At December 31, 2024, the Company leased 24 aircraft, airport facilities, office space, and other property and equipment under non-cancelable operating leases. The operating leases require the Company to pay taxes, maintenance, insurance, and other operating expenses. Rental expense is recognized on a straight-line basis over the lease term, net of lessor rebates and other incentives. The Company expects that, in the normal course of business, such operating leases that expire will be renewed or replaced by other leases, or the property may be purchased rather than leased. Aggregate rental expense under all operating aircraft, equipment and facility leases totaled approximately $3.1 million and $2.6 million for the three months ended December 31, 2024 and 2023, respectively, and $13.9 million, $12.2 million, and $43.4 million for the fiscal years ended September 30, 2024, 2023, and 2022, respectively.

The components of our operating and finance lease costs were as follows (in thousands):


	Three Months Ended				Year Ended
	December 31,				September 30,
	2024		2023 (unaudited)			2024		2023		2022

Operating lease costs	$	781	$	1,278		$	4,309	$	8,517	$	37,637
Variable and short-term lease costs		2,386		1,279			9,545		3,691		5,783
Interest expense on finance lease liabilities		48		1,289			3,530		4,492		547
Amortization expense of finance lease assets		54		4,123			5,163		13,414		2,705
Total lease costs	$	3,269	$	7,969		$	22,547	$	30,114	$	46,672

As of December 31, 2024, the Company’s operating lease right-of-use assets were $6.6 million, the Company’s current maturities of operating lease liabilities were $1.4 million, and the Company’s noncurrent operating lease liabilities were $6.5 million.

The Company’s operating lease payments included in operating cash flows were approximately $0.8 million and $1.2 million for the three months ended December 31, 2024 and 2023, respectively, and $4.6 million, $9.5, and $36.3 million for the fiscal years ended September 30, 2024, 2023, and 2022, respectively. The Company’s finance lease interest payments included in operating cash flows were $2.0 million, $1.2 million, and $0.3 million for the fiscal years ended September 30, 2024, 2023, and 2022, respectively. The Company did not make any finance lease interest payments in the three months ended December 31, 2024 and 2023. The Company’s finance lease principal payments included in financing cash flows were $0 and $0.3 million for the three months ended December 31, 2024 and 2023, respectively, and $65.3 million, $15.1 million, and $2.5 million for the fiscal years ended September 30, 2024, 2023, and 2022, respectively.

The following table summarizes future minimum rental payments, primarily related to facilities and leased aircraft, required under operating leases that had initial or remaining non-cancelable lease terms as of December 31, 2024 (in thousands):


Periods Ending December 31,	Operating Leases
2025	$	1,877
2026		1,559
2027		1,436
2028		929
2029		944
Thereafter		3,015
Total lease payments		9,760
Less: imputed interest		(1,798	)
Amounts recorded in the consolidated balance sheet	$	7,962