Commitments and Contingencies (Tables)

3 Months Ended

Mar. 31, 2025

Commitments and Contingencies Disclosure [Abstract]

Schedule of Contractual Commitments to Acquire Aircraft

The following table shows the Company’s contractual delivery commitment schedule as of March 31, 2025:

	Estimated Delivery Years
Aircraft Type	Last 9 months of 2025	2026	2027	2028	2029	Thereafter	Total
Airbus A220-100/300	10	6	12	12	2	—	42
Airbus A320/321neo(1)	5	20	38	34	34	—	131
Airbus A330-900neo	—	1	—	—	—	—	1
Airbus A350F	—	—	—	2	4	1	7
Boeing 737-8/9 MAX	18	20	21	2	—	5	66
Boeing 787-9/10	7	5	1	—	—	—	13
Total(2)	40	52	72	50	40	6	260
(1) The Company’s Airbus A320/321neo aircraft orders include seven long-range variants and 49 extra long-range variants.
(2) The table above reflects aircraft deliveries based on contractual documentation and production adjustments as communicated by Airbus and Boeing through May 5, 2025. The Company’s contractual delivery commitment schedule is subject to a number of factors outside its control, including ongoing delays by Airbus and Boeing for some aircraft, and the Company cannot guarantee delivery of any particular aircraft at any specific time notwithstanding its contractual delivery commitment schedule.

Schedule of Commitments for the Acquisition of the Aircraft, at an Estimated Aggregate Purchase Price

Commitments for the acquisition of these aircraft, calculated at an estimated aggregate commitment (including adjustments for anticipated inflation) of approximately $16.6 billion as of March 31, 2025, are as follows:

Years ending December 31,	(in thousands)
2025 (excluding the three months ended March 31, 2025)	$	2,960,620
2026	3,513,804
2027	4,155,363
2028	2,945,657
2029	2,493,019
Thereafter	484,365
Total	$	16,552,828