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Segments (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

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.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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