Leases, Commitments, Guarantees and Contingencies (Tables)

6 Months Ended

Jun. 30, 2026

Leases, Commitments, Guarantees and Contingencies

Summary of related terms and discount rates

The table below presents lease related terms and discount rates as of June 30, 2026:

Weighted-average remaining lease term for operating leases	9.8 years
Weighted-average discount rate for operating leases	6.3%

Summary of lease costs

Weighted-average remaining lease term for operating leases	9.8 years
Weighted-average discount rate for operating leases	6.3%

Summary of commitments and obligations

The following table summarizes the Company’s commitments and obligations for future minimum rental payments required under operating leases that had initial or remaining non-cancelable lease terms as of June 30, 2026, firm aircraft and spare engine commitments, interest commitments and principal maturities on long-term debt as noted for each of the next five years and thereafter (in thousands):

	Total		Jul - Dec 2026		2027		2028		2029		2030		Thereafter
Operating lease payments for aircraft and facility obligations	$	125,124	$	11,396	$	22,600	$	17,502	$	14,670	$	7,627	$	51,329
Firm aircraft and spare engine commitments		2,164,005		327,291		533,728		331,374		325,670		335,505		310,437
Interest commitments		346,896		49,391		78,936		59,598		44,638		32,185		82,148
Principal maturities on long-term debt		2,310,957		317,807		535,395		367,963		264,869		289,849		535,074
Total commitments and obligations	$	4,946,982	$	705,885	$	1,170,659	$	776,437	$	649,847	$	665,166	$	978,988