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Leases, Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2020
Leases, Commitments and Contingencies  
Summary of related terms and discount rates

June 30, 2020

Weighted-average remaining lease term for operating leases

    

6.7 years

    

Weighted-average discount rate for operating leases

6.1%

Summary of lease costs

For the three months ended June 30,

For the six months

ended June 30,

    

2020

    

2019

2020

    

2019

Operating lease cost

 

$

24,140

 

$

27,647

$

49,158

 

$

54,868

Variable and short-term lease cost

 

1,207

 

1,346

 

2,551

 

2,821

Sublease income

(1,560)

(3,131)

Total lease cost

 

$

23,787

 

$

28,993

$

48,578

 

$

57,689

Schedule of future minimum rental payments for operating leases

July 2020 through December 2020

    

$

49,498

 

2021

 

85,084

2022

 

76,132

2023

 

69,394

2024

 

28,091

Thereafter

 

98,424

$

406,623

Summary of commitments and obligations

The following table summarizes the Company’s commitments and obligations as noted for each of the next five years and thereafter (in thousands):

    

Total

    

Jul - Dec 2020

    

2021

    

2022

    

2023

    

2024

    

Thereafter

 

Operating lease payments for aircraft and facility obligations

$

406,623

$

49,498

$

85,084

$

76,132

$

69,394

$

28,091

$

98,424

 

Firm aircraft and spare engine commitments

 

661,406

110,007

159,719

391,680

Interest commitments (1)

 

570,669

81,103

111,231

96,260

79,076

63,594

139,405

Principal maturities on long-term debt

 

2,996,869

120,956

388,638

389,593

399,472

353,106

1,345,104

Total commitments and obligations

$

4,635,567

$

361,564

$

744,672

$

953,665

$

547,942

$

444,791

$

1,582,933

(1)At June 30, 2020, all of the Company’s total long-term debt had fixed interest rates.