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Fresh Start Accounting - Schedule of Consolidated Successor Balance Sheet (Details) - USD ($)
$ / shares in Units, $ in Thousands
Jun. 30, 2025
Mar. 31, 2025
Mar. 13, 2025
Mar. 12, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Current assets:                
Cash and cash equivalents $ 407,511   $ 388,607   $ 902,057      
Restricted cash     176,618          
Short-term investment securities     119,315          
Accounts receivable, net     201,681          
Prepaid expenses and other current assets 253,057   257,294   278,366      
Assets held for sale 449,149   447,271   463,020      
Total current assets 1,481,219   1,590,787   2,109,122      
Property and equipment:                
Flight equipment 1,893,585   1,888,698   2,736,461      
Ground property and equipment 447,030   441,866   783,645      
Less accumulated depreciation (51,434)   0   (1,027,872)      
Total property and equipment, net 2,289,181   2,330,564   2,492,234      
Operating lease right-of-use assets 4,457,889   4,436,918   4,583,734      
Intangible assets 83,482   83,482   550      
Pre-delivery deposits on flight equipment 73,572   85,495   113,493      
Deferred heavy maintenance, net 115,451   125,705   241,094      
Other long-term assets 75,493   67,043   54,951      
Total assets 8,576,287   8,719,994 $ 8,720,000 9,595,178      
Current liabilities:                
Accounts payable 147,676   46,676   32,385      
Air traffic liability 407,473   518,668   436,813      
Current maturities of long-term debt, net, and finance leases 121,190   165,689   436,532      
Current maturities of operating leases 239,633   242,230   257,796      
Other current liabilities 537,556   582,249   605,839      
Total current liabilities 1,453,528   1,555,512   1,769,365      
Long-term debt, net and finance leases, less current maturities 2,242,448   2,054,124   1,761,215      
Operating leases, less current maturities 4,228,832   4,208,781   4,335,106      
Deferred income taxes 64,757   69,408   51,927      
Deferred gains and other long-term liabilities 107,277   97,799   122,595      
Total liabilities not subject to compromise     7,985,623          
Liabilities subject to compromise 0     1,600,000 1,635,104      
Shareholders’ equity:                
Predecessor common stock 2   2   11      
Predecessor Additional paid-in capital 736,212   734,368   1,173,692      
Predecessor Treasury stock at cost 0       (81,285)      
Retained Earnings (Accumulated Deficit) (256,767)       (1,172,740)      
Accumulated other comprehensive income (loss) (2)       188      
Total shareholders’ equity (deficit) 479,445 $ 723,413 734,370 $ 734,370 (80,134) $ 809,662 $ 1,002,257 $ 1,134,342
Total liabilities and shareholders’ equity (deficit) $ 8,576,287   8,719,994   $ 9,595,178      
Common stock, par value (in dollars per share) $ 0.0001     $ 0.0001        
Predecessor                
Current assets:                
Cash and cash equivalents       $ 678,382        
Restricted cash       171,325        
Short-term investment securities       119,315        
Accounts receivable, net       201,681        
Prepaid expenses and other current assets       259,522        
Assets held for sale       447,271        
Total current assets       1,877,498        
Property and equipment:                
Flight equipment       2,739,143        
Ground property and equipment       787,057        
Less accumulated depreciation       (1,062,116)        
Total property and equipment, net       2,464,084        
Operating lease right-of-use assets       4,631,428        
Intangible assets       550        
Pre-delivery deposits on flight equipment       85,495        
Deferred heavy maintenance, net       246,576        
Other long-term assets       67,043        
Total assets       9,372,673        
Current liabilities:                
Accounts payable       52,242        
Air traffic liability       518,668        
Current maturities of long-term debt, net, and finance leases       471,698        
Current maturities of operating leases       259,713        
Other current liabilities       623,035        
Total current liabilities       1,925,357        
Long-term debt, net and finance leases, less current maturities       1,704,517        
Operating leases, less current maturities       4,380,845        
Deferred income taxes       52,556        
Deferred gains and other long-term liabilities       120,795        
Total liabilities not subject to compromise       8,184,070        
Liabilities subject to compromise       1,635,104        
Shareholders’ equity:                
Predecessor common stock       11        
Predecessor Additional paid-in capital       1,174,925        
Predecessor Treasury stock at cost       (81,285)        
Retained Earnings (Accumulated Deficit)       (1,540,278)        
Accumulated other comprehensive income (loss)       127        
Total shareholders’ equity (deficit)       (446,501)        
Total liabilities and shareholders’ equity (deficit)       9,372,673        
Reorganization Items                
Current assets:                
Cash and cash equivalents       (289,775)        
Restricted cash       5,293        
Prepaid expenses and other current assets       (2,229)        
Total current assets       (286,711)        
Property and equipment:                
Total assets       (286,711)        
Current liabilities:                
Accounts payable       (5,566)        
Current maturities of long-term debt, net, and finance leases       (309,000)        
Other current liabilities       (39,250)        
Total current liabilities       (353,816)        
Long-term debt, net and finance leases, less current maturities       526,841        
Deferred income taxes       16,900        
Total liabilities not subject to compromise       173,025        
Liabilities subject to compromise       (1,635,104)        
Shareholders’ equity:                
Predecessor common stock     2 (11)        
Predecessor Additional paid-in capital     $ 734,368 (1,174,925)        
Predecessor Treasury stock at cost       81,285        
Retained Earnings (Accumulated Deficit)       1,534,648        
Total shareholders’ equity (deficit)       1,175,368        
Total liabilities and shareholders’ equity (deficit)       (286,711)        
Fresh Start Adjustment                
Current assets:                
Total current assets       0        
Property and equipment:                
Flight equipment       (850,445)        
Ground property and equipment       (345,190)        
Less accumulated depreciation       1,062,116        
Total property and equipment, net       (133,520)        
Operating lease right-of-use assets       (194,510)        
Intangible assets       82,932        
Deferred heavy maintenance, net       (120,871)        
Total assets       (365,969)        
Current liabilities:                
Current maturities of long-term debt, net, and finance leases       2,991        
Current maturities of operating leases       (17,483)        
Other current liabilities       (1,536)        
Total current liabilities       (16,029)        
Long-term debt, net and finance leases, less current maturities       (177,234)        
Operating leases, less current maturities       (172,065)        
Deferred income taxes       16,852        
Deferred gains and other long-term liabilities       (22,996)        
Total liabilities not subject to compromise       (371,472)        
Shareholders’ equity:                
Retained Earnings (Accumulated Deficit)       5,630        
Accumulated other comprehensive income (loss)       (127)        
Total shareholders’ equity (deficit)       5,503        
Total liabilities and shareholders’ equity (deficit)       $ (365,969)