Note 9 - Commitments Level 3 (Tables)

12 Months Ended

Dec. 31, 2014

Schedule of Rent Expense [Table Text Block]

As of December 31, 2014, the Company leased 76 aircraft and 29 spare engines with varying terms extending through 2024 and terminal space, operating facilities and office equipment with terms extending through 2033 under operating leases. The components of rent expense for the years ended December 31 are as follows (in millions):



	2014		2013		2012
Aircraft and engine rent	$	126.0	$	122.6	$	110.7
Other	10.3		11.7		9.2
Total rent expense	$	136.3	$	134.3	$	119.9

summary of maintenance agreement expiration dates [Table Text Block]

The following table represents our maintenance agreements for engines, auxiliary power units ("APU") and other airframe components for our E140/145, E170/175 and Q400 aircraft:



	Expiration Date of Agreement:
Maintenance Agreements	E140/145	E170/175	Q400
Engines	December 2017⁽²⁾	March 2027⁽³⁾	June 2021⁽²⁾
APU	December 2016	July 2019	July 2021
Avionics	December 2017	April 2023	NA⁽¹⁾
Wheels and Brakes	December 2019	January 2022	August 2022 ⁽⁴⁾
Parts Pooling	December 2017	February 2027	July 2021
Emergency Slides	NA⁽¹⁾	December 2024	NA⁽¹⁾
Tires	NA⁽¹⁾	NA⁽¹⁾	July 2021
Propellers	NA⁽¹⁾	NA⁽¹⁾	July 2021

⁽¹⁾Agreements do not exist for the specified maintenance item for the related aircraft type.

⁽²⁾ Maintenance agreements for engines include life limited parts ("LLPs") for E140/145 and Q400 aircraft. As of

December 31, 2014 and 2013, we had maintenance deposits of $53.2 million and $36.6 million, respectively, for the future replacement of LLPs.


⁽³⁾	Maintenance agreements for engines on United and Delta E175 aircraft expire December 2018, US Airways E175 aircraft expire December 2022, and American E175 aircraft expire March 2027.


⁽⁴⁾	Q400 maintenance agreements do not include wheels.

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Future minimum payments under non-cancelable operating leases are as follows for the years ending December 31 (in millions):



	Aircraft		Other		Total
2015	$	106.5	$	16.2	$	122.7
2016	101.6		15.1		116.7
2017	87.8		13.1		100.9
2018	77.1		12.0		89.1
2019	73.9		9.9		83.8
Thereafter	103.9		44.5		148.4
Total	$	550.8	$	110.8	$	661.6

Unrecorded Unconditional Purchase Obligations Disclosure [Table Text Block]

The following table displays the Company's future contractual obligations for aircraft and other equipment under firm order (in millions):



	Payments Due By Period

	2015		2016		2017		2018		2019		Total
Debt or lease financed aircraft under purchase obligations ⁽¹⁾	$	554.2	$	2,447.0	$	1,385.5	$	—	$	—	$	4,386.7
Engines under firm orders	24.6		21.0		7.0		—		—		52.6
Total contractual obligations for aircraft and engines	$	578.8	$	2,468.0	$	1,392.5	$	—	$	—	$	4,439.3

⁽¹⁾Represents delivery of CS300s based on estimated service date of early 2016.

The information in the table above reflects a purchase price of the aircraft at projected delivery dates.