Current report filing

DEBT, Schedule of Debt (Details)

v3.20.1
DEBT, Schedule of Debt (Details) - USD ($)
$ in Thousands
Mar. 31, 2020
Dec. 31, 2019
Oct. 31, 2019
Sep. 30, 2019
Jul. 24, 2019
May 10, 2019
Mar. 31, 2019
Debt [Abstract]              
Total debt $ 561,124           $ 1,448,624
Unamortized debt issuance cost 0           (21,771)
Total debt, net 561,124           1,426,853
Less short-term borrowings and current maturities of long-term debt (45,739)           (1,418,630)
Total long-term debt 515,385           8,223
Interest rate     8.75%     8.75%  
Adjustment of debt $ 57,700            
8.75% Senior Secured Notes due 2023              
Debt [Abstract]              
Interest rate       8.75%      
6.25% Senior Notes due 2022              
Debt [Abstract]              
Interest rate     6.25%        
4.5% Convertible Senior Notes due 2023              
Debt [Abstract]              
Interest rate 4.50%   4.50%        
DIP Credit Agreement              
Debt [Abstract]              
Total debt         $ 150,000    
Lombard Debt              
Debt [Abstract]              
Adjustment of debt   $ 30,000          
PK Air Debt              
Debt [Abstract]              
Total debt $ 230,000            
Senior Notes | 8.75% Senior Secured Notes due 2023              
Debt [Abstract]              
Total debt [1],[2] $ 0           $ 347,400
Interest rate 8.75%           8.75%
Senior Notes | 6.25% Senior Notes due 2022              
Debt [Abstract]              
Total debt [2] $ 0           $ 401,535
Interest rate 6.25%           6.25%
Convertible Debt | 4.5% Convertible Senior Notes due 2023              
Debt [Abstract]              
Total debt [2],[3] $ 0           $ 112,944
Interest rate 4.50%           4.50%
Secured Debt | 8.75% Senior Secured Notes due 2023              
Debt [Abstract]              
Interest rate     8.75%        
Secured Debt | Lombard Debt              
Debt [Abstract]              
Total debt [4] $ 136,180           $ 183,450
Secured Debt | Macquarie Debt              
Debt [Abstract]              
Total debt [4] 148,165           171,028
Secured Debt | PK Air Debt              
Debt [Abstract]              
Total debt [4] 207,326           212,041
Other Debt | Macquarie Debt              
Debt [Abstract]              
Adjustment of debt   11,700          
Other Debt | PK Air Debt              
Debt [Abstract]              
Adjustment of debt   13,300          
Other Debt | Airnorth Debt              
Debt [Abstract]              
Total debt [4] 7,618           11,058
Adjustment of debt   $ 700          
Other Debt | Humberside Debt              
Debt [Abstract]              
Total debt 335           0
Other Debt | Other Debt              
Debt [Abstract]              
Total debt 0           9,168
Term Loan              
Debt [Abstract]              
Total debt $ 61,500           $ 0
[1] The carrying value is net of unamortized discount of $2.6 million as of March 31, 2019 (Predecessor).
[2] These debt instruments were settled in accordance with the Plan. See Note 8 for further details.
[3] The carrying value is net of unamortized discount of $30.8 million as of March 31, 2019 (Predecessor).
[4] In connection with the Company's emergence from bankruptcy and the application of ASC 852, the Company adjusted debt to its respective fair value at the Effective Date by a reduction of $57.7 million. The unamortized discounts as of March 31, 2020 (Successor) were as follows: $26.4 million for the Lombard Debt, $11.1 million for the Macquarie Debt, $12.6 million for the PK Air Debt and $0.6 million for the Airnorth Debt.