Leases, Commitments, Guarantees and Contingencies (Tables)

3 Months Ended

Mar. 31, 2023

Leases, Commitments, Guarantees and Contingencies

Summary of related terms and discount rates

Weighted-average remaining lease term for operating leases	9.8 years
Weighted-average discount rate for operating leases	6.0%

Summary of lease costs

	For the three months ended March 31,
	2023		2022
Operating lease cost	$	24,948	$	21,841
Variable and short-term lease cost		803		1,018
Sublease income		(1,350)		(1,803)
Total lease cost	$	24,401	$	21,056

Schedule of future minimum rental payments for operating leases

April 2023 through December 2023	$	14,586
2024		22,180
2025		16,517
2026		13,436
2027		12,293
Thereafter		54,321
Total future minimum operating lease payments	$	133,333

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		Apr - Dec 2023		2024		2025		2026		2027		Thereafter
Operating lease payments for aircraft and facility obligations	$	133,333	$	14,586	$	22,180	$	16,517	$	13,436	$	12,293	$	54,321
Firm aircraft and spare engine commitments		140,337		53,170		59,396		27,771		—		—		—
Interest commitments (1)		537,120		95,916		113,943		93,846		74,283		52,660		106,472
Principal maturities on long-term debt		3,326,765		338,821		446,277		530,357		507,226		460,455		1,043,629
Total commitments and obligations	$	4,137,555	$	502,493	$	641,796	$	668,491	$	594,945	$	525,408	$	1,204,422

(1) At March 31, 2023, the Company’s long-term debt had fixed interest rates.