Leases (Tables)

12 Months Ended

Dec. 31, 2021

Leases

Summary of related terms and discount rates

	As of December 31, 2021
Weighted-average remaining lease term for operating leases	6.3 years
Weighted-average discount rate for operating leases	6.0%

Summary of lease costs

The Company’s lease costs for 2021 and 2020 included the following components (in thousands):

	For the year ended December 31,
	2021		2020
Operating lease cost	$	89,891	$	94,915
Variable and short-term lease cost		4,468		4,619
Sublease income		(6,552)		(6,304)
Total lease cost	$	87,807	$	93,230

Schedule of future minimum rental payments for operating leases

The following table summarizes future minimum rental payments primarily related to leased aircraft required under operating leases that had initial or remaining non-cancelable lease terms as of December 31, 2021 (in thousands):

2022	$	81,911
2023		75,598
2024		31,446
2025		17,481
2026		15,427
Thereafter		72,402
	$	294,265