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Segments (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2024																		Three Months Ended June 30, 2023
			Airline						Sunseeker						Consolidated						Airline						Sunseeker						Consolidated
OPERATING REVENUES:
Passenger			$	594,499					$	—					$	594,499					$	642,747					$	—					$	642,747
Third party products			37,102						—						37,102						28,904						—						28,904
Fixed fee contracts			17,699						—						17,699						11,741						—						11,741
Resort and other			172						16,811						16,983						418						—						418
Total operating revenues			649,472						16,811						666,283						683,810						—						683,810
OPERATING EXPENSES:
Salaries and benefits			197,417						12,525						209,942						174,967						2,203						177,170
Aircraft fuel			170,060						—						170,060						162,611						—						162,611
Station operations			69,798						—						69,798						66,715						—						66,715
Depreciation and amortization			59,345						6,016						65,361						53,843						90						53,933
Maintenance and repairs			30,730						—						30,730						33,634						—						33,634
Sales and marketing			25,918						1,580						27,498						29,518						350						29,868
Aircraft lease rentals			5,749						—						5,749						5,975						—						5,975
Other			23,426						10,708						34,134						29,039						2,644						31,683
Special charges, net of recoveries			20,073						(1,959)						18,114						—						(11,208)						(11,208)
Total operating expenses			602,516						28,870						631,386						556,302						(5,921)						550,381
OPERATING INCOME (LOSS)			46,956						(12,059)						34,897						127,508						5,921						133,429
Interest income			(11,130)						—						(11,130)						(11,845)						—						(11,845)
Interest expense			34,121						5,423						39,544						32,339						5,426						37,765
Capitalized interest			(11,609)						—						(11,609)						(3,409)						(5,472)						(8,881)
Capital expenditures			39,044						4,039						43,083						176,023						97,019						273,042

			Six Months Ended June 30, 2024																		Six Months Ended June 30, 2023
			Airline						Sunseeker						Consolidated						Airline						Sunseeker						Consolidated
OPERATING REVENUES:
Passenger			$	1,174,434					$	—					$	1,174,434					$	1,252,023					$	—					$	1,252,023
Third party products			70,501						—						70,501						54,942						—						54,942
Fixed fee contracts			36,560						—						36,560						25,858						—						25,858
Resort and other			495						40,698						41,193						674						—						674
Total operating revenues			1,281,990						40,698						1,322,688						1,333,497						—						1,333,497
OPERATING EXPENSES:
Salaries and benefits			396,926						26,343						423,269						332,488						4,305						336,793
Aircraft fuel			340,147						—						340,147						352,157						—						352,157
Station operations			136,266						—						136,266						128,234						—						128,234
Depreciation and amortization			117,212						11,993						129,205						108,465						148						108,613
Maintenance and repairs			61,008						—						61,008						60,076						—						60,076
Sales and marketing			54,796						3,602						58,398						56,158						638						56,796
Aircraft lease rentals			11,734						—						11,734						13,067						—						13,067
Other			57,742						23,363						81,105						57,752						4,576						62,328
Special charges, net of recoveries			34,987						(3,775)						31,212						14						(12,834)						(12,820)
Total operating expenses			1,210,818						61,526						1,272,344						1,108,411						(3,167)						1,105,244
OPERATING INCOME (LOSS)			71,172						(20,828)						50,344						225,086						3,167						228,253
Interest income			(23,371)						—						(23,371)						(21,974)						—						(21,974)
Interest expense			68,858						10,846						79,704						62,682						10,791						73,473
Capitalized interest			(22,468)						(326)						(22,794)						(4,919)						(9,142)						(14,061)
Capital expenditures			161,219						18,043						179,262						268,627						182,639						451,266

Total assets were as follows as of the dates indicated:

(in thousands)			As of June 30, 2024						As of December 31, 2023
Airline			$	4,250,797					$	4,213,288
Sunseeker Resort			652,815						656,122
Consolidated			$	4,903,612					$	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

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No definition available.

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