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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, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating revenues:        
Contract revenue $ 92,784 $ 110,793 $ 290,764 $ 361,152
Operating expenses:        
Flight operations 36,551 45,455 108,021 146,602
Maintenance 41,417 44,266 131,483 137,165
Aircraft rent 98 1,684 3,038 4,296
General and administrative 11,585 9,715 32,588 32,857
Depreciation and amortization 3,377 9,730 17,311 32,846
Asset impairment (52) 7,880 111,786 50,923
Loss on sale of assets     54,397 150
Other operating expenses (46) 1,090 335 5,098
Total operating expenses 92,930 119,820 458,959 409,937
Operating loss (146) (9,027) (168,195) (48,785)
Other income (expense), net:        
Interest expense (3,256) (9,032) (15,654) (30,832)
Interest income 74 17 115 45
(Loss) gain on investments   (776)   6,454
Unrealized loss on investments, net   (2,025) (53) (6,073)
Gain on extinguishment of debt       2,954
Gain on debt forgiveness     4,500 10,500
Other income (expense), net 23,946 125 21,126 (234)
Total other income (expense), net 20,764 (11,691) 10,034 (17,186)
Income (loss) before taxes 20,618 (20,718) (158,161) (65,971)
Income tax (benefit) expense (238) (810) (5,829) 126
Net income (loss) and comprehensive income (loss) $ 20,856 $ (19,908) $ (152,332) $ (66,097)
Net income (loss) per share attributable to common shareholders        
Basic $ 0.5 $ (0.48) $ (3.68) $ (1.61)
Diluted $ 0.5 $ (0.48) $ (3.68) $ (1.61)
Weighted-average common shares outstanding        
Basic 41,439 41,217 41,368 41,075
Diluted 41,683 41,217 41,368 41,075
Contract Revenue        
Operating revenues:        
Contract revenue $ 69,940 $ 95,596 $ 219,041 $ 310,516
Pass Through and Other Revenue        
Operating revenues:        
Contract revenue $ 22,844 $ 15,197 $ 71,723 $ 50,636