| Schedule of 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 (in thousands):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2022 |
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2021 |
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2022 |
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2021 |
| Services transferred at a point in time: |
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| Flights, net of discounts and incentives |
$ |
284,071 |
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|
$ |
212,660 |
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|
$ |
520,434 |
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$ |
403,134 |
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| Aircraft management |
58,307 |
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|
47,594 |
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116,356 |
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96,017 |
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| Other |
55,789 |
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5,450 |
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62,967 |
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9,739 |
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| Services transferred over time: |
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| Memberships |
24,020 |
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|
16,188 |
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44,667 |
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31,162 |
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| Aircraft management |
2,411 |
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2,361 |
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4,868 |
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4,818 |
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| Other |
914 |
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1,327 |
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1,855 |
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2,367 |
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| Total |
$ |
425,512 |
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$ |
285,580 |
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$ |
751,147 |
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$ |
547,237 |
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| Schedule of Deferred Revenue |
Deferred revenue consists of the following (in thousands):
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June 30, 2022 |
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December 31, 2021 |
| Flights - Prepaid Blocks and jet cards |
$ |
989,019 |
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$ |
876,750 |
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| Memberships - annual dues |
42,886 |
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|
47,069 |
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| Memberships - initiation fees |
3,785 |
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|
4,072 |
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| Flights - credits |
5,190 |
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|
6,633 |
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| Other |
192 |
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|
960 |
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| Deferred revenue - total |
1,041,072 |
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|
935,484 |
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| Less: Deferred revenue - current |
(1,039,279) |
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|
(933,527) |
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| Deferred revenue - non-current |
$ |
1,793 |
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$ |
1,957 |
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Changes in deferred revenue for the six months ended June 30, 2022 were as follows (in thousands):
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| Deferred revenue - beginning balance |
$ |
935,484 |
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| Amounts deferred during the period |
702,882 |
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| Revenue recognized from amounts included in the deferred revenue beginning balance |
(378,699) |
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| Revenue from current period sales |
(218,595) |
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| Deferred revenue - ending balance |
$ |
1,041,072 |
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