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Long-Term Debt
 3 Months Ended
Mar. 31, 2024
Debt Disclosure [Abstract]  
Long-Term Debt 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, 2024December 31, 2023
Fixed-rate debt and finance lease obligations due through 2032$1,811,098 $1,834,754 
Variable-rate debt due through 2029437,650 424,900 
Total long-term debt and finance lease obligations, net of related costs2,248,748 2,259,654 
Less current maturities, net of related costs459,171 439,937 
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 debt6.3%6.3%
Weighted average variable-interest rate on debt7.9%7.9%
Interest Rate(s) Per Annum atBalance as of
(dollars in thousands)Maturity DatesMarch 31, 2024March 31, 2024December 31, 2023
Senior secured notes20277.25%$550,000 $550,000 
Consolidated variable interest entities2024-20292.92%-5.19%126,762 130,650 
Revolving credit facilities2024-20277.92%200,000 200,000 
Debt secured by aircraft, engines, other equipment and real estate2025-20311.87%-8.25%593,606 596,271 
Finance leases2028-20324.44%-7.01%449,044 455,248 
Construction loan agreement20285.75%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 

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 
2025180,611 
2026176,151 
2027709,354 
2028328,569 
2029142,531 
Thereafter282,500 
Total debt and finance lease obligations, net of related costs$2,248,748 

Debt Secured by Aircraft

During the three months ended March 31, 2024, the Company received $18.8 million in advances on a pre-delivery payment (PDP) credit facility secured by certain of the Company's Boeing aircraft purchase rights. The notes under the facility bear interest at a floating interest rate based on SOFR and mature on June 30, 2025 or upon delivery of the applicable aircraft.

Other Secured Debt
In March 2024, the Company entered into credit agreements for up to $218.5 million which will be collateralized by new aircraft upon delivery. The loans will bear interest at a variable rate based on 3-month SOFR and are payable in quarterly installments for a term of 12 years. No draws have been made on these financing commitments to date.