Quarterly report pursuant to Section 13 or 15(d)

REVENUES

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REVENUES
 9 Months Ended
Sep. 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
September 30,		 Nine Months Ended
September 30,
2024 2023 2024 2023
Offshore energy services $ 233,654  $ 212,990  $ 692,843  $ 589,813 
Government services 85,229  85,549  246,813  255,203 
Fixed wing services 35,543  29,168  91,238  81,535 
Other services 2,000  2,545  7,382  8,154 
Total operating revenues $ 356,426  $ 330,252  $ 1,038,276  $ 934,705 
Reimbursable revenues 8,696  7,838  23,689  24,790 
Total revenues $ 365,122  $ 338,090  $ 1,061,965  $ 959,495 
As of September 30, 2024, the Company had a deferred revenue balance of $20.0 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 nine months ended September 30, 2024 and 2023, revenues recognized that had previously been deferred were $12.1 million and $9.3 million, respectively.