Leases, Commitments, Guarantees and Contingencies (Tables)

6 Months Ended

Jun. 30, 2023

Leases, Commitments, Guarantees and Contingencies

Summary of related terms and discount rates

Weighted-average remaining lease term for operating leases	9.7 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,
	2023		2022		2023		2022
Operating lease cost	$	7,857	$	21,822	$	32,805	$	43,663
Variable and short-term lease cost		534		805		1,337		1,822
Sublease income		(1,351)		(1,845)		(2,701)		(3,648)
Total lease cost	$	7,040	$	20,782	$	31,441	$	41,837

Schedule of future minimum rental payments for operating leases

July 2023 through December 2023	$	9,846
2024		22,266
2025		17,188
2026		13,509
2027		12,316
Thereafter		54,344
Total future minimum operating lease payments	$	129,469

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 2023		2024		2025		2026		2027		Thereafter
Operating lease payments for aircraft and facility obligations	$	129,469	$	9,846	$	22,266	$	17,188	$	13,509	$	12,316	$	54,344
Firm aircraft and spare engine commitments		127,337		72,670		26,896		27,771		—		—		—
Interest commitments (1)		515,372		64,590		115,322		95,225		75,663		54,039		110,533
Principal maturities on long-term debt		3,212,622		223,985		444,898		529,506		507,629		461,083		1,045,521
Total commitments and obligations	$	3,984,800	$	371,091	$	609,382	$	669,690	$	596,801	$	527,438	$	1,210,398

(1) At June 30, 2023, the Company’s long-term debt had fixed interest rates.