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Leases (Tables)
12 Months Ended
Dec. 31, 2020
Leases  
Summary of related terms and discount rates

The table below presents lease related terms and discount rates as of December 31, 2020.

As of December 31, 2020

Weighted-average remaining lease term

    

    

Operating leases

6.50 years

Weighted-average discount rate

 

Operating leases

6.1%

Summary of lease costs

The Company’s lease costs for 2020 and 2019 included the following components (in thousands):

For the year ended December 31,

    

2020

    

2019

Operating lease cost

 

$

94,915

 

$

104,011

Variable and short-term lease cost

 

4,619

 

5,232

Sublease income

(6,304)

(1,436)

Total lease cost

 

$

93,230

 

$

107,807

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 December 31, 2020 (in thousands):

2021

    

$

85,869

 

2022

 

77,780

2023

 

69,530

2024

 

28,091

2025

 

15,751

Thereafter

 

82,719

$

359,740