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Segment Information (Tables) | 3 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of Reportable Business Segments | The Company's four business segments are as follows:
Reportable Segment |  | Principal Business Activities
Overnight Air Cargo |  | Overnight Air Cargo primarily operates under its relationship with FedEx spanning over 40 years and represent two of eight companies in the U.S. that have North American feeder airlines under contract with FedEx. MAC and CSA operate and maintain Cessna Caravan, Sky Courier, ATR-42 and ATR-72 aircraft that fly daily small-package cargo routes throughout the eastern United States and upper Midwest, and in the Caribbean.
Commercial Aircraft, Engines and Parts (formerly known as Commercial Jet Engines and Parts) |  | The Commercial Aircraft, Engines and Parts segment manages and leases aviation assets; supplies surplus and aftermarket commercial jet engine components; provides commercial aircraft disassembly/part-out services; commercial aircraft parts sales; procurement services and overhaul and repair services to airlines
Ground Support Equipment (formerly known as Ground Support Sales) |  | Ground Support Equipment manufactures and provides mobile deicers and other specialized equipment products to passenger and cargo airlines, airports, the military and industrial customers.
Digital Solutions |  | Digital Solutions develops and provides digital aviation and other business services to customers within the aviation industry to generate recurring subscription revenues. Digital Solutions has historically been reported as part of the central corporate function referred to as Corporate and Other.
Schedule of Segment Reporting Information, by Segment | Segment data is summarized in the following tables (in thousands):
| Three Months Ended June 30, 2025
| Overnight Air Cargo |  | Commercial Aircraft, Engines and Parts |  | Ground Support Equipment |  | Digital Solutions |  | Total
Revenue from external customers | $ | 30,589 |  |  | $ | 21,960 |  |  | $ | 15,070 |  |  | $ | 2,096 |  |  | $ | 69,715 |
Intersegment revenue | 862 |  |  | 468 |  |  | — |  |  | — |  |  | 1,330 |
| 31,451 |  |  | 22,428 |  |  | 15,070 |  |  | 2,096 |  |  | 71,045 |
Reconciliation of revenue |  |  |  |  |  |  |  |  |
Other revenue1 |  |  |  |  |  |  |  |  | 1,199 |
Elimination of intersegment revenue2 |  |  |  |  |  |  |  |  | (1,374) |
Total consolidated revenue |  |  |  |  |  |  |  |  | $ | 70,870 |
Cost of sales: |  |  |  |  |  |  |  |  |
Cost of sales from external sources | 25,899 |  |  | 14,656 |  |  | 12,303 |  |  | 836 |  |  |
Intersegment operating expense | 862 |  |  | 436 |  |  | — |  |  | — |  |  |
| 26,761 |  |  | 15,092 |  |  | 12,303 |  |  | 836 |  |  |
Less:3 |  |  |  |  |  |  |  |  |
General and administrative | 3,086 |  |  | 6,123 |  |  | 1,393 |  |  | 1,302 |  |  | 11,904 |
Other segment items4 | 138 |  |  | 757 |  |  | 36 |  |  | 208 |  |  | 1,139 |
Segment profit (loss) | 1,466 |  |  | 456 |  |  | 1,338 |  |  | (250) |  |  | 3,010 |
Reconciliation of profit (loss) |  |  |  |  |  |  |  |  |
Other revenue 1 |  |  |  |  |  |  |  |  | 1,199 |
Other cost of sales 1 |  |  |  |  |  |  |  |  | (415) |
Other expenses 1 |  |  |  |  |  |  |  |  | (1,118) |
Interest expense |  |  |  |  |  |  |  |  | (2,314) |
Loss from equity method investments |  |  |  |  |  |  |  |  | (19) |
Other non-operating income |  |  |  |  |  |  |  |  | 678 |
Earnout remeasurement |  |  |  |  |  |  |  |  | 402 |
Other corporate expenses5 |  |  |  |  |  |  |  |  | (2,375) |
Elimination of intersegment profits |  |  |  |  |  |  |  |  | 145 |
Loss before income taxes |  |  |  |  |  |  |  |  | $ | (807) |
| Three Months Ended June 30, 2024
| Overnight Air Cargo |  | Commercial Aircraft, Engines and Parts |  | Ground Support Equipment |  | Digital Solutions |  | Total
