REVENUE (Tables)

9 Months Ended

Sep. 30, 2022

Revenue from Contract with Customer [Abstract]

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


	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Services transferred at a point in time:
Flights, net of discounts and incentives	$	278,917	$	218,360	$	799,351	$	621,494
Aircraft management	56,558		55,388		172,914		151,405
Other	58,728		6,679		121,695		16,418

Services transferred over time:
Memberships	22,409		17,982		67,076		49,144
Aircraft management	2,404		2,617		7,272		7,435
Other	1,340		952		3,195		3,319
Total	$	420,356	$	301,978	$	1,171,503	$	849,215

Schedule of Deferred Revenue

Deferred revenue consists of the following (in thousands):


	September 30, 2022		December 31, 2021
Flights - Prepaid Blocks and jet cards	$	916,372	$	876,750
Memberships - annual dues	42,688		47,069
Memberships - initiation fees	4,119		4,072
Flights - credits	4,438		6,633
Other	635		960
Deferred revenue - total	968,252		935,484

Less: Deferred revenue - current	(966,367)		(933,527)
Deferred revenue - non-current	$	1,885	$	1,957

Changes in deferred revenue for the nine months ended September 30, 2022 were as follows (in thousands):


Deferred revenue - beginning balance	$	935,484
Amounts deferred during the period	954,042
Revenue recognized from amounts included in the deferred revenue beginning balance	(509,962)
Revenue from current period sales	(411,312)
Deferred revenue - ending balance	$	968,252