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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current Assets:    
Cash and Cash Equivalents $ 309,338 $ 62,028
Restricted Cash 8,447 8,335
Investments 6,283 5,624
Accounts Receivable, net of an allowance for credit losses of $250 and $224, respectively 30,156 28,690
Short-term Lessor Maintenance Deposits 5,505 3,101
Inventory, net of a reserve for obsolescence of $1,275 and $996, respectively 5,405 5,407
Prepaid Expenses 8,511 8,002
Other Current Assets 1,798 5,553
Total Current Assets 375,443 126,740
Property & Equipment, net:    
Property & Equipment 688,624 479,580
Accumulated Depreciation & Amortization (115,013) (65,065)
Total Property & Equipment, net 573,611 414,515
Other Assets:    
Goodwill 222,223 222,223
Other Intangible Assets, net 89,110 93,110
Operating Lease Right-of-use Assets 61,658 121,269
Aircraft Deposits 10,021 10,253
Long-term Lessor Maintenance Deposits 20,346 22,584
Deferred Tax Asset 18,737 36,216
Other Assets 5,495 6,357
Total Other Assets 427,590 512,012
Total Assets 1,376,644 1,053,267
Current Liabilities:    
Accounts Payable 39,805 34,035
Accrued Salaries, Wages, and Benefits 28,527 16,368
Accrued Transportation Taxes 12,736 5,883
Air Traffic Liabilities 118,562 101,075
Derivative Liabilities   1,174
Over-market Liabilities 4,309 9,281
Finance Lease Obligations 11,705 11,460
Loyalty Program Liabilities 11,451 7,016
Operating Lease Obligations 17,231 34,492
Current Maturities of Long-term Debt 29,412 26,118
Other Current Liabilities 7,913 6,841
Total Current Liabilities 281,651 253,743
Long-term Liabilities:    
Over-market Liabilities 10,428 28,128
Finance Lease Obligations 180,450 95,710
Loyalty Program Liabilities 8,267 15,053
Operating Lease Obligations 58,810 112,707
Long-term Debt 248,014 256,345
Income Tax Receivable Agreement Liability 98,800  
Other Long-term Liabilities 3,413 7,764
Total Long-term Liabilities 608,182 515,707
Total Liabilities 889,833 769,450
Commitments and Contingencies (Note 16)
Stockholders' Equity:    
Common stock with $0.01 par value, 995,000,000 shares authorized, 57,872,452 and 46,839,659 issued and outstanding at December 31, 2021 and 2020, respectively. 579 468
Preferred stock with $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding at December 31, 2021 and 2020.
Loans to Stockholders   (3,500)
Additional Paid In Capital 485,638 248,525
Retained Earnings 594 38,324
Total Stockholders' Equity 486,811 283,817
Total Liabilities and Stockholders' Equity 1,376,644 1,053,267
Aircraft and Flight Equipment    
Property & Equipment, net:    
Property & Equipment 440,356 331,685
Leasehold Improvements, Aircraft, other    
Property & Equipment, net:    
Property & Equipment 20,876 13,526
Computer Hardware and Software    
Property & Equipment, net:    
Property & Equipment 8,785 7,845
Finance leases    
Property & Equipment, net:    
Property & Equipment 209,457 117,833
Rotable Parts    
Property & Equipment, net:    
Property & Equipment $ 9,150 $ 8,691