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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net lncome $ 2,820,000 $ 526,000
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation expense 4,666,000 2,248,000
Credit losses 273,000  
Loss on sale of spare parts 7,000 72,000
Amortization of debt issue costs 103,000 183,000
Amortization of operating lease right of use assets 3,368,000 3,844,000
Share-based payments 497,000 536,000
Interest on finance leases 1,719,000 1,086,000
Changes in assets and liabilities:    
Accounts receivable 1,747,000 (2,193,000)
Assets held for sale 254,000 (3,000)
Prepaid expenses and other current assets (739,000) (47,000)
Accounts payable 1,146,000 224,000
Accrued liabilities (2,113,000) (1,128,000)
Operating lease obligations (3,494,000) (4,124,000)
Other liabilities (1,242,000) (1,118,000)
Net cash provided by operating activities 9,012,000 106,000
CASH FLOWS FROM INVESTING ACTIVITIES    
Deposits, deferred costs and other assets (2,336,000) (142,000)
Purchases of property and equipment (3,694,000) (2,732,000)
Net cash used in investing activities (6,030,000) (2,874,000)
CASH FLOWS FROM FINANCING ACTIVITIES    
Principal payments on finance leases (2,657,000) (1,067,000)
Principal payments on note payable (848,000)  
Proceeds on issuance of shares   15,000
Net cash used in financing activities (3,505,000) (1,052,000)
Net decrease in cash, cash equivalents, and restricted cash (523,000) (3,820,000)
Cash, cash equivalents and restricted cash - beginning of the period 20,503,000 14,043,000
Cash, cash equivalents and restricted cash - end of the period 19,980,000 10,223,000
Non-cash investing and financing activities    
Reclass of Property and equipment to Accounts receivable (aircraft receivable) and prepaid expenses and other current assets (deferred maintenance)   117,000
Aircraft acquired through finance leases 6,289,000  
Equipment acquired through finance leases   3,453,000
Cash paid for    
Interest $ 4,455,000 $ 3,765,000