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Long-Term Debt (Tables) | 9 Months Ended
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Sep. 30, 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) | September 30, 2025 |  | December 31, 2024
Fixed-rate debt and finance lease obligations due through 2032 | $ | 1,224,501 |  |  | $ | 1,481,186 |
Variable-rate debt due through 2037 | 831,943 |  |  | 585,318 |
Total long-term debt and finance lease obligations, net of related costs | 2,056,444 |  |  | 2,066,504 |
Less current maturities, net of related costs | 270,633 |  |  | 454,769 |
Long-term debt and finance lease obligations, net of current maturities and related costs | $ | 1,785,811 |  |  | $ | 1,611,735 |
Weighted average fixed-interest rate on debt | 6.7% |  | 6.5%
Weighted average variable-interest rate on debt | 6.3% |  | 6.8%
|  |  |  |  | Interest Rate(s) Per Annum at |  | Balance as of
(dollars in thousands) | Maturity Dates |  | September 30, 2025 |  | September 30, 2025 |  | December 31, 2024
Senior secured notes | 2027 |  | 7.25% |  | $ | 524,737 |  |  | $ | 550,000 |
Consolidated variable interest entities | 2028 | - | 2029 |  | 2.92% | - | 5.19% |  | 98,372 |  |  | 107,959 |
Revolving credit facilities | 2027 | - | 2028 |  | N/A |  | — |  |  | — |
Debt secured by aircraft, engines, other equipment and real estate | 2026 | - | 2037 |  | 1.87% | - | 8.25% |  | 1,042,337 |  |  | 765,278 |
Finance leases | 2028 | - | 2032 |  | 4.44% | - | 7.02% |  | 409,913 |  |  | 429,896 |
Sunseeker construction loan | N/A |  | N/A |  | — |  |  | 100,000 |
Unsecured debt | N/A |  | N/A |  | — |  |  | 130,500 |
Total debt and finance lease obligations |  |  |  | $ | 2,075,359 |  |  | $ | 2,083,633 |
Related costs |  |  |  |  |  | (18,915) |  |  | (17,129) |
Total debt and finance lease obligations, net of related costs |  |  |  |  |  | $ | 2,056,444 |  |  | $ | 2,066,504 |
Schedule of Maturities of Long-Term Debt | Maturities of long term debt as of September 30, 2025, for the next five years and thereafter, in the aggregate, are:
(in thousands) | As of September 30, 2025
Remaining in 2025 | $ | 154,200 |
2026 | 150,813 |
2027 | 546,729 |
2028 | 179,322 |
2029 | 206,623 |
2030 | 180,962 |
Thereafter | 637,795 |
Total debt and finance lease obligations, net of related costs | $ | 2,056,444 |

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- 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
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