Note E - Property and Equipment

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE E—PROPERTY AND EQUIPMENT

The Company's property and equipment consists primarily of cargo aircraft, aircraft engines and other flight equipment. Property and equipment, to be held and used, is summarized as follows (in thousands):

	March 31,			December 31,
	2024			2023
Flight equipment	$	4,055,379		$	3,865,049
Ground equipment		72,653			72,463
Leasehold improvements, facilities and office equipment		43,659			42,120
Aircraft modifications and projects in progress		551,630			638,631
		4,723,321			4,618,263
Accumulated depreciation		(1,856,986	)		(1,797,494	)
Property and equipment, net	$	2,866,335		$	2,820,769

CAM owned aircraft with a carrying value of $1,715.4 million and $1,640.9 million that were under lease to external customers as of March 31, 2024 and December 31, 2023, respectively.