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Long-Term Debt and Financing Arrangements (Tables)

6 Months Ended

Jun. 30, 2025


Our outstanding Notes are as follows (in thousands):	June 30,			December 31,
	2025			2024
Interim funding for equipment received and expected to be converted to an equipment note in a subsequent period; interest paid at a variable rate	$	857		$	-

Secured Equipment Note maturing in 2030 commencing in 2025; interest is paid monthly at a fixed annual rate between 5.34% and 5.40%		17,710			-

Secured Equipment Notes maturing 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)		18,549			21,400

Secured Equipment Notes maturing 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%		74,581			85,050

Secured Equipment Notes maturing 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%		88,315			108,411

Secured Equipment Notes maturing 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%		26,337			36,942

Secured Equipment Notes maturing 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%		5,571			12,559

Total debt		231,920			264,362

Less current portion of long-term debt		(97,641	)		(100,001	)

Total long-term debt	$	134,279		$	164,361

(1) Includes an immaterial amount of notes held at EASO with interest rates up to 13.95%.