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Long-Term Debt (Tables) | 9 Months Ended
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Sep. 30, 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) | September 30, 2024 |  | December 31, 2023
Fixed-rate debt and finance lease obligations due through 2032 | $ | 1,763,074 |  |  | $ | 1,834,754 |
Variable-rate debt due through 2036 | 425,058 |  |  | 424,900 |
Total long-term debt and finance lease obligations, net of related costs | 2,188,132 |  |  | 2,259,654 |
Less current maturities, net of related costs | 420,882 |  |  | 439,937 |
Long-term debt and finance lease obligations, net of current maturities and related costs | $ | 1,767,250 |  |  | $ | 1,819,717 |
Weighted average fixed-interest rate on debt | 6.4% |  | 6.3%
Weighted average variable-interest rate on debt | 7.7% |  | 7.9%
|  |  |  |  | Interest Rate(s) Per Annum at |  | Balance as of
(dollars in thousands) | Maturity Dates |  | September 30, 2024 |  | September 30, 2024 |  | December 31, 2023
Senior secured notes | 2027 |  | 7.25% |  | $ | 550,000 |  |  | $ | 550,000 |
Consolidated variable interest entities | 2024 | - | 2029 |  | 2.92% | - | 5.19% |  | 118,881 |  |  | 130,650 |
Revolving credit facilities | 2024 | - | 2027 |  | 7.72% |  | 124,395 |  |  | 200,000 |
Debt secured by aircraft, engines, other equipment and real estate | 2025 | - | 2036 |  | 1.87% | - | 8.91% |  | 625,889 |  |  | 596,271 |
Finance leases | 2028 | - | 2032 |  | 4.44% | - | 7.01% |  | 436,370 |  |  | 455,248 |
Sunseeker construction loan | 2028 |  | 5.75% |  | 350,000 |  |  | 350,000 |
Total debt |  |  |  |  | $ | 2,205,535 |  |  | $ | 2,282,169 |
Related costs |  |  |  |  |  |  |  |  | (17,403) |  |  | (22,515) |
Total debt net of related costs |  |  |  |  |  |  |  |  | $ | 2,188,132 |  |  | $ | 2,259,654 |
Schedule of Maturities of Long-Term Debt | Maturities of long term debt as of September 30, 2024, for the next five years and thereafter, in the aggregate, are:
(in thousands) | As of September 30, 2024
Remaining in 2024 | $ | 163,014 |
2025 | 319,157 |
2026 | 182,844 |
2027 | 716,227 |
2028 | 335,625 |
2029 | 150,803 |
Thereafter | 320,462 |
Total debt and finance lease obligations, net of related costs | $ | 2,188,132 |

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- 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
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