v3.26.1
CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 508,684 $ 172,696
Restricted cash 36,112 18,064
Short-term investments 544,791 632,959
Accounts receivable 107,278 57,110
Expendable parts, supplies and fuel, net 55,284 34,431
Short-term lessor maintenance deposits 37,555 0
Prepaid expenses and other current assets 68,186 52,393
TOTAL CURRENT ASSETS 1,357,890 967,653
Property and equipment, net 4,228,694 2,947,536
Long-term investments 15,511 32,823
Goodwill and intangible assets 485,909 0
Deferred major maintenance, net 149,155 148,506
Operating lease right-of-use assets, net 69,399 63,389
Deposits and other assets 137,907 49,494
TOTAL ASSETS: 6,444,465 4,209,401
CURRENT LIABILITIES    
Accounts payable 139,849 64,506
Accrued liabilities 264,837 186,019
Accrued pilot retention bonus 272,982 235,887
Current operating lease liabilities 14,362 10,936
Air traffic liability 570,631 363,328
Current loyalty program liability 50,794 39,711
Current maturities of long-term debt and finance lease obligations, net of related costs 318,676 118,075
TOTAL CURRENT LIABILITIES 1,632,131 1,018,462
Long-term debt and finance lease obligations, net of current maturities and related costs 2,460,778 1,681,541
Deferred income taxes 413,507 305,416
Noncurrent operating lease liabilities 58,343 54,170
Noncurrent loyalty program liability 41,784 37,921
Other noncurrent liabilities 60,548 59,214
TOTAL LIABILITIES: 4,667,091 3,156,724
TOTAL LIABILITIES:    
Common stock, par value $0.001 26 26
Treasury shares (682,331) (682,511)
Additional paid in capital 1,456,769 771,967
Accumulated other comprehensive income, net 6,741 4,644
Retained earnings 996,169 958,551
TOTAL EQUITY: 1,777,374 1,052,677
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY: $ 6,444,465 $ 4,209,401