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Note 7 - Financial Instruments and Fair Value Measurements
12 Months Ended
Dec. 31, 2024
Notes to Financial Statements  
Derivatives and Fair Value [Text Block]

NOTE 7 FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS

 

The carrying amounts of cash and cash equivalents, accounts payable and accrued expenses and unearned passenger revenue approximate fair value, due to the short-term nature of these instruments. As of December 31, 2024 and 2023, other than derivative instruments and investments in securities, the Company had no other assets or liabilities that were measured at fair value on a recurring basis. The Company estimates the fair value of its long-term debt to be $644.3 million as of December 31, 2024, based on the terms of the agreements and comparable market data.