Allegiant Travel (ALGT) 10-Q 5 Nov 24 2024 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2024	Oct. 24, 2024
Document and Entity Information [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
Document Transition Report	false
Entity File Number	001-33166
Entity Registrant Name	Allegiant Travel Co
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	20-4745737
Entity Address, Address Line One	1201 North Town Center Drive
Entity Address, City or Town	Las Vegas,
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89144
City Area Code	702
Local Phone Number	851-7300
Title of 12(b) Security	Common stock, par value $0.001
Trading Symbol	ALGT
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		18,343,946
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001362468
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3

CONSOLIDATED BALANCE SHEETS_(un

CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and cash equivalents	$ 265,874	$ 143,259
Restricted cash	25,015	16,325
Short-term investments	493,393	671,414
Accounts receivable	62,324	70,743
Expendable parts, supplies and fuel, net	35,645	36,335
Prepaid expenses and other current assets	48,365	63,054
TOTAL CURRENT ASSETS	930,616	1,001,130
Property and equipment, net	3,448,723	3,430,103
Long-term investments	45,290	56,004
Deferred major maintenance, net	173,440	170,032
Operating lease right-of-use assets, net	86,629	100,707
Deposits and other assets	103,554	98,691
TOTAL ASSETS:	4,788,252	4,856,667
TOTAL ASSETS:
Accounts payable	55,296	54,484
Accrued liabilities	297,849	292,335
Current operating lease liabilities	22,023	20,873
Air traffic liability	397,000	353,488
Current loyalty program liability	41,509	38,447
Current maturities of long-term debt and finance lease obligations, net of related costs	420,882	439,937
TOTAL CURRENT LIABILITIES	1,234,559	1,199,564
Long-term debt and finance lease obligations, net of current maturities and related costs	1,767,250	1,819,717
Deferred income taxes	366,631	384,602
Noncurrent operating lease liabilities	66,562	82,410
Noncurrent loyalty program liability	38,934	32,366
Other noncurrent liabilities	14,416	9,448
TOTAL LIABILITIES:	3,488,352	3,528,107
TOTAL LIABILITIES:
Common stock, par value $0.001	26	26
Treasury shares	(681,774)	(681,932)
Additional paid in capital	757,475	741,055
Accumulated other comprehensive income, net	4,696	3,991
Retained earnings	1,219,477	1,265,420
TOTAL EQUITY:	1,299,900	1,328,560
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY:	$ 4,788,252	$ 4,856,667

CONSOLIDATED BALANCE SHEETS_(_2

CONSOLIDATED BALANCE SHEETS (unaudited) (Parenthetical) - $ / shares	Sep. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Common Stock, Par or Stated Value Per Share (in dollars per share)	$ 0.001	$ 0.001

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
OPERATING REVENUES:
Passenger	$ 488,989	$ 516,251	$ 1,663,423	$ 1,768,274
Third party products	39,423	30,944	109,924	85,886
Fixed fee contracts	20,559	17,741	57,119	43,599
Resort and other	13,225	423	54,418	1,096
Total operating revenues	562,196	565,359	1,884,884	1,898,855
OPERATING EXPENSES:
Salaries and benefits	195,326	163,004	618,595	499,798
Aircraft fuel	148,241	167,861	488,388	520,018
Station operations	70,632	64,630	206,898	192,864
Depreciation and amortization	63,918	55,816	193,122	164,430
Sales and marketing	24,869	28,468	83,266	85,265
Maintenance and repairs	30,278	35,477	91,286	95,553
Aircraft lease rentals	5,920	5,906	17,653	18,973
Other	40,563	29,432	121,671	91,757
Special charges, net of recoveries	8,790	32,648	40,002	19,828
Total operating expenses	588,537	583,242	1,860,881	1,688,486
OPERATING INCOME (LOSS)	(26,341)	(17,883)	24,003	210,369
OTHER (INCOME) EXPENSES:
Interest expense	39,065	39,233	118,769	112,707
Capitalized interest	(11,923)	(14,888)	(34,718)	(28,949)
Interest income	(10,071)	(12,444)	(33,441)	(34,418)
Other, net	30	135	146	185
Total other expenses	17,101	12,036	50,756	49,525
INCOME (LOSS) BEFORE INCOME TAXES	(43,442)	(29,919)	(26,753)	160,844
INCOME TAX PROVISION (BENEFIT)	(6,653)	(4,853)	(2,745)	41,292
NET INCOME (LOSS)	$ (36,789)	$ (25,066)	$ (24,008)	$ 119,552
Earnings (loss) per share to common shareholders:
Basic (in dollars per share)	$ (2.05)	$ (1.44)	$ (1.38)	$ 6.44
Diluted (in dollars per share)	$ (2.05)	$ (1.44)	$ (1.38)	$ 6.43
Shares used for computation:
Basic (in shares)	17,913	17,721	17,802	17,879
Diluted (in shares)	17,913	17,721	17,802	17,913
Cash dividends declared per share (in dollars per share)	$ 0	$ 0.60	$ 1.20	$ 0.60

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
NET INCOME (LOSS)	$ (36,789)	$ (25,066)	$ (24,008)	$ 119,552
Other comprehensive income:
Change in available for sale securities, net of tax	2,167	556	705	1,938
TOTAL COMPREHENSIVE INCOME (LOSS)	$ (34,622)	$ (24,510)	$ (23,303)	$ 121,490

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Total shareholders' equity	Common Stock	Additional paid-in capital	Accumulated other comprehensive income	Retained earnings	Treasury shares
Beginning balance (in shares) at Dec. 31, 2022			18,128
Par value, beginning balance at Dec. 31, 2022			$ 25
Beginning balance at Dec. 31, 2022	$ 1,220,698			$ 709,471	$ 1,257	$ 1,169,968	$ (660,023)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation (in shares)			415
Share-based compensation		$ 24,662	$ 1	24,661
Shares repurchased by the Company and held as treasury shares (in shares)			(173)
Shares repurchased by the Company and held as treasury shares		(16,853)					(16,853)
Stock issued under employee stock purchase plan (in shares)			41
Stock issued under employee stock purchase plan		4,232					4,232
Cash dividends		(11,084)				(11,084)
Other comprehensive income (loss)		1,938			1,938
Net income		119,552				119,552
Ending balance (in shares) at Sep. 30, 2023			18,411
Par value, ending balance at Sep. 30, 2023			$ 26
Ending balance at Sep. 30, 2023	1,343,145			734,132	3,195	1,278,436	(672,644)
Beginning balance (in shares) at Jun. 30, 2023			18,450
Par value, beginning balance at Jun. 30, 2023			$ 26
Beginning balance at Jun. 30, 2023	1,373,561			727,534	2,639	1,314,586	(671,224)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation (in shares)			(23)
Share-based compensation		6,598		6,598
Shares repurchased by the Company and held as treasury shares (in shares)			(16)
Shares repurchased by the Company and held as treasury shares		(1,420)					(1,420)
Cash dividends		(11,084)				(11,084)
Other comprehensive income (loss)		556			556
Net income		(25,066)				(25,066)
Ending balance (in shares) at Sep. 30, 2023			18,411
Par value, ending balance at Sep. 30, 2023			$ 26
Ending balance at Sep. 30, 2023	1,343,145			734,132	3,195	1,278,436	(672,644)
Beginning balance (in shares) at Dec. 31, 2023			18,269
Par value, beginning balance at Dec. 31, 2023	26		$ 26
Beginning balance at Dec. 31, 2023	1,328,560			741,055	3,991	1,265,420	(681,932)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation (in shares)			84
Share-based compensation		16,420		16,420
Shares repurchased by the Company and held as treasury shares (in shares)			(81)
Shares repurchased by the Company and held as treasury shares		(4,756)					(4,756)
Stock issued under employee stock purchase plan (in shares)			90
Stock issued under employee stock purchase plan		4,914					4,914
Cash dividends		(21,935)				(21,935)
Other comprehensive income (loss)		705			705
Net income		(24,008)				(24,008)
Ending balance (in shares) at Sep. 30, 2024			18,362
Par value, ending balance at Sep. 30, 2024	26		$ 26
Ending balance at Sep. 30, 2024	1,299,900			757,475	4,696	1,219,477	(681,774)
Beginning balance (in shares) at Jun. 30, 2024			18,318
Par value, beginning balance at Jun. 30, 2024			$ 26
Beginning balance at Jun. 30, 2024	1,333,035			754,255	2,529	1,256,266	(680,041)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation (in shares)			79
Share-based compensation		3,220		3,220
Shares repurchased by the Company and held as treasury shares (in shares)			(35)
Shares repurchased by the Company and held as treasury shares		(1,733)					(1,733)
Other comprehensive income (loss)		2,167			2,167
Net income		$ (36,789)				(36,789)
Ending balance (in shares) at Sep. 30, 2024			18,362
Par value, ending balance at Sep. 30, 2024	26		$ 26
Ending balance at Sep. 30, 2024	$ 1,299,900			$ 757,475	$ 4,696	$ 1,219,477	$ (681,774)

