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.