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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenues:        
Contract revenue $ 114,691 $ 134,397 $ 383,699 $ 405,367
Operating expenses:        
Flight operations 51,557 43,254 164,707 133,262
Maintenance 51,072 49,694 145,344 156,032
Aircraft rent 864 9,299 5,782 28,319
General and administrative 11,346 11,112 38,872 31,550
Depreciation and amortization 15,316 20,103 47,060 61,878
Asset impairment 30,489   50,951 39,475
(Gain) on sale of assets (6,722)   (7,271)  
Other operating expenses 999 722 2,358 3,379
Total operating expenses 154,921 134,184 447,803 453,895
Operating income/(loss) (40,230) 213 (64,104) (48,528)
Other income (expense), net:        
Interest expense (12,015) (8,716) (36,321) (24,766)
Interest income 8 24 128 117
Gain/(Loss) on investments, net 2,859 (3,926) 3,275 (12,649)
Other income (expense), net (946) (73) (540) (203)
Total other expense, net (10,094) (12,691) (33,458) (37,501)
Loss before taxes (50,324) (12,478) (97,562) (86,029)
Income tax benefit (2,764) (2,493) (5,791) (18,987)
Net loss and comprehensive loss $ (47,560) $ (9,985) $ (91,771) $ (67,042)
Net loss per share attributable to common shareholders        
Basic $ (1.17) $ (0.28) $ (2.35) $ (1.86)
Diluted $ (1.17) $ (0.28) $ (2.35) $ (1.86)
Weighted-average common shares outstanding        
Basic 40,688 36,183 38,986 36,064
Diluted 40,688 36,183 38,986 36,064
Contract Revenue        
Operating revenues:        
Contract revenue $ 94,356 $ 118,899 $ 326,588 $ 367,781
Pass Through and Other Revenue        
Operating revenues:        
Contract revenue $ 20,335 $ 15,498 $ 57,111 $ 37,586