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (unaudited) (Parenthetical) - $ / shares	3 Months Ended	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Statement of Stockholders' Equity [Abstract]
Common stock, dividends, per share, cash paid (in dollars per share)	$ 0.60	$ 1.20	$ 0.60

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Statement of Cash Flows [Abstract]
NET INCOME (LOSS)	$ (24,008)	$ 119,552
Depreciation and amortization	193,122	164,430
Special charges, net of recoveries	24,048	19,400
Other adjustments	(23,340)	31,281
Air traffic liability	43,511	16,377
Other - net	40,743	18,418
Net cash provided by operating activities	254,076	369,458
Cash flows from investing activities:
Purchase of investment securities	(403,791)	(668,234)
Proceeds from maturities of investment securities	606,464	753,094
Aircraft pre-delivery deposits	(35,053)	(255,195)
Purchase of property and equipment	(239,817)	(407,225)
Other investing activities	31,353	40,123
Net cash used in investing activities	(40,844)	(537,437)
Cash flows from financing activities:
Cash dividends paid to shareholders	(21,935)	(11,084)
Proceeds from the issuance of debt and finance lease obligations	93,987	480,875
Repurchase of common stock	(5,144)	(16,853)
Principal payments on debt and finance lease obligations	(170,622)	(292,890)
Debt issuance costs	(447)	(4,929)
Sunseeker construction financing disbursements	17,320	69,869
Other financing activities	4,914	4,233
Net cash provided by/(used in) financing activities	(81,927)	229,221
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH	131,305	61,242
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD	159,584	245,446
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD	290,889	306,688
CASH PAYMENTS FOR:
Interest paid, net of amount capitalized	84,329	113,977
Income tax payments	5,695	359
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS:
Right-of-use (ROU) assets acquired	1,379	8,320
Purchases of property and equipment in accrued liabilities	$ 17,858	$ 75,001

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited consolidated financial statements include the accounts of Allegiant Travel Company (the “Company”) and its majority-owned operating subsidiaries. The Company's investments in unconsolidated affiliates, which are 50 percent or less owned, are accounted for under the equity or cost method, and are insignificant to the consolidated financial statements. All intercompany balances and transactions have been eliminated. These unaudited consolidated financial statements reflect all normal recurring adjustments which management believes are necessary to present fairly the financial position, results of operations, and cash flows of the Company for the respective periods presented. Certain information and footnote disclosures normally included in the annual consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission for Form 10-Q. These unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company and notes thereto included in the annual report of the Company on Form 10-K for the year ended December 31, 2023 and filed with the Securities and Exchange Commission. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates. The Company has reclassified certain prior period amounts to conform to the current period presentation.

Special Charges

Special Charges	9 Months Ended
	Sep. 30, 2024
Unusual or Infrequent Items, or Both [Abstract]
Special Charges	Special Charges Sunseeker Resort The Sunseeker Resort at Charlotte Harbor (the "Resort" or "Sunseeker Resort") was impacted by Hurricanes Ian, Idalia, and Helene in the years 2022, 2023, and 2024 respectively. While the Resort was built to withstand hurricanes and flooding, these weather events are unprecedented in their frequency and the amount of destruction caused in Southwest Florida. The Company believes these weather events will be unusual and has included the cost of these events and the related insurance recoveries in special charges. The estimated losses are recorded to special charges in the period of the event and are offset by insurance recoveries in the period they are approved. To date, the Company has recorded $81.5 million in losses and $56.5 million in insurance recoveries. The Company has submitted additional insurance claims, relating to Hurricanes Ian and Idalia, that remain outstanding at the date of this report. Airline Due to the heavy maintenance needs on certain aging Airbus airframes and capacity constraints at the maintenance, repair, and overhaul contractors, the Company reevaluated its fleet plan and identified 21 airframes for early retirement to coincide with 737 MAX aircraft deliveries as scheduled under an amendment to the Company's agreement with The Boeing Company signed in September 2023. Two airframes were retired in 2023 and six airframes have been retired during the nine months ended September 30, 2024. The remaining airframes are to be retired between December 2024 and December 2026. The accelerated depreciation on these airframes resulting from a change in the estimated useful life is recorded as a special charge. In April 2024, the Company's flight attendants, represented by the Transport Workers Union of America, ratified a new five-year collective bargaining agreement. Under the agreement, a ratification bonus was paid in May 2024, which amount is included within special charges. In third quarter 2024, the Company recorded $3.4 million of special charges related to organizational restructuring. Special Charges The table below summarizes special charges recorded during the three and nine months ended September 30, 2024, and 2023. Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Sunseeker weather and related events, net of insurance recoveries 1,139 17,432 (2,637) 4,598 Accelerated depreciation on airframes identified for early retirement 4,231 15,216 28,398 15,230 Flight attendant ratification bonus (1) — — 10,821 — Organizational restructuring 3,420 — 3,420 — Total special charges 8,790 $ 32,648 40,002 $ 19,828 (1)

