7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 
      
    		                 
      cash flows from operating activities:
    		                 
      net income
    		-77,000,000 -70,000,000 -43,000,000 54,000,000 26,000,000 31,000,000 -26,000,000 71,000,000 -13,000,000 40,000,000 31,000,000 13,000,000 -121,000,000 -53,000,000 23,000,000 19,000,000 -91,000,000 
      adjustments to reconcile net income to cash from operating activities:
    		                 
      deferred income taxes
    		1,000,000 0 3,000,000  0 1,000,000 2,000,000 17,000,000 -4,000,000 10,000,000 27,000,000 -5,000,000 -40,000,000 -23,000,000 18,000,000 -5,000,000 -22,000,000 
      depreciation and amortization
    		24,000,000 21,000,000 20,000,000 19,000,000 19,000,000 18,000,000 16,000,000 12,000,000 11,000,000 9,000,000 8,000,000 15,000,000 13,000,000 10,000,000 10,000,000 10,000,000 8,000,000 
      gains recognized on sale-leaseback transactions
    		-67,000,000 -34,000,000 -56,000,000 -76,000,000 -70,000,000 -77,000,000 -71,000,000 -17,000,000 -40,000,000 -38,000,000 -21,000,000 -21,000,000 -7,000,000 -5,000,000 -19,000,000 -21,000,000 -15,000,000 
      stock-based compensation
    		5,000,000 6,000,000 5,000,000 4,000,000 3,000,000 5,000,000 4,000,000 3,000,000 4,000,000 4,000,000 4,000,000 4,000,000 3,000,000 3,000,000 3,000,000 2,000,000 3,000,000 
      loss on extinguishment of debt
    		   0      0 0 0 7,000,000     
      changes in operating assets and liabilities:
    		                 
      accounts receivable
    		5,000,000 -9,000,000 -16,000,000 75,000,000 -52,000,000 3,000,000 -4,000,000 9,000,000 19,000,000 -22,000,000 0 3,000,000 -9,000,000 1,000,000 3,000,000 2,000,000 -20,000,000 
      supplies and other current assets
    		-36,000,000 2,000,000 6,000,000 16,000,000 3,000,000 -3,000,000 4,000,000   -5,000,000 -1,000,000 -21,000,000 -13,000,000 161,000,000 6,000,000 20,000,000 -13,000,000 
      aircraft maintenance deposits
    		   0 0 86,000,000 -4,000,000 -5,000,000 -4,000,000 -4,000,000 -4,000,000 -6,000,000 -4,000,000 -6,000,000 -6,000,000 -4,000,000 -4,000,000 
      other long-term assets
    		-76,000,000 -54,000,000 -49,000,000 -48,000,000 -37,000,000 -57,000,000 -48,000,000 -56,000,000 -37,000,000 -26,000,000 -26,000,000 -25,000,000 -17,000,000 -13,000,000 -9,000,000 -7,000,000 -8,000,000 
      accounts payable
    		-20,000,000 47,000,000 4,000,000 -17,000,000 -7,000,000 4,000,000 5,000,000 14,000,000 -8,000,000 9,000,000 -21,000,000 3,000,000 5,000,000 -3,000,000 14,000,000 -4,000,000 6,000,000 
      air traffic liability
    		1,000,000 -34,000,000 64,000,000 2,000,000 -31,000,000 -5,000,000 75,000,000 -71,000,000 111,000,000 17,000,000 -76,000,000 9,000,000 90,000,000 21,000,000 -82,000,000 104,000,000 95,000,000 
      other liabilities
    		25,000,000 -8,000,000 -24,000,000 60,000,000 -11,000,000 3,000,000 25,000,000 4,000,000 -64,000,000 100,000,000 -26,000,000 50,000,000 6,000,000 27,000,000 -107,000,000 93,000,000 71,000,000 
      cash from operating activities
    		-215,000,000 -133,000,000 -86,000,000 87,000,000 -156,000,000 9,000,000 -22,000,000 -9,000,000 -25,000,000 94,000,000 -105,000,000 20,000,000 -87,000,000 120,000,000 -146,000,000 212,000,000 30,000,000 
      cash flows from investing activities:
    		                 
      capital expenditures
    		-2,000,000 -33,000,000 -18,000,000 -14,000,000 -14,000,000 -31,000,000 -17,000,000 -12,000,000 -11,000,000 -10,000,000 -17,000,000 -7,000,000 -7,000,000 -7,000,000 -8,000,000 -9,000,000 -3,000,000 
      free cash flows
    		-217,000,000 -166,000,000 -104,000,000 73,000,000 -170,000,000 -22,000,000 -39,000,000 -21,000,000 -36,000,000 84,000,000 -122,000,000 13,000,000 -94,000,000 113,000,000 -154,000,000 203,000,000 27,000,000 
      pre-delivery deposits for flight equipment, net of refunds
    		-43,000,000 -51,000,000 -11,000,000 -14,000,000 2,000,000 2,000,000 13,000,000 -32,000,000 23,000,000 -25,000,000 -45,000,000 -16,000,000 -25,000,000 -64,000,000 3,000,000 13,000,000 12,000,000 
      other
    		   -1,000,000 0 2,000,000 -3,000,000 1,000,000 -2,000,000   -1,000,000 -1,000,000 0 -1,000,000 -1,000,000 -2,000,000 
      cash from investing activities
    		-45,000,000 -84,000,000 -29,000,000 -29,000,000 -12,000,000 -27,000,000 -7,000,000 -43,000,000 10,000,000 -37,000,000 -60,000,000 -24,000,000 -33,000,000 -71,000,000 -6,000,000 3,000,000 7,000,000 
      cash flows from financing activities:
    		                 
      proceeds from issuance of debt, net of issuance costs
    		253,000,000 68,000,000 33,000,000 58,000,000 276,000,000 73,000,000 69,000,000 16,000,000 36,000,000 59,000,000 73,000,000       
      principal repayments on debt
    		-145,000,000 -15,000,000 -28,000,000 -27,000,000 -259,000,000 -87,000,000 -74,000,000 -13,000,000 -38,000,000 -51,000,000 -26,000,000 -24,000,000 -165,000,000 0 -37,000,000 -38,000,000 -22,000,000 
      proceeds from sale-leaseback transactions
    		155,000,000 41,000,000 52,000,000 79,000,000 69,000,000 68,000,000 48,000,000 38,000,000 51,000,000 22,000,000 26,000,000   16,000,000 16,000,000 14,000,000 13,000,000 
      proceeds from the exercise of stock options
    		0 0 6,000,000 0 0 0 1,000,000           
      tax withholdings on share-based awards
    		0 0 -2,000,000 -4,000,000 0 0 -2,000,000           
      cash from financing activities
    		263,000,000 94,000,000 61,000,000 106,000,000 86,000,000 54,000,000 42,000,000 42,000,000 44,000,000 30,000,000 73,000,000 43,000,000 -71,000,000 67,000,000 18,000,000 292,000,000 14,000,000 
      net decrease in cash, cash equivalents and restricted cash
    		                 
      cash, cash equivalents and restricted cash, beginning of period
    		0 0 740,000,000 0 0 0 609,000,000 0 761,000,000 0 0 0 918,000,000 0 0 0 378,000,000 
      cash, cash equivalents and restricted cash, end of period
    		3,000,000 -123,000,000 686,000,000 164,000,000 -82,000,000 36,000,000 622,000,000 -10,000,000 790,000,000 87,000,000 -92,000,000 39,000,000 727,000,000 116,000,000 -134,000,000 507,000,000 429,000,000 
      net increase in cash, cash equivalents and restricted cash
    		 -123,000,000 -54,000,000   36,000,000 13,000,000 -10,000,000 29,000,000 87,000,000 -92,000,000 39,000,000 -191,000,000 116,000,000 -134,000,000 507,000,000 51,000,000 
      amortization of cash flow hedges, net of tax
    		                 
      warrant liability unrealized loss
    		             0 0 2,000,000 20,000,000 
      proceeds from initial public offering, net of offering costs, underwriting discounts and commissions
    		                 
      minimum tax withholdings on share-based awards
    		       0 -5,000,000 -1,000,000 0 0 -3,000,000  0 0 -3,000,000 
      cash flows from operating leases
    		                 
      amortization of swaption cash flow hedges, net of tax
    		          0   0 0   
      proceeds from initial public offering, net of offering costs and underwriting discounts
    		              0   
      proceeds from issuance of debt
    		            97,000,000 48,000,000 39,000,000 50,000,000 26,000,000 
      cash flows for derivative instruments
    		                 
      dividends paid
    		                 
      losses from de-designated derivative positions
    		                 
      cash flows from derivative instruments
    		                 
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.