XML 37 R27.htm IDEA: XBRL DOCUMENT v3.20.1
Leases, Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2020
Leases, Commitments and Contingencies  
Summary of related terms and discount rates

March 31, 2020

Weighted-average remaining lease term for operating leases

    

6.8 years

    

Weighted-average discount rate for operating leases

6.4%

Summary of lease costs

For the three months ended March 31,

    

2020

    

2019

Operating lease cost

 

$

25,018

 

$

27,221

Variable and short-term lease cost

 

1,344

 

1,475

Sublease income

(1,571)

Total lease cost

 

$

24,791

 

$

28,696

Schedule of future minimum rental payments for operating leases

April 2020 through December 2020

    

$

75,137

 

2021

 

85,409

2022

 

75,776

2023

 

69,623

2024

 

28,320

Thereafter

 

100,234

$

434,499

Summary of commitments and obligations

The following table summarizes the Company’s commitments and obligations as noted for each of the next five years and thereafter (in thousands):

    

Total

    

Apr - Dec 2020

    

2021

    

2022

    

2023

    

2024

    

Thereafter

 

Operating lease payments for aircraft and facility obligations

$

434,499

$

75,137

$

85,409

$

75,776

$

69,623

$

28,320

$

100,234

 

Firm aircraft and spare engine commitments

 

714,797

435,183

274,114

5,500

Interest commitments (1)

 

543,153

88,581

104,678

90,251

73,946

59,373

126,324

Principal maturities on long-term debt

 

2,927,262

277,692

352,005

365,907

374,906

327,630

1,229,122

Total commitments and obligations

$

4,619,711

$

876,593

$

816,206

$

537,434

$

518,475

$

415,323

$

1,455,680

(1)At March 31, 2020, all of the Company’s total long-term debt had fixed interest rates.