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2024
Revenue Recognition [Abstract]
Revenue Recognition	Revenue Recognition Passenger Revenue Passenger revenue is the most significant category in the Company's reported operating revenues, as outlined below: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Scheduled service $ 206,447 $ 231,757 $ 769,041 $ 862,823 Ancillary air-related charges 271,150 273,091 853,333 866,728 Loyalty redemptions 11,392 11,403 41,049 38,723 Total passenger revenue $ 488,989 $ 516,251 $ 1,663,423 $ 1,768,274 Sales of passenger tickets not yet flown are recorded in air traffic liability. Passenger revenue is recognized when the underlying service is provided. As of September 30, 2024, the air traffic liability balance was $397.0 million, of which approximately $345.9 million was related to forward bookings, with the remaining $51.1 million related to credit vouchers for future travel. The normal contract term of passenger tickets is 12 months and passenger revenue associated with future travel will principally be recognized within this time frame. Of the $353.5 million that was recorded in the air traffic liability balance as of December 31, 2023, approximately 87.2 percent was recognized into passenger revenue during the nine months ended September 30, 2024. The Company periodically evaluates the estimated amount of credit vouchers expected to expire unused and any adjustment is removed from air traffic liability and included in passenger revenue in the period in which the evaluation is complete. Resort Revenue The Company's resort revenues for the three and nine months ended September 30, 2024 are set forth in the table below: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Food and beverage $ 5,929 $ — $ 24,344 $ — Rooms 5,190 — 21,800 — Other 1,950 — 7,624 — Total resort revenue $ 13,069 $ — $ 53,768 $ — Revenue from banquets, golf, retail and spa services are included in other resort revenue. Resort revenue is recognized as the underlying services or goods have been provided. There is typically little to no lag between when the services are performed and when payment is remitted. Large group reservations, conventions, and other event bookings require advance deposits which are recorded as accrued liabilities in the Company's balance sheet until the related services and goods are provided. Guest receivables are recorded in accounts receivable on the Company's balance sheet for room nights stayed prior to payment at checkout. The amounts of advance deposit liabilities and guest ledger receivables were not material as of September 30, 2024 or December 31, 2023. Loyalty redemptions In relation to the travel component of the Allways Rewards® co-brand credit card contract, the Company has a performance obligation to provide point holders with future travel award redemptions at the airline and resort. Therefore, consideration received related to the travel component is deferred based on its relative selling price and is recognized into passenger revenue or resort revenue when the points are redeemed and the underlying service is provided. Similarly, in relation to the Allways Rewards loyalty program, points earned through the program are deferred based on the stand-alone selling price and recognized into passenger or resort revenue when the points are redeemed and the underlying service is provided. The following table presents the activity of the point liability for the periods indicated: Nine Months Ended September 30, (in thousands) 2024 2023 Points balance at January 1 $ 70,813 $ 56,500 Points awarded (deferral of revenue) 50,704 54,031 Points redeemed (recognition of revenue) (41,074) (38,723) Points balance at September 30 $ 80,443 $ 71,808

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment The following table summarizes the Company's property and equipment as of the dates indicated: (in thousands) September 30, 2024 December 31, 2023 Airline Flight equipment $ 3,377,753 $ 3,329,207 Computer hardware and software 313,233 274,927 Land and buildings/leasehold improvements 64,629 63,863 Other property and equipment 114,081 109,727 Sunseeker Resort Land and buildings/leasehold improvements 552,955 542,129 Other property and equipment 83,394 75,116 Total property and equipment 4,506,045 4,394,969 Less accumulated depreciation and amortization (1,057,322) (964,866) Property and equipment, net $ 3,448,723 $ 3,430,103 As of September 30, 2024, the Company had firm commitments to purchase 49 aircraft. Accrued capital expenditures as of September 30, 2024 and December 31, 2023 were $17.9 million and $71.7 million, respectively.

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt 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) September 30, 2024 December 31, 2023 Fixed-rate debt and finance lease obligations due through 2032 $ 1,763,074 $ 1,834,754 Variable-rate debt due through 2036 425,058 424,900 Total long-term debt and finance lease obligations, net of related costs 2,188,132 2,259,654 Less current maturities, net of related costs 420,882 439,937 Long-term debt and finance lease obligations, net of current maturities and related costs $ 1,767,250 $ 1,819,717 Weighted average fixed-interest rate on debt 6.4% 6.3% Weighted average variable-interest rate on debt 7.7% 7.9% Interest Rate(s) Per Annum at Balance as of (dollars in thousands) Maturity Dates September 30, 2024 September 30, 2024 December 31, 2023 Senior secured notes 2027 7.25% $ 550,000 $ 550,000 Consolidated variable interest entities 2024 - 2029 2.92% - 5.19% 118,881 130,650 Revolving credit facilities 2024 - 2027 7.72% 124,395 200,000 Debt secured by aircraft, engines, other equipment and real estate 2025 - 2036 1.87% - 8.91% 625,889 596,271 Finance leases 2028 - 2032 4.44% - 7.01% 436,370 455,248 Sunseeker construction loan 2028 5.75% 350,000 350,000 Total debt $ 2,205,535 $ 2,282,169 Related costs (17,403) (22,515) Total debt net of related costs $ 2,188,132 $ 2,259,654 Maturities of long term debt as of September 30, 2024, for the next five years and thereafter, in the aggregate, are: (in thousands) As of September 30, 2024 Remaining in 2024 $ 163,014 2025 319,157 2026 182,844 2027 716,227 2028 335,625 2029 150,803 Thereafter 320,462 Total debt and finance lease obligations, net of related costs $ 2,188,132 Debt Secured by Aircraft During the nine months ended September 30, 2024, the Company received $18.8 million in advances and made $75.6 million in repayments on pre-delivery payment (PDP) credit facilities secured by certain aircraft purchase rights. The notes under the facilities bear interest at floating interest rates based on SOFR and are payable at maturity or upon delivery of the collateralized aircraft, whichever comes first. During the three months ended September 30, 2024, the Company borrowed $75.2 million through two new debt facilities secured by two aircraft. These notes bear interest at floating interest rates based on SOFR, are payable in quarterly installments, and mature in September 2029 and September 2036. Other Secured Debt

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recorded a $6.7 million income tax benefit at a 15.3 percent effective tax rate and a $4.9 million income tax benefit at a 16.3 percent effective tax rate for the three months ended September 30, 2024 and 2023, respectively. The effective tax rate for the three months ended September 30, 2024 differed from the statutory federal income tax rate of 21.0 percent primarily due to state income taxes, permanent tax differences, and discrete items, none of which are individually significant.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The Company utilizes the market approach to measure the fair value of its financial assets. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable assets. The assets classified as Level 2 primarily utilize quoted market prices or alternative pricing sources including transactions involving identical or comparable assets and models utilizing market observable inputs for valuation of these securities. No changes in valuation techniques or inputs occurred during the nine months ended September 30, 2024. Financial instruments measured at fair value on a recurring basis: As of September 30, 2024 As of December 31, 2023 (in thousands) Total Level 1 Level 2 Total Level 1 Level 2 Cash equivalents Money market funds $ 54,649 $ 54,649 $ — $ 33,613 $ 33,613 $ — Commercial paper — — — 19,575 — 19,575 Municipal debt securities — — — 7,848 — 7,848 Federal agency debt securities — — — 8,201 — 8,201 US Treasury bonds — — — 2,000 — 2,000 Total cash equivalents 54,649 54,649 — 71,237 33,613 37,624 Short-term Corporate debt securities 253,431 — 253,431 210,982 — 210,982 Commercial paper 136,617 — 136,617 237,870 — 237,870 Federal agency debt securities 81,427 — 81,427 194,522 — 194,522 Municipal debt securities 14,751 — 14,751 13,914 — 13,914 Certificates of deposit 7,167 — 7,167 — — — US Treasury Bonds — — — 14,126 — 14,126 Total short-term 493,393 — 493,393 671,414 — 671,414 Long-term Corporate debt securities 35,200 — 35,200 43,869 — 43,869 Federal agency debt securities 8,748 — 8,748 12,135 — 12,135 Municipal debt securities 1,342 — 1,342 — — — Total long-term 45,290 — 45,290 56,004 — 56,004 Total financial instruments $ 593,332 $ 54,649 $ 538,683 $ 798,655 $ 33,613 $ 765,042 None of the Company's debt is publicly held and as a result, the Company has determined the estimated fair value of these notes as Level 3 liabilities. Certain inputs used to determine fair value are unobservable and, therefore, could be sensitive to changes in inputs. The Company utilizes the discounted cash flow method to estimate the fair value of Level 3 debt. The carrying value and estimated fair value of long-term debt, excluding finance leases, including current maturities and without reduction for related costs, are as follows: As of September 30, 2024 As of December 31, 2023 (in thousands) Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Hierarchy Level Fair Value of Notes Payable $ 1,769,165 $ 1,759,662 $ 1,826,921 $ 1,815,351 3 Due to their short-term nature, the carrying amounts of cash, restricted cash, accounts receivable and accounts payable approximate fair value.

