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Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Dec. 31, 2025
Accounting Policies [Abstract] |
Property, Plant and Equipment Estimated Useful Lives | The estimated useful lives of the principal asset classes are shown below.
Aircraft, engines and related rotable parts | 10 | - | 25 Years
Buildings and leasehold improvements | 10 | - | 39 Years
Equipment | 5 | - | 10 Years
Computer hardware and software | 3 | - | 15 Years
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.
Schedule of Earnings Per Share, Basic and Diluted | The following table sets forth the computation of net income per share on a basic and diluted basis for the periods indicated:
|  |  |  |  | Year ended December 31,
(in thousands, except per share data) |  |  |  |  | 2025 |  | 2024 |  | 2023
Basic: |  |  |  |  |  |  |  |  |
Net income (loss) |  |  |  |  | $ | (44,697) |  |  | $ | (240,238) |  |  | $ | 117,596 |
Less income allocated to participating securities |  |  |  |  | — |  |  | (618) |  |  | (4,188) |
Net income (loss) attributable to common stock |  |  |  |  | $ | (44,697) |  |  | $ | (240,856) |  |  | $ | 113,408 |
Earnings (loss) per share, basic |  |  |  |  | $ | (2.48) |  |  | $ | (13.49) |  |  | $ | 6.32 |
Weighted-average shares outstanding |  |  |  |  | 18,050 |  |  | 17,852 |  |  | 17,945 |
Diluted: |  |  |  |  |  |  |  |  |
Net income (loss) |  |  |  |  | $ | (44,697) |  |  | $ | (240,238) |  |  | $ | 117,596 |
Less income allocated to participating securities |  |  |  |  | — |  |  | (618) |  |  | (4,175) |
Net income (loss) attributable to common stock |  |  |  |  | $ | (44,697) |  |  | $ | (240,856) |  |  | $ | 113,421 |
Earnings (loss) per share, diluted |  |  |  |  | $ | (2.48) |  |  | $ | (13.49) |  |  | $ | 6.29 |
Weighted-average shares outstanding |  |  |  |  | 18,050 |  |  | 17,852 |  |  | 17,945 |
Dilutive effect of stock options and restricted stock |  |  |  |  | — |  |  | — |  |  | 249 |
Adjusted weighted-average shares outstanding under treasury stock method |  |  |  |  | 18,050 |  |  | 17,852 |  |  | 18,194 |
Participating securities excluded under two-class method |  |  |  |  | — |  |  | — |  |  | (175) |
Adjusted weighted-average shares outstanding under two-class method |  |  |  |  | 18,050 |  |  | 17,852 |  |  | 18,019 |

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