Property and Equipment

3 Months Ended

Mar. 31, 2025

Property, Plant and Equipment [Abstract]

The following table summarizes the Company's property and equipment as of the dates indicated:


(in thousands)	March 31, 2025		December 31, 2024
Airline
Flight equipment	$	3,396,871	$	3,345,458
Computer hardware and software	328,187		320,432
Land and buildings/leasehold improvements	69,283		66,115
Other property and equipment	116,485		115,043
Sunseeker Resort
Land and buildings/leasehold improvements	255,710		255,201
Other property and equipment	34,791		34,894
Total property and equipment	4,201,327		4,137,143
Less accumulated depreciation and amortization	(1,098,275)		(1,067,194)
Property and equipment, net	$	3,103,052	$	3,069,949

As of March 31, 2025, the Company had firm commitments to purchase 42 aircraft.

At the end of fourth quarter 2024, the Company recorded an impairment loss of $321.8 million to reflect the difference between the carrying value of the Sunseeker Resort assets and their fair values. As the result of the recent developments related to tariffs, the potential for weakened business conditions, and the ongoing process for a full or partial sale of the Resort, it is reasonably possible that a change in the estimate of the Resort's fair value will occur in the near term and that a reduction in the estimate of fair value will result in recognition of additional impairment losses related to the Resort.

Accrued capital expenditures, which primarily relate to the airline, as of March 31, 2025 and December 31, 2024 were $8.3 million and $8.9 million, respectively.