Earnings (Loss) per Share

Earnings (Loss) per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Earnings (Loss) per Share	Earnings per Share Basic and diluted earnings per share are computed pursuant to the two-class method. Under this method, the Company attributes net income to two classes: common stock and unvested restricted stock. Unvested restricted stock awards granted to employees under the Company’s Long-Term Incentive Plan are considered participating securities as they receive non-forfeitable rights to cash dividends at the same rate as common stock. Diluted net income per share is calculated using the more dilutive of the two methods. Under both methods, the exercise of employee stock options is assumed using the treasury stock method. The assumption of vesting of restricted stock, however, differs: 1. Assume vesting of restricted stock using the treasury stock method. 2. Assume unvested restricted stock awards are not vested, and allocate earnings to common shares and unvested restricted stock awards using the two-class method. The following table sets forth the computation of net income per share, on a basic and diluted basis, for the periods indicated (share count and dollar amounts other than per-share amounts in the table are in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Basic: Net income (loss) $ (36,789) $ (25,066) $ (24,008) $ 119,552 Less income allocated to participating securities — (452) (618) (4,397) Net income (loss) attributable to common stock $ (36,789) $ (25,518) $ (24,626) $ 115,155 Earnings (loss) per share, basic $ (2.05) $ (1.44) $ (1.38) $ 6.44 Weighted-average shares outstanding 17,913 17,721 17,802 17,879 Diluted: Net income (loss) $ (36,789) $ (25,066) $ (24,008) $ 119,552 Less income allocated to participating securities — (452) (618) (4,389) Net income (loss) attributable to common stock $ (36,789) $ (25,518) $ (24,626) $ 115,163 Earnings (loss) per share, diluted $ (2.05) $ (1.44) $ (1.38) $ 6.43 Weighted-average shares outstanding 17,913 17,721 17,802 17,879 Dilutive effect of restricted stock — — — 238 Adjusted weighted-average shares outstanding under treasury stock method 17,913 17,721 17,802 18,117 Participating securities excluded under two-class method — — — (204) Adjusted weighted-average shares outstanding under two-class method 17,913 17,721 17,802 17,913

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies The Company is subject to certain legal and administrative actions it considers routine to its business activities. The Company believes the ultimate outcome of any potential and pending legal or administrative matters will not have a material adverse impact on its financial position, liquidity or results of operations.

Segments

Segments	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Segments	Segments Operating segments are components of a company for which separate financial and operating information is regularly evaluated and reported to the Chief Operating Decision Maker ("CODM"), and is used to allocate resources and analyze performance. The Company's CODM is Gregory Anderson, President and CEO, who reviews information about the Company's two operating segments: Airline and Sunseeker Resort. Airline Segment The Airline segment operates as a single business unit and includes all scheduled service air transportation, ancillary air-related products and services, third party products and services, fixed fee contract air transportation and other airline-related revenue. The CODM evaluation includes, but is not limited to, route and flight profitability data, ancillary and third party product and service offering statistics, and fixed fee contract information when making resource allocation decisions for the Airline segment. Sunseeker Resort Segment The Sunseeker Resort segment operates as a single business unit and includes hotel rooms and suites for occupancy, group meeting facilities, food and beverage options, the Aileron Golf Course and other Resort amenities. The CODM evaluation includes, but is not limited to, demand for hospitality offerings, occupancy rates, room pricing, food and beverage offerings, other charge points at the Resort and competitive information when making resource allocation decisions for the Resort. Selected information for the Company's operating segments and the reconciliation to the consolidated financial statement amounts are as follows: Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Airline Sunseeker Consolidated Airline Sunseeker Consolidated OPERATING REVENUES: Passenger $ 488,989 $ — $ 488,989 $ 516,251 $ — $ 516,251 Third party products 39,423 — 39,423 30,944 — 30,944 Fixed fee contracts 20,559 — 20,559 17,741 — 17,741 Resort and other 156 13,069 13,225 423 — 423 Total operating revenues 549,127 13,069 562,196 565,359 — 565,359 OPERATING EXPENSES: Salaries and benefits 183,849 11,477 195,326 159,717 3,287 163,004 Aircraft fuel 148,241 — 148,241 167,861 — 167,861 Station operations 70,632 — 70,632 64,630 — 64,630 Depreciation and amortization 56,025 7,893 63,918 55,730 86 55,816 Maintenance and repairs 30,278 — 30,278 35,477 — 35,477 Sales and marketing 23,370 1,499 24,869 27,835 633 28,468 Aircraft lease rentals 5,920 — 5,920 5,906 — 5,906 Other 30,187 10,376 40,563 27,170 2,262 29,432 Special charges, net of recoveries 7,651 1,139 8,790 15,216 17,432 32,648 Total operating expenses 556,153 32,384 588,537 559,542 23,700 583,242 OPERATING INCOME (LOSS) (7,026) (19,315) (26,341) 5,817 (23,700) (17,883) Interest income (10,071) — (10,071) (12,444) — (12,444) Interest expense 33,582 5,483 39,065 33,698 5,535 39,233 Capitalized interest (11,923) — (11,923) (8,224) (6,664) (14,888) Capital expenditures 40,731 1,063 41,794 157,579 78,254 235,833 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Airline Sunseeker Consolidated Airline Sunseeker Consolidated OPERATING REVENUES: Passenger $ 1,663,423 $ — $ 1,663,423 $ 1,768,274 $ — $ 1,768,274 Third party products 109,924 — 109,924 85,886 — 85,886 Fixed fee contracts 57,119 — 57,119 43,599 — 43,599 Resort and other 650 53,768 54,418 1,096 — 1,096 Total operating revenues 1,831,116 53,768 1,884,884 1,898,855 — 1,898,855 OPERATING EXPENSES: Salaries and benefits 580,775 37,820 618,595 492,205 7,593 499,798 Aircraft fuel 488,388 — 488,388 520,018 — 520,018 Station operations 206,898 — 206,898 192,864 — 192,864 Depreciation and amortization 173,237 19,885 193,122 164,196 234 164,430 Maintenance and repairs 91,286 — 91,286 95,553 — 95,553 Sales and marketing 78,166 5,100 83,266 83,994 1,271 85,265 Aircraft lease rentals 17,653 — 17,653 18,973 — 18,973 Other 87,930 33,741 121,671 84,920 6,837 91,757 Special charges, net of recoveries 42,639 (2,637) 40,002 15,230 4,598 19,828 Total operating expenses 1,766,972 93,909 1,860,881 1,667,953 20,533 1,688,486 OPERATING INCOME (LOSS) 64,144 (40,141) 24,003 230,902 (20,533) 210,369 Interest income (33,441) — (33,441) (34,418) — (34,418) Interest expense 102,441 16,328 118,769 96,381 16,326 112,707 Capitalized interest (34,392) (326) (34,718) (13,143) (15,806) (28,949) Capital expenditures 201,950 19,105 221,055 425,996 260,892 686,888 Total assets were as follows as of the dates indicated: (in thousands) As of September 30, 2024 As of December 31, 2023 Airline $ 4,147,687 $ 4,200,545 Sunseeker Resort 640,565 656,122 Consolidated $ 4,788,252 $ 4,856,667

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent EventsThe Sunseeker Resort was directly impacted by Hurricane Milton, which made landfall on the west coast of Florida on October 9, 2024. As the Resort was within the evacuation zone, the Resort temporarily halted operations beginning October 7, 2024 and reopened with limited services on October 14, 2024. In addition to lost revenues, the Resort also sustained damages from the hurricane, which are currently being assessed.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
NET INCOME (LOSS)	$ (36,789)	$ (25,066)	$ (24,008)	$ 119,552

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Summary of Significant Accoun_2

Summary of Significant Accounting Policies - (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements include the accounts of Allegiant Travel Company (the “Company”) and its majority-owned operating subsidiaries. The Company's investments in unconsolidated affiliates, which are 50 percent or less owned, are accounted for under the equity or cost method, and are insignificant to the consolidated financial statements. All intercompany balances and transactions have been eliminated. These unaudited consolidated financial statements reflect all normal recurring adjustments which management believes are necessary to present fairly the financial position, results of operations, and cash flows of the Company for the respective periods presented. Certain information and footnote disclosures normally included in the annual consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") have been omitted pursuant to the rules and regulations of the Securities and Exchange Commission for Form 10-Q. These unaudited interim consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company and notes thereto included in the annual report of the Company on Form 10-K for the year ended December 31, 2023 and filed with the Securities and Exchange Commission. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities, at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from these estimates. The Company has reclassified certain prior period amounts to conform to the current period presentation.

