ULCC: the balance sheet

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For the quarter ending 2025-09-30, ULCC has $6,701M in assets. $6,267M in debts. $566M in cash and cash equivalents.

Unit: Million (M) dollars (except for numbers of shares and EPS)

Balance Sheets	2025-09-30	2025-06-30
Cash and cash equivalents	566	563
Accounts receivable, net	93	98
Supplies, net	90	86
Other current assets	98	85
Total current assets	847	832
Property and equipment, net	492	458
Operating lease right-of-use assets	4,321	4,270
Pre-delivery deposits for flight equipment	509	466
Intangible assets, net	27	27
Other assets	505	471
Total assets	6,701	6,524

Accounts payable	159	169
Air traffic liability	325	324
Frequent flyer liability	18	18
Current maturities of long-term debt, net	363	326
Current maturities of operating leases	718	700
Other current liabilities	527	508
Total current liabilities	2,110	2,045
Long-term debt, net	305	234
Long-term operating leases	3,646	3,610
Long-term frequent flyer liability	36	34
Other long-term liabilities	170	95
Total liabilities	6,267	6,018
Additional paid-in capital	434	429
Retained earnings	6	83
Accumulated other comprehensive income (loss)	-6	-6
Total stockholders equity	434	506
Total liabilities and stockholders equity	6,701	6,524