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Flying Agreements Revenue and Lease, Airport Services and Other Revenues (Tables)
6 Months Ended
Jun. 30, 2022
Agreements with other airlines  
Schedule of revenue by type

The following table represents the Company’s flying agreements revenue by type for the three and six months ended June 30, 2022 and 2021 (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the three months ended June 30,

​

For the six months ended June 30,

​

    

2022

    

2021

​

2022

    

2021

Capacity purchase agreements revenue: flight operations

​

$

387,456

​

$

273,176

​

$

735,930

​

$

484,228

Capacity purchase agreements revenue: aircraft lease and fixed revenue

​

 

291,585

​

 

256,559

​

 

572,004

​

 

488,050

Prorate agreements revenue

​

 

94,733

​

 

103,232

​

 

173,903

​

 

171,880

Flying agreements revenue

​

$

773,774

​

$

632,967

​

$

1,481,837

​

$

1,144,158

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 June 30, 2022 (in thousands):

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​

​

​

​

July 2022 through December 2022

    

$

45,893

2023

​

 

76,189

2024

​

 

32,796

2025

​

 

17,570

2026

​

 

15,491

Thereafter

​

 

72,850

​

​

$

260,789

Schedule of aircraft and agreements with major airline partners

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​

​

​

​

​

​

​

United Express Agreements

Agreement

    

Aircraft type

    

Number of
Aircraft

    

Term / Termination Dates

United Express Agreements

(Capacity purchase agreement)

​

•

E175

•

CRJ 700

•

CRJ 200

​

90

19

70

​

•

Individual aircraft have scheduled removal dates from 2024 to 2029

United Express Prorate Agreement

(Prorate agreement)

​

•

CRJ 200

​

41

​

•

Terminable with 120-day notice

Total under United Express Agreements

​

​

​

220

​

​

​

Delta Connection Agreements

Agreement

    

Aircraft type

    

Number of
Aircraft

    

Term / Termination Dates

Delta Connection Agreement

(Capacity purchase agreement)

​

•

E175

•

CRJ 900

•

CRJ 700

•

CRJ 200

​

​

73

44

5

9

​

•

Individual aircraft have scheduled removal dates from 2022 to 2032

Delta Connection Prorate Agreement

(Prorate agreement)

​

•

CRJ 200

​

20

​

•

Terminable with 30-day notice

Total under Delta Connection Agreements

​

​

​

151

​

​

​

​

​

​

​

​

​

​

American Capacity Purchase Agreement

Agreement

    

Aircraft type

    

Number of
Aircraft

    

Term / Termination Dates

American Agreement

(Capacity purchase agreement)

​

•

E175

•

CRJ 700

​

18

90

​

•

Individual aircraft have scheduled removal dates from 2022 to 2032

Total under American Agreements

​

​

​

108

​

​

​

​

Alaska Capacity Purchase Agreement

Agreement

    

Aircraft type

    

Number of
Aircraft

    

Term / Termination Dates

Alaska Agreement

(Capacity purchase agreement)

​

•

E175

​

42

​

•

Individual aircraft have scheduled removal dates from 2030 to 2034

Airport customer service and other  
Agreements with other airlines  
Schedule of revenue by type

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the three months ended June 30,

​

For the six months ended June 30,

​

    

2022

    

2021

​

2022

    

2021

Operating lease revenue

​

$

16,450

​

$

16,458

​

$

33,005

​

$

31,408

Airport customer service and other revenue

​

​

8,861

​

​

7,565

​

​

19,395

​

​

15,979

Lease, airport services and other

​

$

25,311

​

$

24,023

​

$

52,400

​

$

47,387

Aircraft  
Agreements with other airlines  
Schedule of future minimum rental payments for operating leases

The following table summarizes future minimum rental income under operating leases primarily related to leased aircraft and engines that had remaining non-cancelable lease terms as of June 30, 2022 (in thousands):

​

​

​

​

July 2022 through December 2022

    

$

23,754

2023

​

 

47,084

2024

​

 

45,053

2025

​

 

40,083

2026

​

 

34,516

Thereafter

​

 

120,636

​

​

$

311,126