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Segment Information (Tables) | 3 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment | Segment data is summarized as follows (in thousands):
(In Thousands) | Three Months Ended June 30,
| 2023 |  | 2022
Operating Revenues by Segment: |  |  |
Overnight Air Cargo: |  |  |
Domestic | $ | 27,137 |  |  | $ | 20,564 |
International | 591 |  |  | — |
Total Overnight Air Cargo | 27,728 |  |  | 20,564 |
Ground Equipment Sales: |  |  |
Domestic | 11,698 |  |  | 3,907 |
International | 89 |  |  | 1,908 |
Total Ground Equipment Sales | 11,787 |  |  | 5,815 |
Commercial Jet Engines and Parts: |  |  |
Domestic | 21,968 |  |  | 16,732 |
International | 7,878 |  |  | 6,123 |
Total Commercial Jet Engines and Parts | 29,846 |  |  | 22,855 |
Corporate and Other: |  |  |
Domestic | 919 |  |  | 749 |
International | 1,151 |  |  | 879 |
Total Corporate and Other | 2,070 |  |  | 1,628 |
Total | 71,431 |  |  | 50,862 |
Operating Income (Loss): |  |  |
Overnight Air Cargo | 1,935 |  |  | 1,077 |
Ground Equipment Sales | (85) |  |  | 142 |
Commercial Jet Engines and Parts | 1,478 |  |  | 3,074 |
Corporate and Other | (2,670) |  |  | (3,459) |
Total | 658 |  |  | 834 |
Capital Expenditures: |  |  |
Overnight Air Cargo | 158 |  |  | 99 |
Ground Equipment Sales | 33 |  |  | 9 |
Commercial Jet Engines and Parts | 120 |  |  | 74 |
Corporate and Other | 93 |  |  | 189 |
Total | 404 |  |  | 371 |
Depreciation and Amortization: |  |  |
Overnight Air Cargo | 85 |  |  | 20 |
Ground Equipment Sales | 34 |  |  | 49 |
Commercial Jet Engines and Parts | 190 |  |  | 434 |
Corporate and Other | 381 |  |  | 358 |
Total | $ | 690 |  |  | $ | 861 |
Schedule of EBITDA | The table below provides a reconciliation of operating income (loss) to Adjusted EBITDA by reportable segment for the three months ended June 30, 2023 and 2022 (in thousands):
| Three Months Ended June 30, 2023 |  |
| Overnight Air Cargo |  | Ground Equipment Sales |  | Commercial Jet Engines and Parts |  | Corporate and Other |  | Total
Operating income (loss) | $ | 1,935 |  |  | $ | (85) |  |  | $ | 1,478 |  |  | $ | (2,670) |  |  | $ | 658 |
Depreciation and amortization (excluding leased engines depreciation) | 85 |  |  | 34 |  |  | 190 |  |  | 381 |  |  | 690 |
Gain on sale of property and equipment | (6) |  |  | — |  |  | — |  |  | — |  |  | (6) |
Securities expenses | — |  |  | — |  |  | — |  |  | 45 |  | 45 |
Adjusted EBITDA | $ | 2,014 |  |  | $ | (51) |  |  | $ | 1,668 |  |  | $ | (2,244) |  |  | $ | 1,387 |
| Three Months Ended June 30, 2022 |  |
| Overnight Air Cargo |  | Ground Equipment Sales |  | Commercial Jet Engines and Parts |  | Corporate and Other |  | Total
Operating income (loss) | $ | 1,077 |  |  | $ | 142 |  |  | $ | 3,074 |  |  | $ | (3,459) |  |  | $ | 834 |
Depreciation and amortization (excluding leased engines depreciation) | 19 |  |  | 49 |  |  | 179 |  |  | 358 |  |  | 605 |
Gain on sale of property and equipment | — |  |  | — |  |  | (2) |  |  | — |  |  | (2) |
Securities expenses | — |  |  | — |  |  | — |  |  | 15 |  |  | 15 |
Adjusted EBITDA | $ | 1,096 |  |  | $ | 191 |  |  | $ | 3,251 |  |  | $ | (3,086) |  |  | $ | 1,452 |

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