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Segments
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
Segments Segments
Operating segments are components of a company for which separate financial and operating information is regularly evaluated and reported to the Chief Operating Decision Maker ("CODM") and is used to allocate resources and analyze performance. The Company's CODM is the CEO, who assesses segment performance and makes resource allocation decisions using information about each operating segment's operating income and pretax income.
Until the completion of the sale of Sunseeker Resort, Aileron Golf Course, and related assets in September 2025, the CODM reviewed separate financial information and made resource allocation decisions for the Company's two operating segments: Airline and Sunseeker Resort. Subsequent to the sale of Sunseeker Resort, the Company is managed as a single Airline operating segment.

Airline Segment

The Airline segment operates as a single business unit and includes all scheduled service air transportation, ancillary air-related products and services, third party products and services, fixed fee contract air transportation and other airline-related revenue. Scheduled service and fixed fee air transportation services have similar operating margins, economic characteristics and production processes (check-in, baggage handling and flight services) which target the same class of customers and are subject to the same regulatory environment. As a result, the Company believes its airline activities operate under one reportable segment and does not separately track expenses for scheduled service and fixed fee air transportation services.

Sunseeker Resort Segment

The Company's consolidated financial statements include the operating results of Sunseeker Resort through the completion of the sale of the Resort's assets on September 4, 2025. The Sunseeker Resort segment was operated as a single business unit and included hotel rooms and suites for occupancy, group meeting facilities, food and beverage options, Aileron Golf Course and other Resort amenities.

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:
Three Months Ended September 30, 2025
(in thousands)AirlineSunseekerConsolidated
REVENUES FROM EXTERNAL CUSTOMERS$552,574 $9,358 $561,932 
OPERATING EXPENSES:
Salaries and benefits190,491 5,903 196,394 
Aircraft fuel151,254 — 151,254 
Station operations71,390 — 71,390 
Depreciation and amortization58,952 — 58,952 
Maintenance and repairs39,908 — 39,908 
Sales and marketing22,093 947 23,040 
Aircraft lease rentals11,096 — 11,096 
Other operating expense(1)
24,684 8,931 33,615 
Special charges, net of recoveries2,907 566 3,473 
Total operating expenses572,775 16,347 589,122 
OPERATING LOSS(20,201)(6,989)(27,190)
OTHER (INCOME) EXPENSES:
Interest income(10,108)— (10,108)
Interest expense34,120 3,996 38,116 
Capitalized interest(3,166)— (3,166)
Other non-operating expense122 — 122 
LOSS BEFORE INCOME TAXES$(41,169)$(10,985)$(52,154)
Capital expenditures$129,278 $— $129,278 
Three Months Ended September 30, 2024
(in thousands)AirlineSunseekerConsolidated
REVENUES FROM EXTERNAL CUSTOMERS$549,127 $13,069 $562,196 
OPERATING EXPENSES:
Salaries and benefits183,849 11,477 195,326 
Aircraft fuel148,241 — 148,241 
Station operations70,632 — 70,632 
Depreciation and amortization56,025 7,893 63,918 
Maintenance and repairs30,278 — 30,278 
Sales and marketing23,370 1,499 24,869 
Aircraft lease rentals5,920 — 5,920 
Other operating expense(1)
30,187 10,376 40,563 
Special charges, net of recoveries7,651 1,139 8,790 
Total operating expenses556,153 32,384 588,537 
OPERATING LOSS(7,026)(19,315)(26,341)
OTHER (INCOME) EXPENSES:
Interest income(10,071)— (10,071)
Interest expense33,582 5,483 39,065 
Capitalized interest(11,923)— (11,923)
Other non-operating expense30 — 30 
LOSS BEFORE INCOME TAXES$(18,644)$(24,798)$(43,442)
Capital expenditures$40,731 $1,063 $41,794 
Nine Months Ended September 30, 2025
(in thousands)AirlineSunseekerConsolidated
REVENUES FROM EXTERNAL CUSTOMERS$1,889,710 $60,680 $1,950,390 
OPERATING EXPENSES:
Salaries and benefits614,350 27,585 641,935 
Aircraft fuel483,339 — 483,339 
Station operations220,143 — 220,143 
Depreciation and amortization183,623 7,159 190,782 
Maintenance and repairs111,141 — 111,141 
Sales and marketing70,583 4,390 74,973 
Aircraft lease rentals28,038 — 28,038 
Other operating expense(1)
75,790 34,083 109,873 
Special charges, net of recoveries18,894 100,948 119,842 
Total operating expenses1,805,901 174,165 1,980,066 
OPERATING INCOME (LOSS)83,809 (113,485)(29,676)
OTHER (INCOME) EXPENSES:
Interest income(32,402)— (32,402)
Interest expense91,190 23,466 114,656 
Capitalized interest(14,216)— (14,216)
Other non-operating expense1,064 — 1,064 
INCOME (LOSS) BEFORE INCOME TAXES$38,173 $(136,951)$(98,778)
Capital expenditures$350,131 $1,442 $351,573 
Nine Months Ended September 30, 2024
(in thousands)AirlineSunseekerConsolidated
REVENUES FROM EXTERNAL CUSTOMERS$1,831,116 $53,768 $1,884,884 
OPERATING EXPENSES:
Salaries and benefits580,775 37,820 618,595 
Aircraft fuel488,388 — 488,388 
Station operations206,898 — 206,898 
Depreciation and amortization173,237 19,885 193,122 
Maintenance and repairs91,286 — 91,286 
Sales and marketing78,166 5,100 83,266 
Aircraft lease rentals17,653 — 17,653 
Other operating expense(1)
87,930 33,741 121,671 
Special charges, net of recoveries42,639 (2,637)40,002 
Total operating expenses1,766,972 93,909 1,860,881 
OPERATING INCOME (LOSS)64,144 (40,141)24,003 
OTHER (INCOME) EXPENSES:
Interest income(33,441)— (33,441)
Interest expense102,441 16,328 118,769 
Capitalized interest(34,392)(326)(34,718)
Other non-operating expense146 — 146 
INCOME (LOSS) BEFORE INCOME TAXES$29,390 $(56,143)$(26,753)
Capital expenditures$201,950 $19,105 $221,055 

(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 expenses.
Total assets were as follows as of the dates indicated:
(in thousands)As of September 30, 2025As of December 31, 2024
Airline$4,392,245 $4,116,289 
Sunseeker Resort— 313,564 
Consolidated$4,392,245 $4,429,853