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Segments (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Segment profit or loss, revenues, significant segment expenses, and other required financial information for each of the Company's operating segments are set forth below:

			Twelve Months Ended December 31, 2024
(in thousands)			Airline						Sunseeker						Consolidated
REVENUES FROM EXTERNAL CUSTOMERS			$	2,440,839					$	71,750					$	2,512,589
OPERATING EXPENSES:
Salaries and benefits			770,667						49,176						819,843
Aircraft fuel			627,755						—						627,755
Station operations			272,843						—						272,843
Depreciation and amortization			231,789						26,462						258,251
Maintenance and repairs			125,430						—						125,430
Sales and marketing			99,269						7,071						106,340
Aircraft lease rentals			23,573						—						23,573
Other operating expense(1)			102,007						48,392						150,399
Special charges, net of recoveries			45,307						322,824						368,131
Total operating expenses			2,298,640						453,925						2,752,565
OPERATING INCOME (LOSS)			142,199						(382,175)						(239,976)
OTHER (INCOME) EXPENSES:
Interest income			(44,012)						—						(44,012)
Interest expense			135,584						20,859						156,443
Capitalized interest			(45,059)						(326)						(45,385)
Other non-operating expense(2)			1,428						—						1,428
INCOME (LOSS) BEFORE INCOME TAXES			$	94,258					$	(402,708)					$	(308,450)
Capital expenditures			244,802						19,499						264,301
Total assets			4,116,289						313,564						4,429,853

			Twelve Months Ended December 31, 2023
(in thousands)			Airline						Sunseeker						Consolidated
REVENUES FROM EXTERNAL CUSTOMERS			$	2,506,976					$	2,881					$	2,509,857
OPERATING EXPENSES:
Salaries and benefits			672,459						15,344						687,803
Aircraft fuel			695,871						—						695,871
Station operations			256,560						—						256,560
Depreciation and amortization			220,915						2,215						223,130
Maintenance and repairs			123,802						—						123,802
Sales and marketing			108,453						6,163						114,616
Aircraft lease rentals			24,948						—						24,948
Other operating expense(1)			117,400						16,101						133,501
Special charges, net of recoveries			35,091						(6,446)						28,645
Total operating expenses			2,255,499						33,377						2,288,876
OPERATING INCOME (LOSS)			251,477						(30,496)						220,981
OTHER (INCOME) EXPENSES:
Interest income			(46,615)						—						(46,615)
Interest expense			131,318						21,868						153,186
Capitalized interest			(21,838)						(23,294)						(45,132)
Other non-operating expense(2)			491						—						491
INCOME (LOSS) BEFORE INCOME TAXES			$	188,121					$	(29,070)					$	159,051
Capital expenditures			568,309						321,044						889,353
Total assets			4,200,545						656,122						4,856,667

			Twelve Months Ended December 31, 2022
(in thousands)			Airline						Sunseeker						Consolidated
REVENUES FROM EXTERNAL CUSTOMERS			$	2,301,829					$	—					$	2,301,829
OPERATING EXPENSES:
Salaries and benefits			547,295						5,118						552,413
Aircraft fuel			814,803						—						814,803
Station operations			255,168						—						255,168
Depreciation and amortization			197,433						109						197,542
Maintenance and repairs			117,814						—						117,814
Sales and marketing			99,558						1,120						100,678
Aircraft lease rentals			23,621						—						23,621
Other operating expense(1)			108,600						4,932						113,532
Special charges, net of recoveries			567						34,045						34,612
Total operating expenses			2,164,859						45,324						2,210,183
OPERATING INCOME (LOSS)			136,970						(45,324)						91,646
OTHER (INCOME) EXPENSES:
Interest income			(16,469)						—						(16,469)
Interest expense			99,665						16,046						115,711
Capitalized interest			(4,308)						(8,332)						(12,640)
Other non-operating expense(2)			91						—						91
INCOME (LOSS) BEFORE INCOME TAXES			$	57,991					$	(53,038)					$	4,953
Capital expenditures			475,254						288,408						763,662
Total assets			4,047,134						464,163						4,511,297

(1) Other operating expenses in the Airline segment consist of insurance, crew training and travel, legal expense, gains and losses on the sale of flight equipment, and other general and administrative expenses. Other operating expenses in the Sunseeker segment consist of food and beverage cost of goods sold, contract labor, property tax, insurance, and other general and administrative expense.

(2) Other non-operating expenses in the Airline segment consist primarily of a loss on the sale in 2024 of a cost-method investment that arose from the contribution of intellectual property rights to a private company and realized income from equity method investments.

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 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: 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 3: 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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- References

No definition available.

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