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Segments
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Segments Segments
Operating segments are components of a company for which separate financial and operating information is regularly evaluated and reported to the Chief Operating Decision Maker ("CODM"), and is used to allocate resources and analyze performance. The Company's CODM is the executive leadership team, which reviews information about the Company's two operating segments: Airline and Sunseeker Resort.

Airline Segment

The Airline segment operates as a single business unit and includes all scheduled service air transportation, ancillary air-related products and services, third party products and services, fixed fee contract air transportation and other airline-related revenue. The CODM evaluation includes, but is not limited to, route and flight profitability data, ancillary and third party product and service offering statistics, and fixed fee contract information when making resource allocation decisions with the goal of optimizing consolidated financial results.

Sunseeker Resort Segment

The Sunseeker Resort segment represents activity related to the development and construction of Sunseeker Resort in Southwest Florida, as well as the renovation of Aileron Golf Course (formerly known as Kingsway Golf Course). Plans for the resort include a 500-room hotel and two towers offering more than 180 one, two and three-bedroom suites, bar and restaurant options, and other amenities. The golf course is a short drive from the resort and is considered, from a planning and strategic perspective, to be an additional resort amenity. The construction of Sunseeker Resort is an extension of the Company's leisure travel focus and it is expected that many customers flying to Southwest Florida on Allegiant will elect to stay at this resort and enjoy its amenities.
Selected information for the Company's segments and the reconciliation to the consolidated financial statement amounts are as follows:
(in thousands)AirlineSunseeker ResortConsolidated
Three Months Ended March 31, 2023
Operating revenue:
Passenger$609,277 $— $609,277 
Third party products26,037 — 26,037 
Fixed fee contracts14,117 — 14,117 
Other251 256 
Operating income (loss)97,574 (2,749)94,825 
Interest expense, net18,741 1,695 20,436 
Depreciation and amortization54,622 58 54,680 
Capital expenditures92,432 85,620 178,052 
Three Months Ended March 31, 2022
Operating revenue:
Passenger$463,961 $— $463,961 
Third party products22,480 — 22,480 
Fixed fee contracts13,386 — 13,386 
Other281 282 
Operating income (loss)10,176 (2,947)7,229 
Interest expense, net15,828 1,974 17,802 
Depreciation and amortization46,341 46,343 
Capital expenditures142,178 63,781 205,959 
Total assets were as follows as of the dates indicated:
(in thousands)As of March 31, 2023As of December 31, 2022
Airline$4,130,023 $4,047,134 
Sunseeker Resort550,398 464,163 
Consolidated$4,680,421 $4,511,297