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On May 6, 2021, we entered into a Payroll Support 3 Agreement (the "PSP3 Agreement") with Treasury governing our participation in the federal payroll support program for passenger air carriers under Section 7301 of the American Rescue Plan Act of 2021 (the "Payroll Support Program 3"). Treasury provided us with a total of approximately $ 541 million (the "Payroll Support 3 Payments") under the program, consisting of $ 409 million in grants and $ 132 million in unsecured term loans. The loans have a 10-year term and bear interest on the principal amount outstanding at an annual rate of 1.00 % until May 6, 2026, and the applicable SOFR plus 2.00 % thereafter until May 6, 2031. In consideration for the Payroll Support 3 Payments, we issued warrants to purchase approximately 0.7 million shares of our common stock to Treasury at an exercise price of $ 19.90 per share. | text | 0.7 | sharesItemType | text: <entity> 0.7 </entity> <entity type> sharesItemType </entity type> <context> On May 6, 2021, we entered into a Payroll Support 3 Agreement (the "PSP3 Agreement") with Treasury governing our participation in the federal payroll support program for passenger air carriers under Section 7301 of the American Rescue Plan Act of 2021 (the "Payroll Support Program 3"). Treasury provided us with a total of approximately $ 541 million (the "Payroll Support 3 Payments") under the program, consisting of $ 409 million in grants and $ 132 million in unsecured term loans. The loans have a 10-year term and bear interest on the principal amount outstanding at an annual rate of 1.00 % until May 6, 2026, and the applicable SOFR plus 2.00 % thereafter until May 6, 2031. In consideration for the Payroll Support 3 Payments, we issued warrants to purchase approximately 0.7 million shares of our common stock to Treasury at an exercise price of $ 19.90 per share. </context> | us-gaap:ClassOfWarrantOrRightOutstanding |
On May 6, 2021, we entered into a Payroll Support 3 Agreement (the "PSP3 Agreement") with Treasury governing our participation in the federal payroll support program for passenger air carriers under Section 7301 of the American Rescue Plan Act of 2021 (the "Payroll Support Program 3"). Treasury provided us with a total of approximately $ 541 million (the "Payroll Support 3 Payments") under the program, consisting of $ 409 million in grants and $ 132 million in unsecured term loans. The loans have a 10-year term and bear interest on the principal amount outstanding at an annual rate of 1.00 % until May 6, 2026, and the applicable SOFR plus 2.00 % thereafter until May 6, 2031. In consideration for the Payroll Support 3 Payments, we issued warrants to purchase approximately 0.7 million shares of our common stock to Treasury at an exercise price of $ 19.90 per share. | text | 19.90 | perShareItemType | text: <entity> 19.90 </entity> <entity type> perShareItemType </entity type> <context> On May 6, 2021, we entered into a Payroll Support 3 Agreement (the "PSP3 Agreement") with Treasury governing our participation in the federal payroll support program for passenger air carriers under Section 7301 of the American Rescue Plan Act of 2021 (the "Payroll Support Program 3"). Treasury provided us with a total of approximately $ 541 million (the "Payroll Support 3 Payments") under the program, consisting of $ 409 million in grants and $ 132 million in unsecured term loans. The loans have a 10-year term and bear interest on the principal amount outstanding at an annual rate of 1.00 % until May 6, 2026, and the applicable SOFR plus 2.00 % thereafter until May 6, 2031. In consideration for the Payroll Support 3 Payments, we issued warrants to purchase approximately 0.7 million shares of our common stock to Treasury at an exercise price of $ 19.90 per share. </context> | us-gaap:ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1 |
0.50 % Convertible Senior Notes, Due Through 2026 | text | 0.50 | percentItemType | text: <entity> 0.50 </entity> <entity type> percentItemType </entity type> <context> 0.50 % Convertible Senior Notes, Due Through 2026 </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In March 2021, we completed a private offering for $ 750 million of 0.50 % convertible notes due 2026. The notes are general senior unsecured obligations and will rank equal in right of payment with all of our existing and future senior unsecured indebtedness and senior in right of payment to our existing and future subordinated debt. The notes will effectively rank junior in right of payment to any of our existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness and are structurally subordinated to all of our indebtedness and other liabilities. The net proceeds from this offering were approximately $ 734 million. | text | 750 | monetaryItemType | text: <entity> 750 </entity> <entity type> monetaryItemType </entity type> <context> In March 2021, we completed a private offering for $ 750 million of 0.50 % convertible notes due 2026. The notes are general senior unsecured obligations and will rank equal in right of payment with all of our existing and future senior unsecured indebtedness and senior in right of payment to our existing and future subordinated debt. The notes will effectively rank junior in right of payment to any of our existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness and are structurally subordinated to all of our indebtedness and other liabilities. The net proceeds from this offering were approximately $ 734 million. </context> | us-gaap:DebtInstrumentFaceAmount |
In March 2021, we completed a private offering for $ 750 million of 0.50 % convertible notes due 2026. The notes are general senior unsecured obligations and will rank equal in right of payment with all of our existing and future senior unsecured indebtedness and senior in right of payment to our existing and future subordinated debt. The notes will effectively rank junior in right of payment to any of our existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness and are structurally subordinated to all of our indebtedness and other liabilities. The net proceeds from this offering were approximately $ 734 million. | text | 0.50 | percentItemType | text: <entity> 0.50 </entity> <entity type> percentItemType </entity type> <context> In March 2021, we completed a private offering for $ 750 million of 0.50 % convertible notes due 2026. The notes are general senior unsecured obligations and will rank equal in right of payment with all of our existing and future senior unsecured indebtedness and senior in right of payment to our existing and future subordinated debt. The notes will effectively rank junior in right of payment to any of our existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness and are structurally subordinated to all of our indebtedness and other liabilities. The net proceeds from this offering were approximately $ 734 million. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In March 2021, we completed a private offering for $ 750 million of 0.50 % convertible notes due 2026. The notes are general senior unsecured obligations and will rank equal in right of payment with all of our existing and future senior unsecured indebtedness and senior in right of payment to our existing and future subordinated debt. The notes will effectively rank junior in right of payment to any of our existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness and are structurally subordinated to all of our indebtedness and other liabilities. The net proceeds from this offering were approximately $ 734 million. | text | 734 | monetaryItemType | text: <entity> 734 </entity> <entity type> monetaryItemType </entity type> <context> In March 2021, we completed a private offering for $ 750 million of 0.50 % convertible notes due 2026. The notes are general senior unsecured obligations and will rank equal in right of payment with all of our existing and future senior unsecured indebtedness and senior in right of payment to our existing and future subordinated debt. The notes will effectively rank junior in right of payment to any of our existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness and are structurally subordinated to all of our indebtedness and other liabilities. The net proceeds from this offering were approximately $ 734 million. </context> | us-gaap:ProceedsFromIssuanceOfSeniorLongTermDebt |
Holders of the notes may convert them into shares of our common stock prior to January 1, 2026 only under certain circumstances (such as upon the satisfaction of the sale price condition, the satisfaction of the trading price condition, notice of redemption, or specified corporate events) and thereafter at any time at a rate of 38.5802 shares of common stock per $1,000 principal amount of notes, which corresponds to an initial conversion price of approximately $ 25.92 per share. The conversion rate is subject to adjustment upon the occurrence of certain specified events, including, but not limited to, the issuance of certain stock dividends on common stock, the issuance of certain rights or warrants, subdivisions, combinations, distributions of capital stock, indebtedness or assets, cash dividends, and certain issuer tender or exchange offers. | text | 25.92 | perShareItemType | text: <entity> 25.92 </entity> <entity type> perShareItemType </entity type> <context> Holders of the notes may convert them into shares of our common stock prior to January 1, 2026 only under certain circumstances (such as upon the satisfaction of the sale price condition, the satisfaction of the trading price condition, notice of redemption, or specified corporate events) and thereafter at any time at a rate of 38.5802 shares of common stock per $1,000 principal amount of notes, which corresponds to an initial conversion price of approximately $ 25.92 per share. The conversion rate is subject to adjustment upon the occurrence of certain specified events, including, but not limited to, the issuance of certain stock dividends on common stock, the issuance of certain rights or warrants, subdivisions, combinations, distributions of capital stock, indebtedness or assets, cash dividends, and certain issuer tender or exchange offers. </context> | us-gaap:DebtInstrumentConvertibleConversionPrice1 |
We are not required to redeem or retire the notes periodically. We may, at our option, redeem any of the notes for cash at a redemption price of 100 % of their principal amount, plus accrued and unpaid interest at any time on or after April 1, 2024 if the last reported sale price of our common stock has been at least 130 % of the conversion price then in effect for at least 20 trading days (whether or not consecutive), including the trading day immediately preceding the date on which we provide notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which we provide a notice of redemption to the holders. | text | 100 | percentItemType | text: <entity> 100 </entity> <entity type> percentItemType </entity type> <context> We are not required to redeem or retire the notes periodically. We may, at our option, redeem any of the notes for cash at a redemption price of 100 % of their principal amount, plus accrued and unpaid interest at any time on or after April 1, 2024 if the last reported sale price of our common stock has been at least 130 % of the conversion price then in effect for at least 20 trading days (whether or not consecutive), including the trading day immediately preceding the date on which we provide notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which we provide a notice of redemption to the holders. </context> | us-gaap:DebtInstrumentRedemptionPricePercentage |
We are not required to redeem or retire the notes periodically. We may, at our option, redeem any of the notes for cash at a redemption price of 100 % of their principal amount, plus accrued and unpaid interest at any time on or after April 1, 2024 if the last reported sale price of our common stock has been at least 130 % of the conversion price then in effect for at least 20 trading days (whether or not consecutive), including the trading day immediately preceding the date on which we provide notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which we provide a notice of redemption to the holders. | text | 130 | percentItemType | text: <entity> 130 </entity> <entity type> percentItemType </entity type> <context> We are not required to redeem or retire the notes periodically. We may, at our option, redeem any of the notes for cash at a redemption price of 100 % of their principal amount, plus accrued and unpaid interest at any time on or after April 1, 2024 if the last reported sale price of our common stock has been at least 130 % of the conversion price then in effect for at least 20 trading days (whether or not consecutive), including the trading day immediately preceding the date on which we provide notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which we provide a notice of redemption to the holders. </context> | us-gaap:DebtInstrumentRedemptionPricePercentage |
We are not required to redeem or retire the notes periodically. We may, at our option, redeem any of the notes for cash at a redemption price of 100 % of their principal amount, plus accrued and unpaid interest at any time on or after April 1, 2024 if the last reported sale price of our common stock has been at least 130 % of the conversion price then in effect for at least 20 trading days (whether or not consecutive), including the trading day immediately preceding the date on which we provide notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which we provide a notice of redemption to the holders. | text | 20 | integerItemType | text: <entity> 20 </entity> <entity type> integerItemType </entity type> <context> We are not required to redeem or retire the notes periodically. We may, at our option, redeem any of the notes for cash at a redemption price of 100 % of their principal amount, plus accrued and unpaid interest at any time on or after April 1, 2024 if the last reported sale price of our common stock has been at least 130 % of the conversion price then in effect for at least 20 trading days (whether or not consecutive), including the trading day immediately preceding the date on which we provide notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which we provide a notice of redemption to the holders. </context> | us-gaap:DebtInstrumentConvertibleThresholdTradingDays |
We are not required to redeem or retire the notes periodically. We may, at our option, redeem any of the notes for cash at a redemption price of 100 % of their principal amount, plus accrued and unpaid interest at any time on or after April 1, 2024 if the last reported sale price of our common stock has been at least 130 % of the conversion price then in effect for at least 20 trading days (whether or not consecutive), including the trading day immediately preceding the date on which we provide notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which we provide a notice of redemption to the holders. | text | 30 | integerItemType | text: <entity> 30 </entity> <entity type> integerItemType </entity type> <context> We are not required to redeem or retire the notes periodically. We may, at our option, redeem any of the notes for cash at a redemption price of 100 % of their principal amount, plus accrued and unpaid interest at any time on or after April 1, 2024 if the last reported sale price of our common stock has been at least 130 % of the conversion price then in effect for at least 20 trading days (whether or not consecutive), including the trading day immediately preceding the date on which we provide notice of redemption, during any 30 consecutive trading day period ending on, and including, the trading day immediately preceding the date on which we provide a notice of redemption to the holders. </context> | us-gaap:DebtInstrumentConvertibleThresholdTradingDays |
A portion of the net proceeds from the issuance of the 2.50 % convertible senior notes, described in the section below, were used to retire $ 425 million of our existing 0.50 % convertible senior notes, due 2026. As a result of this retirement, we recognized a gain on debt extinguishment of $ 22 million in 2024. This gain was included within other income (expense) on our consolidated statements of operations. | text | 2.50 | percentItemType | text: <entity> 2.50 </entity> <entity type> percentItemType </entity type> <context> A portion of the net proceeds from the issuance of the 2.50 % convertible senior notes, described in the section below, were used to retire $ 425 million of our existing 0.50 % convertible senior notes, due 2026. As a result of this retirement, we recognized a gain on debt extinguishment of $ 22 million in 2024. This gain was included within other income (expense) on our consolidated statements of operations. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
A portion of the net proceeds from the issuance of the 2.50 % convertible senior notes, described in the section below, were used to retire $ 425 million of our existing 0.50 % convertible senior notes, due 2026. As a result of this retirement, we recognized a gain on debt extinguishment of $ 22 million in 2024. This gain was included within other income (expense) on our consolidated statements of operations. | text | 425 | monetaryItemType | text: <entity> 425 </entity> <entity type> monetaryItemType </entity type> <context> A portion of the net proceeds from the issuance of the 2.50 % convertible senior notes, described in the section below, were used to retire $ 425 million of our existing 0.50 % convertible senior notes, due 2026. As a result of this retirement, we recognized a gain on debt extinguishment of $ 22 million in 2024. This gain was included within other income (expense) on our consolidated statements of operations. </context> | us-gaap:ExtinguishmentOfDebtAmount |
A portion of the net proceeds from the issuance of the 2.50 % convertible senior notes, described in the section below, were used to retire $ 425 million of our existing 0.50 % convertible senior notes, due 2026. As a result of this retirement, we recognized a gain on debt extinguishment of $ 22 million in 2024. This gain was included within other income (expense) on our consolidated statements of operations. | text | 0.50 | percentItemType | text: <entity> 0.50 </entity> <entity type> percentItemType </entity type> <context> A portion of the net proceeds from the issuance of the 2.50 % convertible senior notes, described in the section below, were used to retire $ 425 million of our existing 0.50 % convertible senior notes, due 2026. As a result of this retirement, we recognized a gain on debt extinguishment of $ 22 million in 2024. This gain was included within other income (expense) on our consolidated statements of operations. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
A portion of the net proceeds from the issuance of the 2.50 % convertible senior notes, described in the section below, were used to retire $ 425 million of our existing 0.50 % convertible senior notes, due 2026. As a result of this retirement, we recognized a gain on debt extinguishment of $ 22 million in 2024. This gain was included within other income (expense) on our consolidated statements of operations. | text | 22 | monetaryItemType | text: <entity> 22 </entity> <entity type> monetaryItemType </entity type> <context> A portion of the net proceeds from the issuance of the 2.50 % convertible senior notes, described in the section below, were used to retire $ 425 million of our existing 0.50 % convertible senior notes, due 2026. As a result of this retirement, we recognized a gain on debt extinguishment of $ 22 million in 2024. This gain was included within other income (expense) on our consolidated statements of operations. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
For 2024, the effective interest rate of the 0.50 % convertible senior notes was 0.50 %. Interest expense recognized in 2024 was $ 6 million, of which $ 3 million was related to the amortization of debt issuance costs and $ 3 million was due to contractual | text | 0.50 | percentItemType | text: <entity> 0.50 </entity> <entity type> percentItemType </entity type> <context> For 2024, the effective interest rate of the 0.50 % convertible senior notes was 0.50 %. Interest expense recognized in 2024 was $ 6 million, of which $ 3 million was related to the amortization of debt issuance costs and $ 3 million was due to contractual </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
For 2024, the effective interest rate of the 0.50 % convertible senior notes was 0.50 %. Interest expense recognized in 2024 was $ 6 million, of which $ 3 million was related to the amortization of debt issuance costs and $ 3 million was due to contractual | text | 0.50 | percentItemType | text: <entity> 0.50 </entity> <entity type> percentItemType </entity type> <context> For 2024, the effective interest rate of the 0.50 % convertible senior notes was 0.50 %. Interest expense recognized in 2024 was $ 6 million, of which $ 3 million was related to the amortization of debt issuance costs and $ 3 million was due to contractual </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
For 2024, the effective interest rate of the 0.50 % convertible senior notes was 0.50 %. Interest expense recognized in 2024 was $ 6 million, of which $ 3 million was related to the amortization of debt issuance costs and $ 3 million was due to contractual | text | 6 | monetaryItemType | text: <entity> 6 </entity> <entity type> monetaryItemType </entity type> <context> For 2024, the effective interest rate of the 0.50 % convertible senior notes was 0.50 %. Interest expense recognized in 2024 was $ 6 million, of which $ 3 million was related to the amortization of debt issuance costs and $ 3 million was due to contractual </context> | us-gaap:InterestExpenseDebt |
For 2024, the effective interest rate of the 0.50 % convertible senior notes was 0.50 %. Interest expense recognized in 2024 was $ 6 million, of which $ 3 million was related to the amortization of debt issuance costs and $ 3 million was due to contractual | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> For 2024, the effective interest rate of the 0.50 % convertible senior notes was 0.50 %. Interest expense recognized in 2024 was $ 6 million, of which $ 3 million was related to the amortization of debt issuance costs and $ 3 million was due to contractual </context> | us-gaap:AmortizationOfFinancingCosts |
For 2024, the effective interest rate of the 0.50 % convertible senior notes was 0.50 %. Interest expense recognized in 2024 was $ 6 million, of which $ 3 million was related to the amortization of debt issuance costs and $ 3 million was due to contractual | text | 3 | monetaryItemType | text: <entity> 3 </entity> <entity type> monetaryItemType </entity type> <context> For 2024, the effective interest rate of the 0.50 % convertible senior notes was 0.50 %. Interest expense recognized in 2024 was $ 6 million, of which $ 3 million was related to the amortization of debt issuance costs and $ 3 million was due to contractual </context> | us-gaap:InterestExpenseDebtExcludingAmortization |
The following table provides information relating to the principal amount and unamortized debt issuance costs of the 0.50 % Convertible Senior Notes (in millions): | text | 0.50 | percentItemType | text: <entity> 0.50 </entity> <entity type> percentItemType </entity type> <context> The following table provides information relating to the principal amount and unamortized debt issuance costs of the 0.50 % Convertible Senior Notes (in millions): </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
2.50 % Convertible Senior Notes, Due through 2029 | text | 2.50 | percentItemType | text: <entity> 2.50 </entity> <entity type> percentItemType </entity type> <context> 2.50 % Convertible Senior Notes, Due through 2029 </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In August 2024, we issued $ 460 million of 2.50 % convertible senior notes due in September 2029, consisting of an initial $ 400 million offering and a subsequent $ 60 million option, under an indenture, dated as of August 16, 2024 with Wilmington Trust, National Association, as trustee. Interest is payable semi-annually in arrears in March and September of each year, beginning in March 2025. The notes are general unsecured senior obligations and will rank equal in right of payment with our existing and future senior unsecured indebtedness and senior in right of payment to our existing and future subordinated debt. The notes will effectively rank junior in right of payment to any of our existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness and are structurally subordinated to all indebtedness and other liabilities of our subsidiaries. | text | 460 | monetaryItemType | text: <entity> 460 </entity> <entity type> monetaryItemType </entity type> <context> In August 2024, we issued $ 460 million of 2.50 % convertible senior notes due in September 2029, consisting of an initial $ 400 million offering and a subsequent $ 60 million option, under an indenture, dated as of August 16, 2024 with Wilmington Trust, National Association, as trustee. Interest is payable semi-annually in arrears in March and September of each year, beginning in March 2025. The notes are general unsecured senior obligations and will rank equal in right of payment with our existing and future senior unsecured indebtedness and senior in right of payment to our existing and future subordinated debt. The notes will effectively rank junior in right of payment to any of our existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness and are structurally subordinated to all indebtedness and other liabilities of our subsidiaries. </context> | us-gaap:DebtInstrumentFaceAmount |
In August 2024, we issued $ 460 million of 2.50 % convertible senior notes due in September 2029, consisting of an initial $ 400 million offering and a subsequent $ 60 million option, under an indenture, dated as of August 16, 2024 with Wilmington Trust, National Association, as trustee. Interest is payable semi-annually in arrears in March and September of each year, beginning in March 2025. The notes are general unsecured senior obligations and will rank equal in right of payment with our existing and future senior unsecured indebtedness and senior in right of payment to our existing and future subordinated debt. The notes will effectively rank junior in right of payment to any of our existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness and are structurally subordinated to all indebtedness and other liabilities of our subsidiaries. | text | 2.50 | percentItemType | text: <entity> 2.50 </entity> <entity type> percentItemType </entity type> <context> In August 2024, we issued $ 460 million of 2.50 % convertible senior notes due in September 2029, consisting of an initial $ 400 million offering and a subsequent $ 60 million option, under an indenture, dated as of August 16, 2024 with Wilmington Trust, National Association, as trustee. Interest is payable semi-annually in arrears in March and September of each year, beginning in March 2025. The notes are general unsecured senior obligations and will rank equal in right of payment with our existing and future senior unsecured indebtedness and senior in right of payment to our existing and future subordinated debt. The notes will effectively rank junior in right of payment to any of our existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness and are structurally subordinated to all indebtedness and other liabilities of our subsidiaries. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In August 2024, we issued $ 460 million of 2.50 % convertible senior notes due in September 2029, consisting of an initial $ 400 million offering and a subsequent $ 60 million option, under an indenture, dated as of August 16, 2024 with Wilmington Trust, National Association, as trustee. Interest is payable semi-annually in arrears in March and September of each year, beginning in March 2025. The notes are general unsecured senior obligations and will rank equal in right of payment with our existing and future senior unsecured indebtedness and senior in right of payment to our existing and future subordinated debt. The notes will effectively rank junior in right of payment to any of our existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness and are structurally subordinated to all indebtedness and other liabilities of our subsidiaries. | text | 400 | monetaryItemType | text: <entity> 400 </entity> <entity type> monetaryItemType </entity type> <context> In August 2024, we issued $ 460 million of 2.50 % convertible senior notes due in September 2029, consisting of an initial $ 400 million offering and a subsequent $ 60 million option, under an indenture, dated as of August 16, 2024 with Wilmington Trust, National Association, as trustee. Interest is payable semi-annually in arrears in March and September of each year, beginning in March 2025. The notes are general unsecured senior obligations and will rank equal in right of payment with our existing and future senior unsecured indebtedness and senior in right of payment to our existing and future subordinated debt. The notes will effectively rank junior in right of payment to any of our existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness and are structurally subordinated to all indebtedness and other liabilities of our subsidiaries. </context> | us-gaap:DebtInstrumentFaceAmount |
In August 2024, we issued $ 460 million of 2.50 % convertible senior notes due in September 2029, consisting of an initial $ 400 million offering and a subsequent $ 60 million option, under an indenture, dated as of August 16, 2024 with Wilmington Trust, National Association, as trustee. Interest is payable semi-annually in arrears in March and September of each year, beginning in March 2025. The notes are general unsecured senior obligations and will rank equal in right of payment with our existing and future senior unsecured indebtedness and senior in right of payment to our existing and future subordinated debt. The notes will effectively rank junior in right of payment to any of our existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness and are structurally subordinated to all indebtedness and other liabilities of our subsidiaries. | text | 60 | monetaryItemType | text: <entity> 60 </entity> <entity type> monetaryItemType </entity type> <context> In August 2024, we issued $ 460 million of 2.50 % convertible senior notes due in September 2029, consisting of an initial $ 400 million offering and a subsequent $ 60 million option, under an indenture, dated as of August 16, 2024 with Wilmington Trust, National Association, as trustee. Interest is payable semi-annually in arrears in March and September of each year, beginning in March 2025. The notes are general unsecured senior obligations and will rank equal in right of payment with our existing and future senior unsecured indebtedness and senior in right of payment to our existing and future subordinated debt. The notes will effectively rank junior in right of payment to any of our existing and future secured indebtedness to the extent of the value of the assets securing such indebtedness and are structurally subordinated to all indebtedness and other liabilities of our subsidiaries. </context> | us-gaap:DebtInstrumentFaceAmount |
The initial conversion rate of 163.3987 shares of common stock per $1,000 principal amount of notes, corresponds to an initial conversion price of approximately $ 6.12 per share. The conversion rate is subject to adjustment upon the occurrence of certain specified events, including, but not limited to, the issuance of certain stock dividends on common stock, the issuance of certain rights or warrants, subdivisions, combinations, distributions of capital stock, indebtedness or assets, cash dividends and certain issuer tender or exchange offers. | text | 6.12 | perShareItemType | text: <entity> 6.12 </entity> <entity type> perShareItemType </entity type> <context> The initial conversion rate of 163.3987 shares of common stock per $1,000 principal amount of notes, corresponds to an initial conversion price of approximately $ 6.12 per share. The conversion rate is subject to adjustment upon the occurrence of certain specified events, including, but not limited to, the issuance of certain stock dividends on common stock, the issuance of certain rights or warrants, subdivisions, combinations, distributions of capital stock, indebtedness or assets, cash dividends and certain issuer tender or exchange offers. </context> | us-gaap:DebtInstrumentConvertibleConversionPrice1 |
We are not required to redeem or retire the notes periodically. We may, at our option, redeem any of the notes for cash at a redemption price of 100 % of their principal amount, plus accrued and unpaid interest at any time on or after September 1, 2027 until the 45th scheduled trading day before the maturity date, under certain circumstances. Additionally, holders may under specified conditions, have the right to require the Company to repurchase all or a portion of the notes for a cash price equal to 100 % of the principal amount of the notes to be repurchased plus accrued and unpaid interest, if any. | text | 100 | percentItemType | text: <entity> 100 </entity> <entity type> percentItemType </entity type> <context> We are not required to redeem or retire the notes periodically. We may, at our option, redeem any of the notes for cash at a redemption price of 100 % of their principal amount, plus accrued and unpaid interest at any time on or after September 1, 2027 until the 45th scheduled trading day before the maturity date, under certain circumstances. Additionally, holders may under specified conditions, have the right to require the Company to repurchase all or a portion of the notes for a cash price equal to 100 % of the principal amount of the notes to be repurchased plus accrued and unpaid interest, if any. </context> | us-gaap:DebtInstrumentRedemptionPricePercentage |
For 2024, the effective interest rate of the $ 460 million 2.50 % convertible senior notes was 2.60 %. With respect to these notes, for the year ended December 31, 2024, we recognized interest expense of $ 5 million, of which $ 1 million was due to the amortization of debt issuance costs and $ 4 million was due to contractual interest expense. | text | 460 | monetaryItemType | text: <entity> 460 </entity> <entity type> monetaryItemType </entity type> <context> For 2024, the effective interest rate of the $ 460 million 2.50 % convertible senior notes was 2.60 %. With respect to these notes, for the year ended December 31, 2024, we recognized interest expense of $ 5 million, of which $ 1 million was due to the amortization of debt issuance costs and $ 4 million was due to contractual interest expense. </context> | us-gaap:DebtInstrumentFaceAmount |
For 2024, the effective interest rate of the $ 460 million 2.50 % convertible senior notes was 2.60 %. With respect to these notes, for the year ended December 31, 2024, we recognized interest expense of $ 5 million, of which $ 1 million was due to the amortization of debt issuance costs and $ 4 million was due to contractual interest expense. | text | 2.50 | percentItemType | text: <entity> 2.50 </entity> <entity type> percentItemType </entity type> <context> For 2024, the effective interest rate of the $ 460 million 2.50 % convertible senior notes was 2.60 %. With respect to these notes, for the year ended December 31, 2024, we recognized interest expense of $ 5 million, of which $ 1 million was due to the amortization of debt issuance costs and $ 4 million was due to contractual interest expense. </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
For 2024, the effective interest rate of the $ 460 million 2.50 % convertible senior notes was 2.60 %. With respect to these notes, for the year ended December 31, 2024, we recognized interest expense of $ 5 million, of which $ 1 million was due to the amortization of debt issuance costs and $ 4 million was due to contractual interest expense. | text | 2.60 | percentItemType | text: <entity> 2.60 </entity> <entity type> percentItemType </entity type> <context> For 2024, the effective interest rate of the $ 460 million 2.50 % convertible senior notes was 2.60 %. With respect to these notes, for the year ended December 31, 2024, we recognized interest expense of $ 5 million, of which $ 1 million was due to the amortization of debt issuance costs and $ 4 million was due to contractual interest expense. </context> | us-gaap:DebtInstrumentInterestRateEffectivePercentage |
For 2024, the effective interest rate of the $ 460 million 2.50 % convertible senior notes was 2.60 %. With respect to these notes, for the year ended December 31, 2024, we recognized interest expense of $ 5 million, of which $ 1 million was due to the amortization of debt issuance costs and $ 4 million was due to contractual interest expense. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> For 2024, the effective interest rate of the $ 460 million 2.50 % convertible senior notes was 2.60 %. With respect to these notes, for the year ended December 31, 2024, we recognized interest expense of $ 5 million, of which $ 1 million was due to the amortization of debt issuance costs and $ 4 million was due to contractual interest expense. </context> | us-gaap:InterestExpenseDebt |
For 2024, the effective interest rate of the $ 460 million 2.50 % convertible senior notes was 2.60 %. With respect to these notes, for the year ended December 31, 2024, we recognized interest expense of $ 5 million, of which $ 1 million was due to the amortization of debt issuance costs and $ 4 million was due to contractual interest expense. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> For 2024, the effective interest rate of the $ 460 million 2.50 % convertible senior notes was 2.60 %. With respect to these notes, for the year ended December 31, 2024, we recognized interest expense of $ 5 million, of which $ 1 million was due to the amortization of debt issuance costs and $ 4 million was due to contractual interest expense. </context> | us-gaap:AmortizationOfFinancingCosts |
For 2024, the effective interest rate of the $ 460 million 2.50 % convertible senior notes was 2.60 %. With respect to these notes, for the year ended December 31, 2024, we recognized interest expense of $ 5 million, of which $ 1 million was due to the amortization of debt issuance costs and $ 4 million was due to contractual interest expense. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> For 2024, the effective interest rate of the $ 460 million 2.50 % convertible senior notes was 2.60 %. With respect to these notes, for the year ended December 31, 2024, we recognized interest expense of $ 5 million, of which $ 1 million was due to the amortization of debt issuance costs and $ 4 million was due to contractual interest expense. </context> | us-gaap:InterestExpenseDebtExcludingAmortization |
The following table provides information relating to the principal amount and unamortized debt issuance costs of the 2.50 % Convertible Senior Notes (in millions): | text | 2.50 | percentItemType | text: <entity> 2.50 </entity> <entity type> percentItemType </entity type> <context> The following table provides information relating to the principal amount and unamortized debt issuance costs of the 2.50 % Convertible Senior Notes (in millions): </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
In 2024, we made principal payments of $ 748 million on our outstanding debt and finance lease obligations. | text | 748 | monetaryItemType | text: <entity> 748 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we made principal payments of $ 748 million on our outstanding debt and finance lease obligations. </context> | us-gaap:RepaymentsOfLongTermDebtAndCapitalSecurities |
In 2024, we recognized a $ 22 million gain on the early extinguishment of debt. There were no early debt extinguishments in 2023 and debt payoffs resulted in immaterial extinguishment expense in 2022. | text | 22 | monetaryItemType | text: <entity> 22 </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we recognized a $ 22 million gain on the early extinguishment of debt. There were no early debt extinguishments in 2023 and debt payoffs resulted in immaterial extinguishment expense in 2022. </context> | us-gaap:GainsLossesOnExtinguishmentOfDebt |
In 2024, we recognized a $ 22 million gain on the early extinguishment of debt. There were no early debt extinguishments in 2023 and debt payoffs resulted in immaterial extinguishment expense in 2022. | text | no | monetaryItemType | text: <entity> no </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we recognized a $ 22 million gain on the early extinguishment of debt. There were no early debt extinguishments in 2023 and debt payoffs resulted in immaterial extinguishment expense in 2022. </context> | us-gaap:ExtinguishmentOfDebtAmount |
In 2024, we recognized a $ 22 million gain on the early extinguishment of debt. There were no early debt extinguishments in 2023 and debt payoffs resulted in immaterial extinguishment expense in 2022. | text | immaterial | monetaryItemType | text: <entity> immaterial </entity> <entity type> monetaryItemType </entity type> <context> In 2024, we recognized a $ 22 million gain on the early extinguishment of debt. There were no early debt extinguishments in 2023 and debt payoffs resulted in immaterial extinguishment expense in 2022. </context> | us-gaap:ExtinguishmentOfDebtAmount |
$ 230 million, $ 80 million, and $ 124 million in 2024, 2023, and 2022, respectively. | text | 230 | monetaryItemType | text: <entity> 230 </entity> <entity type> monetaryItemType </entity type> <context> $ 230 million, $ 80 million, and $ 124 million in 2024, 2023, and 2022, respectively. </context> | us-gaap:InterestPaid |
$ 230 million, $ 80 million, and $ 124 million in 2024, 2023, and 2022, respectively. | text | 80 | monetaryItemType | text: <entity> 80 </entity> <entity type> monetaryItemType </entity type> <context> $ 230 million, $ 80 million, and $ 124 million in 2024, 2023, and 2022, respectively. </context> | us-gaap:InterestPaid |
$ 230 million, $ 80 million, and $ 124 million in 2024, 2023, and 2022, respectively. | text | 124 | monetaryItemType | text: <entity> 124 </entity> <entity type> monetaryItemType </entity type> <context> $ 230 million, $ 80 million, and $ 124 million in 2024, 2023, and 2022, respectively. </context> | us-gaap:InterestPaid |
As previously disclosed, on October 21, 2022, JetBlue entered into the $ 600 million Second Amended and Restated Credit and Guaranty Agreement (the | text | 600 | monetaryItemType | text: <entity> 600 </entity> <entity type> monetaryItemType </entity type> <context> As previously disclosed, on October 21, 2022, JetBlue entered into the $ 600 million Second Amended and Restated Credit and Guaranty Agreement (the </context> | us-gaap:LineOfCreditFacilityMaximumBorrowingCapacity |
On July 29, 2024, the Company entered into the Second Amendment to the Second Amended and Restated Credit and Guaranty Agreement, which modifies the Facility to, among other things, (i) extend the final maturity of the Facility to October 21, 2029; provided that if the Company’s 0.50 % convertible senior notes due 2026 are not extended, refinanced or paid off, subject to a specified minimum outstanding principal amount thereof, then the Facility expiration will be automatically shortened to December 31, 2025; (ii) adjust the margin and the minimum liquidity requirements of the Company; (iii) replace the sustainability adjustment mechanism; (iv) allow for certain additions of eligible collateral; and (v) remove provisions relating to the terminated merger agreement with Spirit Airlines, Inc. ("Spirit"). | text | 0.50 | percentItemType | text: <entity> 0.50 </entity> <entity type> percentItemType </entity type> <context> On July 29, 2024, the Company entered into the Second Amendment to the Second Amended and Restated Credit and Guaranty Agreement, which modifies the Facility to, among other things, (i) extend the final maturity of the Facility to October 21, 2029; provided that if the Company’s 0.50 % convertible senior notes due 2026 are not extended, refinanced or paid off, subject to a specified minimum outstanding principal amount thereof, then the Facility expiration will be automatically shortened to December 31, 2025; (ii) adjust the margin and the minimum liquidity requirements of the Company; (iii) replace the sustainability adjustment mechanism; (iv) allow for certain additions of eligible collateral; and (v) remove provisions relating to the terminated merger agreement with Spirit Airlines, Inc. ("Spirit"). </context> | us-gaap:DebtInstrumentInterestRateStatedPercentage |
We have a revolving line of credit with Morgan Stanley for up to approximately $ 200 million. This line of credit is secured by a portion of our investment securities held by Morgan Stanley and the amount available to us under this line of credit may vary accordingly. This line of credit bears interest at a floating rate based upon LIBOR (or such replacement index as the bank shall determine from time to time in accordance with the terms of the agreement), plus a margin. As of and for the years ended December 31, 2024 and 2023, we did no t have a balance outstanding or any borrowings under this line of credit. | text | 200 | monetaryItemType | text: <entity> 200 </entity> <entity type> monetaryItemType </entity type> <context> We have a revolving line of credit with Morgan Stanley for up to approximately $ 200 million. This line of credit is secured by a portion of our investment securities held by Morgan Stanley and the amount available to us under this line of credit may vary accordingly. This line of credit bears interest at a floating rate based upon LIBOR (or such replacement index as the bank shall determine from time to time in accordance with the terms of the agreement), plus a margin. As of and for the years ended December 31, 2024 and 2023, we did no t have a balance outstanding or any borrowings under this line of credit. </context> | us-gaap:LineOfCreditFacilityCurrentBorrowingCapacity |
2022 $ 3.5 Billion Senior Secured Bridge Facility | text | 3.5 | monetaryItemType | text: <entity> 3.5 </entity> <entity type> monetaryItemType </entity type> <context> 2022 $ 3.5 Billion Senior Secured Bridge Facility </context> | us-gaap:DebtInstrumentFaceAmount |
JetBlue entered into a Second Amended and Restated Commitment Letter (the "Commitment Letter"), dated July 28, 2022, with Goldman Sachs Bank USA; BofA Securities, Inc.; Bank of America, N.A.; BNP Paribas; Credit Suisse AG, New York Branch; Credit Suisse Loan Funding LLC; Credit Agricole Corporate and Investment Bank; Natixis, New York Branch; Sumitomo Mitsui Banking Corporation; and MUFG Bank, Ltd. (collectively, the "Commitment Parties"), pursuant to which the Commitment Parties committed to provide a senior secured bridge facility in an aggregate principal amount of up to $ 3.5 billion to finance the acquisition of Spirit under the Agreement and Plan of Merger (the "Merger Agreement"). The Commitment Letter was terminated on March 4, 2024. Prior to its termination, we did not have a balance outstanding or any borrowings under this facility. Please refer to Note 18 for additional details on the termination of the Merger Agreement. | text | 3.5 | monetaryItemType | text: <entity> 3.5 </entity> <entity type> monetaryItemType </entity type> <context> JetBlue entered into a Second Amended and Restated Commitment Letter (the "Commitment Letter"), dated July 28, 2022, with Goldman Sachs Bank USA; BofA Securities, Inc.; Bank of America, N.A.; BNP Paribas; Credit Suisse AG, New York Branch; Credit Suisse Loan Funding LLC; Credit Agricole Corporate and Investment Bank; Natixis, New York Branch; Sumitomo Mitsui Banking Corporation; and MUFG Bank, Ltd. (collectively, the "Commitment Parties"), pursuant to which the Commitment Parties committed to provide a senior secured bridge facility in an aggregate principal amount of up to $ 3.5 billion to finance the acquisition of Spirit under the Agreement and Plan of Merger (the "Merger Agreement"). The Commitment Letter was terminated on March 4, 2024. Prior to its termination, we did not have a balance outstanding or any borrowings under this facility. Please refer to Note 18 for additional details on the termination of the Merger Agreement. </context> | us-gaap:DebtInstrumentFaceAmount |
JetBlue entered into a Second Amended and Restated Commitment Letter (the "Commitment Letter"), dated July 28, 2022, with Goldman Sachs Bank USA; BofA Securities, Inc.; Bank of America, N.A.; BNP Paribas; Credit Suisse AG, New York Branch; Credit Suisse Loan Funding LLC; Credit Agricole Corporate and Investment Bank; Natixis, New York Branch; Sumitomo Mitsui Banking Corporation; and MUFG Bank, Ltd. (collectively, the "Commitment Parties"), pursuant to which the Commitment Parties committed to provide a senior secured bridge facility in an aggregate principal amount of up to $ 3.5 billion to finance the acquisition of Spirit under the Agreement and Plan of Merger (the "Merger Agreement"). The Commitment Letter was terminated on March 4, 2024. Prior to its termination, we did not have a balance outstanding or any borrowings under this facility. Please refer to Note 18 for additional details on the termination of the Merger Agreement. | text | not | monetaryItemType | text: <entity> not </entity> <entity type> monetaryItemType </entity type> <context> JetBlue entered into a Second Amended and Restated Commitment Letter (the "Commitment Letter"), dated July 28, 2022, with Goldman Sachs Bank USA; BofA Securities, Inc.; Bank of America, N.A.; BNP Paribas; Credit Suisse AG, New York Branch; Credit Suisse Loan Funding LLC; Credit Agricole Corporate and Investment Bank; Natixis, New York Branch; Sumitomo Mitsui Banking Corporation; and MUFG Bank, Ltd. (collectively, the "Commitment Parties"), pursuant to which the Commitment Parties committed to provide a senior secured bridge facility in an aggregate principal amount of up to $ 3.5 billion to finance the acquisition of Spirit under the Agreement and Plan of Merger (the "Merger Agreement"). The Commitment Letter was terminated on March 4, 2024. Prior to its termination, we did not have a balance outstanding or any borrowings under this facility. Please refer to Note 18 for additional details on the termination of the Merger Agreement. </context> | us-gaap:LineOfCredit |
$ 52 million in impairment losses relating to our Embraer E190 fleet transition. These losses were attributed to aircraft and related spare parts including the ones under operating leases. Refer to Note 17 for further details. | text | 52 | monetaryItemType | text: <entity> 52 </entity> <entity type> monetaryItemType </entity type> <context> $ 52 million in impairment losses relating to our Embraer E190 fleet transition. These losses were attributed to aircraft and related spare parts including the ones under operating leases. Refer to Note 17 for further details. </context> | us-gaap:TangibleAssetImpairmentCharges |
d. Anti-dilutive common stock equivalents excluded from the computation of diluted loss per share amounts were 4.4 million, 2.0 million, and 1.8 million for the years ended December 31, 2024, 2023, and 2022 respectively. | text | 4.4 | sharesItemType | text: <entity> 4.4 </entity> <entity type> sharesItemType </entity type> <context> d. Anti-dilutive common stock equivalents excluded from the computation of diluted loss per share amounts were 4.4 million, 2.0 million, and 1.8 million for the years ended December 31, 2024, 2023, and 2022 respectively. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
d. Anti-dilutive common stock equivalents excluded from the computation of diluted loss per share amounts were 4.4 million, 2.0 million, and 1.8 million for the years ended December 31, 2024, 2023, and 2022 respectively. | text | 2.0 | sharesItemType | text: <entity> 2.0 </entity> <entity type> sharesItemType </entity type> <context> d. Anti-dilutive common stock equivalents excluded from the computation of diluted loss per share amounts were 4.4 million, 2.0 million, and 1.8 million for the years ended December 31, 2024, 2023, and 2022 respectively. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
d. Anti-dilutive common stock equivalents excluded from the computation of diluted loss per share amounts were 4.4 million, 2.0 million, and 1.8 million for the years ended December 31, 2024, 2023, and 2022 respectively. | text | 1.8 | sharesItemType | text: <entity> 1.8 </entity> <entity type> sharesItemType </entity type> <context> d. Anti-dilutive common stock equivalents excluded from the computation of diluted loss per share amounts were 4.4 million, 2.0 million, and 1.8 million for the years ended December 31, 2024, 2023, and 2022 respectively. </context> | us-gaap:AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount |
Unrecognized stock-based compensation expense was approximately $ 35 million as of December 31, 2024. This amount relates to a total of 8.6 million in unvested restricted stock units ("RSUs"), performance stock units ("PSUs"), and deferred stock units ("DSUs") that were outstanding under our 2020 Plan. We expect to recognize this stock-based compensation expense over a weighted average period of approximately | text | 35 | monetaryItemType | text: <entity> 35 </entity> <entity type> monetaryItemType </entity type> <context> Unrecognized stock-based compensation expense was approximately $ 35 million as of December 31, 2024. This amount relates to a total of 8.6 million in unvested restricted stock units ("RSUs"), performance stock units ("PSUs"), and deferred stock units ("DSUs") that were outstanding under our 2020 Plan. We expect to recognize this stock-based compensation expense over a weighted average period of approximately </context> | us-gaap:EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized |
Unrecognized stock-based compensation expense was approximately $ 35 million as of December 31, 2024. This amount relates to a total of 8.6 million in unvested restricted stock units ("RSUs"), performance stock units ("PSUs"), and deferred stock units ("DSUs") that were outstanding under our 2020 Plan. We expect to recognize this stock-based compensation expense over a weighted average period of approximately | text | 8.6 | sharesItemType | text: <entity> 8.6 </entity> <entity type> sharesItemType </entity type> <context> Unrecognized stock-based compensation expense was approximately $ 35 million as of December 31, 2024. This amount relates to a total of 8.6 million in unvested restricted stock units ("RSUs"), performance stock units ("PSUs"), and deferred stock units ("DSUs") that were outstanding under our 2020 Plan. We expect to recognize this stock-based compensation expense over a weighted average period of approximately </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber |
The total stock-based compensation expense, which is included within salaries, wages and benefits on our consolidated statements of operations, for the years ended December 31, 2024, 2023, and 2022 was $ 39 million, | text | 39 | monetaryItemType | text: <entity> 39 </entity> <entity type> monetaryItemType </entity type> <context> The total stock-based compensation expense, which is included within salaries, wages and benefits on our consolidated statements of operations, for the years ended December 31, 2024, 2023, and 2022 was $ 39 million, </context> | us-gaap:AllocatedShareBasedCompensationExpense |
, and $ 30 million, respectively. | text | 30 | monetaryItemType | text: <entity> 30 </entity> <entity type> monetaryItemType </entity type> <context> , and $ 30 million, respectively. </context> | us-gaap:AllocatedShareBasedCompensationExpense |
On May 14, 2020, our stockholders approved the 2020 Plan. Upon inception, the 2020 Plan had 10.5 million shares of our common stock reserved for issuance. In May 2023 and 2024, our stockholders approved an additional 10.0 million and 15.0 million shares of common stock, respectively, to be reserved for issuance under the plan, bringing the total authorized shares reserved for issuance over the term of the 2020 Plan to 35.5 million. The 2020 Plan, by its terms, will terminate no later than May 2030. Under this plan, we grant RSUs to certain crewmembers and members of our Board. The vesting periods for the RSUs vary by grant but are no less than one year. We also grant DSUs to members of our Board and PSUs to certain members of our leadership team. | text | 10.5 | sharesItemType | text: <entity> 10.5 </entity> <entity type> sharesItemType </entity type> <context> On May 14, 2020, our stockholders approved the 2020 Plan. Upon inception, the 2020 Plan had 10.5 million shares of our common stock reserved for issuance. In May 2023 and 2024, our stockholders approved an additional 10.0 million and 15.0 million shares of common stock, respectively, to be reserved for issuance under the plan, bringing the total authorized shares reserved for issuance over the term of the 2020 Plan to 35.5 million. The 2020 Plan, by its terms, will terminate no later than May 2030. Under this plan, we grant RSUs to certain crewmembers and members of our Board. The vesting periods for the RSUs vary by grant but are no less than one year. We also grant DSUs to members of our Board and PSUs to certain members of our leadership team. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
On May 14, 2020, our stockholders approved the 2020 Plan. Upon inception, the 2020 Plan had 10.5 million shares of our common stock reserved for issuance. In May 2023 and 2024, our stockholders approved an additional 10.0 million and 15.0 million shares of common stock, respectively, to be reserved for issuance under the plan, bringing the total authorized shares reserved for issuance over the term of the 2020 Plan to 35.5 million. The 2020 Plan, by its terms, will terminate no later than May 2030. Under this plan, we grant RSUs to certain crewmembers and members of our Board. The vesting periods for the RSUs vary by grant but are no less than one year. We also grant DSUs to members of our Board and PSUs to certain members of our leadership team. | text | 10.0 | sharesItemType | text: <entity> 10.0 </entity> <entity type> sharesItemType </entity type> <context> On May 14, 2020, our stockholders approved the 2020 Plan. Upon inception, the 2020 Plan had 10.5 million shares of our common stock reserved for issuance. In May 2023 and 2024, our stockholders approved an additional 10.0 million and 15.0 million shares of common stock, respectively, to be reserved for issuance under the plan, bringing the total authorized shares reserved for issuance over the term of the 2020 Plan to 35.5 million. The 2020 Plan, by its terms, will terminate no later than May 2030. Under this plan, we grant RSUs to certain crewmembers and members of our Board. The vesting periods for the RSUs vary by grant but are no less than one year. We also grant DSUs to members of our Board and PSUs to certain members of our leadership team. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized |
On May 14, 2020, our stockholders approved the 2020 Plan. Upon inception, the 2020 Plan had 10.5 million shares of our common stock reserved for issuance. In May 2023 and 2024, our stockholders approved an additional 10.0 million and 15.0 million shares of common stock, respectively, to be reserved for issuance under the plan, bringing the total authorized shares reserved for issuance over the term of the 2020 Plan to 35.5 million. The 2020 Plan, by its terms, will terminate no later than May 2030. Under this plan, we grant RSUs to certain crewmembers and members of our Board. The vesting periods for the RSUs vary by grant but are no less than one year. We also grant DSUs to members of our Board and PSUs to certain members of our leadership team. | text | 15.0 | sharesItemType | text: <entity> 15.0 </entity> <entity type> sharesItemType </entity type> <context> On May 14, 2020, our stockholders approved the 2020 Plan. Upon inception, the 2020 Plan had 10.5 million shares of our common stock reserved for issuance. In May 2023 and 2024, our stockholders approved an additional 10.0 million and 15.0 million shares of common stock, respectively, to be reserved for issuance under the plan, bringing the total authorized shares reserved for issuance over the term of the 2020 Plan to 35.5 million. The 2020 Plan, by its terms, will terminate no later than May 2030. Under this plan, we grant RSUs to certain crewmembers and members of our Board. The vesting periods for the RSUs vary by grant but are no less than one year. We also grant DSUs to members of our Board and PSUs to certain members of our leadership team. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized |
On May 14, 2020, our stockholders approved the 2020 Plan. Upon inception, the 2020 Plan had 10.5 million shares of our common stock reserved for issuance. In May 2023 and 2024, our stockholders approved an additional 10.0 million and 15.0 million shares of common stock, respectively, to be reserved for issuance under the plan, bringing the total authorized shares reserved for issuance over the term of the 2020 Plan to 35.5 million. The 2020 Plan, by its terms, will terminate no later than May 2030. Under this plan, we grant RSUs to certain crewmembers and members of our Board. The vesting periods for the RSUs vary by grant but are no less than one year. We also grant DSUs to members of our Board and PSUs to certain members of our leadership team. | text | 35.5 | sharesItemType | text: <entity> 35.5 </entity> <entity type> sharesItemType </entity type> <context> On May 14, 2020, our stockholders approved the 2020 Plan. Upon inception, the 2020 Plan had 10.5 million shares of our common stock reserved for issuance. In May 2023 and 2024, our stockholders approved an additional 10.0 million and 15.0 million shares of common stock, respectively, to be reserved for issuance under the plan, bringing the total authorized shares reserved for issuance over the term of the 2020 Plan to 35.5 million. The 2020 Plan, by its terms, will terminate no later than May 2030. Under this plan, we grant RSUs to certain crewmembers and members of our Board. The vesting periods for the RSUs vary by grant but are no less than one year. We also grant DSUs to members of our Board and PSUs to certain members of our leadership team. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
The total intrinsic value, determined as of the date of vesting, for all RSUs under the 2020 Plan that vested during the year ended December 31, 2024 was $ 16 million. | text | 16 | monetaryItemType | text: <entity> 16 </entity> <entity type> monetaryItemType </entity type> <context> The total intrinsic value, determined as of the date of vesting, for all RSUs under the 2020 Plan that vested during the year ended December 31, 2024 was $ 16 million. </context> | us-gaap:SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueVested |
In 2024 and 2023, we granted 1.5 million and 1.8 million, respectively, of PSUs to certain members of our leadership team, payment of which are based upon achievements of certain performance criteria. No PSUs were granted in 2022. | text | 1.5 | sharesItemType | text: <entity> 1.5 </entity> <entity type> sharesItemType </entity type> <context> In 2024 and 2023, we granted 1.5 million and 1.8 million, respectively, of PSUs to certain members of our leadership team, payment of which are based upon achievements of certain performance criteria. No PSUs were granted in 2022. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
In 2024 and 2023, we granted 1.5 million and 1.8 million, respectively, of PSUs to certain members of our leadership team, payment of which are based upon achievements of certain performance criteria. No PSUs were granted in 2022. | text | 1.8 | sharesItemType | text: <entity> 1.8 </entity> <entity type> sharesItemType </entity type> <context> In 2024 and 2023, we granted 1.5 million and 1.8 million, respectively, of PSUs to certain members of our leadership team, payment of which are based upon achievements of certain performance criteria. No PSUs were granted in 2022. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
In 2024 and 2023, we granted 1.5 million and 1.8 million, respectively, of PSUs to certain members of our leadership team, payment of which are based upon achievements of certain performance criteria. No PSUs were granted in 2022. | text | No | sharesItemType | text: <entity> No </entity> <entity type> sharesItemType </entity type> <context> In 2024 and 2023, we granted 1.5 million and 1.8 million, respectively, of PSUs to certain members of our leadership team, payment of which are based upon achievements of certain performance criteria. No PSUs were granted in 2022. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod |
At inception, the CSPP had 17.5 million shares of our common stock reserved for issuance. In May 2023 and 2024, our stockholders approved an additional 10.0 million and 25.0 million shares of common stock, respectively, bringing the total authorized shares of common stock reserved for issuance over the term of the CSPP to 52.5 million shares. The CSPP, by its terms, will terminate no later than May 2030. | text | 17.5 | sharesItemType | text: <entity> 17.5 </entity> <entity type> sharesItemType </entity type> <context> At inception, the CSPP had 17.5 million shares of our common stock reserved for issuance. In May 2023 and 2024, our stockholders approved an additional 10.0 million and 25.0 million shares of common stock, respectively, bringing the total authorized shares of common stock reserved for issuance over the term of the CSPP to 52.5 million shares. The CSPP, by its terms, will terminate no later than May 2030. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
At inception, the CSPP had 17.5 million shares of our common stock reserved for issuance. In May 2023 and 2024, our stockholders approved an additional 10.0 million and 25.0 million shares of common stock, respectively, bringing the total authorized shares of common stock reserved for issuance over the term of the CSPP to 52.5 million shares. The CSPP, by its terms, will terminate no later than May 2030. | text | 10.0 | sharesItemType | text: <entity> 10.0 </entity> <entity type> sharesItemType </entity type> <context> At inception, the CSPP had 17.5 million shares of our common stock reserved for issuance. In May 2023 and 2024, our stockholders approved an additional 10.0 million and 25.0 million shares of common stock, respectively, bringing the total authorized shares of common stock reserved for issuance over the term of the CSPP to 52.5 million shares. The CSPP, by its terms, will terminate no later than May 2030. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized |
At inception, the CSPP had 17.5 million shares of our common stock reserved for issuance. In May 2023 and 2024, our stockholders approved an additional 10.0 million and 25.0 million shares of common stock, respectively, bringing the total authorized shares of common stock reserved for issuance over the term of the CSPP to 52.5 million shares. The CSPP, by its terms, will terminate no later than May 2030. | text | 25.0 | sharesItemType | text: <entity> 25.0 </entity> <entity type> sharesItemType </entity type> <context> At inception, the CSPP had 17.5 million shares of our common stock reserved for issuance. In May 2023 and 2024, our stockholders approved an additional 10.0 million and 25.0 million shares of common stock, respectively, bringing the total authorized shares of common stock reserved for issuance over the term of the CSPP to 52.5 million shares. The CSPP, by its terms, will terminate no later than May 2030. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized |
At inception, the CSPP had 17.5 million shares of our common stock reserved for issuance. In May 2023 and 2024, our stockholders approved an additional 10.0 million and 25.0 million shares of common stock, respectively, bringing the total authorized shares of common stock reserved for issuance over the term of the CSPP to 52.5 million shares. The CSPP, by its terms, will terminate no later than May 2030. | text | 52.5 | sharesItemType | text: <entity> 52.5 </entity> <entity type> sharesItemType </entity type> <context> At inception, the CSPP had 17.5 million shares of our common stock reserved for issuance. In May 2023 and 2024, our stockholders approved an additional 10.0 million and 25.0 million shares of common stock, respectively, bringing the total authorized shares of common stock reserved for issuance over the term of the CSPP to 52.5 million shares. The CSPP, by its terms, will terminate no later than May 2030. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized |
ries of six-month offering periods, with a new offering period beginning on the first business day of May and November each year. Crewmembers can enroll in the CSPP nearly year-round, with the exception of specific blackout dates. Enrollment is effective at the start of the next offering period. Crewmembers may contribute up to 10 % of their pay towards the purchase of common stock via payroll deductions. Purchase dates occur on the last business day of April and October each year. The purchase price is the closing stock price on the day before the purchase date, less a 15 % discount. The compensation cost relating to the discount is recognized over the offering period. The total expense recognized relating t | text | 10 | percentItemType | text: <entity> 10 </entity> <entity type> percentItemType </entity type> <context> ries of six-month offering periods, with a new offering period beginning on the first business day of May and November each year. Crewmembers can enroll in the CSPP nearly year-round, with the exception of specific blackout dates. Enrollment is effective at the start of the next offering period. Crewmembers may contribute up to 10 % of their pay towards the purchase of common stock via payroll deductions. Purchase dates occur on the last business day of April and October each year. The purchase price is the closing stock price on the day before the purchase date, less a 15 % discount. The compensation cost relating to the discount is recognized over the offering period. The total expense recognized relating t </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardMaximumEmployeeSubscriptionRate |
ries of six-month offering periods, with a new offering period beginning on the first business day of May and November each year. Crewmembers can enroll in the CSPP nearly year-round, with the exception of specific blackout dates. Enrollment is effective at the start of the next offering period. Crewmembers may contribute up to 10 % of their pay towards the purchase of common stock via payroll deductions. Purchase dates occur on the last business day of April and October each year. The purchase price is the closing stock price on the day before the purchase date, less a 15 % discount. The compensation cost relating to the discount is recognized over the offering period. The total expense recognized relating t | text | 15 | percentItemType | text: <entity> 15 </entity> <entity type> percentItemType </entity type> <context> ries of six-month offering periods, with a new offering period beginning on the first business day of May and November each year. Crewmembers can enroll in the CSPP nearly year-round, with the exception of specific blackout dates. Enrollment is effective at the start of the next offering period. Crewmembers may contribute up to 10 % of their pay towards the purchase of common stock via payroll deductions. Purchase dates occur on the last business day of April and October each year. The purchase price is the closing stock price on the day before the purchase date, less a 15 % discount. The compensation cost relating to the discount is recognized over the offering period. The total expense recognized relating t </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardDiscountFromMarketPricePurchaseDate |
. Under the plan, crewmembers purchased 12.2 million, 11.2 million, and 6.4 million new shares for the years ended December 31, 2024, 2023, and 2022, respectively, at weighted average prices of $ 4.90 , $ 4.67 , and $ 8.07 per share, respectively. | text | 12.2 | sharesItemType | text: <entity> 12.2 </entity> <entity type> sharesItemType </entity type> <context> . Under the plan, crewmembers purchased 12.2 million, 11.2 million, and 6.4 million new shares for the years ended December 31, 2024, 2023, and 2022, respectively, at weighted average prices of $ 4.90 , $ 4.67 , and $ 8.07 per share, respectively. </context> | us-gaap:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans |
. Under the plan, crewmembers purchased 12.2 million, 11.2 million, and 6.4 million new shares for the years ended December 31, 2024, 2023, and 2022, respectively, at weighted average prices of $ 4.90 , $ 4.67 , and $ 8.07 per share, respectively. | text | 11.2 | sharesItemType | text: <entity> 11.2 </entity> <entity type> sharesItemType </entity type> <context> . Under the plan, crewmembers purchased 12.2 million, 11.2 million, and 6.4 million new shares for the years ended December 31, 2024, 2023, and 2022, respectively, at weighted average prices of $ 4.90 , $ 4.67 , and $ 8.07 per share, respectively. </context> | us-gaap:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans |
. Under the plan, crewmembers purchased 12.2 million, 11.2 million, and 6.4 million new shares for the years ended December 31, 2024, 2023, and 2022, respectively, at weighted average prices of $ 4.90 , $ 4.67 , and $ 8.07 per share, respectively. | text | 6.4 | sharesItemType | text: <entity> 6.4 </entity> <entity type> sharesItemType </entity type> <context> . Under the plan, crewmembers purchased 12.2 million, 11.2 million, and 6.4 million new shares for the years ended December 31, 2024, 2023, and 2022, respectively, at weighted average prices of $ 4.90 , $ 4.67 , and $ 8.07 per share, respectively. </context> | us-gaap:StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans |
. Under the plan, crewmembers purchased 12.2 million, 11.2 million, and 6.4 million new shares for the years ended December 31, 2024, 2023, and 2022, respectively, at weighted average prices of $ 4.90 , $ 4.67 , and $ 8.07 per share, respectively. | text | 4.90 | perShareItemType | text: <entity> 4.90 </entity> <entity type> perShareItemType </entity type> <context> . Under the plan, crewmembers purchased 12.2 million, 11.2 million, and 6.4 million new shares for the years ended December 31, 2024, 2023, and 2022, respectively, at weighted average prices of $ 4.90 , $ 4.67 , and $ 8.07 per share, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased |
. Under the plan, crewmembers purchased 12.2 million, 11.2 million, and 6.4 million new shares for the years ended December 31, 2024, 2023, and 2022, respectively, at weighted average prices of $ 4.90 , $ 4.67 , and $ 8.07 per share, respectively. | text | 4.67 | perShareItemType | text: <entity> 4.67 </entity> <entity type> perShareItemType </entity type> <context> . Under the plan, crewmembers purchased 12.2 million, 11.2 million, and 6.4 million new shares for the years ended December 31, 2024, 2023, and 2022, respectively, at weighted average prices of $ 4.90 , $ 4.67 , and $ 8.07 per share, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased |
. Under the plan, crewmembers purchased 12.2 million, 11.2 million, and 6.4 million new shares for the years ended December 31, 2024, 2023, and 2022, respectively, at weighted average prices of $ 4.90 , $ 4.67 , and $ 8.07 per share, respectively. | text | 8.07 | perShareItemType | text: <entity> 8.07 </entity> <entity type> perShareItemType </entity type> <context> . Under the plan, crewmembers purchased 12.2 million, 11.2 million, and 6.4 million new shares for the years ended December 31, 2024, 2023, and 2022, respectively, at weighted average prices of $ 4.90 , $ 4.67 , and $ 8.07 per share, respectively. </context> | us-gaap:ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased |
, we have a total tax effected NOL carryforwards of $ 1.1 billion. The federal NOLs of $ 811 million have an indefinite life. We also have state and foreign NOLs of $ 139 million and $ 132 million, respectively from various taxing jurisdictions which, if go unused will start to expire in 2025 through 2044. Our ability to use our NOLs and other carryforwards depends on the amount of taxable income generated in future periods. | text | 1.1 | monetaryItemType | text: <entity> 1.1 </entity> <entity type> monetaryItemType </entity type> <context> , we have a total tax effected NOL carryforwards of $ 1.1 billion. The federal NOLs of $ 811 million have an indefinite life. We also have state and foreign NOLs of $ 139 million and $ 132 million, respectively from various taxing jurisdictions which, if go unused will start to expire in 2025 through 2044. Our ability to use our NOLs and other carryforwards depends on the amount of taxable income generated in future periods. </context> | us-gaap:OperatingLossCarryforwards |
, we have a total tax effected NOL carryforwards of $ 1.1 billion. The federal NOLs of $ 811 million have an indefinite life. We also have state and foreign NOLs of $ 139 million and $ 132 million, respectively from various taxing jurisdictions which, if go unused will start to expire in 2025 through 2044. Our ability to use our NOLs and other carryforwards depends on the amount of taxable income generated in future periods. | text | 811 | monetaryItemType | text: <entity> 811 </entity> <entity type> monetaryItemType </entity type> <context> , we have a total tax effected NOL carryforwards of $ 1.1 billion. The federal NOLs of $ 811 million have an indefinite life. We also have state and foreign NOLs of $ 139 million and $ 132 million, respectively from various taxing jurisdictions which, if go unused will start to expire in 2025 through 2044. Our ability to use our NOLs and other carryforwards depends on the amount of taxable income generated in future periods. </context> | us-gaap:OperatingLossCarryforwards |
, we have a total tax effected NOL carryforwards of $ 1.1 billion. The federal NOLs of $ 811 million have an indefinite life. We also have state and foreign NOLs of $ 139 million and $ 132 million, respectively from various taxing jurisdictions which, if go unused will start to expire in 2025 through 2044. Our ability to use our NOLs and other carryforwards depends on the amount of taxable income generated in future periods. | text | 139 | monetaryItemType | text: <entity> 139 </entity> <entity type> monetaryItemType </entity type> <context> , we have a total tax effected NOL carryforwards of $ 1.1 billion. The federal NOLs of $ 811 million have an indefinite life. We also have state and foreign NOLs of $ 139 million and $ 132 million, respectively from various taxing jurisdictions which, if go unused will start to expire in 2025 through 2044. Our ability to use our NOLs and other carryforwards depends on the amount of taxable income generated in future periods. </context> | us-gaap:OperatingLossCarryforwards |
, we have a total tax effected NOL carryforwards of $ 1.1 billion. The federal NOLs of $ 811 million have an indefinite life. We also have state and foreign NOLs of $ 139 million and $ 132 million, respectively from various taxing jurisdictions which, if go unused will start to expire in 2025 through 2044. Our ability to use our NOLs and other carryforwards depends on the amount of taxable income generated in future periods. | text | 132 | monetaryItemType | text: <entity> 132 </entity> <entity type> monetaryItemType </entity type> <context> , we have a total tax effected NOL carryforwards of $ 1.1 billion. The federal NOLs of $ 811 million have an indefinite life. We also have state and foreign NOLs of $ 139 million and $ 132 million, respectively from various taxing jurisdictions which, if go unused will start to expire in 2025 through 2044. Our ability to use our NOLs and other carryforwards depends on the amount of taxable income generated in future periods. </context> | us-gaap:OperatingLossCarryforwards |
In evaluating the realizability of the deferred tax assets, we assess whether it is more likely than not that some portion, or all, of the deferred tax assets, will be realized. We consider, among other things, the generation of future taxable income (including reversals of deferred tax liabilities) during the periods in which the related temporary differences will become deductible. At December 31, 2024, we provided a $ 238 million valuation allowance to reduce the deferred tax assets to an amount that we consider is more likely than not to be realized. Of the total valuation allowance, $ 114 million relates to foreign NOL carryforward that begins to expire in 2025 and $ 123 million relates to transaction costs. | text | 238 | monetaryItemType | text: <entity> 238 </entity> <entity type> monetaryItemType </entity type> <context> In evaluating the realizability of the deferred tax assets, we assess whether it is more likely than not that some portion, or all, of the deferred tax assets, will be realized. We consider, among other things, the generation of future taxable income (including reversals of deferred tax liabilities) during the periods in which the related temporary differences will become deductible. At December 31, 2024, we provided a $ 238 million valuation allowance to reduce the deferred tax assets to an amount that we consider is more likely than not to be realized. Of the total valuation allowance, $ 114 million relates to foreign NOL carryforward that begins to expire in 2025 and $ 123 million relates to transaction costs. </context> | us-gaap:DeferredTaxAssetsValuationAllowance |
In evaluating the realizability of the deferred tax assets, we assess whether it is more likely than not that some portion, or all, of the deferred tax assets, will be realized. We consider, among other things, the generation of future taxable income (including reversals of deferred tax liabilities) during the periods in which the related temporary differences will become deductible. At December 31, 2024, we provided a $ 238 million valuation allowance to reduce the deferred tax assets to an amount that we consider is more likely than not to be realized. Of the total valuation allowance, $ 114 million relates to foreign NOL carryforward that begins to expire in 2025 and $ 123 million relates to transaction costs. | text | 114 | monetaryItemType | text: <entity> 114 </entity> <entity type> monetaryItemType </entity type> <context> In evaluating the realizability of the deferred tax assets, we assess whether it is more likely than not that some portion, or all, of the deferred tax assets, will be realized. We consider, among other things, the generation of future taxable income (including reversals of deferred tax liabilities) during the periods in which the related temporary differences will become deductible. At December 31, 2024, we provided a $ 238 million valuation allowance to reduce the deferred tax assets to an amount that we consider is more likely than not to be realized. Of the total valuation allowance, $ 114 million relates to foreign NOL carryforward that begins to expire in 2025 and $ 123 million relates to transaction costs. </context> | us-gaap:OperatingLossCarryforwardsValuationAllowance |
ed, $ 8 million of th | text | 8 | monetaryItemType | text: <entity> 8 </entity> <entity type> monetaryItemType </entity type> <context> ed, $ 8 million of th </context> | us-gaap:UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate |
We sponsor a retirement savings 401(k) defined contribution plan, covering our U.S. and Puerto Rico crewmembers, where we match 100 % of our crewmember contributions up to 5 % of their eligible wages. Employer contributions vest after three years of service and are measured from a crewmember’s hire date. Crewmembers are vested immediately in their voluntary contributions. | text | 100 | percentItemType | text: <entity> 100 </entity> <entity type> percentItemType </entity type> <context> We sponsor a retirement savings 401(k) defined contribution plan, covering our U.S. and Puerto Rico crewmembers, where we match 100 % of our crewmember contributions up to 5 % of their eligible wages. Employer contributions vest after three years of service and are measured from a crewmember’s hire date. Crewmembers are vested immediately in their voluntary contributions. </context> | us-gaap:DefinedContributionPlanEmployerMatchingContributionPercentOfMatch |
We sponsor a retirement savings 401(k) defined contribution plan, covering our U.S. and Puerto Rico crewmembers, where we match 100 % of our crewmember contributions up to 5 % of their eligible wages. Employer contributions vest after three years of service and are measured from a crewmember’s hire date. Crewmembers are vested immediately in their voluntary contributions. | text | 5 | percentItemType | text: <entity> 5 </entity> <entity type> percentItemType </entity type> <context> We sponsor a retirement savings 401(k) defined contribution plan, covering our U.S. and Puerto Rico crewmembers, where we match 100 % of our crewmember contributions up to 5 % of their eligible wages. Employer contributions vest after three years of service and are measured from a crewmember’s hire date. Crewmembers are vested immediately in their voluntary contributions. </context> | us-gaap:DefinedContributionPlanEmployerMatchingContributionPercent |
In 2022 and 2023, certain Federal Aviation Administration ("FAA") licensed crewmembers received a discretionary contribution of 3 % of eligible compensation, which we refer to as | text | 3 | percentItemType | text: <entity> 3 </entity> <entity type> percentItemType </entity type> <context> In 2022 and 2023, certain Federal Aviation Administration ("FAA") licensed crewmembers received a discretionary contribution of 3 % of eligible compensation, which we refer to as </context> | us-gaap:DefinedContributionPlanEmployerMatchingContributionPercent |
contributions. System controllers also receive a Company discretionary contribution of 5 % of eligible compensation, referred to as | text | 5 | percentItemType | text: <entity> 5 </entity> <entity type> percentItemType </entity type> <context> contributions. System controllers also receive a Company discretionary contribution of 5 % of eligible compensation, referred to as </context> | us-gaap:DefinedContributionPlanEmployerMatchingContributionPercent |
program. We also had $ 61 million | text | 61 | monetaryItemType | text: <entity> 61 </entity> <entity type> monetaryItemType </entity type> <context> program. We also had $ 61 million </context> | us-gaap:LettersOfCreditOutstandingAmount |
for letters of credit relating to a certain number of our leases, which will expire at the end of the related lease terms as well as a $ 65 million letter of credit relating to our 5 % ownership in JFK Millennium Partners ("JMP"), a private entity that will finance, develop, and operate JFK Terminal 6 | text | 65 | monetaryItemType | text: <entity> 65 </entity> <entity type> monetaryItemType </entity type> <context> for letters of credit relating to a certain number of our leases, which will expire at the end of the related lease terms as well as a $ 65 million letter of credit relating to our 5 % ownership in JFK Millennium Partners ("JMP"), a private entity that will finance, develop, and operate JFK Terminal 6 </context> | us-gaap:RestrictedCash |
for letters of credit relating to a certain number of our leases, which will expire at the end of the related lease terms as well as a $ 65 million letter of credit relating to our 5 % ownership in JFK Millennium Partners ("JMP"), a private entity that will finance, develop, and operate JFK Terminal 6 | text | 5 | percentItemType | text: <entity> 5 </entity> <entity type> percentItemType </entity type> <context> for letters of credit relating to a certain number of our leases, which will expire at the end of the related lease terms as well as a $ 65 million letter of credit relating to our 5 % ownership in JFK Millennium Partners ("JMP"), a private entity that will finance, develop, and operate JFK Terminal 6 </context> | us-gaap:MinorityInterestOwnershipPercentageByNoncontrollingOwners |
y $ 10 million and $ 15 million as | text | 10 | monetaryItemType | text: <entity> 10 </entity> <entity type> monetaryItemType </entity type> <context> y $ 10 million and $ 15 million as </context> | us-gaap:AssetRetirementObligationsNoncurrent |
y $ 10 million and $ 15 million as | text | 15 | monetaryItemType | text: <entity> 15 </entity> <entity type> monetaryItemType </entity type> <context> y $ 10 million and $ 15 million as </context> | us-gaap:AssetRetirementObligationsNoncurrent |
We recognized a net unrealized gain of $ 4 million and $ 1 million in accumulated other comprehensive income (loss) on the consolidated balance sheets as of December 31, 2024 and 2023, respectively. We recognized a net realized gain of $ 1 million in gain (loss) on investment, net on our consolidated statement of operations during the periods ending December 31, 2024 and 2023 and recognized an immaterial net realized gain (loss) during the same period ending December 31, 2022. | text | 4 | monetaryItemType | text: <entity> 4 </entity> <entity type> monetaryItemType </entity type> <context> We recognized a net unrealized gain of $ 4 million and $ 1 million in accumulated other comprehensive income (loss) on the consolidated balance sheets as of December 31, 2024 and 2023, respectively. We recognized a net realized gain of $ 1 million in gain (loss) on investment, net on our consolidated statement of operations during the periods ending December 31, 2024 and 2023 and recognized an immaterial net realized gain (loss) during the same period ending December 31, 2022. </context> | us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax |
We recognized a net unrealized gain of $ 4 million and $ 1 million in accumulated other comprehensive income (loss) on the consolidated balance sheets as of December 31, 2024 and 2023, respectively. We recognized a net realized gain of $ 1 million in gain (loss) on investment, net on our consolidated statement of operations during the periods ending December 31, 2024 and 2023 and recognized an immaterial net realized gain (loss) during the same period ending December 31, 2022. | text | 1 | monetaryItemType | text: <entity> 1 </entity> <entity type> monetaryItemType </entity type> <context> We recognized a net unrealized gain of $ 4 million and $ 1 million in accumulated other comprehensive income (loss) on the consolidated balance sheets as of December 31, 2024 and 2023, respectively. We recognized a net realized gain of $ 1 million in gain (loss) on investment, net on our consolidated statement of operations during the periods ending December 31, 2024 and 2023 and recognized an immaterial net realized gain (loss) during the same period ending December 31, 2022. </context> | us-gaap:OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax |
We recognized a net unrealized gain of $ 4 million and $ 1 million in accumulated other comprehensive income (loss) on the consolidated balance sheets as of December 31, 2024 and 2023, respectively. We recognized a net realized gain of $ 1 million in gain (loss) on investment, net on our consolidated statement of operations during the periods ending December 31, 2024 and 2023 and recognized an immaterial net realized gain (loss) during the same period ending December 31, 2022. | text | immaterial | monetaryItemType | text: <entity> immaterial </entity> <entity type> monetaryItemType </entity type> <context> We recognized a net unrealized gain of $ 4 million and $ 1 million in accumulated other comprehensive income (loss) on the consolidated balance sheets as of December 31, 2024 and 2023, respectively. We recognized a net realized gain of $ 1 million in gain (loss) on investment, net on our consolidated statement of operations during the periods ending December 31, 2024 and 2023 and recognized an immaterial net realized gain (loss) during the same period ending December 31, 2022. </context> | us-gaap:DebtSecuritiesRealizedGainLoss |
of the FASB Codification. Our share of our equity method investees’ financial results is included in other income on our consolidated statement of operations. We recognized an unrealized gain of $ 5 million on one of our equity method investments related to its issuance of additional shares upon the closing of a subsequent financing round in gain (loss) on investment, net on our consolidated statement of operations during the year ending December 31, 2022. | text | 5 | monetaryItemType | text: <entity> 5 </entity> <entity type> monetaryItemType </entity type> <context> of the FASB Codification. Our share of our equity method investees’ financial results is included in other income on our consolidated statement of operations. We recognized an unrealized gain of $ 5 million on one of our equity method investments related to its issuance of additional shares upon the closing of a subsequent financing round in gain (loss) on investment, net on our consolidated statement of operations during the year ending December 31, 2022. </context> | us-gaap:IncomeLossFromEquityMethodInvestments |
We have an approximate 10 % ownership interest in the TWA Flight Center Hotel at JFK, which is accounted for under the measurement alternative described above. We did not record any material gains or losses on our TWA Flight Center Hotel during the twelve months ended December 31, 2024, 2023, or 2022. | text | 10 | percentItemType | text: <entity> 10 </entity> <entity type> percentItemType </entity type> <context> We have an approximate 10 % ownership interest in the TWA Flight Center Hotel at JFK, which is accounted for under the measurement alternative described above. We did not record any material gains or losses on our TWA Flight Center Hotel during the twelve months ended December 31, 2024, 2023, or 2022. </context> | us-gaap:MinorityInterestOwnershipPercentageByNoncontrollingOwners |
In accordance with the terms of the Merger Agreement, on a monthly basis between January 2023 and February 2024, JetBlue paid to the holders of record of outstanding Spirit shares an amount in cash equal to $ 0.10 per Spirit share (such amount, the "Additional Prepayment Amount", and each such monthly payment, an "Additional Prepayment"). In 2024, JetBlue made an aggregate of $ 22 million in Additional Prepayments to Spirit shareholders resulting in a total prepayment of $ 425 million. These Additional Prepayments were written off in March 2024, in addition to the $ 25 million reimbursement payment to Spirit in connection with the Frontier transaction costs as a result of the termination of the Merger Agreement. The write off is recorded in special items on the consolidated statement of operations. | text | 22 | monetaryItemType | text: <entity> 22 </entity> <entity type> monetaryItemType </entity type> <context> In accordance with the terms of the Merger Agreement, on a monthly basis between January 2023 and February 2024, JetBlue paid to the holders of record of outstanding Spirit shares an amount in cash equal to $ 0.10 per Spirit share (such amount, the "Additional Prepayment Amount", and each such monthly payment, an "Additional Prepayment"). In 2024, JetBlue made an aggregate of $ 22 million in Additional Prepayments to Spirit shareholders resulting in a total prepayment of $ 425 million. These Additional Prepayments were written off in March 2024, in addition to the $ 25 million reimbursement payment to Spirit in connection with the Frontier transaction costs as a result of the termination of the Merger Agreement. The write off is recorded in special items on the consolidated statement of operations. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
In accordance with the terms of the Merger Agreement, on a monthly basis between January 2023 and February 2024, JetBlue paid to the holders of record of outstanding Spirit shares an amount in cash equal to $ 0.10 per Spirit share (such amount, the "Additional Prepayment Amount", and each such monthly payment, an "Additional Prepayment"). In 2024, JetBlue made an aggregate of $ 22 million in Additional Prepayments to Spirit shareholders resulting in a total prepayment of $ 425 million. These Additional Prepayments were written off in March 2024, in addition to the $ 25 million reimbursement payment to Spirit in connection with the Frontier transaction costs as a result of the termination of the Merger Agreement. The write off is recorded in special items on the consolidated statement of operations. | text | 425 | monetaryItemType | text: <entity> 425 </entity> <entity type> monetaryItemType </entity type> <context> In accordance with the terms of the Merger Agreement, on a monthly basis between January 2023 and February 2024, JetBlue paid to the holders of record of outstanding Spirit shares an amount in cash equal to $ 0.10 per Spirit share (such amount, the "Additional Prepayment Amount", and each such monthly payment, an "Additional Prepayment"). In 2024, JetBlue made an aggregate of $ 22 million in Additional Prepayments to Spirit shareholders resulting in a total prepayment of $ 425 million. These Additional Prepayments were written off in March 2024, in addition to the $ 25 million reimbursement payment to Spirit in connection with the Frontier transaction costs as a result of the termination of the Merger Agreement. The write off is recorded in special items on the consolidated statement of operations. </context> | us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired |
In accordance with the terms of the Merger Agreement, on a monthly basis between January 2023 and February 2024, JetBlue paid to the holders of record of outstanding Spirit shares an amount in cash equal to $ 0.10 per Spirit share (such amount, the "Additional Prepayment Amount", and each such monthly payment, an "Additional Prepayment"). In 2024, JetBlue made an aggregate of $ 22 million in Additional Prepayments to Spirit shareholders resulting in a total prepayment of $ 425 million. These Additional Prepayments were written off in March 2024, in addition to the $ 25 million reimbursement payment to Spirit in connection with the Frontier transaction costs as a result of the termination of the Merger Agreement. The write off is recorded in special items on the consolidated statement of operations. | text | 25 | monetaryItemType | text: <entity> 25 </entity> <entity type> monetaryItemType </entity type> <context> In accordance with the terms of the Merger Agreement, on a monthly basis between January 2023 and February 2024, JetBlue paid to the holders of record of outstanding Spirit shares an amount in cash equal to $ 0.10 per Spirit share (such amount, the "Additional Prepayment Amount", and each such monthly payment, an "Additional Prepayment"). In 2024, JetBlue made an aggregate of $ 22 million in Additional Prepayments to Spirit shareholders resulting in a total prepayment of $ 425 million. These Additional Prepayments were written off in March 2024, in addition to the $ 25 million reimbursement payment to Spirit in connection with the Frontier transaction costs as a result of the termination of the Merger Agreement. The write off is recorded in special items on the consolidated statement of operations. </context> | us-gaap:OtherPaymentsToAcquireBusinesses |
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