ULCC: the balance sheet

MyFinsight

For the quarter ending 2026-03-31, ULCC has $7,017M in assets. $6,795M in debts. $772M in cash and cash equivalents.

Balance Sheets	2026-03-31	2025-12-31	2025-09-30	2025-06-30
Cash and cash equivalents	772	671	566	563
Accounts receivable, net	118	85	93	98
Supplies, net	106	90	90	86
Other current assets	102	112	98	85
Total current assets	1,098	958	847	832
Property and equipment, net	485	510	492	458
Operating lease right-of-use assets	4,599	4,806	4,321	4,270
Pre-delivery deposits for flight equipment	383	428	509	466
Indefinite-lived intangible assets	-	26	-	-
Finite-lived intangible assets	-	16	-	-
Gross carrying amount	-	42	-	-
Accumulated amortization	-	15	-	-
Intangible assets, net	27	27	27	27
Other assets	425	491	505	471
Total assets	7,017	7,220	6,701	6,524

Accounts payable	115	130	159	169
Air traffic liability	459	352	325	324
Frequent flyer liability	21	16	18	18
Current maturities of long-term debt, net	240	301	363	326
Current maturities of operating leases	793	779	718	700
Other current liabilities	610	525	527	508
Total current liabilities	2,238	2,103	2,110	2,045
Long-term debt, net	343	313	305	234
Long-term operating leases	3,872	4,070	3,646	3,610
Long-term frequent flyer liability	45	44	36	34
Other long-term liabilities	297	199	170	95
Total liabilities	6,795	6,729	6,267	6,018
Additional paid-in capital	440	437	434	429
Retained earnings (accumulated deficit)	-213	59	6	83
Accumulated other comprehensive income (loss)	-5	-5	-6	-6
Total stockholders equity	222	491	434	506
Total liabilities and stockholders equity	7,017	7,220	6,701	6,524

Unit: Million (M) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.