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Segments
 6 Months Ended
Jun. 30, 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 June 30, 2023
Operating revenue:
Passenger$642,747 $— $642,747 
Third party products28,904 — 28,904 
Fixed fee contracts11,741 — 11,741 
Other418 — 418 
Operating income127,508 5,921 133,429 
Interest expense, net(1)
20,252 5,426 25,678 
Capitalized interest(3,409)(5,472)(8,881)
Depreciation and amortization53,843 90 53,933 
Capital expenditures176,023 97,019 273,042 
Three Months Ended June 30, 2022
Operating revenue:
Passenger$592,604 $— $592,604 
Third party products27,787 — 27,787 
Fixed fee contracts8,920 — 8,920 
Other536 — 536 
Operating income (loss)27,882 (1,752)26,130 
Interest expense, net(1)
18,325 3,954 22,279 
Capitalized interest(923)(1,159)(2,082)
Depreciation and amortization49,170 13 49,183 
Capital expenditures96,023 73,595 169,618 
(in thousands)AirlineSunseeker ResortConsolidated
Six Months Ended June 30, 2023
Operating revenue:
Passenger$1,252,023 $— $1,252,023 
Third party products54,942 — 54,942 
Fixed fee contract25,858 — 25,858 
Other669 5 674 
Operating income225,081 3,172 228,253 
Interest expense, net(1)
40,502 10,791 51,293 
Capitalized interest(4,919)(9,142)(14,061)
Depreciation and amortization108,465 148 108,613 
Capital expenditures268,627 182,639 451,266 
Six Months Ended June 30, 2022
Operating revenue:
Passenger$1,056,566 $— $1,056,566 
Third party products50,267 — 50,267 
Fixed fee contract22,305 — 22,305 
Other818 — 818 
Operating income (loss)38,059 (4,700)33,359 
Interest expense, net(1)
34,661 6,636 41,297 
Capitalized interest(1,431)(1,867)(3,298)
Depreciation and amortization95,509 17 95,526 
Capital expenditures238,201 137,376 375,577 
(1) Excludes losses (net of gains) on debt extinguishment of $242 thousand and $206 thousand for quarter-to-date and year-to-date 2023 respectively. There were no losses on debt extinguishment for the corresponding periods in 2022.
Total assets were as follows as of the dates indicated:
(in thousands)As of June 30, 2023As of December 31, 2022
Airline$4,226,140 $4,047,134 
Sunseeker Resort603,406 464,163 
Consolidated$4,829,546 $4,511,297