REVENUE (Tables)
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6 Months Ended |
Jun. 30, 2025 |
Revenue from Contract with Customer [Abstract] |
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Schedule of significant categories comprising operating revenues |
The significant categories comprising Operating Revenues are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Scheduled Service | $ | 88,138 | | | $ | 88,078 | | | $ | 231,660 | | | $ | 229,272 | | Charter | 54,271 | | | 51,009 | | | 108,963 | | | 98,321 | | Ancillary | 72,259 | | | 77,308 | | | 159,933 | | | 163,466 | | Passenger | 214,668 | | | 216,395 | | | 500,556 | | | 491,059 | | Cargo | 34,803 | | | 25,447 | | | 62,960 | | | 49,395 | | Other | 14,150 | | | 12,539 | | | 26,754 | | | 25,410 | | Total Operating Revenues | $ | 263,621 | | | $ | 254,381 | | | $ | 590,270 | | | $ | 565,864 | |
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Schedule of operating revenues by geographic region |
Total Operating Revenues by geographic region are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | 2025 | | 2024 | | 2025 | | 2024 | Domestic | $ | 256,903 | | | $ | 247,898 | | | $ | 558,277 | | | $ | 538,112 | | Latin America | 6,718 | | | 6,483 | | | 31,894 | | | 27,752 | | Other | — | | | — | | | 99 | | | — | | Total Operating Revenues | $ | 263,621 | | | $ | 254,381 | | | $ | 590,270 | | | $ | 565,864 | |
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Summary of contract assets and liabilities |
Contract Assets and Liabilities are as follows: | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | Contract Assets | | | | Amazon Contract | $ | 8,553 | | | $ | 4,135 | | Total Contract Assets | $ | 8,553 | | | $ | 4,135 | | | | | | Contract Liabilities | | | | Air Traffic Liabilities | $ | 106,599 | | | $ | 160,686 | | Loyalty Program Liabilities | 14,397 | | | 14,601 | | Amazon Contract | 1,865 | | | 1,612 | | Total Contract Liabilities | $ | 122,861 | | | $ | 176,899 | |
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Schedule of change in contract with customer, liability |
Changes in the Loyalty Program Liabilities are as follows: | | | | | | | | | | | | | 2025 | | 2024 | Balance – January 1 | $ | 14,601 | | | $ | 13,737 | | Loyalty Points Earned | 4,852 | | | 4,519 | | Loyalty Points Redeemed (1) | (5,056) | | | (4,984) | | Balance – June 30 | $ | 14,397 | | | $ | 13,272 | |
______________________ | | | | | | (1) | Loyalty points are combined in one homogenous pool, which includes both air and non-air travel awards, and are not separately identifiable. As such, the revenue recognized is comprised of points that were part of the Loyalty Program Liabilities balance at the beginning of the period, as well as points that were earned during the period. |
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