XML 35 R24.htm IDEA: XBRL DOCUMENT
v3.23.2

Long-Term Debt (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Debt Disclosure [Abstract] |
Summary of Long-Term Debt | The following table summarizes the Company's long-term debt and finance lease obligations, net of related costs, as of the dates indicated:
(in thousands) | June 30, 2023 |  | December 31, 2022
Fixed-rate debt and finance lease obligations due through 2032 | $ | 1,797,006 |  |  | $ | 1,720,998 |
Variable-rate debt due through 2029 | 360,995 |  |  | 375,980 |
Total debt and finance lease obligations | 2,158,001 |  |  | 2,096,978 |
Less current maturities | 270,216 |  |  | 152,900 |
Long-term debt and finance lease obligations, net of current maturities | $ | 1,887,785 |  |  | $ | 1,944,078 |
Weighted average fixed-interest rate on debt | 6.5% |  | 6.5%
Weighted average variable-interest rate on debt | 7.2% |  | 6.1%
|  |  |  |  | Interest Rate(s) Per Annum at |  | As of
(in thousands) | Maturity Dates |  | June 30, 2023 |  | June 30, 2023 |  | December 31, 2022
Senior secured notes | 2024 | — | 2027 |  | 7.25 | % | — | 8.50% |  | $ | 700,000 |  |  | $ | 700,000 |
Consolidated variable interest entities | 2024 | — | 2029 |  | 2.92 | % | — | 4.09% |  | 101,091 |  |  | 79,453 |
Revolving credit facilities | 2024 | — | 2027 |  | 7.74% |  | 118,791 |  |  | 30,327 |
Debt secured by aircraft, engines, other equipment and real estate | 2025 | — | 2029 |  | 1.87 | % | — | 8.02% |  | 441,925 |  |  | 466,335 |
Finance leases | 2028 | — | 2032 |  | 4.44 | % | — | 7.00% |  | 467,394 |  |  | 494,328 |
Construction loan agreement | 2028 |  | 5.75% |  | 350,000 |  |  | 350,000 |
Total debt |  |  |  |  | $ | 2,179,201 |  |  | $ | 2,120,443 |
Related costs |  |  |  |  |  |  |  |  | (21,200) |  |  | (23,465) |
Total debt net of related costs |  |  |  |  |  |  |  |  | $ | 2,158,001 |  |  | $ | 2,096,978 |
Schedule of Maturities of Long-Term Debt | Maturities of long term debt as of June 30, 2023, for the next five years and thereafter, in the aggregate, are:
(in thousands) | As of June 30, 2023
Remaining in 2023 | $ | 59,762 |
2024 | 397,439 |
2025 | 180,237 |
2026 | 174,031 |
2027 | 728,415 |
2028 | 288,190 |
Thereafter | 329,927 |
Total debt and finance lease obligations, net of related costs | $ | 2,158,001 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration