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Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2025

Debt Disclosure [Abstract]

Summary of Long-Term Debt

Long-term debt consisted of the following:

			As of December 31,
(in thousands)			2025						2024
Fixed-rate debt and finance lease obligations due through 2032			$	1,062,935					$	1,481,186
Variable-rate debt due through 2037			736,681						585,318
Total long-term debt and finance lease obligations, net of related costs			1,799,616						2,066,504
Less current maturities, net of related costs			118,075						454,769
Long-term debt and finance lease obligations, net of current maturities and related costs			$	1,681,541					$	1,611,735
Weighted average fixed-interest rate on debt			6.7		%				6.5		%
Weighted average variable-interest rate on debt			5.9		%				6.8		%

															Interest Rate(s) Per Annum at												As of December 31,
(in thousands)			Maturity Dates												December 31, 2025												2025						2024
Senior secured notes			2027												7.25%												$	403,009					$	550,000
Consolidated variable interest entities			2028			—			2029						2.92		%	—			5.19%						95,111						107,959
Revolving credit facilities			2028			—			2030						N/A												—						—
Debt secured by aircraft, engines, other equipment and real estate			2028			—			2037						1.87		%	—			7.93%						915,084						765,278
Finance leases			2028			—			2032						4.44		%	—			7.02%						403,060						429,896
Construction loan agreement			N/A												N/A												—						100,000
Unsecured debt			N/A												N/A												—						130,500
Total debt and finance lease obligations																											$	1,816,264					$	2,083,633
Related costs																											(16,648)						(17,129)
Total debt and finance lease obligations, net of related costs																											$	1,799,616					$	2,066,504

Schedule of Maturities of Long-term Debt

Maturities of long-term debt as of December 31, 2025, for the next five years and thereafter, in the aggregate, are:

(in thousands)			As of December 31, 2025
2026			118,075
2027			527,473
2028			169,924
2029			203,299
2030			177,460
Thereafter			603,385
Total debt and finance lease obligations, net of related costs			$	1,799,616

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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.

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- Definition

Tabular disclosure of maturity and sinking fund requirement for long-term debt.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-SubTopic 10
-Topic 470
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481544/470-10-50-1

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