Special Charges (Tables)

Special Charges (Tables)	9 Months Ended
	Sep. 30, 2024
Unusual or Infrequent Items, or Both [Abstract]
Summary of Special Charges	The table below summarizes special charges recorded during the three and nine months ended September 30, 2024, and 2023. Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Sunseeker weather and related events, net of insurance recoveries 1,139 17,432 (2,637) 4,598 Accelerated depreciation on airframes identified for early retirement 4,231 15,216 28,398 15,230 Flight attendant ratification bonus (1) — — 10,821 — Organizational restructuring 3,420 — 3,420 — Total special charges 8,790 $ 32,648 40,002 $ 19,828 (1)

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue Recognition [Abstract]
Disaggregation of Revenue	Passenger revenue is the most significant category in the Company's reported operating revenues, as outlined below: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Scheduled service $ 206,447 $ 231,757 $ 769,041 $ 862,823 Ancillary air-related charges 271,150 273,091 853,333 866,728 Loyalty redemptions 11,392 11,403 41,049 38,723 Total passenger revenue $ 488,989 $ 516,251 $ 1,663,423 $ 1,768,274 The Company's resort revenues for the three and nine months ended September 30, 2024 are set forth in the table below: Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2024 2023 2024 2023 Food and beverage $ 5,929 $ — $ 24,344 $ — Rooms 5,190 — 21,800 — Other 1,950 — 7,624 — Total resort revenue $ 13,069 $ — $ 53,768 $ —
Contract with Customer, Contract Asset, Contract Liability, and Receivable	The following table presents the activity of the point liability for the periods indicated: Nine Months Ended September 30, (in thousands) 2024 2023 Points balance at January 1 $ 70,813 $ 56,500 Points awarded (deferral of revenue) 50,704 54,031 Points redeemed (recognition of revenue) (41,074) (38,723) Points balance at September 30 $ 80,443 $ 71,808

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	The following table summarizes the Company's property and equipment as of the dates indicated: (in thousands) September 30, 2024 December 31, 2023 Airline Flight equipment $ 3,377,753 $ 3,329,207 Computer hardware and software 313,233 274,927 Land and buildings/leasehold improvements 64,629 63,863 Other property and equipment 114,081 109,727 Sunseeker Resort Land and buildings/leasehold improvements 552,955 542,129 Other property and equipment 83,394 75,116 Total property and equipment 4,506,045 4,394,969 Less accumulated depreciation and amortization (1,057,322) (964,866) Property and equipment, net $ 3,448,723 $ 3,430,103

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Summary of Long-Term Debt	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) September 30, 2024 December 31, 2023 Fixed-rate debt and finance lease obligations due through 2032 $ 1,763,074 $ 1,834,754 Variable-rate debt due through 2036 425,058 424,900 Total long-term debt and finance lease obligations, net of related costs 2,188,132 2,259,654 Less current maturities, net of related costs 420,882 439,937 Long-term debt and finance lease obligations, net of current maturities and related costs $ 1,767,250 $ 1,819,717 Weighted average fixed-interest rate on debt 6.4% 6.3% Weighted average variable-interest rate on debt 7.7% 7.9% Interest Rate(s) Per Annum at Balance as of (dollars in thousands) Maturity Dates September 30, 2024 September 30, 2024 December 31, 2023 Senior secured notes 2027 7.25% $ 550,000 $ 550,000 Consolidated variable interest entities 2024 - 2029 2.92% - 5.19% 118,881 130,650 Revolving credit facilities 2024 - 2027 7.72% 124,395 200,000 Debt secured by aircraft, engines, other equipment and real estate 2025 - 2036 1.87% - 8.91% 625,889 596,271 Finance leases 2028 - 2032 4.44% - 7.01% 436,370 455,248 Sunseeker construction loan 2028 5.75% 350,000 350,000 Total debt $ 2,205,535 $ 2,282,169 Related costs (17,403) (22,515) Total debt net of related costs $ 2,188,132 $ 2,259,654
Schedule of Maturities of Long-Term Debt	Maturities of long term debt as of September 30, 2024, for the next five years and thereafter, in the aggregate, are: (in thousands) As of September 30, 2024 Remaining in 2024 $ 163,014 2025 319,157 2026 182,844 2027 716,227 2028 335,625 2029 150,803 Thereafter 320,462 Total debt and finance lease obligations, net of related costs $ 2,188,132

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
Assets Measured at Fair Value On a Recurring Basis	Financial instruments measured at fair value on a recurring basis: As of September 30, 2024 As of December 31, 2023 (in thousands) Total Level 1 Level 2 Total Level 1 Level 2 Cash equivalents Money market funds $ 54,649 $ 54,649 $ — $ 33,613 $ 33,613 $ — Commercial paper — — — 19,575 — 19,575 Municipal debt securities — — — 7,848 — 7,848 Federal agency debt securities — — — 8,201 — 8,201 US Treasury bonds — — — 2,000 — 2,000 Total cash equivalents 54,649 54,649 — 71,237 33,613 37,624 Short-term Corporate debt securities 253,431 — 253,431 210,982 — 210,982 Commercial paper 136,617 — 136,617 237,870 — 237,870 Federal agency debt securities 81,427 — 81,427 194,522 — 194,522 Municipal debt securities 14,751 — 14,751 13,914 — 13,914 Certificates of deposit 7,167 — 7,167 — — — US Treasury Bonds — — — 14,126 — 14,126 Total short-term 493,393 — 493,393 671,414 — 671,414 Long-term Corporate debt securities 35,200 — 35,200 43,869 — 43,869 Federal agency debt securities 8,748 — 8,748 12,135 — 12,135 Municipal debt securities 1,342 — 1,342 — — — Total long-term 45,290 — 45,290 56,004 — 56,004 Total financial instruments $ 593,332 $ 54,649 $ 538,683 $ 798,655 $ 33,613 $ 765,042
Fair Value, Liabilities Measured on Recurring Basis	The carrying value and estimated fair value of long-term debt, excluding finance leases, including current maturities and without reduction for related costs, are as follows: As of September 30, 2024 As of December 31, 2023 (in thousands) Carrying Value Estimated Fair Value Carrying Value Estimated Fair Value Hierarchy Level Fair Value of Notes Payable $ 1,769,165 $ 1,759,662 $ 1,826,921 $ 1,815,351 3

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Computation of Net Income Per Share, Basic and Diluted	The following table sets forth the computation of net income per share, on a basic and diluted basis, for the periods indicated (share count and dollar amounts other than per-share amounts in the table are in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Basic: Net income (loss) $ (36,789) $ (25,066) $ (24,008) $ 119,552 Less income allocated to participating securities — (452) (618) (4,397) Net income (loss) attributable to common stock $ (36,789) $ (25,518) $ (24,626) $ 115,155 Earnings (loss) per share, basic $ (2.05) $ (1.44) $ (1.38) $ 6.44 Weighted-average shares outstanding 17,913 17,721 17,802 17,879 Diluted: Net income (loss) $ (36,789) $ (25,066) $ (24,008) $ 119,552 Less income allocated to participating securities — (452) (618) (4,389) Net income (loss) attributable to common stock $ (36,789) $ (25,518) $ (24,626) $ 115,163 Earnings (loss) per share, diluted $ (2.05) $ (1.44) $ (1.38) $ 6.43 Weighted-average shares outstanding 17,913 17,721 17,802 17,879 Dilutive effect of restricted stock — — — 238 Adjusted weighted-average shares outstanding under treasury stock method 17,913 17,721 17,802 18,117 Participating securities excluded under two-class method — — — (204) Adjusted weighted-average shares outstanding under two-class method 17,913 17,721 17,802 17,913

Segments (Tables)

Segments (Tables)	9 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Selected information for the Company's operating segments and the reconciliation to the consolidated financial statement amounts are as follows: Three Months Ended September 30, 2024 Three Months Ended September 30, 2023 Airline Sunseeker Consolidated Airline Sunseeker Consolidated OPERATING REVENUES: Passenger $ 488,989 $ — $ 488,989 $ 516,251 $ — $ 516,251 Third party products 39,423 — 39,423 30,944 — 30,944 Fixed fee contracts 20,559 — 20,559 17,741 — 17,741 Resort and other 156 13,069 13,225 423 — 423 Total operating revenues 549,127 13,069 562,196 565,359 — 565,359 OPERATING EXPENSES: Salaries and benefits 183,849 11,477 195,326 159,717 3,287 163,004 Aircraft fuel 148,241 — 148,241 167,861 — 167,861 Station operations 70,632 — 70,632 64,630 — 64,630 Depreciation and amortization 56,025 7,893 63,918 55,730 86 55,816 Maintenance and repairs 30,278 — 30,278 35,477 — 35,477 Sales and marketing 23,370 1,499 24,869 27,835 633 28,468 Aircraft lease rentals 5,920 — 5,920 5,906 — 5,906 Other 30,187 10,376 40,563 27,170 2,262 29,432 Special charges, net of recoveries 7,651 1,139 8,790 15,216 17,432 32,648 Total operating expenses 556,153 32,384 588,537 559,542 23,700 583,242 OPERATING INCOME (LOSS) (7,026) (19,315) (26,341) 5,817 (23,700) (17,883) Interest income (10,071) — (10,071) (12,444) — (12,444) Interest expense 33,582 5,483 39,065 33,698 5,535 39,233 Capitalized interest (11,923) — (11,923) (8,224) (6,664) (14,888) Capital expenditures 40,731 1,063 41,794 157,579 78,254 235,833 Nine Months Ended September 30, 2024 Nine Months Ended September 30, 2023 Airline Sunseeker Consolidated Airline Sunseeker Consolidated OPERATING REVENUES: Passenger $ 1,663,423 $ — $ 1,663,423 $ 1,768,274 $ — $ 1,768,274 Third party products 109,924 — 109,924 85,886 — 85,886 Fixed fee contracts 57,119 — 57,119 43,599 — 43,599 Resort and other 650 53,768 54,418 1,096 — 1,096 Total operating revenues 1,831,116 53,768 1,884,884 1,898,855 — 1,898,855 OPERATING EXPENSES: Salaries and benefits 580,775 37,820 618,595 492,205 7,593 499,798 Aircraft fuel 488,388 — 488,388 520,018 — 520,018 Station operations 206,898 — 206,898 192,864 — 192,864 Depreciation and amortization 173,237 19,885 193,122 164,196 234 164,430 Maintenance and repairs 91,286 — 91,286 95,553 — 95,553 Sales and marketing 78,166 5,100 83,266 83,994 1,271 85,265 Aircraft lease rentals 17,653 — 17,653 18,973 — 18,973 Other 87,930 33,741 121,671 84,920 6,837 91,757 Special charges, net of recoveries 42,639 (2,637) 40,002 15,230 4,598 19,828 Total operating expenses 1,766,972 93,909 1,860,881 1,667,953 20,533 1,688,486 OPERATING INCOME (LOSS) 64,144 (40,141) 24,003 230,902 (20,533) 210,369 Interest income (33,441) — (33,441) (34,418) — (34,418) Interest expense 102,441 16,328 118,769 96,381 16,326 112,707 Capitalized interest (34,392) (326) (34,718) (13,143) (15,806) (28,949) Capital expenditures 201,950 19,105 221,055 425,996 260,892 686,888 Total assets were as follows as of the dates indicated: (in thousands) As of September 30, 2024 As of December 31, 2023 Airline $ 4,147,687 $ 4,200,545 Sunseeker Resort 640,565 656,122 Consolidated $ 4,788,252 $ 4,856,667

Special Charges - Narrative (De

Special Charges - Narrative (Details) $ in Thousands	1 Months Ended	3 Months Ended				9 Months Ended
	Sep. 30, 2023 Aircraft	Sep. 30, 2024 USD ($)	Jun. 30, 2024 Aircraft	Mar. 31, 2024 Aircraft	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
Unusual or Infrequent Item, or Both [Line Items]
Number of aircraft retired | Aircraft	21		6	2
Organizational Restructuring
Unusual or Infrequent Item, or Both [Line Items]
Organizational restructuring		$ 3,420			$ 0	$ 3,420	$ 0
Hurricane Ian
Unusual or Infrequent Item, or Both [Line Items]
Unusual or infrequent item, or both, loss, gross						81,500
Unusual or infrequent item, or both, insurance proceeds						$ 56,500

Special Charges - Summary of Sp

Special Charges - Summary of Special Charges (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Unusual or Infrequent Item, or Both [Line Items]
Sunseeker weather and related events, net of insurance recoveries	$ (1,139)	$ (17,432)	$ 2,637	$ (4,598)
Accelerated depreciation on airframes identified for early retirement	4,231	15,216	28,398	15,230
Flight attendant ratification bonus	0	0	10,821	0
Total special charges	8,790	32,648	40,002	19,828
Accrued payroll taxes	800		800
Organizational Restructuring
Unusual or Infrequent Item, or Both [Line Items]
Organizational restructuring	$ 3,420	$ 0	$ 3,420	$ 0

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 488,989	$ 516,251	$ 1,663,423	$ 1,768,274
Passenger Revenue
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	488,989	516,251
Resort Revenue
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	13,069	0	53,768	0
Scheduled service
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			769,041	862,823
Scheduled service | Passenger Revenue
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	206,447	231,757
Ancillary air-related charges
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			853,333	866,728
Ancillary air-related charges | Passenger Revenue
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	271,150	273,091
Loyalty redemptions
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax			41,049	38,723
Loyalty redemptions | Passenger Revenue
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	11,392	11,403
Rooms | Resort Revenue
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	5,190	0	21,800	0
Food and beverage | Resort Revenue
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	5,929	0	24,344	0
Total resort revenue | Resort Revenue
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax	$ 1,950	$ 0	$ 7,624	$ 0

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	6 Months Ended	9 Months Ended
	Jun. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Revenue Recognition [Abstract]
Contract with Customer, Liability, Current		$ 397,000	$ 353,488
Contract with Customer, Liability, Forward Bookings		34,590,000,000%
Contract with Customer, Liability, Credit Voucher Bookings		5,110,000,000%
Revenue, Performance Obligation, Description of Timing		12 months
Air Traffic Liability, Recognized	$ 353,500
Air Traffic Liability, Revenue Recognition, Percentage		87.20%

