Flying Agreements Revenue and Lease, Airport Services and Other Revenues (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2022 and 2021 (in thousands):

	For the three months ended September 30,				For the nine months ended September 30,
	2022		2021		2022		2021
Capacity purchase agreements revenue: flight operations	$	376,596	$	308,273	$	1,112,526	$	792,501
Capacity purchase agreements revenue: aircraft lease and fixed revenue		292,174		282,498		864,178		770,548
Prorate agreements revenue		94,744		128,313		268,647		300,193
Flying agreements revenue	$	763,514	$	719,084	$	2,245,351	$	1,863,242

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 September 30, 2022 (in thousands):

July 2022 through December 2022	$	22,328
2023		76,223
2024		33,452
2025		17,590
2026		15,491
Thereafter		72,872
	$	237,956

Schedule of aircraft and agreements with major airline partners

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	80 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		158

American Capacity Purchase Agreement
Agreement	Aircraft type	Number of Aircraft	Term / Termination Dates
American Agreement (Capacity purchase agreement)	• E175 • CRJ 700	20 90	• Individual aircraft have scheduled removal dates from 2022 to 2032
Total under American Agreement		110

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

The following table represents the Company’s lease, airport services and other revenues for the three and nine months ended September 30, 2022 and 2021 (in thousands):

	For the three months ended September 30,				For the nine months ended September 30,
	2022		2021		2022		2021
Operating lease revenue	$	15,928	$	17,746	$	48,933	$	49,154
Airport customer service and other revenue		10,001		7,953		29,396		23,932
Lease, airport services and other	$	25,929	$	25,699	$	78,329	$	73,086

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 September 30, 2022 (in thousands):

October 2022 through December 2022	$	11,918
2023		47,303
2024		45,279
2025		40,317
2026		34,758
Thereafter		121,524
	$	301,099