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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure [Table]        
Pay vs Performance [Table Text Block]

PAY VERSUS PERFORMANCE

 

As required by Section 953(a) of the Dodd-Frank Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between compensation actually paid to our NEOs and certain financial performance metrics of the Company using a methodology that has been prescribed by the SEC.

         Average
Summary
  Average  Value of Initial Fixed $100
Investment Based on:
      
Fiscal
Year
  Summary
Compensation
Table Total
for PEO
($)(1)
  Compensation
Actually Paid
to PEO
($)(1)(2)
  Compensation
Table Total
for non-PEO
NEOs
($)(1)
  Compensation
Actually Paid
to non-PEO
NEOs
($)(1)(2)
  Total
Shareholder
Return
($)
  Peer Group
Total
Shareholder
Return
($)(3)
  Net Income
($ millions)
  GAAP
Pre-tax
Margin
(%)(4)
(a)  (b)  (c)  (d)  (e)  (f)  (g)  (h)  (i)
2023  10,779,926  10,895,439  5,767,245  5,220,384  29.65  61.60  (310)  -3.5
2022  3,457,274  1,855,782  1,430,804  970,779  34.62  48.03  (362)  -4.8
2021  3,449,755  3,439,434  1,353,013  975,734  76.07  74.24  (182)  -4.4
2020  2,063,189  (953,474)  1,233,835  345,925  77.67  75.55  (1,356)  -64.0

 

(1) Our principal executive officer (PEO) for 2020-2023 is Robin Hayes. The non-PEO named executive officers reflected in columns (d) and (e) include the following individuals: Ursula Hurley (2021-2023), Joanna Geraghty (2020-2023), Carol Clements (2021-2023), Brandon Nelson (2020-2023), Stephen Priest (2020-2021) and Easwaran Sundaram (2020).

(2) The following amounts were deducted from / added to Summary Compensation Table (SCT) total compensation in accordance with the SEC-mandated adjustments to calculate Compensation Actually Paid (CAP) to our principal executive officer (PEO) and average CAP to our non-PEO named executive officers. The fair value of equity awards was determined using methodologies and assumptions developed in a manner substantively consistent with those used to determine the grant date fair value of such awards.

 

PEO SCT Total to CAP Reconciliation

 

  Fiscal Year 2023
($)
 
  SCT Total 10,779,926  
  - Grant Date Fair Value of Stock Awards Granted in Fiscal Year (5,449,979 )
  + Fair Value at Fiscal Year-End of Outstanding Unvested Stock Awards Granted in Fiscal Year 3,791,377  
  ± Change in Fair Value of Outstanding Unvested Stock Awards Granted in Prior Fiscal Years 960,484  
  + Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year 80,937  
  ± Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year 732,694  
  - Fair Value as of Prior Fiscal Year-End of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year 0  
  Compensation Actually Paid 10,895,439  
       

 

  Non-PEO NEO Average SCT Total to Average CAP Reconciliation    
       
  Fiscal Year 2023
($)
 
  Average SCT Total 5,767,245  
  - Grant Date Fair Value of Stock Awards Granted in Fiscal Year (3,328,112 )
  + Fair Value at Fiscal Year-End of Outstanding Unvested Stock Awards Granted in Fiscal Year 2,350,093  
  ± Change in Fair Value of Outstanding Unvested Stock Awards Granted in Prior Fiscal Years 205,957  
  + Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year 0  
  ± Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year 225,200  
  - Fair Value as of Prior Fiscal Year-End of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year 0  
  Average Compensation Actually Paid 5,220,384  

 

(3) The Peer Group for which Total Shareholder Return is provided in column (g) is the NYSE Arca Airline Index.
(4) Pre-tax Margin calculated using GAAP figures.
     
Company Selected Measure Name GAAP Pre-tax Margin      
Named Executive Officers, Footnote [Text Block]

 

(1) Our principal executive officer (PEO) for 2020-2023 is Robin Hayes. The non-PEO named executive officers reflected in columns (d) and (e) include the following individuals: Ursula Hurley (2021-2023), Joanna Geraghty (2020-2023), Carol Clements (2021-2023), Brandon Nelson (2020-2023), Stephen Priest (2020-2021) and Easwaran Sundaram (2020).
     
Peer Group Issuers, Footnote [Text Block] The Peer Group for which Total Shareholder Return is provided in column (g) is the NYSE Arca Airline Index.      
PEO Total Compensation Amount [1] $ 10,779,926 $ 3,457,274 $ 3,449,755 $ 2,063,189
PEO Actually Paid Compensation Amount [1],[2] $ 10,895,439 1,855,782 3,439,434 (953,474)
Adjustment To PEO Compensation, Footnote [Text Block]

PEO SCT Total to CAP Reconciliation

 

  Fiscal Year 2023
($)
 
  SCT Total 10,779,926  
  - Grant Date Fair Value of Stock Awards Granted in Fiscal Year (5,449,979 )
  + Fair Value at Fiscal Year-End of Outstanding Unvested Stock Awards Granted in Fiscal Year 3,791,377  
  ± Change in Fair Value of Outstanding Unvested Stock Awards Granted in Prior Fiscal Years 960,484  
  + Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year 80,937  
  ± Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year 732,694  
  - Fair Value as of Prior Fiscal Year-End of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year 0  
  Compensation Actually Paid 10,895,439  
       
     
Non-PEO NEO Average Total Compensation Amount [1] $ 5,767,245 1,430,804 1,353,013 1,233,835
Non-PEO NEO Average Compensation Actually Paid Amount [1],[2] $ 5,220,384 970,779 975,734 345,925
Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

