v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 275,012 $ 256,692
Restricted cash 46,067 33,043
Prepaid expenses and other current assets 63,673 78,145
Total current assets 384,752 367,880
Property and equipment, net 511,764 522,123
Goodwill 60,609 60,609
Intangibles, net 16,031 16,599
Other long-term assets 14,026 12,747
Total assets 987,182 979,958
Current Liabilities:    
Unearned passenger revenues 399,156 361,481
Accrued expenses 47,497 76,732
Accounts payable 24,981 22,227
Lease liabilities - current portion 1,486 1,151
Long-term debt - current portion 0 3
Total current liabilities 473,120 461,594
Long-term debt, less current portion 663,217 662,671
Deferred tax liabilities 227 2,224
Other long-term liabilities 7,445 6,968
Total liabilities 1,144,009 1,133,457
Commitments and contingencies 0 0
Redeemable noncontrolling interests 33,298 47,948
Temporary equity, including noncontrolling interest 33,298 131,027
STOCKHOLDERS’ DEFICIT    
Preferred stock, $0.0001 par value, 1,000,000 shares authorized; 62,000 Series A shares issued and outstanding as of December 31, 2025 0 0
Common stock, $0.0001 par value, 200,000,000 shares authorized; 65,550,401 and 55,421,384 issued, 65,452,512 and 55,323,495 outstanding as of March 31, 2026 and December 31, 2025, respectively 7 6
Additional paid-in capital 218,809 126,873
Accumulated deficit (408,941) (411,405)
Total stockholders' deficit (190,125) (284,526)
Total liabilities, mezzanine equity and stockholders’ deficit 987,182 979,958
Series A Redeemable Convertible Preferred Stock [Member]    
Current Liabilities:    
Series A redeemable convertible preferred stock, 165,000 shares authorized; no shares issued and outstanding as of March 31, 2026, 62,000 shares issued and outstanding as of December 31, 2025 $ 0 $ 83,079