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Operating Segments (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Selected information for the Company's segments and the reconciliation to the consolidated financial statement amounts are as follows:

(in thousands)			Airline						Sunseeker Resort						Other non- airline						Consolidated
Three Months Ended September 30, 2020
Operating revenue:
Passenger			$	181,916					$	—					$	—					$	181,916
Third party products			11,337						—						—						11,337
Fixed fee contract			5,284						—						—						5,284
Other			(224)						—						2,671						2,447
Operating income (loss) (1)			(28,836)						(2,619)						(1,626)						(33,081)
Interest expense, net			11,075						—						—						11,075
Depreciation and amortization			45,247						44						—						45,291
Capital expenditures			25,066						—						—						25,066
Three Months Ended September 30, 2019
Operating revenue:
Passenger			$	391,222					$	—					$	—					$	391,222
Third party products			18,207						—						—						18,207
Fixed fee contract			19,797						—						—						19,797
Other			1,648						251						5,384						7,283
Operating income (loss)			77,335						(1,281)						(3,938)						72,116
Interest expense, net			14,761						507						—						15,268
Depreciation and amortization			38,409						329						698						39,436
Capital expenditures			98,308						16,931						479						115,718
(in thousands)			Airline						Sunseeker Resort						Other non- airline						Consolidated
Nine Months Ended September 30, 2020
Operating revenue:
Passenger			$	677,347					$	—					$	—					$	677,347
Third party products			35,756						—						—						35,756
Fixed fee contract			17,440						—						—						17,440
Other			1,460						653						10,856						12,969
Operating income (loss) (2)			(83,106)						(142,741)						(31,490)						(257,337)
Interest expense, net			34,925						561						—						35,486
Depreciation and amortization			130,938						577						770						132,285
Capital expenditures			155,810						45,160						442						201,412
Nine Months Ended September 30, 2019
Operating revenue:
Passenger			$	1,265,978					$	—					$	—					$	1,265,978
Third party products			53,557						—						—						53,557
Fixed fee contract			42,859						—						—						42,859
Other			3,578						1,526						12,394						17,498
Operating income (loss)			291,371						(4,199)						(15,874)						271,298
Interest expense, net			43,906						1,143						—						45,049
Depreciation and amortization			110,528						811						2,773						114,112
Capital expenditures			305,356						33,502						11,329						350,187

(1) For the three months ended September 30, 2020, Operating loss was impacted by special charges of: $32.6 million for the Airline and $1.0 million for Other non-airline.

(2) For the nine months ended September 30, 2020, Operating loss was impacted by special charges of: $118.1 million for the Airline; $135.4 million for Sunseeker Resort; and $27.4 million for Other non-airline.

Total assets were as follows as of the dates indicated:

(in thousands)			September 30, 2020						December 31, 2019
Airline			$	3,170,834					$	2,830,236
Sunseeker Resort			37,264						133,362
Other non-airline			14,995						47,205
Consolidated			$	3,223,093					$	3,010,803

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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