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Long-Term Debt
 9 Months Ended
Sep. 30, 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)September 30, 2024December 31, 2023
Fixed-rate debt and finance lease obligations due through 2032$1,763,074 $1,834,754 
Variable-rate debt due through 2036425,058 424,900 
Total long-term debt and finance lease obligations, net of related costs2,188,132 2,259,654 
Less current maturities, net of related costs420,882 439,937 
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 debt6.4%6.3%
Weighted average variable-interest rate on debt7.7%7.9%

Interest Rate(s) Per Annum atBalance as of
(dollars in thousands)Maturity DatesSeptember 30, 2024September 30, 2024December 31, 2023
Senior secured notes20277.25%$550,000 $550,000 
Consolidated variable interest entities2024-20292.92%-5.19%118,881 130,650 
Revolving credit facilities2024-20277.72%124,395 200,000 
Debt secured by aircraft, engines, other equipment and real estate2025-20361.87%-8.91%625,889 596,271 
Finance leases2028-20324.44%-7.01%436,370 455,248 
Sunseeker construction loan20285.75%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 

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 
2025319,157 
2026182,844 
2027716,227 
2028335,625 
2029150,803 
Thereafter320,462 
Total debt and finance lease obligations, net of related costs$2,188,132 

Debt Secured by Aircraft

During the nine months ended September 30, 2024, the Company received $18.8 million in advances and made $75.6 million in repayments on pre-delivery payment (PDP) credit facilities secured by certain aircraft purchase rights. The notes under the facilities bear interest at floating interest rates based on SOFR and are payable at maturity or upon delivery of the collateralized aircraft, whichever comes first.

During the three months ended September 30, 2024, the Company borrowed $75.2 million through two new debt facilities secured by two aircraft. These notes bear interest at floating interest rates based on SOFR, are payable in quarterly installments, and mature in September 2029 and September 2036.
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 drawings have been made on these financing commitments to date.