v3.26.1
LONG-TERM DEBT (Tables)
6 Months Ended
Jun. 30, 2026
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table presents the components of Long-term debt, net as of the dates listed in the table below (in thousands, except interest rates):
Maturity DateInterest Rate per Annum as of June 30, 2026June 30, 2026December 31, 2025
Series A Equipment Notes
2029
SOFR + 1.75%
$189,152 $173,239 
Series B Equipment Notes
20275.97%66,152 — 
2026 Term Loan
202812%101,067 — 
2023 Term Loans
202810%514,283 489,368 
2023 Revolving Credit Facility(1)
202810%48,452 8,712 
Total debt
919,106 671,319 
Less: Total unamortized debt discount and debt issuance costs
316,852 335,922 
Less: Current maturities of long-term debt
21,070 19,039 
Long-term debt, net
$581,184 $316,358 
__________________
(1)    As of June 30, 2026, includes $11.3 million outstanding in connection with the Credit Support Premium (as defined below), which will become due and payable in-full upon the earlier of repayment and extinguishment of the Revolving Equipment Notes Facility (as defined below) and the termination of Delta’s obligation to provide credit support for the Revolving Equipment Notes Facility. The Credit Support Premium constitutes a Revolving Loan (as defined in the 2023 Credit Agreement (as defined below)) under the 2023 Credit Agreement; however, any such accrued amounts do not reduce Delta’s $100.0 million commitment available to be borrowed by the Company from time to time until September 20, 2028 under the 2023 Revolving Credit Facility (as defined below).
Schedule of Maturities of Long-Term Debt
Maturities of principal debt payments through December 31, 2029 for debt obligations outstanding as of June 30, 2026 are as follows (in thousands):
Maturities
Remainder of 2026
$10,537 
202788,272 
2028640,629 
2029179,668 
Total
$919,106 
Schedule of Redemptions and Issuances of Revolving Equipment
During the three and six months ended June 30, 2026, redemptions and issuances of Revolving Equipment Notes by WUP LLC were as follows:
Three Months Ended June 30, 2026Six Months Ended June 30, 2026
Principal Amount ($) (in thousands)Number of AircraftPrincipal Amount ($) (in thousands)Number of Aircraft
Series A Equipment Notes:
Issuances
$21,602 3$82,302 12
Redemptions$23,987 11$55,887 20
Series B Equipment Notes:
Issuances
$2,812 1$2,812 1
Redemptions
$4,659 4$4,659 4