Revenue Recognition - Contract

Revenue Recognition - Contract with Customer, Contract Asset, Contract Liability, and Receivable (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Revenue Recognition [Abstract]
Points balance at January 1	$ 70,813	$ 56,500
Points awarded (deferral of revenue)	50,704	54,031
Points redeemed (recognition of revenue)	(41,074)	(38,723)
Points balance at September 30	$ 80,443	$ 71,808

Property and Equipment (Details

Property and Equipment (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Mar. 31, 2024 USD ($)	Sep. 30, 2024 USD ($) Aircraft	Dec. 31, 2023 USD ($)
Property, Plant and Equipment [Line Items]
Total property and equipment		$ 4,506,045	$ 4,394,969
Less accumulated depreciation and amortization		1,057,322	964,866
Property and equipment, net		$ 3,448,723	3,430,103
Number Of Aircraft Committed To Purchase | Aircraft		49
Capital Expenditures Incurred but Not yet Paid	$ 71,700	$ 17,900
Airline
Property, Plant and Equipment [Line Items]
Flight equipment		3,377,753	3,329,207
Computer hardware and software		313,233	274,927
Land and buildings/leasehold improvements		64,629	63,863
Other property and equipment		114,081	109,727
Sunseeker Resort
Property, Plant and Equipment [Line Items]
Land and buildings/leasehold improvements		552,955	542,129
Other property and equipment		$ 83,394	$ 75,116

Long-Term Debt - Components of

Long-Term Debt - Components of Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Secured Long-term Debt, Noncurrent	$ 2,188,132	$ 2,259,654
Less current maturities	420,882	439,937
Long-term debt and capital leases, net of current maturities and related costs	1,767,250	1,819,717
Finance Lease, Liability	436,370	455,248
Debt and Lease Obligation	(17,403)	(22,515)
Debt Issuance Costs, Net	$ 2,188,132	2,259,654
Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	4.44%
Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	7.01%
Weighted average fixed-interest rate on debt
Debt Instrument [Line Items]
Notes Payable	$ 1,763,074	$ 1,834,754
Long-term Debt, Weighted Average Interest Rate, at Point in Time	6.40%	6.30%
Weighted average variable-interest rate on debt
Debt Instrument [Line Items]
Notes Payable	$ 425,058	$ 424,900
Long-term Debt, Weighted Average Interest Rate, at Point in Time	7.70%	7.90%
Construction Loan Agreement Due 2032
Debt Instrument [Line Items]
Long-term debt and capital leases, net of current maturities and related costs	$ 350,000	$ 350,000
Debt instrument, interest rate, stated percentage	5.75%
Revolving Credit Facilities Due 2027 | Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt and capital leases, net of current maturities and related costs	$ 124,395	200,000
Debt instrument, interest rate, stated percentage	7.72%
Senior Secured Notes Due 2027 | Senior Notes
Debt Instrument [Line Items]
Long-term debt and capital leases, net of current maturities and related costs	$ 550,000	550,000
Senior Secured Notes Due 2027 | Senior Notes | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	7.25%
Consolidated Variable Interest Entities Due 2029
Debt Instrument [Line Items]
Long-term debt and capital leases, net of current maturities and related costs	$ 118,881	130,650
Consolidated Variable Interest Entities Due 2029 | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	2.92%
Consolidated Variable Interest Entities Due 2029 | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	5.19%
Secured Debt By Aircraft, Engines, Other Equipment And Real Estate | Secured Debt
Debt Instrument [Line Items]
Long-term debt and capital leases, net of current maturities and related costs	$ 625,889	596,271
Secured Debt By Aircraft, Engines, Other Equipment And Real Estate | Secured Debt | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	1.87%
Secured Debt By Aircraft, Engines, Other Equipment And Real Estate | Secured Debt | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate, stated percentage	8.91%
Long-term Debt [Member] | Unsecured Debt [Member]
Debt Instrument [Line Items]
Long-term debt and capital leases, net of current maturities and related costs	$ 2,205,535	$ 2,282,169

Long-Term Debt - Summary of Mat

Long-Term Debt - Summary of Maturities of Long-Term Debt (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Schedule of Maturities of Long-Term Debt [Abstract]
Remaining in 2024	$ 163,014
2025	319,157
2026	182,844
2027	716,227
2028	335,625
2029	150,803
Thereafter	320,462
Total debt and finance lease obligations, net of related costs	$ 2,188,132

Long-Term Debt - Narrative (Det

Long-Term Debt - Narrative (Details) - USD ($) $ in Millions	1 Months Ended	9 Months Ended
	Mar. 31, 2024	Sep. 30, 2024
Secured Debt By Aircraft | Secured Debt
Debt Instrument [Line Items]
Debt instrument, face amount		$ 75.2
Revolving Credit Facility
Debt Instrument [Line Items]
Proceeds from lines of credit		18.8
Repayments of lines of credit		$ 75.6
Line of Credit | Secured Debt
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 218.5
Long-term debt, term	12 years
Line of Credit | Secured Debt | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument [Line Items]
Debt instrument, term	3 months

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ (6,653)	$ (4,853)	$ (2,745)	$ 41,292
Effective Income Tax Rate Reconciliation, Percent	15.30%	16.30%	10.30%	25.70%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%		21%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	$ 593,332	$ 798,655
Fair Value, Inputs, Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	54,649	33,613
Fair Value, Inputs, Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	538,683	765,042
Cash Equivalents
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash Equivalents	54,649	71,237
Cash Equivalents | Fair Value, Inputs, Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash Equivalents	54,649	33,613
Cash Equivalents | Fair Value, Inputs, Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash Equivalents	0	37,624
Short-Term Investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	493,393	671,414
Short-Term Investments | Fair Value, Inputs, Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	0	0
Short-Term Investments | Fair Value, Inputs, Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	493,393	671,414
Long Term Investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	45,290	56,004
Long Term Investments | Fair Value, Inputs, Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	0	0
Long Term Investments | Fair Value, Inputs, Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	45,290	56,004
Money market funds | Cash Equivalents
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash Equivalents	54,649	33,613
Money market funds | Cash Equivalents | Fair Value, Inputs, Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash Equivalents	54,649	33,613
Money market funds | Cash Equivalents | Fair Value, Inputs, Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash Equivalents	0	0
Commercial paper | Cash Equivalents
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash Equivalents	0	19,575
Commercial paper | Cash Equivalents | Fair Value, Inputs, Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash Equivalents	0	0
Commercial paper | Cash Equivalents | Fair Value, Inputs, Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash Equivalents	0	19,575
Commercial paper | Short-Term Investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	136,617	237,870
Commercial paper | Short-Term Investments | Fair Value, Inputs, Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	0	0
Commercial paper | Short-Term Investments | Fair Value, Inputs, Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	136,617	237,870
Municipal debt securities | Cash Equivalents
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash Equivalents	0	7,848
Municipal debt securities | Cash Equivalents | Fair Value, Inputs, Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash Equivalents	0	0
Municipal debt securities | Cash Equivalents | Fair Value, Inputs, Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash Equivalents	0	7,848
Municipal debt securities | Short-Term Investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	14,751	13,914
Municipal debt securities | Short-Term Investments | Fair Value, Inputs, Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	0	0
Municipal debt securities | Short-Term Investments | Fair Value, Inputs, Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	14,751	13,914
Municipal debt securities | Long Term Investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	1,342	0
Municipal debt securities | Long Term Investments | Fair Value, Inputs, Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	0
Municipal debt securities | Long Term Investments | Fair Value, Inputs, Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	1,342	0
US Treasury Bonds
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	0	14,126
US Treasury Bonds | Fair Value, Inputs, Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	0	0
US Treasury Bonds | Fair Value, Inputs, Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	0	14,126
US Treasury Bonds | Cash Equivalents
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash Equivalents	0	2,000
US Treasury Bonds | Cash Equivalents | Fair Value, Inputs, Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash Equivalents	0	0
US Treasury Bonds | Cash Equivalents | Fair Value, Inputs, Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash Equivalents	0	2,000
Corporate debt securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	35,200	43,869
Corporate debt securities | Fair Value, Inputs, Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	0	0
Corporate debt securities | Fair Value, Inputs, Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	35,200	43,869
Corporate debt securities | Short-Term Investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	253,431	210,982
Corporate debt securities | Short-Term Investments | Fair Value, Inputs, Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	0	0
Corporate debt securities | Short-Term Investments | Fair Value, Inputs, Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	253,431	210,982
Federal agency debt securities
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash Equivalents	0	8,201
Debt Securities, Available-for-Sale	8,748	12,135
Federal agency debt securities | Fair Value, Inputs, Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash Equivalents	0	0
Debt Securities, Available-for-Sale	0	0
Federal agency debt securities | Fair Value, Inputs, Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Cash Equivalents	0	8,201
Debt Securities, Available-for-Sale	8,748	12,135
Federal agency debt securities | Short-Term Investments
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	81,427	194,522
Federal agency debt securities | Short-Term Investments | Fair Value, Inputs, Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	0	0
Federal agency debt securities | Short-Term Investments | Fair Value, Inputs, Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	81,427	194,522
Certificates of Deposit
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	7,167	0
Certificates of Deposit | Fair Value, Inputs, Level 1
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	0	0
Certificates of Deposit | Fair Value, Inputs, Level 2
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Debt Securities, Available-for-Sale	$ 7,167	$ 0

