v3.26.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives of Assets

Property and equipment are stated at cost less accumulated depreciation and amortization. Expenditures for repairs and maintenance are expensed as incurred. Depreciation and amortization are computed using the straight-line method over the estimated useful lives of the assets as follows:

 

 

Estimated Useful Life

Transportation equipment

5-20 years

Office furniture and equipment

3-10 years

Leasehold improvements

Shorter of remaining lease term or useful life

Schedule of Aircraft Held for Sale The following table summarizes the Company's held for sale activity during the three months ended March 31, 2026:

 

 

Three Months Ended March 31,

 

 

2026

 

Aircraft held for sale as of December 31, 2025

 

$

3,421

 

Aircraft held for sale sold

 

 

 

Aircraft reclassified to held for sale

 

 

1

 

Loss due to fair value adjustments

 

 

 

Aircraft held for sale as of March 31, 2026

 

$

3,422