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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash and Cash Equivalents $ 144,684,000 $ 83,219,000
Restricted Cash 21,357,000 17,252,000
Investments 89,629,000 104,053,000
Accounts Receivable, net of an allowance for credit losses of $408 and $617, respectively 53,722,000 35,296,000
Short-term Lessor Maintenance Deposits 22,738,000 521,000
Inventory, net of a reserve for obsolescence of $1,214 and $784, respectively 11,844,000 10,467,000
Prepaid Expenses 17,667,000 13,837,000
Other Current Assets 6,575,000 1,939,000
Total Current Assets 368,216,000 266,584,000
Property & Equipment, net:    
Finance Lease Assets 309,877,000 309,877,000
Total Property & Equipment 1,341,267,000 1,305,082,000
Accumulated Depreciation & Amortization (414,246,000) (334,993,000)
Total Property & Equipment, net 927,021,000 970,089,000
Other Assets:    
Goodwill 222,223,000 222,223,000
Other Intangible Assets, net of accumulated amortization of $34,480 and $29,903, respectively 73,261,000 77,838,000
Operating Lease Right-of-use Assets 14,257,000 16,896,000
Aircraft Deposits 5,575,000 7,925,000
Long-term Lessor Maintenance Deposits 45,361,000 53,624,000
Other Assets 24,550,000 14,998,000
Total Other Assets 385,227,000 393,504,000
Total Assets 1,680,464,000 1,630,177,000
Current Liabilities:    
Accounts Payable 57,628,000 56,034,000
Accrued Salaries, Wages, and Benefits 45,531,000 38,327,000
Accrued Transportation Taxes 22,923,000 20,534,000
Air Traffic Liabilities 167,024,000 160,686,000
Finance Lease Obligations 61,616,000 20,175,000
Loyalty Program Liabilities 10,233,000 10,121,000
Operating Lease Obligations 3,601,000 3,281,000
Current Maturities of Long-term Debt, net 68,017,000 87,579,000
Income Tax Receivable Agreement Liability 0 10,325,000
Other Current Liabilities 14,530,000 15,228,000
Total Current Liabilities 451,103,000 422,290,000
Long-term Liabilities:    
Finance Lease Obligations 189,471,000 251,087,000
Loyalty Program Liabilities 4,613,000 4,480,000
Operating Lease Obligations 13,792,000 17,369,000
Long-term Debt, net 255,329,000 239,543,000
Deferred Tax Liability 40,761,000 23,566,000
Income Tax Receivable Agreement Liability 87,169,000 87,369,000
Other Long-term Liabilities 13,070,000 14,100,000
Total Long-term Liabilities 604,205,000 637,514,000
Total Liabilities 1,055,308,000 1,059,804,000
Commitments and Contingencies (Note 17)
Stockholders' Equity:    
Common Stock with $0.01 par value, 995,000,000 shares authorized, 61,040,329 and 59,500,970 issued and 53,223,302 and 53,157,964 outstanding at December 31, 2025 and 2024, respectively 610,000 595,000
Preferred Stock with $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding at December 31, 2025 and 2024, respectively 0 0
Treasury Stock, at cost, 7,817,027 and 6,343,006 shares held at December 31, 2025 and 2024, respectively (125,881,000) (105,866,000)
Additional Paid-In Capital 550,471,000 528,604,000
Retained Earnings 199,941,000 147,132,000
Accumulated Other Comprehensive Income (Loss) 15,000 (92,000)
Total Stockholders' Equity 625,156,000 570,373,000
Total Liabilities and Stockholders' Equity 1,680,464,000 1,630,177,000
Aircraft and Flight Equipment    
Property & Equipment, net:    
Property and Equipment 861,100,000 775,210,000
Aircraft and Flight Equipment Held for Operating Lease    
Property & Equipment, net:    
Property and Equipment 62,923,000 124,383,000
Ground Equipment and Leasehold Improvements    
Property & Equipment, net:    
Property and Equipment 50,765,000 46,550,000
Computer Hardware and Software    
Property & Equipment, net:    
Property and Equipment 24,926,000 22,436,000
Rotable Parts    
Property & Equipment, net:    
Property and Equipment $ 31,676,000 $ 26,626,000