EXECUTIVE SEPARATION AND MERGER-RELATED ITEMS

3 Months Ended

Mar. 31, 2026

Unusual or Infrequent Items, or Both [Abstract]

EXECUTIVE SEPARATION AND MERGER-RELATED ITEMS

The Company separately classified executive separation and Merger-related items in the condensed consolidated statements of operations, as such amounts are not anticipated to be incurred each year on a recurring basis. Certain prior year balances have been reclassified to conform to current year presentation.

Merger-related items—The Company incurred certain expenses for legal, audit, and advisory fees supporting Merger due diligence, registration of securities and Securities and Exchange Commission (“SEC”) filings, Merger planning, and integration costs during the three months ended March 31, 2026. Integration costs include the elimination of duplicate overheads and abandonment of certain operating agreements, including fleet-specific training and facilities. Additionally, the Company has incurred integration costs related to aircraft maintenance bridging, and standardization of crew training during the three months ended March 31, 2026. All costs of this nature are presented in executive separation and Merger-related items in the condensed consolidated statements of operations. Amounts incurred during the three months ended March 31, 2025 were reclassified to conform to current year presentation.

Executive separation and Merger-related items incurred during the three months ended March 31, are as follows:


	Three Months Ended
(in millions)	March 31, 2026		March 31, 2025
Merger-related items	$	9.5	$	4.4
Total	$	9.5	$	4.4