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Long-Term Debt and Financing Arrangements (Tables) | 12 Months Ended
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Dec. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Outstanding Debt | Our outstanding Notes are as follows (in thousands):
| December 31, |  |  | December 31, |
| 2024 |  |  | 2023 |
Interim funding for equipment received and expected to be converted to an equipment note in subsequent year; interest paid at a variable rate | $ | - |  |  | $ | 3,265 |
Secured Equipment Notes due on various dates in 2029 commencing on various dates in 2024; interest is paid monthly at a fixed annual rate between 5.11% and 6.24% (1) |  | 21,400 |  |  |  | - |
Secured Equipment Notes due on various dates in 2028 commencing on various dates in 2023; interest is paid monthly at a fixed annual rate between 5.21% and 6.32% |  | 85,050 |  |  |  | 105,744 |
Secured Equipment Notes due on various dates in 2027 commencing on various dates in 2022 and 2023; interest is paid monthly at a fixed annual rate between 2.07% and 6.45% |  | 108,411 |  |  |  | 147,192 |
Secured Equipment Notes due on various dates in 2026 commencing on various dates in 2021; interest is paid monthly at a fixed annual rate between 1.48% and 2.41% |  | 36,942 |  |  |  | 55,797 |
Secured Equipment Notes due on various dates in 2025 commencing on various dates in 2020; interest is paid monthly at a fixed annual rate between 1.51% and 1.80% |  | 12,559 |  |  |  | 30,930 |
Secured Equipment Notes due on various dates in 2024 commencing on various dates in 2017, 2019 and 2020; interest is paid monthly at a fixed annual rate between 2.50% and 3.59% |  | - |  |  |  | 7,754 |
Total debt |  | 264,362 |  |  |  | 350,682 |
Less current portion of long-term debt |  | (100,001 | ) |  |  | (105,108 | )
Total long-term debt | $ | 164,361 |  |  | $ | 245,574 |
(1) Includes an immaterial amount of notes held at EASO with interest rates up to 13.95%.
Summary of Aggregate Principal Payments | Aggregate principal payments, in thousands, due subsequent to December 31, 2024, are as follows:
Year 1 | $ | 100,001 |
Year 2 |  | 84,812 |
Year 3 |  | 55,612 |
Year 4 |  | 22,453 |
Year 5 |  | 1,484 |
| $ | 264,362 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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