XML 40 R29.htm IDEA: XBRL DOCUMENT v3.24.1.u1

Segments (Tables)

3 Months Ended

Mar. 31, 2024

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:

			Three Months Ended March 31, 2024																		Three Months Ended March 31, 2023
			Airline						Sunseeker						Consolidated						Airline						Sunseeker						Consolidated
OPERATING REVENUES:
Passenger			$	579,936					$	—					$	579,936					$	609,277					$	—					$	609,277
Third party products			33,399						—						33,399						26,037						—						26,037
Fixed fee contracts			18,861						—						18,861						14,117						—						14,117
Resort and other			323						23,887						24,210						251						5						256
Total operating revenues			632,519						23,887						656,406						649,682						5						649,687
OPERATING EXPENSES:
Salaries and benefits			199,508						13,819						213,327						157,521						2,102						159,623
Aircraft fuel			170,087						—						170,087						189,546						—						189,546
Station operations			66,468						—						66,468						61,520						—						61,520
Depreciation and amortization			57,868						5,976						63,844						54,622						58						54,680
Sales and marketing			28,878						1,541						30,419						26,640						288						26,928
Maintenance and repairs			30,278						—						30,278						26,442						—						26,442
Aircraft lease rentals			5,985						—						5,985						7,092						—						7,092
Other			34,315						13,136						47,451						28,711						1,932						30,643
Special charges, net of recoveries			14,915						(1,816)						13,099						14						(1,626)						(1,612)
Total operating expenses			608,302						32,656						640,958						552,108						2,754						554,862
OPERATING INCOME (LOSS)			24,217						(8,769)						15,448						97,574						(2,749)						94,825
Interest income			(12,241)						—						(12,241)						(10,128)						—						(10,128)
Interest expense			34,737						5,423						40,160						30,343						5,365						35,708
Capitalized interest			(10,859)						(326)						(11,185)						(1,510)						(3,670)						(5,180)
Capital expenditures			122,175						14,004						136,179						92,432						85,620						178,052

Total assets were as follows as of the dates indicated:

(in thousands)			As of March 31, 2024						As of December 31, 2023
Airline			$	4,265,765					$	4,213,288
Sunseeker Resort			669,366						656,122
Consolidated			$	4,935,131					$	4,869,410

X

- 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

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration