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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Sep. 30, 2023
Current assets:    
Cash and cash equivalents $ 16,068 $ 32,940
Restricted cash 3,134 3,132
Receivables, net ($1,265 and $4,016 from related party) 5,517 8,253
Expendable parts and supplies, net 28,830 29,245
Assets held for sale 92,260 57,722
Prepaid expenses and other current assets 4,476 7,294
Total current assets 150,285 138,586
Property and equipment, net 534,459 698,022
Lease and equipment deposits 1,630 1,630
Operating lease right-of-use assets 8,959 9,709
Deferred heavy maintenance, net 7,200 7,974
Assets held for sale 40,336 12,000
Other assets 32,764 30,546
Total assets 775,633 898,467
Current liabilities:    
Current portion of long-term debt and finance leases ($19,335 and $20,500 from related party) 156,789 163,550
Current portion of deferred revenue 3,983 4,880
Current maturities of operating leases 3,240 3,510
Accounts payable 54,451 58,957
Accrued compensation 7,657 10,008
Other accrued expenses 27,774 27,001
Total current liabilities 253,894 267,906
Noncurrent liabilities:    
Long-term debt and finance leases, excluding current portion ($36,795 and $30,630 from related party) 315,464 364,728
Noncurrent operating lease liabilities 7,706 8,077
Deferred credits from related party 4,464 4,617
Deferred income taxes 8,842 8,414
Deferred revenue, net of current portion 14,062 16,167
Other noncurrent liabilities 28,589 28,522
Total noncurrent liabilities 379,127 430,525
Total liabilities 633,021 698,431
Commitments and contingencies (Note 15)
Stockholders' equity:    
Common stock of no par value and additional paid-in capital, 125,000,000 shares authorized; 40,940,326 (2024) and 40,940,326 (2023) shares issued and outstanding, 4,899,497 (2024) and 4,899,497 (2023) warrants issued and outstanding 271,581 271,155
Accumulated deficit (128,969) (71,119)
Total stockholders' equity 142,612 200,036
Total liabilities and stockholders' equity $ 775,633 $ 898,467