Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2026

The following table summarizes the Company's long-term debt and finance lease obligations, net of related costs, as of the dates indicated:


(in thousands)	March 31, 2026		December 31, 2025
Fixed-rate debt and finance lease obligations due through 2032	$	1,068,164	$	1,062,935
Variable-rate debt due through 2037	723,670		736,681
Total long-term debt and finance lease obligations, net of related costs	1,791,834		1,799,616
Less current maturities, net of related costs	121,346		118,075
Long-term debt and finance lease obligations, net of current maturities and related costs	$	1,670,488	$	1,681,541

Weighted average fixed-interest rate on debt	6.6%		6.7%
Weighted average variable-interest rate on debt	5.7%		5.9%


				Interest Rate(s) Per Annum at			Balance as of
(dollars in thousands)	Maturity Dates			March 31, 2026			March 31, 2026		December 31, 2025
Senior secured notes	2027			7.25%			$	403,009	$	403,009
Consolidated variable interest entities	2028	-	2031	2.92%	-	5.19%	112,315		95,111
Revolving credit facilities	2028	-	2030	N/A			—		—
Debt secured by aircraft, engines, other equipment and real estate	2028	-	2037	1.87%	-	7.74%	895,845		915,084
Finance leases	2028	-	2032	4.44%	-	7.02%	396,184		403,060


Total debt and finance lease obligations							$	1,807,353	$	1,816,264
Related costs							(15,519)		(16,648)
Total debt and finance lease obligations, net of related costs							$	1,791,834	$	1,799,616

Maturities of long term debt as of March 31, 2026, for the next five years and thereafter, in the aggregate, are:


(in thousands)	As of March 31, 2026
Remaining in 2026	$	90,512
2027	528,574
2028	171,117
2029	204,517
2030	178,742
2031	137,384
Thereafter	480,988
Total debt and finance lease obligations, net of related costs	$	1,791,834