| 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 September 30, |
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Nine Months Ended September 30, |
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2021 |
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2020 |
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2021 |
|
2020 |
| Services transferred at a point in time: |
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| Flights, net of discounts and fees |
$ |
218,360 |
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|
$ |
140,280 |
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|
$ |
621,494 |
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$ |
343,571 |
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| Aircraft management |
55,388 |
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|
36,107 |
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151,405 |
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87,737 |
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| Other |
6,679 |
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2,313 |
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16,418 |
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6,609 |
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| Services transferred over time: |
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| Memberships |
17,982 |
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|
13,345 |
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49,144 |
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39,787 |
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| Aircraft management |
2,617 |
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2,295 |
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7,435 |
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5,679 |
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| Other |
952 |
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441 |
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3,319 |
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|
1,825 |
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| Total |
$ |
301,978 |
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$ |
194,781 |
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$ |
849,215 |
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$ |
485,208 |
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| Contract with Customer, Contract Asset, Contract Liability, and Receivable |
Deferred revenue consists of the following (in thousands):
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September 30, 2021 |
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December 31, 2020 |
| Flights - Prepaid Blocks and jet cards |
$ |
538,695 |
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$ |
609,490 |
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| Memberships - annual dues |
36,771 |
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|
32,016 |
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| Memberships - initiation fees |
4,034 |
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|
3,870 |
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| Flights - credits |
6,780 |
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|
7,291 |
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| Other |
987 |
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|
411 |
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| Deferred revenue - total |
587,267 |
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|
653,078 |
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| Less: Deferred revenue - current |
(585,319) |
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|
(651,096) |
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| Deferred revenue - non-current |
$ |
1,948 |
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$ |
1,982 |
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Changes in deferred revenue for the nine months ended September 30, 2021 were as follows (in thousands):
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| Deferred revenue - beginning balance |
$ |
653,078 |
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| Amounts deferred during the period |
611,985 |
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| Revenue recognized from amounts included in the deferred revenue beginning balance |
(368,922) |
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| Revenue from current period sales |
(308,874) |
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| Deferred revenue - ending balance |
$ |
587,267 |
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