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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current Assets:    
Cash and Cash Equivalents $ 272,402 $ 309,338
Restricted Cash 8,085 8,447
Investments 6,233 6,283
Accounts Receivable, net of an allowance for credit losses of $376 and $250, respectively 31,733 30,156
Short-term Lessor Maintenance Deposits 6,698 5,505
Inventory, net of a reserve for obsolescence of $1,366 and $1,275, respectively 5,624 5,405
Prepaid Expenses 10,166 8,511
Other Current Assets 8,302 1,798
Total Current Assets 349,243 375,443
Property & Equipment, net:    
Finance Lease Assets 275,547 209,457
Property & Equipment 804,768 688,624
Accumulated Depreciation & Amortization (129,119) (115,013)
Total Property & Equipment, net 675,649 573,611
Other Assets:    
Goodwill 222,223 222,223
Other Intangible Assets, net 88,110 89,110
Operating Lease Right-of-use Assets 29,284 61,658
Aircraft Deposits 10,831 10,021
Long-term Lessor Maintenance Deposits 23,071 20,346
Deferred Tax Asset 15,955 18,737
Other Assets 5,226 5,495
Total Other Assets 394,700 427,590
Total Assets 1,419,592 1,376,644
Current Liabilities:    
Accounts Payable 49,890 39,805
Accrued Salaries, Wages, and Benefits 24,484 28,527
Accrued Transportation Taxes 14,098 12,736
Air Traffic Liabilities 110,946 118,562
Over-market Liabilities 3,063 4,309
Finance Lease Obligations 31,106 11,705
Loyalty Program Liabilities 11,490 11,451
Operating Lease Obligations 10,176 17,231
Current Maturities of Long-term Debt 34,741 29,412
Other Current Liabilities 11,482 7,913
Total Current Liabilities 301,476 281,651
Long-term Liabilities:    
Over-market Liabilities 4,730 10,428
Finance Lease Obligations 239,035 180,450
Loyalty Program Liabilities 5,884 8,267
Operating Lease Obligations 23,864 58,810
Long-term Debt 242,544 248,014
Income Tax Receivable Agreement Liability 105,600 98,800
Other Long-term Liabilities 3,168 3,413
Total Long-term Liabilities 624,825 608,182
Total Liabilities 926,301 889,833
Commitments and Contingencies (see Note 12)
Common Stock    
Common stock with $0.01 par value, 995,000,000 shares authorized, 57,964,320 and 57,872,452 issued and outstanding at March 31, 2022 and December 31, 2021, respectively. 580 579
Preferred Stock    
Preferred stock with $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding at March 31, 2022 and December 31, 2021. 0 0
Additional Paid-In Capital 488,480 485,638
Retained Earnings 4,231 594
Total Stockholders' Equity 493,291 486,811
Total Liabilities and Stockholders' Equity 1,419,592 1,376,644
Aircraft and Flight Equipment    
Property & Equipment, net:    
Property & Equipment, gross 486,374 440,356
Ground Equipment and Leasehold Improvements    
Property & Equipment, net:    
Property & Equipment, gross 24,451 20,876
Computer Hardware and Software    
Property & Equipment, net:    
Property & Equipment, gross 9,125 8,785
Rotable Parts    
Property & Equipment, net:    
Property & Equipment, gross $ 9,271 $ 9,150