Fair Value Measurements Estimat

Fair Value Measurements Estimated Fair Value of Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured Long-term Debt, Noncurrent	$ 2,188,132	$ 2,259,654
Non-Publicly Held Debt
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured Long-term Debt, Noncurrent	1,769,165	1,826,921
Non-Publicly Held Debt | Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term Debt, Fair Value	$ 1,759,662	$ 1,815,351

Earnings (Loss) per Share (Deta

Earnings (Loss) per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Basic:
Net income (loss)	$ (36,789)	$ (25,066)	$ (24,008)	$ 119,552
Less income allocated to participating securities	0	(452)	(618)	(4,397)
Net income (loss) attributable to common stock	$ (36,789)	$ (25,518)	$ (24,626)	$ 115,155
Net income per share, basic (in dollars per share)	$ (2.05)	$ (1.44)	$ (1.38)	$ 6.44
Weighted-average shares outstanding (in shares)	17,913	17,721	17,802	17,879
Diluted:
Net income (loss)	$ (36,789)	$ (25,066)	$ (24,008)	$ 119,552
Less income allocated to participating securities	0	(452)	(618)	(4,389)
Net income (loss) attributable to common stock	$ (36,789)	$ (25,518)	$ (24,626)	$ 115,163
Earnings (loss) per share, diluted (in dollars per share)	$ (2.05)	$ (1.44)	$ (1.38)	$ 6.43
Weighted-average shares outstanding ( in shares)	17,913	17,721	17,802	17,879
Dilutive effect of stock options and restricted stock (in shares)	0	0	0	238
Adjusted weighted-average shares outstanding under treasury stock method (in shares)	17,913	17,721	17,802	18,117
Participating securities excluded under two-class method (in shares)	0	0	0	(204)
Adjusted weighted-average shares outstanding under two-class method (in shares)	17,913	17,721	17,802	17,913

Segments - Narrative (Details)

Segments - Narrative (Details)	9 Months Ended
	Sep. 30, 2024 segment
Segment Reporting [Abstract]
Number of Operating Segments	2

Segments - Schedule of Segment

Segments - Schedule of Segment Reporting Information, by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Segment Reporting Information [Line Items]
Passenger	$ 488,989	$ 516,251	$ 1,663,423	$ 1,768,274
Third party products	39,423	30,944	109,924	85,886
Fixed fee contracts	20,559	17,741	57,119	43,599
Resort and other	13,225	423	54,418	1,096
Total operating revenues	562,196	565,359	1,884,884	1,898,855
Salaries and benefits	195,326	163,004	618,595	499,798
Aircraft fuel	148,241	167,861	488,388	520,018
Station operations	70,632	64,630	206,898	192,864
Depreciation and amortization	63,918	55,816	193,122	164,430
Maintenance and repairs	30,278	35,477	91,286	95,553
Sales and marketing	24,869	28,468	83,266	85,265
Aircraft lease rentals	5,920	5,906	17,653	18,973
Other	40,563	29,432	121,671	91,757
Special charges, net of recoveries	8,790	32,648	40,002	19,828
Total operating expenses	588,537	583,242	1,860,881	1,688,486
OPERATING INCOME (LOSS)	(26,341)	(17,883)	24,003	210,369
Interest (income)	(10,071)	(12,444)	(33,441)	(34,418)
Interest expense	39,065	39,233	118,769	112,707
Capitalized interest	(11,923)	(14,888)	(34,718)	(28,949)
Capital expenditures	41,794	235,833	221,055	686,888
Assets	4,788,252		4,788,252		$ 4,856,667
Airline
Segment Reporting Information [Line Items]
Passenger	488,989	516,251	1,663,423	1,768,274
Third party products	39,423	30,944	109,924	85,886
Fixed fee contracts	20,559	17,741	57,119	43,599
Resort and other	156	423	650	1,096
Total operating revenues	549,127	565,359	1,831,116	1,898,855
Salaries and benefits	183,849	159,717	580,775	492,205
Aircraft fuel	148,241	167,861	488,388	520,018
Station operations	70,632	64,630	206,898	192,864
Depreciation and amortization	56,025	55,730	173,237	164,196
Maintenance and repairs	30,278	35,477	91,286	95,553
Sales and marketing	23,370	27,835	78,166	83,994
Aircraft lease rentals	5,920	5,906	17,653	18,973
Other	30,187	27,170	87,930	84,920
Special charges, net of recoveries	7,651	15,216	42,639	15,230
Total operating expenses	556,153	559,542	1,766,972	1,667,953
OPERATING INCOME (LOSS)	(7,026)	5,817	64,144	230,902
Interest (income)	(10,071)	(12,444)	(33,441)	(34,418)
Interest expense	33,582	33,698	102,441	96,381
Capitalized interest	(11,923)	(8,224)	(34,392)	(13,143)
Capital expenditures	40,731	157,579	201,950	425,996
Assets	4,147,687		4,147,687		4,200,545
Sunseeker Resort
Segment Reporting Information [Line Items]
Passenger	0	0	0	0
Third party products	0	0	0	0
Fixed fee contracts	0	0	0	0
Resort and other	13,069	0	53,768	0
Total operating revenues	13,069	0	53,768	0
Salaries and benefits	11,477	3,287	37,820	7,593
Aircraft fuel	0	0	0	0
Station operations	0	0	0	0
Depreciation and amortization	7,893	86	19,885	234
Maintenance and repairs	0	0	0	0
Sales and marketing	1,499	633	5,100	1,271
Aircraft lease rentals	0	0	0	0
Other	10,376	2,262	33,741	6,837
Special charges, net of recoveries	1,139	17,432	(2,637)	4,598
Total operating expenses	32,384	23,700	93,909	20,533
OPERATING INCOME (LOSS)	(19,315)	(23,700)	(40,141)	(20,533)
Interest (income)	0	0	0	0
Interest expense	5,483	5,535	16,328	16,326
Capitalized interest	0	(6,664)	(326)	(15,806)
Capital expenditures	1,063	$ 78,254	19,105	$ 260,892
Assets	$ 640,565		$ 640,565		$ 656,122