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Leases (Notes)
6 Months Ended
Jun. 30, 2021
Leases [Abstract]  
Lessee, Leases [Policy Text Block] Leases
The Company evaluates all operating leases and they are measured on the balance sheet with a lease liability and right-of-use asset (“ROU”) at inception. ROU assets represent the Company’s right to use an underlying asset for the lease term, and lease liabilities represent the obligation to make scheduled lease payments. Airport terminal leases mostly include variable lease payments outside of those based on a fixed index, and are therefore not recorded as ROU assets.

The following table summarizes the Company's total assets and liabilities related to leases as of the dates indicated:
(in thousands)Classification on the Balance SheetJune 30, 2021December 31, 2020
Assets
Operating lease assets(1)
Operating lease right-of-use assets$128,537 $115,911 
Finance lease assets(2)
Property and equipment, net239,019 133,175 
Total lease assets$367,556 $249,086 
Liabilities
Current
Operating(1)
Current operating lease liabilities$16,940 $14,313 
Finance(2)
Current maturities of long-term debt and finance lease obligations13,835 9,767 
Noncurrent
Operating(1)
Noncurrent operating lease liabilities114,761 102,289 
Finance(2)
Long-term debt and finance lease obligations225,039 117,060 
Total lease liabilities$370,575 $243,429 
(1) Represents assets and liabilities of 16 aircraft, office equipment, certain airport and terminal facilities, and other assets under operating leases
(2) The June 30, 2021 number represents assets and liabilities of ten aircraft under finance leases

Sale-Leaseback Transaction

During the six months ended June 30, 2021, the Company entered into a sale-leaseback transaction involving three aircraft and generating $105.0 million of proceeds. The lease was classified as a finance lease and as a result, the transaction did not qualify as a sale. The aircraft were not removed from property and equipment in the Company's balance sheet and the Company recorded a financial liability in the amount of $105.0 million. The proceeds from this transaction are treated as cash inflows from finance lease obligations and reported in financing activities on the statement of cash flows.
Sale Leaseback Transactions [Text Block]
Sale-Leaseback Transaction

During the six months ended June 30, 2021, the Company entered into a sale-leaseback transaction involving three aircraft and generating $105.0 million of proceeds. The lease was classified as a finance lease and as a result, the transaction did not qualify as a sale. The aircraft were not removed from property and equipment in the Company's balance sheet and the Company recorded a financial liability in the amount of $105.0 million. The proceeds from this transaction are treated as cash inflows from finance lease obligations and reported in financing activities on the statement of cash flows.