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Flying Agreements Revenue and Lease, Airport Services and Other Revenues (Tables)
6 Months Ended
Jun. 30, 2023
Agreements with other airlines  
Schedule of revenue by type

The following table represents the Company’s flying agreements revenue by type for the three and six months ended June 30, 2023 and 2022 (in thousands):

For the three months ended June 30,

For the six months ended June 30,

    

2023

    

2022

2023

    

2022

Capacity purchase agreements flight operations revenue (non-lease component)

$

499,142

$

549,539

$

968,058

$

1,054,347

Capacity purchase agreements fixed aircraft lease revenue

74,042

129,502

148,522

253,587

Capacity purchase agreements variable aircraft lease revenue

 

44,984

 

 

88,089

 

Prorate agreements revenue

 

82,226

 

94,733

 

159,563

 

173,903

Flying agreements revenue

$

700,394

$

773,774

$

1,364,232

$

1,481,837

Schedule of aircraft and agreements with major airline partners

United Express Agreements

Agreement

    

Aircraft type

    

Number of
Aircraft

    

Term / Termination Dates

United Express Agreements

(capacity purchase agreement)

E175

CRJ 700

CRJ 200

90

19

70

Individual aircraft have scheduled removal dates from 2024 to 2029

United Express Prorate Agreement

(prorate agreement)

CRJ 200

19*

Terminable with 120-days’ notice

Total under United Express Agreements

198

Delta Connection Agreements

Agreement

    

Aircraft type

    

Number of
Aircraft

    

Term / Termination Dates

Delta Connection Agreement

(capacity purchase agreement)

E175

CRJ 900

CRJ 700

83

35

5

Individual aircraft have scheduled removal dates from 2023 to 2033

Delta Connection Prorate Agreement

(prorate agreement)

CRJ 900

CRJ 700

CRJ 200

6*

1*

17*

Terminable with 30-days’ notice

Total under Delta Connection Agreements

147

American Capacity Purchase Agreement

Agreement

    

Aircraft type

    

Number of
Aircraft

    

Term / Termination Dates

American Agreement

(capacity purchase agreement)

E175

CRJ 700

20

85

Individual aircraft have scheduled removal dates from 2024 to 2032

Total under American Agreement

105

Alaska Capacity Purchase Agreement

Agreement

    

Aircraft type

    

Number of
Aircraft

    

Term / Termination Dates

Alaska Agreement

(capacity purchase agreement)

E175

42

Individual aircraft have scheduled removal dates from 2030 to 2034

Schedule of future minimum rental payments for operating leases

July 2023 through December 2023

    

$

9,846

2024

 

22,266

2025

 

17,188

2026

 

13,509

2027

 

12,316

Thereafter

 

54,344

Total future minimum operating lease payments

$

129,469

Schedule of allowance for credit losses

The following table summarizes the changes in allowance for credit losses:

    

Allowance for Credit Losses

Balance at December 31, 2022

$

37,385

Adjustments to credit loss reserves

 

2,086

Write-offs charged against allowance

 

(3,570)

Balance at June 30, 2023

$

35,901

Airport customer service and other  
Agreements with other airlines  
Schedule of revenue by type

For the three months ended June 30,

For the six months ended June 30,

    

2023

    

2022

2023

    

2022

    

Operating lease revenue

$

16,791

$

16,450

$

33,351

$

33,005

Airport customer service and other revenue

8,458

8,861

19,891

19,395

Lease, airport services and other

$

25,249

$

25,311

$

53,242

$

52,400

 

Aircraft  
Agreements with other airlines  
Schedule of future minimum rental payments for operating leases

For the three months ended June 30,

For the six months ended June 30,

    

2023

    

2022

2023

    

2022

    

Operating lease revenue

$

16,791

$

16,450

$

33,351

$

33,005

Airport customer service and other revenue

8,458

8,861

19,891

19,395

Lease, airport services and other

$

25,249

$

25,311

$

53,242

$

52,400