XML 34 R24.htm IDEA: XBRL DOCUMENT v3.23.3
Leases, Commitments, Guarantees and Contingencies (Tables)
9 Months Ended
Sep. 30, 2023
Leases, Commitments, Guarantees and Contingencies  
Summary of related terms and discount rates

​

​

​

​

​

Weighted-average remaining lease term for operating leases

10 years

Weighted-average discount rate for operating leases

6.1%

Summary of lease costs

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the three months ended September 30,

​

For the nine months ended September 30,

​

    

2023

    

2022

    

2023

    

2022

Operating lease cost

​

$

7,959

​

$

21,697

​

$

40,764

​

$

65,360

Variable and short-term lease cost

​

 

868

​

 

765

​

 

2,205

​

 

2,588

Sublease income

​

​

(1,350)

​

​

(1,845)

​

​

(4,051)

​

​

(5,492)

Total lease cost

​

$

7,477

​

$

20,617

 

$

38,918

​

$

62,456

Schedule of future minimum rental payments for operating leases

​

​

​

​

October 2023 through December 2023

    

$

5,044

2024

​

 

19,553

2025

​

 

16,240

2026

​

 

13,511

2027

​

 

12,316

Thereafter

​

 

54,367

Total future minimum operating lease payments

​

$

121,031

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

    

Oct - Dec 2023

    

2024

    

2025

    

2026

    

2027

    

Thereafter

Operating lease payments for aircraft and facility obligations

​

$

121,031

​

$

5,044

​

$

19,553

​

$

16,240

​

$

13,511

​

$

12,316

​

$

54,367

Firm aircraft and spare engine commitments

 

​

676,802

​

​

66,170

​

​

143,513

​

​

230,709

​

​

236,410

​

​

—

​

​

—

Interest commitments (1)

 

​

489,412

​

​

29,818

​

​

116,197

​

​

96,080

​

​

76,496

​

​

54,848

​

​

115,973

Principal maturities on long-term debt

 

​

3,102,315

​

​

116,693

​

​

444,128

​

​

529,014

​

​

507,787

​

​

461,378

​

​

1,043,315

Total commitments and obligations

​

$

4,389,560

​

$

217,725

​

$

723,391

​

$

872,043

​

$

834,204

​

$

528,542

​

$

1,213,655

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