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v3.25.4

Property and Equipment | 12 Months Ended
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Dec. 31, 2025
Property, Plant and Equipment [Abstract] |
Property and Equipment | Property and Equipment Property and equipment consisted of the following:
| As of December 31,
(in thousands) | 2025 |  | 2024
Airline |  |  |
Flight equipment | $ | 3,584,212 |  |  | $ | 3,345,458 |
Computer hardware and software | 339,441 |  |  | 320,432 |
Land and buildings/leasehold improvements | 83,304 |  |  | 66,115 |
Other property and equipment | 118,894 |  |  | 115,043 |
Sunseeker Resort (1) |  |  |
Land and buildings/leasehold improvements | — |  |  | 255,201 |
Other property and equipment | — |  |  | 34,894 |
Total property and equipment | 4,125,851 |  |  | 4,137,143 |
Less accumulated depreciation and amortization | (1,178,315) |  |  | (1,067,194) |
Property and equipment, net | $ | 2,947,536 |  |  | $ | 3,069,949 |
(1) On September 4, 2025, the Company completed the sale of Sunseeker Resort and related Aileron Golf Course. See Note 15. As of December 31, 2025, the Company had firm commitments to purchase 34 aircraft which are expected to be delivered between 2026 and 2028.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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