Quarterly report pursuant to Section 13 or 15(d)

REVENUES

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REVENUES
 3 Months Ended
Mar. 31, 2024
Revenue Recognition [Abstract]  
REVENUES REVENUES
The Company’s customers are primarily major integrated, national and independent offshore energy companies and government agencies. The Company derives its revenues primarily from aviation services generated through two types of contracts: helicopter services contracts and fixed wing services contracts. Revenues are generally recognized when the Company satisfies its performance obligations by providing aviation services to its customers in exchange for consideration.
The following table sets forth the disaggregation of operating revenues by service line for the applicable periods (in thousands):
Three Months Ended
March 31,
2024 2023
Offshore energy services $ 220,698  $ 181,629 
Government services 82,108  82,334 
Fixed wing services 23,708  25,919 
Other services 2,842  3,049 
Total operating revenues $ 329,356  $ 292,931 
Reimbursable revenues $ 7,738  $ 9,091 
Total revenues $ 337,094  $ 302,022 
As of March 31, 2024, the Company had a deferred revenue balance of $24.7 million compared to the December 31, 2023 balance of $20.3 million. Deferred revenues are primarily generated by fixed wing services where customers pay for tickets in advance of receiving the Company’s services and advanced payments from helicopter services customers and from mobilization fees received from customers in connection with new contract commencements. During the three months ended March 31, 2024 and 2023, revenue recognized that had been previously deferred was $7.3 million and $6.4 million, respectively.