DEBT (Tables)

12 Months Ended

Dec. 31, 2021

DEBT

Summary of long term debt

	December 31,
	2021		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, in June and December, through December 2027. These notes bear interest at an annual rate of between 4.13% and 6.95% and the weighted average interest rate is 4.76% as of December 31, 2021.	$	202,984	$	227,347
Delayed Draw Term Loan Facility (see terms and conditions above)		77,481		—
U. S. Department of the Treasury CARES Act Loan (see terms and conditions above)		—		45,419
Notes payable to Wilmington Trust Company. Notes bore interest at an annual rate of 8.45% and were scheduled to mature Nov. 2023 to Feb. 2024. In April 2021, these notes were repaid.		—		12,506
Other Notes payable. These notes bear interest at an annual rate of approximately 5.0% and mature March 2029.		466		529
Total Debt		280,931		285,801
Less: Unamortized debt issuance costs		(3,505)		(3,338)
Less: Current Maturities of Long-term Debt		(29,412)		(26,118)
Total Long-term Debt	$	248,014	$	256,345

Schedule of future maturities of the outstanding debt

	Debt Principal		Amortization of Debt
December 31	Payments		Issuance Costs		Net Debt
2022	$	30,367	$	(955)	$	29,412
2023		42,358		(882)		41,476
2024		44,000		(758)		43,242
2025		49,087		(643)		48,444
2026		84,281		(199)		84,082
Thereafter		30,838		(68)		30,770
Total	$	280,931	$	(3,505)	$	277,426

Schedule of debt measured at fair value

	December 31, 2021		December 31, 2020
Carrying Amount	$	280,931	$	285,801
Fair Value	$	272,004	$	279,119