XML 37 R26.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Long-Term Debt (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
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) | March 31, 2024 |  | December 31, 2023
Fixed-rate debt and finance lease obligations due through 2032 | $ | 1,811,098 |  |  | $ | 1,834,754 |
Variable-rate debt due through 2029 | 437,650 |  |  | 424,900 |
Total long-term debt and finance lease obligations, net of related costs | 2,248,748 |  |  | 2,259,654 |
Less current maturities, net of related costs | 459,171 |  |  | 439,937 |
Long-term debt and finance lease obligations, net of current maturities and related costs | $ | 1,789,577 |  |  | $ | 1,819,717 |
Weighted average fixed-interest rate on debt | 6.3% |  | 6.3%
Weighted average variable-interest rate on debt | 7.9% |  | 7.9%
|  |  |  |  | Interest Rate(s) Per Annum at |  | Balance as of
(dollars in thousands) | Maturity Dates |  | March 31, 2024 |  | March 31, 2024 |  | December 31, 2023
Senior secured notes | 2027 |  | 7.25% |  | $ | 550,000 |  |  | $ | 550,000 |
Consolidated variable interest entities | 2024 | - | 2029 |  | 2.92% | - | 5.19% |  | 126,762 |  |  | 130,650 |
Revolving credit facilities | 2024 | - | 2027 |  | 7.92% |  | 200,000 |  |  | 200,000 |
Debt secured by aircraft, engines, other equipment and real estate | 2025 | - | 2031 |  | 1.87% | - | 8.25% |  | 593,606 |  |  | 596,271 |
Finance leases | 2028 | - | 2032 |  | 4.44% | - | 7.01% |  | 449,044 |  |  | 455,248 |
Construction loan agreement | 2028 |  | 5.75% |  | 350,000 |  |  | 350,000 |
Total debt |  |  |  |  | $ | 2,269,412 |  |  | $ | 2,282,169 |
Related costs |  |  |  |  |  |  |  |  | (20,664) |  |  | (22,515) |
Total debt net of related costs |  |  |  |  |  |  |  |  | $ | 2,248,748 |  |  | $ | 2,259,654 |
Schedule of Maturities of Long-Term Debt | Maturities of long term debt as of March 31, 2024, for the next five years and thereafter, in the aggregate, are:
(in thousands) | As of March 31, 2024
Remaining in 2024 | $ | 429,032 |
2025 | 180,611 |
2026 | 176,151 |
2027 | 709,354 |
2028 | 328,569 |
2029 | 142,531 |
Thereafter | 282,500 |
Total debt and finance lease obligations, net of related costs | $ | 2,248,748 |

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