v3.26.3
CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 339,440 $ 172,696
Restricted cash 51,435 18,064
Short-term investments 514,756 632,959
Accounts receivable 114,635 57,110
Expendable parts, supplies and fuel, net 59,701 34,431
Short-term lessor maintenance deposits 38,210 0
Prepaid expenses and other current assets 106,275 52,393
TOTAL CURRENT ASSETS 1,224,452 967,653
Property and equipment, net 4,247,489 2,947,536
Long-term investments 10,502 32,823
Goodwill and intangible assets 482,697 0
Deferred major maintenance, net 154,187 148,506
Operating lease right-of-use assets, net 95,285 63,389
Deposits and other assets 132,369 49,494
TOTAL ASSETS: 6,346,981 4,209,401
CURRENT LIABILITIES    
Accounts payable 148,248 64,506
Accrued liabilities 228,490 186,019
Accrued pilot retention bonus 0 235,887
Current operating lease liabilities 13,620 10,936
Air traffic liability 632,484 363,328
Current loyalty program liability 53,340 39,711
Current maturities of long-term debt and finance lease obligations, net of related costs 371,542 118,075
TOTAL CURRENT LIABILITIES 1,447,724 1,018,462
Long-term debt and finance lease obligations, net of current maturities and related costs 2,566,532 1,681,541
Deferred income taxes 407,352 305,416
Noncurrent operating lease liabilities 54,610 54,170
Noncurrent loyalty program liability 44,581 37,921
Other noncurrent liabilities 61,161 59,214
TOTAL LIABILITIES: 4,581,960 3,156,724
TOTAL LIABILITIES:    
Common stock, par value $0.001 35 26
Treasury shares (684,258) (682,511)
Additional paid in capital 1,460,309 771,967
Accumulated other comprehensive income, net 7,944 4,644
Retained earnings 980,991 958,551
TOTAL EQUITY: 1,765,021 1,052,677
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY: $ 6,346,981 $ 4,209,401