DEBT (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2021

Dec. 31, 2020

DEBT

Summary of long term debt

	March 31, 2021		December 31, 2020
Notes payable under the Company's 2019-1 EETC agreement dated December 2019, with original loan amounts of $248,587 payable in bi-annual installments through December 2027. These notes bear interest at an annual rate of between 4.13% and 6.95% and are secured by the equipment for which the loan was used.	$	227,347	$	227,347
Delayed Draw Term Loan Facility (see terms and conditions above)		68,000		—
U. S. Department of the Treasury CARES Act Loan (see terms and conditions above)		—		45,419
Notes payable to Wilmington Trust Company. Notes bear interest at an annual rate of 8.45% and mature Nov. 2023 to Feb. 2024.		11,880		12,506
Other Notes payable. These notes bear interest at an annual rate of approximately 5.0% and mature March 2029.		505		529
Total Debt		307,732		285,801
Less: Unamortized debt issuance costs		(4,391)		(3,338)
Less: Current Maturities of Long-term Debt		(29,232)		(26,118)
Total Long-term Debt	$	274,109	$	256,345

	December 31,2020		December 31,2019
Notes payable under the Company’s 2019-1 EETC agreement dated December 2019, with original loan amounts of $248,587 payable in bi-annual installments through December 2027. These notes bear interest at an annual rate of between 4.13% and 6.95% and are secured by the equipment for which the loan was used	$	227,347	$	28,280
U. S. Department of the Treasury CARES Act Loan (see terms and conditions above)		45,419		—
Notes payable to Wilmington Trust Company dated October and November 2018, with original loan amounts totaling $55,671 payable in monthly installments through November 2023. These notes bore interest at an annual rate of 8.45%. They were refinanced in January 2020 through 2019-1 EETC notes		—		46,617
Note payable to Wilmington Trust Company dated February 2019, with an original loan amount of $12,750 payable in monthly installments of $151 through January 2024, and then final lump sum payment of $2,825 in February 2024. This note bears interest at an annual rate of 8.45% and is secured by the equipment for which the loan was used		9,813		11,237
Note payable to Wilmington Trust Company dated November 2018, with an original loan amount of $3,671 payable in monthly installments of $44 through October 2023, and then final lump sum payment of $1,101 in November 2023. This note bears interest at an annual rate of 8.45% and is secured by the equipment for which the loan was used		2,693		3,105
Note payable to Alliance Bank dated February 2019, with an original loan amount of $600 payable in monthly installments of $5 through March 2029. This note bears interest at an annual rate of 5.0%		519		569
Notes payable to Riverland Bank dated between April 2015 and May 2016, with original loan amounts totaling $734 payable in monthly installments with expirations between April 2020 and April 2021. The notes bear interest at an annual rate of 5.15% and are secured by the equipment for which the loan was used		10		97
Total Debt		285,801		89,905
Less: Unamortized debt issuance costs		(3,338)		(2,988)
Less: Current Maturities of Long-term Debt		(26,118)		(13,197)
Total Long-term Debt	$	256,345	$	73,720

Schedule of future maturities of the outstanding debt

	Debt Principal		Amortization of Debt
March 31, 2021	Payments		Issuance Costs		Net Debt
Remainder of 2021	$	28,799	$	(775)	$	28,024
2022		32,059		(983)		31,076
2023		44,900		(908)		43,992
2024		43,962		(785)		43,177
2025		45,062		(670)		44,392
Thereafter		112,950		(270)		112,680
Total	$	307,732	$	(4,391)	$	303,341

Year Ending December 31	Debt PrincipalPayments		Amortization of DebtIssuance Costs		Net Debt
2021	$	26,928	$	(810)	$	26,118
2022		28,846		(752)		28,094
2023		43,819		(678)		43,141
2024		67,659		(554)		67,105
2025		64,810		(342)		64,468
Thereafter		53,739		(202)		53,537
Total	$	285,801	$	(3,338)	$	282,463

Schedule of debt measured at fair value

	March 31, 2021		December 31, 2020
Carrying Amount	$	307,732	$	285,801
Fair Value	$	301,513	$	279,119

	December 31, 2020		December 31, 2019
Carrying Amount	$	285,801	$	89,905
Fair Value	$	279,119	$	96,342