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Revenue (Tables)

6 Months Ended

Jun. 30, 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)			2023						2022
Services transferred at a point in time:
Flights			$	303,299					$	314,039
Services transferred over time:
Memberships			5,458						3,939
MRO			4,606						1,556
Fractional ownership purchase price			1,999						508
			$	315,362					$	320,042

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

			Three Months Ended June 30,												Six Months Ended June 30,
			2024						2023						2024						2023
Services transferred at a point in time:
Flights			$	74,384					$	97,428					$	150,504					$	172,029
Services transferred over time:
Memberships			1,339						1,437						2,806						2,915
MRO			2,244						1,113						3,734						1,817
Fractional ownership purchase price			1,046						360						1,941						609
			$	79,013					$	100,338					$	158,985					$	177,370

Rollforward of Deferred Revenue

The following tables provide a rollforward of deferred revenue:

(In thousands)			Amount
Balance as of December 31, 2021			$	32,795
Revenue recognized			(179,355)
Revenue deferred			207,162
Balance as of December 31, 2022			60,602
Revenue recognized			(185,908)
Revenue deferred			219,246
Balance as of December 31, 2023			$	93,940

The following tables provide a rollforward of deferred revenue for the six months ended June 30, 2024:

			Amount
Balance as of December 31, 2023			$	93,940
Revenue recognized			127,990
Revenue deferred			(130,787)
Balance as of June 30, 2024			$	91,143

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

+ Details

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X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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X

- References

No definition available.

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