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Property and Equipment, Net
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and Equipment, Net Property and Equipment, Net
The components of property and equipment, net are as follows (in millions):
December 31,
20252024
Flight equipment$652 $461 
Ground and other equipment191 167 
Less: accumulated depreciation(333)(252)
Total property and equipment, net$510 $376 
During the years ended December 31, 2025, 2024 and 2023 the Company deferred $152 million, $66 million and $77 million of costs for heavy maintenance, respectively.
The Company’s deferred heavy maintenance balance, net was $225 million and $126 million as of December 31, 2025 and 2024, respectively, and is included as a part of flight equipment within property and equipment, net on the Company’s consolidated balance sheets.