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Segments (Tables)

6 Months Ended

Jun. 30, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

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

(in thousands)						Airline						Sunseeker Resort												Consolidated
Three Months Ended June 30, 2023
Operating revenue:
Passenger						$	642,747					$	—											$	642,747
Third party products						28,904						—												28,904
Fixed fee contracts						11,741						—												11,741
Other						418						—												418
Operating income						127,508						5,921												133,429
Interest expense, net(1)						20,252						5,426												25,678
Capitalized interest						(3,409)						(5,472)												(8,881)
Depreciation and amortization						53,843						90												53,933
Capital expenditures						176,023						97,019												273,042
Three Months Ended June 30, 2022
Operating revenue:
Passenger						$	592,604					$	—											$	592,604
Third party products						27,787						—												27,787
Fixed fee contracts						8,920						—												8,920
Other						536						—												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 amortization						49,170						13												49,183
Capital expenditures						96,023						73,595												169,618

(in thousands)						Airline						Sunseeker Resort												Consolidated
Six Months Ended June 30, 2023
Operating revenue:
Passenger						$	1,252,023					$	—											$	1,252,023
Third party products						54,942						—												54,942
Fixed fee contract						25,858						—												25,858
Other						669						5												674
Operating income						225,081						3,172												228,253
Interest expense, net(1)						40,502						10,791												51,293
Capitalized interest						(4,919)						(9,142)												(14,061)
Depreciation and amortization						108,465						148												108,613
Capital expenditures						268,627						182,639												451,266
Six Months Ended June 30, 2022
Operating revenue:
Passenger						$	1,056,566					$	—											$	1,056,566
Third party products						50,267						—												50,267
Fixed fee contract						22,305						—												22,305
Other						818						—												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 amortization						95,509						17												95,526
Capital expenditures						238,201						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, 2023						As of December 31, 2022
Airline			$	4,226,140					$	4,047,134
Sunseeker Resort			603,406						464,163
Consolidated			$	4,829,546					$	4,511,297

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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

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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