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Segments (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Selected information for the Company's operating segments and the reconciliation to the consolidated financial statement amounts are as follows:

			Three Months Ended September 30, 2024																		Three Months Ended September 30, 2023
			Airline						Sunseeker						Consolidated						Airline						Sunseeker						Consolidated
OPERATING REVENUES:
Passenger			$	488,989					$	—					$	488,989					$	516,251					$	—					$	516,251
Third party products			39,423						—						39,423						30,944						—						30,944
Fixed fee contracts			20,559						—						20,559						17,741						—						17,741
Resort and other			156						13,069						13,225						423						—						423
Total operating revenues			549,127						13,069						562,196						565,359						—						565,359
OPERATING EXPENSES:
Salaries and benefits			183,849						11,477						195,326						159,717						3,287						163,004
Aircraft fuel			148,241						—						148,241						167,861						—						167,861
Station operations			70,632						—						70,632						64,630						—						64,630
Depreciation and amortization			56,025						7,893						63,918						55,730						86						55,816
Maintenance and repairs			30,278						—						30,278						35,477						—						35,477
Sales and marketing			23,370						1,499						24,869						27,835						633						28,468
Aircraft lease rentals			5,920						—						5,920						5,906						—						5,906
Other			30,187						10,376						40,563						27,170						2,262						29,432
Special charges, net of recoveries			7,651						1,139						8,790						15,216						17,432						32,648
Total operating expenses			556,153						32,384						588,537						559,542						23,700						583,242
OPERATING INCOME (LOSS)			(7,026)						(19,315)						(26,341)						5,817						(23,700)						(17,883)
Interest income			(10,071)						—						(10,071)						(12,444)						—						(12,444)
Interest expense			33,582						5,483						39,065						33,698						5,535						39,233
Capitalized interest			(11,923)						—						(11,923)						(8,224)						(6,664)						(14,888)
Capital expenditures			40,731						1,063						41,794						157,579						78,254						235,833

			Nine Months Ended September 30, 2024																		Nine Months Ended September 30, 2023
			Airline						Sunseeker						Consolidated						Airline						Sunseeker						Consolidated
OPERATING REVENUES:
Passenger			$	1,663,423					$	—					$	1,663,423					$	1,768,274					$	—					$	1,768,274
Third party products			109,924						—						109,924						85,886						—						85,886
Fixed fee contracts			57,119						—						57,119						43,599						—						43,599
Resort and other			650						53,768						54,418						1,096						—						1,096
Total operating revenues			1,831,116						53,768						1,884,884						1,898,855						—						1,898,855
OPERATING EXPENSES:
Salaries and benefits			580,775						37,820						618,595						492,205						7,593						499,798
Aircraft fuel			488,388						—						488,388						520,018						—						520,018
Station operations			206,898						—						206,898						192,864						—						192,864
Depreciation and amortization			173,237						19,885						193,122						164,196						234						164,430
Maintenance and repairs			91,286						—						91,286						95,553						—						95,553
Sales and marketing			78,166						5,100						83,266						83,994						1,271						85,265
Aircraft lease rentals			17,653						—						17,653						18,973						—						18,973
Other			87,930						33,741						121,671						84,920						6,837						91,757
Special charges, net of recoveries			42,639						(2,637)						40,002						15,230						4,598						19,828
Total operating expenses			1,766,972						93,909						1,860,881						1,667,953						20,533						1,688,486
OPERATING INCOME (LOSS)			64,144						(40,141)						24,003						230,902						(20,533)						210,369
Interest income			(33,441)						—						(33,441)						(34,418)						—						(34,418)
Interest expense			102,441						16,328						118,769						96,381						16,326						112,707
Capitalized interest			(34,392)						(326)						(34,718)						(13,143)						(15,806)						(28,949)
Capital expenditures			201,950						19,105						221,055						425,996						260,892						686,888

Total assets were as follows as of the dates indicated:

(in thousands)			As of September 30, 2024						As of December 31, 2023
Airline			$	4,147,687					$	4,200,545
Sunseeker Resort			640,565						656,122
Consolidated			$	4,788,252					$	4,856,667

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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