Jetpack Joyride user movement

i am trying to create a game similar to jetpack joyride in which the user can hold the spacebar to go up and let go to travel downward. I am using timers to simulate the gravity and using keyPressed and keyReleased to check if the user is holding the spacebar. I am using print statements to know for sure that both keyPressed and keyReleased are working, but i dont know why the physics arent running. I dont know whether the problem is my if statements not updating, if it is the new timers being created inside of the if statement. Either way, the gravity is not changing, and im stuck. Help is appreciated.

import java.awt.*;
import java.awt.event.*;
import javax.swing.*;
import java.util.Timer;
import java.util.TimerTask;
import java.util.Calendar;



public class Game implements KeyListener {
    JFrame frame;
    JLabel player;

    public boolean grounded = false;
    public int velocity = 0;
    public int finalY = 0;
    public boolean spaceHeld = false;


    Action spaceAction;

    Game() {
         
        frame = new JFrame("Nicholas Seow-Xi Crouse");
        frame.setDefaultCloseOperation(JFrame.EXIT_ON_CLOSE);
        frame.setSize(1920, 1080);
        frame.setLayout(null);
        
        frame.setFocusable(true);
        frame.addKeyListener(this);

        player = new JLabel();
        player.setBackground(Color.red);
        player.setBounds(10, 1800, 50, 50);
        player.setOpaque(true);

        frame.add(player);
        frame.setVisible(true);
        
         Timer flightTime = new Timer();
         TimerTask flight = new TimerTask() {
         
            public void run() {
                  if(velocity > -5) {
                  velocity -= 1;
                  }
                  else{
                  velocity = -5;
                  }
                  if (finalY < -61) {
                   finalY = finalY + velocity;
                   }
                   else{
                   finalY = -61;
                   }
                   player.setLocation(player.getX(), player.getY() + finalY);
                   if (player.getY() <= 0){
                   cancel();
                   velocity = 0;
                   finalY = 0;
                   player.setLocation(player.getX(), 0);
                    
                   }  
            }
      };
         

         Timer gravityTime = new Timer();
         TimerTask gravity = new TimerTask() {


            //creates a timer run method that simulates the falling gravity when not grounded
            public void run() {
                if(velocity < 5){
                velocity += 1;
                }
                else{
                velocity = 5;
                }
                //creates the variable the tells where the player is located
                if (finalY < 61) {
                finalY = finalY + velocity;
                }
                else{
                finalY = 61;
                }
                player.setLocation(player.getX(), player.getY() + finalY);
                if (player.getY() >= 1000){
                cancel();
                velocity = 0;
                finalY = 0;
                player.setLocation(player.getX(), 990); 
                }
                
            }
        };

        if (spaceHeld == false ) {
            gravityTime.scheduleAtFixedRate(gravity, 0, 33);
        }
        if (spaceHeld == true ) {
            flightTime.scheduleAtFixedRate(flight, 0 ,33);
    }
}

public void keyTyped(KeyEvent e) {
}

public void keyPressed(KeyEvent e) {
if(e.getKeyCode() == KeyEvent.VK_SPACE){
spaceHeld = true;
//debug
System.out.println(spaceHeld);
}
}

public void keyReleased(KeyEvent e) {
if(e.getKeyCode() == KeyEvent.VK_SPACE){
spaceHeld = false;
//debug
System.out.println(spaceHeld);
}
}
}