XML 59 R47.htm IDEA: XBRL DOCUMENT v3.22.0.1
Long-term Debt (Details)
$ / shares in Units, $ in Thousands
 12 Months Ended
Dec. 31, 2021
USD ($)
aircraft
$ / shares
shares
Dec. 31, 2020
USD ($)
$ / shares
shares
Debt Instrument [Line Items]    
Total long-term debt $ 3,140,938 $ 3,236,002
Current portion of long-term debt (395,371) (406,005)
Long-term portion of unamortized debt issue cost, net (28,147) (28,459)
Long-term debt, net of current maturities and debt issue costs 2,717,420 2,801,538
Current portion of long-term debt 395,371 406,005
Current portion of unamortized debt issue cost, net (3,573) (3,847)
Current portion of long-term debt, net of debt issue costs $ 391,798 $ 402,158
Effective interest rate (as a percent) 3.80% 4.00%
Warrants to purchase shares | shares 785,226  
Warrants exercise price | $ / shares $ 57.47  
Loan $ 260,640  
Repayment of debt 61,200  
Repayments of secured debt 80,100  
Aggregate amounts of principal maturities of long-term debt    
2022 395,371  
2023 403,091  
2024 398,084  
2025 413,846  
2026 423,227  
Thereafter 1,107,319  
Letters of credit 31,400 $ 35,500
Current borrowing capacity 43,600 39,500
Letters of credit and surety bonds outstanding with various banks and surety institutions $ 61,400 61,100
E175 [Member]    
Debt Instrument [Line Items]    
Number of aircraft delivered | aircraft 18  
Purchase of aircraft financed through long-term debt $ 354,600  
Minimum [Member] | E175 [Member]    
Debt Instrument [Line Items]    
Interest rate (as a percent) 2.70%  
Debt instrument, term 5 years  
Maximum [Member] | E175 [Member]    
Debt Instrument [Line Items]    
Interest rate (as a percent) 3.10%  
Debt instrument, term 12 years  
Promissory note    
Debt Instrument [Line Items]    
Common stock value issued $ 5,800  
Long-term debt 95,400  
Principal amount $ 95,400  
Promissory note | Maximum [Member]    
Debt Instrument [Line Items]    
Warrants to purchase shares | shares 203,090  
Secured loan    
Debt Instrument [Line Items]    
Total long-term debt   $ 60,000
Warrants to purchase shares | shares   211,416
Warrants exercise price | $ / shares   $ 28.38
Warrant term   5 years
Loan   $ 60,000
Treasury Loan Agreement    
Debt Instrument [Line Items]    
Loan   60,000
Warrant Shares | PSP Extension Agreement    
Debt Instrument [Line Items]    
Warrants to purchase shares | shares 124,773  
Warrants exercise price | $ / shares $ 40.41  
Warrant term 5 years  
Warrant Shares | PSP 3 Agreement    
Debt Instrument [Line Items]    
Warrants to purchase shares | shares 78,317  
Warrants exercise price | $ / shares $ 57.47  
Warrant term 5 years  
Notes payable to banks, due in quarterly installments, plus interest at 2.33% to 5.08% through 2033, secured by aircraft    
Debt Instrument [Line Items]    
Total long-term debt $ 2,535,827 2,618,777
Notes payable to banks, due in quarterly installments, plus interest at 2.33% to 5.08% through 2033, secured by aircraft | Minimum [Member]    
Debt Instrument [Line Items]    
Interest rate (as a percent) 2.33%  
Notes payable to banks, due in quarterly installments, plus interest at 2.33% to 5.08% through 2033, secured by aircraft | Maximum [Member]    
Debt Instrument [Line Items]    
Interest rate (as a percent) 5.08%  
Notes payable to banks, due in monthly or semi-annual installments, plus interest at 2.68% to 5.03% through 2031, secured by aircraft    
Debt Instrument [Line Items]    
Total long-term debt $ 404,471 424,407
Notes payable to banks, due in monthly or semi-annual installments, plus interest at 2.68% to 5.03% through 2031, secured by aircraft | Minimum [Member]    
Debt Instrument [Line Items]    
Interest rate (as a percent) 2.68%  
Notes payable to banks, due in monthly or semi-annual installments, plus interest at 2.68% to 5.03% through 2031, secured by aircraft | Maximum [Member]    
Debt Instrument [Line Items]    
Interest rate (as a percent) 5.03%  
Notes payable to US Government, interest due quarterly at 1.00% through 2025 and based on SOFR plus spread from 2025 through 2031, unsecured    
Debt Instrument [Line Items]    
Interest rate (as a percent) 1.00%  
Total long-term debt $ 200,640 105,210
Notes payable to US Government, interest due quarterly based on LIBOR plus interest spread currently at 3.22% through 2025, secured by parts and engines    
Debt Instrument [Line Items]    
Total long-term debt   60,000
Notes payable to bank, due in monthly installments interest based on LIBOR plus interest spread at 2.65% through 2021    
Debt Instrument [Line Items]    
Interest rate (as a percent) 2.65%  
Total long-term debt   13,795
Notes payable to banks, due in semi-annual installments plus interest at 6.24% to 6.51% through 2021, secured by aircraft    
Debt Instrument [Line Items]    
Total long-term debt   7,608
Notes payable to banks, due in semi-annual installments plus interest at 6.24% to 6.51% through 2021, secured by aircraft | Minimum [Member]    
Debt Instrument [Line Items]    
Interest rate (as a percent) 6.24%  
Notes payable to banks, due in semi-annual installments plus interest at 6.24% to 6.51% through 2021, secured by aircraft | Maximum [Member]    
Debt Instrument [Line Items]    
Interest rate (as a percent) 6.51%  
Notes payable to a financing company, due in semi-annual installments, with a fixed interest rate of 3.25% through 2021, secured by aircraft    
Debt Instrument [Line Items]    
Interest rate (as a percent) 3.25%  
Total long-term debt   6,205
Primarily related to acquisition of aircraft and certain spare engines    
Debt Instrument [Line Items]    
Total long-term debt $ 2,940,000 3,070,000
Line of Credit [Member]    
Aggregate amounts of principal maturities of long-term debt    
Maximum borrowing capacity 75,000 75,000
Amount outstanding $ 0 $ 0
LIBOR | Notes payable to banks, due in semi-annual installments plus interest at 6.24% to 6.51% through 2021, secured by aircraft    
Debt Instrument [Line Items]    
Interest rate (as a percent) 3.22%  
LIBOR | Line of Credit [Member]    
Debt Instrument [Line Items]    
Basis spread on variable rate 2.50%