
Revenue (Tables)
12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
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)20242023
Services transferred at a point in time:
Flights$308,283 $303,299 
Aircraft Management Services1,942 — 
Services transferred over time:
Memberships4,005 5,458 
MRO7,166 4,606 
Fractional ownership purchase price5,877 1,999 
$327,274 $315,362 
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 deferred219,246 
Balance as of December 31, 202393,940 
Revenue recognized(249,770)
Revenue deferred305,346 
Balance as of December 31, 2024$149,517