Leases, Commitments, Guarantees and Contingencies (Tables)

3 Months Ended

Mar. 31, 2024

Leases, Commitments, Guarantees and Contingencies

Summary of related terms and discount rates

Weighted-average remaining lease term for operating leases	11.4 years
Weighted-average discount rate for operating leases	6.2%

Summary of lease costs

	For the three months ended March 31,
	2024		2023
Operating lease cost	$	7,259	$	24,948
Variable and short-term lease cost		1,033		803
Sublease income		(1,246)		(1,350)
Total lease cost	$	7,046	$	24,401

Schedule of future minimum rental income under operating leases

April 2024 through December 2024	$	15,726
2025		17,974
2026		14,910
2027		12,983
2028		9,976
Thereafter		56,592
Total future minimum operating lease payments	$	128,161

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 2024		2025		2026		2027		2028		Thereafter
Operating lease payments for aircraft and facility obligations	$	128,161	$	15,726	$	17,974	$	14,910	$	12,983	$	9,976	$	56,592
Firm aircraft and spare engine commitments		610,945		143,810		230,725		236,410		—		—		—
Interest commitments (1)		442,822		84,964		97,933		78,149		56,289		40,947		84,540
Principal maturities on long-term debt		2,918,971		339,156		532,255		510,598		464,289		292,862		779,811
Total commitments and obligations	$	4,100,899	$	583,656	$	878,887	$	840,067	$	533,561	$	343,785	$	920,943

(1) At March 31, 2024, the Company’s long-term debt had fixed interest rates.