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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Operating revenues:        
Contract revenue $ 121,834 $ 123,213 $ 269,008 $ 270,970
Operating expenses:        
Flight operations 54,830 42,410 113,150 90,008
Maintenance 45,985 47,357 94,272 106,338
Aircraft rent 835 9,434 4,918 19,020
General and administrative 13,538 7,860 27,526 20,438
Depreciation and amortization 16,541 20,747 31,744 41,775
Asset impairment 16,743 39,475 20,462 39,475
Other operating expenses 233 685 1,359 2,657
Total operating expenses 148,705 167,968 293,431 319,711
Operating loss (26,871) (44,755) (24,423) (48,741)
Other income (expense), net:        
Interest expense (13,030) (8,120) (24,306) (16,050)
Interest income 49 42 120 93
Gain/(Loss) on investments, net 2,095 (2,261) 416 (8,723)
Other income (expense), net 538 (71) 955 (130)
Total other expense, net (10,348) (10,410) (22,815) (24,810)
Loss before taxes (37,219) (55,165) (47,238) (73,551)
Income tax benefit (2,097) (12,382) (3,027) (16,494)
Net loss and comprehensive loss $ (35,122) $ (42,783) $ (44,211) $ (57,057)
Net loss per share attributable to common shareholders        
Basic $ (0.88) $ (1.19) $ (1.16) $ (1.58)
Diluted $ (0.88) $ (1.19) $ (1.16) $ (1.58)
Weighted-average common shares outstanding        
Basic 39,932 36,048 38,135 36,005
Diluted 39,932 36,048 38,135 36,005
Contract Revenue        
Operating revenues:        
Contract revenue $ 103,782 $ 111,988 $ 232,232 $ 248,882
Pass Through and Other Revenue        
Operating revenues:        
Contract revenue $ 18,052 $ 11,225 $ 36,776 $ 22,088