v3.26.1
Revenue (Tables)
3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue by Service Type

Disaggregation of Revenue

The following table disaggregates revenue by service type and the timing of when these services are provided to the member or customer:

 

 

Three Months Ended March 31,

 

 

2026

 

 

2025

 

Services transferred at a point in time:

 

 

 

 

 

 

Flights

 

$

92,237

 

 

$

82,747

 

Aircraft Management Services

 

 

335

 

 

 

765

 

Services transferred over time:

 

 

 

 

 

 

Memberships

 

 

(116

)

 

 

1,056

 

MRO

 

 

2,008

 

 

 

1,761

 

Fractional ownership purchase price

 

 

1,886

 

 

 

1,796

 

 

$

96,350

 

 

$

88,125

 

Schedule of Rollforward of Deferred Revenue

The following table provides a rollforward of deferred revenue for the three months ended March 31, 2026:

 

 

 

 

 

 

2026

 

 

2025

 

Balance as of January 1

 

$

162,319

 

 

$

149,517

 

Revenue recognized

 

 

(75,516

)

 

 

(78,773

)

Revenue deferred

 

 

68,629

 

 

 

76,370

 

Balance as of March 31

 

$

155,432

 

 

$

147,114