  Non-PEO NEO Average SCT Total to Average CAP Reconciliation    
       
  Fiscal Year 2023
($)
 
  Average SCT Total 5,767,245  
  - Grant Date Fair Value of Stock Awards Granted in Fiscal Year (3,328,112 )
  + Fair Value at Fiscal Year-End of Outstanding Unvested Stock Awards Granted in Fiscal Year 2,350,093  
  ± Change in Fair Value of Outstanding Unvested Stock Awards Granted in Prior Fiscal Years 205,957  
  + Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year 0  
  ± Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year 225,200  
  - Fair Value as of Prior Fiscal Year-End of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year 0  
  Average Compensation Actually Paid 5,220,384  
     
Compensation Actually Paid vs. Total Shareholder Return [Text Block]

 

 

The chart below illustrates the relationship between the PEO and average Non-PEO CAP amounts and the Company’s and Peer Group’s TSR during the period 2020-2023.

 

 

     
Compensation Actually Paid vs. Net Income [Text Block]

 

 

The charts below illustrate the relationship between the PEO and Non-PEO CAP amounts and the Company’s Net Income and Pre-tax Margin during the period 2020-2023.

 

 

     
Compensation Actually Paid vs. Company Selected Measure [Text Block]

 

The charts below illustrate the relationship between the PEO and Non-PEO CAP amounts and the Company’s Net Income and Pre-tax Margin during the period 2020-2023.

 

     
Total Shareholder Return Vs Peer Group [Text Block]

 

The chart below illustrates the relationship between the PEO and average Non-PEO CAP amounts and the Company’s and Peer Group’s TSR during the period 2020-2023.

 

     
Tabular List [Table Text Block]

Tabular List of Most Important Performance Measures

 

The five items listed below represent the most important performance metrics we used to determine CAP for FY2023 as further described in our Compensation Discussion and Analysis within the sections titled “Annual Cash Incentive Awards” and “Long-Term Equity Awards.”

 

Most Important Performance Measures
  Absolute Pre-Tax Margin
  Relative Pre-Tax Margin
  Controllable Costs
  Crewmember WOW
  On-time Performance
     
Total Shareholder Return Amount $ 29.65 34.62 76.07 77.67
Peer Group Total Shareholder Return Amount [3] 61.60 48.03 74.24 75.55
Net Income (Loss) Attributable to Parent $ (310,000,000) $ (362,000,000) $ (182,000,000) $ (1,356,000,000)
Company Selected Measure Amount [4] (0.035) (0.048) (0.044) (0.640)
PEO Name Robin Hayes Robin Hayes Robin Hayes Robin Hayes
Measure [Axis]: 1        
Pay vs Performance Disclosure [Table]        
Measure Name Absolute Pre-Tax Margin      
Measure [Axis]: 2        
Pay vs Performance Disclosure [Table]        
Measure Name Relative Pre-Tax Margin      
Measure [Axis]: 3        
Pay vs Performance Disclosure [Table]        
Measure Name Controllable Costs      
Measure [Axis]: 4        
Pay vs Performance Disclosure [Table]        
Measure Name Crewmember WOW      
Measure [Axis]: 5        
Pay vs Performance Disclosure [Table]        
Measure Name On-time Performance      
PEO [Member] | - Grant Date Fair Value of Stock Awards Granted in Fiscal Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount $ (5,449,979)      
PEO [Member] | + Fair Value at Fiscal Year-End of Outstanding Unvested Stock Awards Granted in Fiscal Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 3,791,377      
PEO [Member] | ± Change in Fair Value of Outstanding Unvested Stock Awards Granted in Prior Fiscal Years        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 960,484      
PEO [Member] | + Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 80,937      
PEO [Member] | ± Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 732,694      
PEO [Member] | - Fair Value as of Prior Fiscal Year-End of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 0      
Non-PEO NEO [Member] | - Grant Date Fair Value of Stock Awards Granted in Fiscal Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount (3,328,112)      
Non-PEO NEO [Member] | + Fair Value at Fiscal Year-End of Outstanding Unvested Stock Awards Granted in Fiscal Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 2,350,093      
Non-PEO NEO [Member] | ± Change in Fair Value of Outstanding Unvested Stock Awards Granted in Prior Fiscal Years        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 205,957      
Non-PEO NEO [Member] | + Fair Value at Vesting of Stock Awards Granted in Fiscal Year That Vested During Fiscal Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 0      
Non-PEO NEO [Member] | ± Change in Fair Value as of Vesting Date of Stock Awards Granted in Prior Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount 225,200      
Non-PEO NEO [Member] | - Fair Value as of Prior Fiscal Year-End of Stock Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year        
Pay vs Performance Disclosure [Table]        
Adjustment to Compensation Amount $ 0      
[1] Our principal executive officer (PEO) for 2020-2023 is Robin Hayes. The non-PEO named executive officers reflected in columns (d) and (e) include the following individuals: Ursula Hurley (2021-2023), Joanna Geraghty (2020-2023), Carol Clements (2021-2023), Brandon Nelson (2020-2023), Stephen Priest (2020-2021) and Easwaran Sundaram (2020).
[2] The following amounts were deducted from / added to Summary Compensation Table (SCT) total compensation in accordance with the SEC-mandated adjustments to calculate Compensation Actually Paid (CAP) to our principal executive officer (PEO) and average CAP to our non-PEO named executive officers. The fair value of equity awards was determined using methodologies and assumptions developed in a manner substantively consistent with those used to determine the grant date fair value of such awards.
[3] The Peer Group for which Total Shareholder Return is provided in column (g) is the NYSE Arca Airline Index.
[4] Pre-tax Margin calculated using GAAP figures.