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Condensed Consolidated Statements of Operations and Comprehensive Loss - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2022
Operating revenues:              
Contract revenue $ 92,784 $ 110,793 $ 290,764 $ 361,152 $ 476,409 $ 498,065 $ 531,001
Operating expenses:              
Flight operations 36,551 45,455 108,021 146,602 184,472 216,748 177,038
Maintenance 41,417 44,266 131,483 137,165 184,725 199,648 201,930
Aircraft rent 98 1,684 3,038 4,296 7,797 6,200 36,989
General and administrative 11,585 9,715 32,588 32,857 44,248 48,765 43,966
Depreciation and amortization 3,377 9,730 17,311 32,846 40,041 60,359 81,508
Asset impairment (52) 7,880 111,786 50,923 73,709 54,343 171,824
Loss/(Gain) on sale of assets 0 0 54,397 150 682 (7,162) (4,723)
Other operating expenses (46) 1,090 335 5,098 6,555 3,510 7,471
Total operating expenses 92,930 119,820 458,959 409,937 542,229 582,411 716,003
Operating loss (146) (9,027) (168,195) (48,785) (65,820) (84,346) (185,002)
Other income/(expense), net:              
Interest expense (3,256) (9,032) (15,654) (30,832) (38,455) (49,921) (35,289)
Interest income 74 17 115 45 68 146 139
(Loss) gain on investments 0 (776) 0 6,454 8,032    
Unrealized (loss)/gain on investments, net 0 (2,025) (53) (6,073) (6,145) 5,408 (13,715)
Gain on extinguishment of debt 0 0 0 2,954 2,954    
Gain on debt forgiveness 0 0 4,500 10,500 10,500    
Other income (expense), net 23,946 125 21,126 (234) (1,630) (148) (801)
Total other income (expense), net 20,764 (11,691) 10,034 (17,186) (24,676) (44,515) (49,666)
Income (loss) before taxes 20,618 (20,718) (158,161) (65,971) (90,496) (128,861) (234,668)
Income tax (benefit)/expense (238) (810) (5,829) 126 519 (8,745) (51,990)
Net income (loss) and comprehensive income (loss) $ 20,856 $ (19,908) $ (152,332) $ (66,097) $ (91,015) $ (120,116) $ (182,678)
Net income (loss) per share attributable to common shareholders              
Basic $ 0.5 $ (0.48) $ (3.68) $ (1.61) $ (2.21) $ (3.04) $ (5.06)
Diluted $ 0.5 $ (0.48) $ (3.68) $ (1.61) $ (2.21) $ (3.04) $ (5.06)
Weighted-average common shares outstanding              
Basic 41,439 41,217 41,368 41,075 41,137 39,465 36,133
Diluted 41,683 41,217 41,368 41,075 41,137 39,465 36,133
Contract Revenue              
Operating revenues:              
Contract revenue $ 69,940 $ 95,596 $ 219,041 $ 310,516 $ 404,322 $ 421,298 $ 478,482
Pass-through and other revenue              
Operating revenues:              
Contract revenue $ 22,844 $ 15,197 $ 71,723 $ 50,636 $ 72,087 $ 76,767 $ 52,519