Quarterly report pursuant to Section 13 or 15(d)

LEASES

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LEASES
 6 Months Ended
Jun. 30, 2022
Leases [Abstract]  
LEASES LEASES
Leases primarily pertain to certain controlled aircraft, corporate headquarters, and operational facilities, including aircraft hangars, which are primarily accounted for as operating leases. We sublease the corporate headquarters and aircraft hangar at Cincinnati/Northern Kentucky International Airport from Delta Air Lines, Inc. (“Delta”).
We have certain variable lease agreements with aircraft owners that contain payment terms based on an hourly lease rate multiplied by the number of flight hours during a month. Variable lease payments were $4.6 million and $9.0 million for the three and six months ended June 30, 2022, respectively, and $4.3 million and $8.9 million for the three and six months ended June 30, 2021, respectively.
The components of net lease cost were as follows (in thousands):
Three Months Ended June 30, Six Months Ended June 30,
2022 2021 2022 2021
Operating lease costs $ 9,723  $ 9,703  $ 18,825  $ 17,257 
Short-term lease costs 9,221  5,760  14,514  12,808 
Total lease costs $ 18,944  $ 15,463  $ 33,339  $ 30,065 
Costs related to leased aircraft and operational facilities were $15.8 million and $28.3 million for the three and six months ended June 30, 2022, respectively, and $13.7 million and $26.8 million for the three and six months ended June 30, 2021, respectively, and are included in cost of revenue in the condensed consolidated statements of operations. Costs related to leased corporate headquarters and other office space including expenses for non-lease components were $3.1 million and $5.1 million for the three and six months ended June 30, 2022, respectively, and $1.6 million and $3.2 million for the three and six months ended June 30, 2021, respectively, and are included in general and administrative expense in the condensed consolidated statements of operations.
Supplemental cash flow information related to leases were as follows (in thousands):
Six Months Ended June 30,
2022 2021
Cash paid for amounts included in the measurement of operating lease liabilities:
Operating cash flows paid for operating leases $ 18,962  $ 17,711 
Right-of-use assets obtained in exchange for operating lease obligations $ 42,087  $ 64,518 
Supplemental balance sheet information related to leases are as follows:
June 30, 2022 December 31, 2021
Weighted-average remaining lease term (in years):
Operating leases 6.0 6.4
Weighted-average discount rate:
Operating leases 9.1  % 9.5  %
Maturities of lease liabilities, as of June 30, 2022, were as follows (in thousands):
Year ending December 31, Operating Leases
2022 $ 19,301 
2023 36,663 
2024 31,271 
2025 18,041 
2026 11,249 
Thereafter 42,484 
Total lease payments 159,009 
Less: Imputed interest (39,830)
Total lease obligations $ 119,179