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Segments
 9 Months Ended
Sep. 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 September 30, 2023
Operating revenue:
Passenger$516,251 $— $516,251 
Third party products30,944 — 30,944 
Fixed fee contracts17,741 — 17,741 
Other419 4 423 
Operating income (loss)5,814 (23,697)(17,883)
Interest expense, net(1)
20,654 5,535 26,189 
Capitalized interest(8,224)(6,664)(14,888)
Depreciation and amortization55,730 86 55,816 
Capital expenditures157,579 78,254 235,833 
Three Months Ended September 30, 2022
Operating revenue:
Passenger$516,476 $— $516,476 
Third party products27,132 — 27,132 
Fixed fee contracts15,881 — 15,881 
Other836 — 836 
Operating income (loss)6,844 (37,755)(30,911)
Interest expense, net(1)
20,197 4,115 24,312 
Capitalized interest(1,315)(2,981)(4,296)
Depreciation and amortization50,064 28 50,092 
Capital expenditures165,814 91,076 256,890 
(in thousands)AirlineSunseeker ResortConsolidated
Nine Months Ended September 30, 2023
Operating revenue:
Passenger$1,768,274 $— $1,768,274 
Third party products85,886 — 85,886 
Fixed fee contracts43,599 — 43,599 
Other1,088 8 1,096 
Operating income (loss)230,894 (20,525)210,369 
Interest expense, net(1)
61,157 16,326 77,483 
Capitalized interest(13,143)(15,806)(28,949)
Depreciation and amortization164,196 234 164,430 
Capital expenditures425,996 260,892 686,888 
Nine Months Ended September 30, 2022
Operating revenue:
Passenger$1,573,041 $— $1,573,041 
Third party products77,399 — 77,399 
Fixed fee contracts38,186 — 38,186 
Other1,654 — 1,654 
Operating income (loss)44,902 (42,455)2,447 
Interest expense, net(1)
54,857 10,752 65,609 
Capitalized interest(2,746)(4,848)(7,594)
Depreciation and amortization145,573 45 145,618 
Capital expenditures404,015 228,452 632,467 
(1) Excludes losses (net of gains) on debt extinguishment of $600 thousand and $806 thousand for quarter-to-date and year-to-date 2023 respectively. During the third quarter 2022, the Company recognized a loss on debt extinguishment of $5.0 million in relation to the prepayment of its Term Loan B.
Total assets were as follows as of the dates indicated:
(in thousands)As of September 30, 2023As of December 31, 2022
Airline$4,283,299 $4,047,134 
Sunseeker Resort629,037 464,163 
Consolidated$4,912,336 $4,511,297