Quarterly report pursuant to Section 13 or 15(d)

REVENUES

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REVENUES
 6 Months Ended
Jun. 30, 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
June 30,		 Six Months Ended
June 30,
2024 2023 2024 2023
Offshore energy services $ 238,491  $ 195,194  $ 459,189  $ 376,823 
Government services 79,476  87,320  161,584  169,654 
Fixed wing services 31,987  26,448  55,695  52,367 
Other services 2,540  2,560  5,382  5,609 
Total operating revenues $ 352,494  $ 311,522  $ 681,850  $ 604,453 
Reimbursable revenues 7,255  7,861  14,993  16,952 
Total revenues $ 359,749  $ 319,383  $ 696,843  $ 621,405 
As of June 30, 2024, the Company had a deferred revenue balance of $20.1 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, advanced payments from helicopter services customers, and mobilization fees received from customers in connection with new contract commencements. During the six months ended June 30, 2024 and 2023, revenues recognized that had previously been deferred were $10.3 million and $8.0 million, respectively.