Leases, Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2020

Leases, Commitments and Contingencies

Summary of related terms and discount rates

	June 30, 2020
Weighted-average remaining lease term for operating leases	6.7 years
Weighted-average discount rate for operating leases		6.1%

Summary of lease costs

	For the three months ended June 30,				For the six months ended June 30,
	2020		2019		2020		2019
Operating lease cost	$	24,140	$	27,647	$	49,158	$	54,868
Variable and short-term lease cost		1,207		1,346		2,551		2,821
Sublease income		(1,560)		—		(3,131)		—
Total lease cost	$	23,787	$	28,993	$	48,578	$	57,689

Schedule of future minimum rental payments for operating leases

July 2020 through December 2020	$	49,498
2021		85,084
2022		76,132
2023		69,394
2024		28,091
Thereafter		98,424
	$	406,623

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		Jul - Dec 2020		2021		2022		2023		2024		Thereafter
Operating lease payments for aircraft and facility obligations	$	406,623	$	49,498	$	85,084	$	76,132	$	69,394	$	28,091	$	98,424
Firm aircraft and spare engine commitments		661,406		110,007		159,719		391,680		—		—		—
Interest commitments (1)		570,669		81,103		111,231		96,260		79,076		63,594		139,405
Principal maturities on long-term debt		2,996,869		120,956		388,638		389,593		399,472		353,106		1,345,104
Total commitments and obligations	$	4,635,567	$	361,564	$	744,672	$	953,665	$	547,942	$	444,791	$	1,582,933

(1) At June 30, 2020, all of the Company’s total long-term debt had fixed interest rates.