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Segments | 12 Months Ended
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Dec. 31, 2025
Segment Reporting [Abstract] |
Segments | Operating 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. During 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 in September 2025, 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:
| Twelve Months Ended December 31, 2025
(in thousands) | Airline |  | Sunseeker |  | Consolidated
REVENUES FROM EXTERNAL CUSTOMERS | $ | 2,545,899 |  |  | $ | 60,680 |  |  | $ | 2,606,579 |
OPERATING EXPENSES: |  |  |  |  |
Salaries and benefits | 805,432 |  |  | 27,585 |  |  | 833,017 |
Aircraft fuel | 639,731 |  |  | — |  |  | 639,731 |
Station operations | 297,549 |  |  | — |  |  | 297,549 |
Depreciation and amortization | 242,026 |  |  | 7,159 |  |  | 249,185 |
Maintenance and repairs | 149,938 |  |  | — |  |  | 149,938 |
Sales and marketing | 95,053 |  |  | 4,390 |  |  | 99,443 |
Aircraft lease rentals | 36,488 |  |  | — |  |  | 36,488 |
Other operating expense(1) | 92,273 |  |  | 34,083 |  |  | 126,356 |
Special charges, net of recoveries | 43,539 |  |  | 94,166 |  |  | 137,705 |
Total operating expenses | 2,402,029 |  |  | 167,383 |  |  | 2,569,412 |
OPERATING INCOME (LOSS) | 143,870 |  |  | (106,703) |  |  | 37,167 |
OTHER (INCOME) EXPENSES: |  |  |  |  |
Interest income | (41,697) |  |  | — |  |  | (41,697) |
Interest expense | 126,769 |  |  | 23,466 |  |  | 150,235 |
Capitalized interest | (17,604) |  |  | — |  |  | (17,604) |
Other non-operating expense(2) | 1,107 |  |  | — |  |  | 1,107 |
INCOME (LOSS) BEFORE INCOME TAXES | $ | 75,295 |  |  | $ | (130,169) |  |  | $ | (54,874) |
Capital expenditures | 406,805 |  |  | 1,442 |  |  | 408,247 |
Total assets | 4,209,401 |  |  | — |  |  | 4,209,401 |
| Twelve Months Ended December 31, 2024
(in thousands) | Airline |  | Sunseeker |  | Consolidated
REVENUES FROM EXTERNAL CUSTOMERS | $ | 2,440,839 |  |  | $ | 71,750 |  |  | $ | 2,512,589 |
OPERATING EXPENSES: |  |  |  |  |
Salaries and benefits | 770,667 |  |  | 49,176 |  |  | 819,843 |
Aircraft fuel | 627,755 |  |  | — |  |  | 627,755 |
Station operations | 272,843 |  |  | — |  |  | 272,843 |
Depreciation and amortization | 231,789 |  |  | 26,462 |  |  | 258,251 |
Maintenance and repairs | 125,430 |  |  | — |  |  | 125,430 |
Sales and marketing | 99,269 |  |  | 7,071 |  |  | 106,340 |
Aircraft lease rentals | 23,573 |  |  | — |  |  | 23,573 |
Other operating expense(1) | 102,007 |  |  | 48,392 |  |  | 150,399 |
Special charges, net of recoveries | 45,307 |  |  | 322,824 |  |  | 368,131 |
Total operating expenses | 2,298,640 |  |  | 453,925 |  |  | 2,752,565 |
OPERATING INCOME (LOSS) | 142,199 |  |  | (382,175) |  |  | (239,976) |
OTHER (INCOME) EXPENSES: |  |  |  |  |
Interest income | (44,012) |  |  | — |  |  | (44,012) |
Interest expense | 135,584 |  |  | 20,859 |  |  | 156,443 |
Capitalized interest | (45,059) |  |  | (326) |  |  | (45,385) |
Other non-operating expense(2) | 1,428 |  |  | — |  |  | 1,428 |
INCOME (LOSS) BEFORE INCOME TAXES | $ | 94,258 |  |  | $ | (402,708) |  |  | $ | (308,450) |
Capital expenditures | 244,802 |  |  | 19,499 |  |  | 264,301 |
Total assets | 4,116,289 |  |  | 313,564 |  |  | 4,429,853 |
| Twelve Months Ended December 31, 2023
(in thousands) | Airline |  | Sunseeker |  | Consolidated
REVENUES FROM EXTERNAL CUSTOMERS | $ | 2,506,976 |  |  | $ | 2,881 |  |  | $ | 2,509,857 |
OPERATING EXPENSES: |  |  |  |  |
Salaries and benefits | 672,459 |  |  | 15,344 |  |  | 687,803 |
Aircraft fuel | 695,871 |  |  | — |  |  | 695,871 |
Station operations | 256,560 |  |  | — |  |  | 256,560 |
Depreciation and amortization | 220,915 |  |  | 2,215 |  |  | 223,130 |
Maintenance and repairs | 123,802 |  |  | — |  |  | 123,802 |
Sales and marketing | 108,453 |  |  | 6,163 |  |  | 114,616 |
Aircraft lease rentals | 24,948 |  |  | — |  |  | 24,948 |
Other operating expense(1) | 117,400 |  |  | 16,101 |  |  | 133,501 |
Special charges, net of recoveries | 35,091 |  |  | (6,446) |  |  | 28,645 |
Total operating expenses | 2,255,499 |  |  | 33,377 |  |  | 2,288,876 |
OPERATING INCOME (LOSS) | 251,477 |  |  | (30,496) |  |  | 220,981 |
OTHER (INCOME) EXPENSES: |  |  |  |  |
Interest income | (46,615) |  |  | — |  |  | (46,615) |
Interest expense | 131,318 |  |  | 21,868 |  |  | 153,186 |
Capitalized interest | (21,838) |  |  | (23,294) |  |  | (45,132) |
Other non-operating expense(2) | 491 |  |  | — |  |  | 491 |
INCOME (LOSS) BEFORE INCOME TAXES | $ | 188,121 |  |  | $ | (29,070) |  |  | $ | 159,051 |
Capital expenditures | 568,309 |  |  | 321,044 |  |  | 889,353 |
Total assets | 4,200,545 |  |  | 656,122 |  |  | 4,856,667 |
(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. (2) Other non-operating expenses in the Airline segment consist primarily of a loss on the sale in 2024 of a cost-method investment that arose from the contribution of intellectual property rights to a private company and realized income from equity method investments in all years presented.

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- Definition The entire disclosure for reporting segments including data and tables. 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