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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash and Cash Equivalents $ 111,834 $ 83,219
Restricted Cash 22,998 17,252
Investments 64,391 104,053
Accounts Receivable, net of an allowance for credit losses of $464 and $617, respectively 50,113 35,296
Short-term Lessor Maintenance Deposits 1,146 521
Inventory, net of a reserve for obsolescence of $1,081 and $784, respectively 11,672 10,467
Prepaid Expenses 18,143 13,837
Other Current Assets 4,504 1,939
Total Current Assets 284,801 266,584
Property & Equipment, net:    
Finance Lease Assets 309,877 309,877
Total Property & Equipment 1,311,683 1,305,082
Accumulated Depreciation & Amortization (396,292) (334,993)
Total Property & Equipment, net 915,391 970,089
Other Assets:    
Goodwill 222,223 222,223
Other Intangible Assets, net of accumulated amortization of $33,411 and $29,903, respectively 74,330 77,838
Operating Lease Right-of-use Assets 14,930 16,896
Aircraft Deposits 7,925 7,925
Long-term Lessor Maintenance Deposits 63,399 53,624
Other Assets 20,936 14,998
Total Other Assets 403,743 393,504
Total Assets 1,603,935 1,630,177
Current Liabilities:    
Accounts Payable 51,729 56,034
Accrued Salaries, Wages, and Benefits 39,952 38,327
Accrued Transportation Taxes 16,230 20,534
Air Traffic Liabilities 144,430 160,686
Finance Lease Obligations 21,166 20,175
Loyalty Program Liabilities 10,067 10,121
Operating Lease Obligations 3,517 3,281
Current Maturities of Long-term Debt, net 74,650 87,579
Income Tax Receivable Agreement Liability 1,192 10,325
Other Current Liabilities 13,480 15,228
Total Current Liabilities 376,413 422,290
Long-term Liabilities:    
Finance Lease Obligations 235,086 251,087
Loyalty Program Liabilities 4,578 4,480
Operating Lease Obligations 14,697 17,369
Long-term Debt, net 226,640 239,543
Deferred Tax Liability 36,328 23,566
Income Tax Receivable Agreement Liability 85,977 87,369
Other Long-term Liabilities 14,004 14,100
Total Long-term Liabilities 617,310 637,514
Total Liabilities 993,723 1,059,804
Commitments and Contingencies (see Note 11)
Stockholders' Equity:    
Common stock, with $0.01 par value, 995,000,000 shares authorized, 60,531,661 and 59,500,970 issued and 52,714,634 and 53,157,964 outstanding at September 30, 2025 and December 31, 2024, respectively 605 595
Preferred stock, with $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 0 0
Treasury stock, at cost, 7,817,027 and 6,343,006 shares held at September 30, 2025 and December 31, 2024, respectively (125,936) (105,866)
Additional Paid-In Capital 543,717 528,604
Retained Earnings 191,796 147,132
Accumulated Other Comprehensive Income (Loss) 30 (92)
Total Stockholders' Equity 610,212 570,373
Total Liabilities and Stockholders' Equity 1,603,935 1,630,177
Aircraft and Flight Equipment    
Property & Equipment, net:    
Property & Equipment, net: 801,488 775,210
Aircraft and Flight Equipment Held for Operating Lease    
Property & Equipment, net:    
Property & Equipment, net: 93,548 124,383
Ground Equipment and Leasehold Improvements    
Property & Equipment, net:    
Property & Equipment, net: 50,683 46,550
Computer Hardware and Software    
Property & Equipment, net:    
Property & Equipment, net: 25,028 22,436
Rotable Parts    
Property & Equipment, net:    
Property & Equipment, net: $ 31,059 $ 26,626