XML 48 R30.htm IDEA: XBRL DOCUMENT v3.24.0.1
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2023
Debt Disclosure [Abstract]  
Summary of Long-Term Debt
Long-term debt consisted of the following:
As of December 31,
(in thousands)20232022
Fixed-rate debt and finance lease obligations due through 2032$1,834,754 $1,720,998 
Variable-rate debt due through 2029424,900 375,980 
Total long-term debt and finance lease obligations, net of related costs2,259,654 2,096,978 
Less current maturities, net of related costs439,937 152,900 
Long-term debt and finance lease obligations, net of current maturities and related costs$1,819,717 $1,944,078 
Weighted average fixed-interest rate on debt6.3 %6.5 %
Weighted average variable-interest rate on debt7.9 %6.1 %
Interest Rate(s) Per Annum atAs of December 31,
(in thousands)Maturity DatesDecember 31, 202320232022
Senior secured notes20277.25%$550,000 $700,000 
Consolidated variable interest entities2024—20292.92 %—5.19%130,650 79,453 
Revolving credit facilities2024—20277.97%200,000 30,327 
Debt secured by aircraft, engines, other equipment and real estate2025—20311.87 %—8.26%596,271 466,335 
Finance leases2028—20324.44 %—7.01%455,248 494,328 
Construction loan agreement20285.75%350,000 350,000 
Total debt$2,282,169 $2,120,443 
Related costs(22,515)(23,465)
Total debt net of related costs$2,259,654 $2,096,978 
Schedule of Maturities of Long-term Debt
Maturities of long-term debt as of December 31, 2023, for the next five years and thereafter, in the aggregate, are:

(in thousands)As of December 31, 2023
2024(1)
439,937 
2025180,611 
2026176,152 
2027709,354 
2028328,569 
Thereafter425,031 
Total debt and finance lease obligations, net of related costs$2,259,654