Leases (Tables)

9 Months Ended

Sep. 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 September 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		$	298	$	45,009	$	699	$	145	$	46,151
2020		780		175,661		2,417		517		179,375
2021		606		174,420		2,131		—		177,157
2022		578		176,203		1,528		—		178,309
2023		202		158,328		1,132		—		159,662
2024 and thereafter		—		617,315		4,938		—		622,253
Total minimum lease payments		$	2,464	$	1,346,936	$	12,845	$	662	$	1,362,907
Less amount representing interest		233		323,560		3,509		21		327,323
Present value of minimum lease payments		$	2,231	$	1,023,376	$	9,336	$	641	$	1,035,584
Less current portion		814		114,777		2,041		558		118,190
Long-term portion		$	1,417	$	908,599	$	7,295	$	83	$	917,394

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 September 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		$	298	$	45,009	$	699	$	145	$	46,151
2020		780		175,661		2,417		517		179,375
2021		606		174,420		2,131		—		177,157
2022		578		176,203		1,528		—		178,309
2023		202		158,328		1,132		—		159,662
2024 and thereafter		—		617,315		4,938		—		622,253
Total minimum lease payments		$	2,464	$	1,346,936	$	12,845	$	662	$	1,362,907
Less amount representing interest		233		323,560		3,509		21		327,323
Present value of minimum lease payments		$	2,231	$	1,023,376	$	9,336	$	641	$	1,035,584
Less current portion		814		114,777		2,041		558		118,190
Long-term portion		$	1,417	$	908,599	$	7,295	$	83	$	917,394

Schedule of Lease Cost

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

	Three Months Ended September 30, 2019		Nine Months Ended September 30, 2019
	(in thousands)
Finance lease cost
Amortization of leased assets	$	135	$	863
Interest of lease liabilities	302		641
Operating lease cost
Operating lease cost (1)	39,590		137,943
Short-term lease cost (1)	4,218		11,176
Variable lease cost (1)	29,260		89,030
Total lease cost	$	73,505	$	239,653

(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 September 30, 2019:

	September 30, 2019
Weighted-average remaining lease term
Operating leases	9.7 years
Finance leases	3.2 years
Weighted-average discount rate
Operating leases	6.48	%
Finance leases	6.14	%