DEBT (Tables)

9 Months Ended

Sep. 30, 2025

Long-term Debt includes the following:


	September 30, 2025		December 31, 2024
2019-1 EETC (see terms and conditions above)	$	131,811	$	158,510
2022-1 EETC (see terms and conditions above)	118,288		138,532
2023 Term Loan Credit Facility (see terms and conditions above)	—		33,080
2025 Term Loan Facility (see terms and conditions above)	54,000		—
Total Debt	304,099		330,122
Less: Unamortized debt issuance costs	(2,809)		(3,000)
Less: Current Maturities of Long-term Debt, net	(74,650)		(87,579)
Total Long-term Debt, net	$	226,640	$	239,543

Schedule of future maturities of the outstanding debt

Future maturities of the outstanding Debt are as follows:


	Debt Principal Payments		Amortization of Debt Issuance Costs		Net Debt
Remainder of 2025	$	31,687	$	(278)	$	31,409
2026	63,363		(912)		62,451
2027	90,556		(699)		89,857
2028	24,646		(364)		24,282
2029	32,262		(263)		31,999
Thereafter	61,585		(293)		61,292
Total as of September 30, 2025	$	304,099	$	(2,809)	$	301,290

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details