v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 407,511,000 $ 902,057,000
Restricted cash 152,088,000 168,390,000
Short-term investment securities 0 118,334,000
Accounts receivable, net 219,414,000 178,955,000
Prepaid expenses and other current assets 253,057,000 278,366,000
Assets held for sale 449,149,000 463,020,000
Total current assets 1,481,219,000 2,109,122,000
Property and equipment:    
Flight equipment 1,893,585,000 2,736,461,000
Other property and equipment 447,030,000 783,645,000
Less accumulated depreciation (51,434,000) (1,027,872,000)
Total property and equipment, net 2,289,181,000 2,492,234,000
Operating lease right-of-use assets 4,457,889,000 4,583,734,000
Intangible assets 83,482,000 550,000
Pre-delivery deposits on flight equipment 73,572,000 113,493,000
Deferred heavy maintenance, net 115,451,000 241,094,000
Other long-term assets 75,493,000 54,951,000
Total assets 8,576,287,000 9,595,178,000
Current liabilities:    
Accounts payable 147,676,000 32,385,000
Air traffic liability 407,473,000 436,813,000
Current maturities of long-term debt, net, and finance leases 121,190,000 436,532,000
Current maturities of operating leases 239,633,000 257,796,000
Other current liabilities 537,556,000 605,839,000
Total current liabilities 1,453,528,000 1,769,365,000
Long-term debt, net and finance leases, less current maturities 2,242,448,000 1,761,215,000
Operating leases, less current maturities 4,228,832,000 4,335,106,000
Deferred income taxes 64,757,000 51,927,000
Deferred gains and other long-term liabilities 107,277,000 122,595,000
Liabilities subject to compromise 0 1,635,104,000
Shareholders’ equity (deficit):    
Common stock 2,000 11,000
Additional paid-in-capital 736,212,000 1,173,692,000
Treasury stock, at cost 0 (81,285,000)
Retained earnings (deficit) (256,767,000) (1,172,740,000)
Accumulated other comprehensive income (loss) (2,000) 188,000
Total shareholders’ equity (deficit) 479,445,000 (80,134,000)
Total liabilities and shareholders’ equity (deficit) $ 8,576,287,000 $ 9,595,178,000