Annual report [Section 13 and 15(d), not S-K Item 405]

LEASES (Tables)

v3.25.4
LEASES (Tables)
 12 Months Ended
Dec. 31, 2025
Leases [Abstract]  
Schedule of Lease Cost Terms and Rent Expense
Operating leases for the periods reflected in the table below were as follows (in thousands, except years and percentages):
Year Ended December 31, 2025 Year Ended December 31, 2024 Year Ended December 31, 2023
Cash paid for operating leases $ 114,772 $ 109,244 $ 106,408
ROU assets obtained in exchange for lease obligations $ 72,813 $ 73,290 $ 135,650
Weighted average remaining lease term
5 years
4 years
5 years
Weighted average discount rate 6.73  % 6.58  % 6.38  %
Rent expense for the periods reflected in the table below were as follows (in thousands):
  Year Ended December 31, 2025 Year Ended December 31, 2024 Year Ended December 31, 2023
Rent expense under all operating leases $ 109,688  $ 107,356  $ 102,729 
Rent expense under operating leases for aircraft $ 86,546  $ 86,581  $ 80,889 
Schedule of Lessee, Operating Lease, Liability, Maturity
As of December 31, 2025, aggregate future payments under all non-cancelable operating leases that have initial or remaining terms in excess of one year, including leases for aircraft, are as follows (in thousands):
Aircraft Other Total
Year Ended December 31,
2026 $ 79,087  $ 11,253  $ 90,340 
2027 60,835  8,017  68,852 
2028 44,542  6,650  51,192 
2029 25,880  4,410  30,290 
2030 18,744  1,945  20,689 
Thereafter 52,720  8,969  61,689 
$ 281,808  $ 41,244  $ 323,052