Leases (Tables)

6 Months Ended

Jun. 30, 2019

Leases [Abstract]

Schedule of Operating Lease Maturities

The following table provides details of the Company's future minimum lease payments under finance lease liabilities and operating lease liabilities recorded on the Company's condensed balance sheets as of June 30, 2019. The table does not include commitments that are contingent on events or other factors that are currently uncertain or unknown.

		Finance Leases		Operating Leases
				Aircraft and Spare Engine Leases		Property Facility Leases		Other		Total Operating and Finance Lease Obligations
	(in thousands)
Remainder of 2019		$	94,751	$	88,536	$	1,396	$	290	$	184,973
2020		780		172,409		2,417		517		176,123
2021		606		171,168		1,909		—		173,683
2022		578		172,951		1,080		—		174,609
2023		202		155,076		1,055		—		156,333
2024 and thereafter		—		592,704		4,938		—		597,642
Total minimum lease payments		$	96,917	$	1,352,844	$	12,795	$	807	$	1,463,363
Less amount representing interest		535		332,667		3,583		31		336,816
Present value of minimum lease payments		$	96,382	$	1,020,177	$	9,212	$	776	$	1,126,547
Less current portion		94,834		112,189		2,137		551		209,711
Long-term portion		$	1,548	$	907,988	$	7,075	$	225	$	916,836

Schedule of Finance Lease Maturities

The following table provides details of the Company's future minimum lease payments under finance lease liabilities and operating lease liabilities recorded on the Company's condensed balance sheets as of June 30, 2019. The table does not include commitments that are contingent on events or other factors that are currently uncertain or unknown.

		Finance Leases		Operating Leases
				Aircraft and Spare Engine Leases		Property Facility Leases		Other		Total Operating and Finance Lease Obligations
	(in thousands)
Remainder of 2019		$	94,751	$	88,536	$	1,396	$	290	$	184,973
2020		780		172,409		2,417		517		176,123
2021		606		171,168		1,909		—		173,683
2022		578		172,951		1,080		—		174,609
2023		202		155,076		1,055		—		156,333
2024 and thereafter		—		592,704		4,938		—		597,642
Total minimum lease payments		$	96,917	$	1,352,844	$	12,795	$	807	$	1,463,363
Less amount representing interest		535		332,667		3,583		31		336,816
Present value of minimum lease payments		$	96,382	$	1,020,177	$	9,212	$	776	$	1,126,547
Less current portion		94,834		112,189		2,137		551		209,711
Long-term portion		$	1,548	$	907,988	$	7,075	$	225	$	916,836

Schedule of Lease Cost

The table below presents information for lease costs related to the Company's finance and operating leases:

	Three Months Ended June 30, 2019		Six Months Ended June 30, 2019
	(in thousands)
Finance lease cost
Amortization of leased assets	$	519	$	728
Interest of lease liabilities	309		339
Operating lease cost
Operating lease cost (1)	48,639		98,353
Short-term lease cost (1)	3,509		6,958
Variable lease cost (1)	31,653		59,770
Total lease cost	$	84,629	$	166,148

(1) Expenses are classified within aircraft rent and landing fees and other rents on the Company's condensed statements of operations.

The table below presents lease-related terms and discount rates as of June 30, 2019:

	June 30, 2019
Weighted-average remaining lease term
Operating leases	9.8 years
Finance leases	0.8 years
Weighted-average discount rate
Operating leases	6.52	%
Finance leases	3.93	%