XML 37 R26.htm IDEA: XBRL DOCUMENT v3.25.1

Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2025

Debt Disclosure [Abstract]

Summary of 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)			March 31, 2025						December 31, 2024
Fixed-rate debt and finance lease obligations due through 2032			$	1,360,927					$	1,481,186
Variable-rate debt due through 2037			652,964						585,318
Total long-term debt and finance lease obligations, net of related costs			2,013,891						2,066,504
Less current maturities, net of related costs			266,611						454,769
Long-term debt and finance lease obligations, net of current maturities and related costs			$	1,747,280					$	1,611,735
Weighted average fixed-interest rate on debt			6.6%						6.5%
Weighted average variable-interest rate on debt			6.7%						6.8%

															Interest Rate(s) Per Annum at												Balance as of
(dollars in thousands)			Maturity Dates												March 31, 2025												March 31, 2025						December 31, 2024
Senior secured notes			2027												7.25%												$	550,000					$	550,000
Consolidated variable interest entities			2028			-			2029						2.92%			-			5.19%						104,790						107,959
Revolving credit facilities			2025			-			2027						N/A												—						—
Debt secured by aircraft, engines, other equipment and real estate			2025			-			2037						1.87%			-			8.37%						914,605						765,278
Finance leases			2028			-			2032						4.44%			-			7.02%						423,330						429,896
Sunseeker construction loan			2025												N/A												—						100,000
Unsecured debt			2025												6.03%												34,750						130,500
Total debt																											$	2,027,475					$	2,083,633
Related costs																											(13,584)						(17,129)
Total debt net of related costs																											$	2,013,891					$	2,066,504

Schedule of Maturities of Long-Term Debt

Maturities of long term debt as of March 31, 2025, for the next five years and thereafter, in the aggregate, are:

(in thousands)			As of March 31, 2025
Remaining in 2025			$	232,233
2026			206,865
2027			686,884
2028			164,764
2029			175,240
2030			149,226
Thereafter			398,679
Total debt and finance lease obligations, net of related costs			$	2,013,891

X

- References

No definition available.

+ Details

Name:	us-gaap_DebtDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

+ Details

Name:	us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration