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Revenue (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2025

Dec. 31, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue by Service Type

Disaggregation of Revenue

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,
		2025				2024				2025				2024
Services transferred at a point in time:
Flights		$	85,770			$	74,384			$	168,516			$	150,504
Aircraft Management Services			552				—				1,317				—
Services transferred over time:
Memberships			266				1,339				1,323				2,806
MRO			2,872				2,244				4,633				3,734
Fractional ownership purchase price			1,872				1,046				3,668				1,941
		$	91,332			$	79,013			$	179,457			$	158,985

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 six months ended June 30, 2025:

		Amount
Balance as of December 31, 2024		$	149,517
Revenue recognized			(160,006	)
Revenue deferred			154,852
Balance as of June 30, 2025		$	144,363

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

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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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- References

No definition available.

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