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Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Summary of Long-Term Debt
Long-term debt consisted of the following:
As of December 31,
(in thousands)20242023
Fixed-rate debt and finance lease obligations due through 2032$1,481,186 $1,834,754 
Variable-rate debt due through 2036585,318 424,900 
Total long-term debt and finance lease obligations, net of related costs2,066,504 2,259,654 
Less current maturities, net of related costs454,769 439,937 
Long-term debt and finance lease obligations, net of current maturities and related costs$1,611,735 $1,819,717 
Weighted average fixed-interest rate on debt6.5 %6.3 %
Weighted average variable-interest rate on debt6.8 %7.9 %
Interest Rate(s) Per Annum atAs of December 31,
(in thousands)Maturity DatesDecember 31, 202420242023
Senior secured notes20277.25%$550,000 $550,000 
Consolidated variable interest entities2028—20292.92 %—5.19%107,959 130,650 
Revolving credit facilities2025—2027N/A— 200,000 
Debt secured by aircraft, engines, other equipment and real estate2025—20361.87 %—8.57%765,278 596,271 
Finance leases2028—20324.44 %—7.01%429,896 455,248 
Construction loan agreement20265.75%100,000 350,000 
Unsecured debt20256.15%130,500 — 
Total debt$2,083,633 $2,282,169 
Related costs(17,129)(22,515)
Total debt net of related costs$2,066,504 $2,259,654 
Schedule of Maturities of Long-term Debt
Maturities of long-term debt as of December 31, 2024, for the next five years and thereafter, in the aggregate, are:

(in thousands)As of December 31, 2024
2025(1)
454,769 
2026186,949 
2027673,600 
2028151,261 
2029160,510 
Thereafter439,415 
Total debt and finance lease obligations, net of related costs$2,066,504 
(1) Includes pre-delivery deposit financing which is due upon delivery of each respective aircraft