XML 174 R40.htm IDEA: XBRL DOCUMENT
v3.25.2

Revenue (Tables) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2025 | 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:
|  | Three Months Ended March 31, |  |
|  | 2025 |  |  | 2024 |  |
Services transferred at a point in time: |  |  |  |  |  |  |
Flights |  | $ | 82,747 |  |  | $ | 76,119 |  |
Aircraft Management Services |  |  | 765 |  |  |  | — |  |
Services transferred over time: |  |  |  |  |  |  |
Memberships |  |  | 1,056 |  |  |  | 1,468 |  |
MRO |  |  | 1,761 |  |  |  | 1,490 |  |
Fractional ownership purchase price |  |  | 1,796 |  |  |  | 895 |  |
|  | $ | 88,125 |  |  | $ | 79,972 |  |
| 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 for the three months ended March 31, 2025:
|  | Amount |
Balance as of December 31, 2024 |  | $ | 149,517 |
Revenue recognized |  |  | 76,370 |
Revenue deferred |  |  | (78,773 | )
Balance as of March 31, 2025 |  | $ | 147,114 |
| 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

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
Name: | us-gaap_ContractWithCustomerAssetAndLiabilityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration