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Consolidated statement of financial position - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 382,554 $ 613,313
Investments 955,604 585,919
Accounts receivable 197,642 168,990
Expendable parts and supplies 148,127 132,341
Prepaid expenses 55,209 42,926
Prepaid income tax 6,172 11,678
Other currents assets 32,769 21,710
Total current assets 1,778,077 1,576,877
Non-current assets    
Investments 248,579 248,936
Prepaid expenses 5,434 8,237
Property and equipment 4,120,055 3,458,260
Right of use assets 296,761 309,303
Intangible assets 104,071 96,753
Net defined benefit assets 3,221 1,058
Deferred tax assets 19,873 20,749
Other non-current assets 6,953 22,113
Total non-current assets 4,804,947 4,165,409
Total assets 6,583,024 5,742,286
Current liabilities    
Loans and borrowings 172,885 254,854
Current portion of lease liabilities 66,132 59,103
Trade, other payables and financial liabilities 167,014 231,998
Air traffic liability 737,616 621,895
Frequent flyer deferred revenue 74,216 59,449
Taxes payable 62,931 55,505
Accrued expenses payable 66,016 62,673
Income tax payable 11,929 9,801
Total current liabilities 1,358,739 1,355,278
Non-current liabilities    
Loans and borrowings long-term 1,807,556 1,415,953
Lease liabilities 258,383 270,594
Frequent flyer deferred revenue 81,369 72,616
Deferred tax liabilities 59,217 37,476
Other long-term liabilities 242,337 217,626
Total non-current liabilities 2,448,862 2,014,265
Total liabilities 3,807,601 3,369,543
Equity    
Additional paid in capital 220,190 214,542
Treasury stock (300,143) (291,438)
Retained earnings 2,840,559 2,434,677
Accumulated other comprehensive loss (15,939) (15,748)
Total equity 2,775,423 2,372,743
Commitments and contingencies 0 0
Total liabilities and equity 6,583,024 5,742,286
Class A common stock    
Equity    
Common stock 23,290 23,244
Total equity 23,290 23,244
Class B common stock    
Equity    
Common stock 7,466 7,466
Total equity $ 7,466 $ 7,466