Revenue from external customers | $ | 30,383 |  |  | $ | 26,250 |  |  | $ | 7,354 |  |  | $ | 1,678 |  |  | $ | 65,665 |
Intersegment revenue | — |  |  | 364 |  |  | — |  |  | — |  |  | 364 |
| 30,383 |  |  | 26,614 |  |  | 7,354 |  |  | 1,678 |  |  | 66,029 |
Reconciliation of revenue |  |  |  |  |  |  |  |  |
Other revenue1 |  |  |  |  |  |  |  |  | 789 |
Elimination of intersegment revenue2 |  |  |  |  |  |  |  |  | (407) |
Total consolidated revenue |  |  |  |  |  |  |  |  | $ | 66,411 |
Cost of sales: |  |  |  |  |  |  |  |  |
Cost of sales from external sources | 25,709 |  |  | 18,533 |  |  | 6,533 |  |  | 556 |  |  |
Intersegment operating expense | 8 |  |  | 289 |  |  | — |  |  | — |  |  |
| 25,717 |  |  | 18,822 |  |  | 6,533 |  |  | 556 |  |  |
Less:3 |  |  |  |  |  |  |  |  |
General and administrative | 2,738 |  |  | 6,519 |  |  | 1,501 |  |  | 1,388 |  |  | 12,146 |
Other segment items4 | 97 |  |  | 191 |  |  | 95 |  |  | 198 |  |  | 581 |
Segment profit (loss) | 1,831 |  |  | 1,082 |  |  | (775) |  |  | (464) |  |  | 1,674 |
Reconciliation of profit (loss) |  |  |  |  |  |  |  |  |
Other revenue 1 |  |  |  |  |  |  |  |  | 789 |
Other cost of sales 1 |  |  |  |  |  |  |  |  | (285) |
Other expenses 1 |  |  |  |  |  |  |  |  | (907) |
Interest expense |  |  |  |  |  |  |  |  | (1,946) |
Income from equity method investments |  |  |  |  |  |  |  |  | 1,923 |
Other non-operating income |  |  |  |  |  |  |  |  | 683 |
Earnout remeasurement |  |  |  |  |  |  |  |  | 20 |
Other corporate expenses5 |  |  |  |  |  |  |  |  | (1,943) |
Elimination of intersegment profits |  |  |  |  |  |  |  |  | 95 |
Loss before income taxes |  |  |  |  |  |  |  |  | $ | 103 |
| Three Months Ended June 30, 2025
| Overnight Air Cargo |  | Commercial Aircraft, Engines and Parts |  | Ground Support Equipment |  | Digital Solutions |  | Total Reportable segments |  | Corporate and Other |  | Total
Depreciation and amortization | $ | 138 |  |  | $ | 757 |  |  | $ | 36 |  |  | $ | 207 |  |  | $ | 1,138 |  |  | $ | 146 |  |  | $ | 1,284 |
Capital Expenditures | 65 |  |  | 166 |  |  | — |  |  | — |  |  | 231 |  |  | — |  |  | 231 |
| Three Months Ended June 30, 2024
| Overnight Air Cargo |  | Commercial Aircraft, Engines and Parts |  | Ground Support Equipment |  | Digital Solutions |  | Total Reportable segments |  | Corporate and Other |  | Total
Depreciation and amortization | $ | 97 |  |  | $ | 190 |  |  | $ | 95 |  |  | $ | 198 |  |  | $ | 580 |  |  | $ | 180 |  |  | $ | 760 |
Capital Expenditures | 191 |  |  | 62 |  |  | 54 |  |  | — |  |  | 307 |  |  | 32 |  |  | 339 |
Reconciliation of operating income (loss) and elimination of intersegment loss was as follows: |  |  |  |
| Three Months Ended June 30, 2025
(in thousands) | Overnight Air Cargo | Commercial Aircraft, Engines and Parts | Ground Support Equipment | Digital Solutions | Reportable Segment Total | Corporate and Other | Eliminations | Total
Operating income (loss) from external sources | $ | 1,466 |  | $ | 551 |  | $ | 1,338 |  | $ | (250) |  | $ | 3,105 |  | $ | (2,659) |  | $ | — |  | $ | 446 |
Intersegment operating (loss) income | — |  | (95) |  | — |  | — |  | (95) |  | (50) |  | 145 |  | — |
Operating income (loss) | 1,466 |  | 456 |  | 1,338 |  | (250) |  | 3,010 |  | (2,709) |  | 145 |  | 446 |
| Three Months Ended June 30, 2024
| Overnight Air Cargo | Commercial Aircraft, Engines and Parts | Ground Support Equipment | Digital Solutions | Reportable Segment Total | Corporate and Other | Eliminations | Total
Operating income (loss) from external sources | $ | 1,839 |  | $ | 1,095 |  | $ | (775) |  | $ | (464) |  | $ | 1,695 |  | $ | (2,272) |  | $ | — |  | $ | (577) |
Intersegment operating (loss) income | (8) |  | (13) |  | — |  | — |  | (21) |  | (74) |  | 95 |  | — |
Operating income (loss) | 1,831 |  | 1,082 |  | (775) |  | (464) |  | 1,674 |  | (2,346) |  | 95 |  | (577) |

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