Commitments and Contingencies (Tables)

6 Months Ended

Jun. 30, 2024

Commitments and Contingencies Disclosure [Abstract]

Long-term Purchase Commitment

As of June 30, 2024, the Company’s firm aircraft and engine purchase orders consisted of the following:

	A320neo	A321neo	Total Aircraft(a)	Engines
Year Ending
Remainder of 2024	—	11	11	1
2025	14	23	37	4
2026	19	24	43	4
2027	14	21	35	3
2028	2	38	40	2
Thereafter	—	32	32	—
Total	49	149	198	14

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(a)    While the schedule presented reflects the contractual delivery dates as of June 30, 2024, the Company has recently experienced delays in the deliveries of Airbus aircraft which may persist in future periods.

In August 2024, the Company and Airbus entered into a binding term sheet, subject to execution of customary closing documentation, to, among other things, update the remaining firm aircraft purchase order delivery schedule, which defers previously scheduled firm aircraft delivery dates from 2025 through 2028 to later years. These changes are reflected in the table below and reflect scheduled aircraft received in July 2024:

	A320neo	A321neo	Total Aircraft	Engines
Year Ending
Remainder of 2024	—	9	9	1
2025	8	13	21	4
2026	7	15	22	4
2027	8	26	34	3
2028	4	30	34	2
Thereafter	—	76	76	—
Total	27	169	196	14

Contractual Obligation, Fiscal Year Maturity

As of June 30, 2024, purchase commitments for these aircraft and engines, including estimated amounts for contractual price escalations and PDPs, consisted of the following (in millions):

	Total
Year Ending
Remainder of 2024	$	668
2025	2,224
2026	2,477
2027	2,066
2028	2,467
Thereafter	2,002
Total	$	11,904

Multiemployer Plan

The table below sets forth the Company’s employee groups and status of the collective bargaining agreements as of June 30, 2024:

			Percentage of Workforce
Employee Group	Representative	Amendable Date(a)	June 30, 2024
Pilots	Air Line Pilots Association (ALPA)	January 2024(b)	26%
Flight Attendants	Association of Flight Attendants (AFA-CWA)	May 2024(c)	53%
Aircraft Technicians	International Brotherhood of Teamsters (IBT)	May 2025	6%
Aircraft Appearance Agents	IBT	October 2023(d)	1%
Dispatchers	Transport Workers Union (TWU)	August 2028	1%
Material Specialists	IBT	March 2022(d)	1%
Maintenance Controllers	IBT	October 2023(d)	<1%

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(a)    Subject to standard early opener provisions.

(b)    ALPA filed for mediation through the National Mediation Board in January 2024, and the parties are meeting regularly as part of the mediation process.

(c)    In November 2023, AFA-CWA exercised their contractual right to open negotiations early. Negotiations are currently ongoing.

(d)    The Company’s collective bargaining agreements with its aircraft appearance agents, material specialists, and maintenance controllers, each represented by IBT, were still amendable as of June 30, 2024, and pursuant to the Railway Labor Act the parties continue to be bound by the existing agreements as negotiations continue.