v3.26.1
Leases, Commitments, Guarantees and Contingencies (Tables)
3 Months Ended
Mar. 31, 2026
Leases, Commitments, Guarantees and Contingencies  
Summary of related terms and discount rates

The table below presents lease related terms and discount rates as of March 31, 2026:

Weighted-average remaining lease term for operating leases

10.0 years

Weighted-average discount rate for operating leases

6.2%

Summary of lease costs

The Company’s lease costs for the three months ended March 31, 2026 and 2025 included the following components (in thousands):

For the three months ended March 31,

  ​ ​ ​

2026

  ​ ​ ​

2025

Operating lease cost

$

10,862

$

8,250

Variable and short-term lease cost

 

505

 

489

Sublease income

(940)

(1,115)

Total lease cost

$

10,427

$

7,624

Summary of commitments and obligations

The following table summarizes the Company’s commitments and obligations for future minimum rental payments required under operating leases that had initial or remaining non-cancelable lease terms as of March 31, 2026, firm aircraft and spare engine commitments, interest commitments and principal maturities on long-term debt as noted for each of the next five years and thereafter (in thousands):

  ​ ​ ​

Total

  ​ ​ ​

Apr - Dec 2026

  ​ ​ ​

2027

  ​ ​ ​

2028

  ​ ​ ​

2029

  ​ ​ ​

2030

  ​ ​ ​

Thereafter

Operating lease payments for aircraft and facility obligations

$

119,358

$

16,250

$

21,112

$

15,467

$

13,093

$

6,297

$

47,139

Firm aircraft and spare engine commitments

 

2,240,083

375,433

323,580

330,370

316,363

336,020

558,317

Interest commitments

 

360,708

73,092

77,090

58,069

43,420

31,104

77,933

Principal maturities on long-term debt

 

2,409,467

449,933

530,036

362,288

261,068

288,097

518,045

Total commitments and obligations

$

5,129,616

$

914,708

$

951,818

$

766,194

$

633,944

$

661,518

$

1,201,434