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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating Revenue $ 1,037,156 $ 861,300
Operating Expenses    
Salaries, wages and benefits 298,019 202,614
Aircraft fuel 244,337 163,551
Maintenance, materials and repairs 118,899 121,133
Depreciation and amortization 72,202 67,789
Travel 42,768 37,672
Navigation fees, landing fees and other rent 39,354 44,887
Passenger and ground handling services 34,936 40,065
Aircraft rent 12,995 20,756
Loss (gain) on disposal of flight equipment (6,240) 16
Special charge 2,633 0
Transaction-related expenses 0 201
Other 55,857 58,412
Total Operating Expenses 915,760 757,096
Operating Income 121,396 104,204
Non-operating Expenses (Income)    
Interest income (240) (211)
Interest expense 20,423 27,180
Capitalized interest (3,764) (1,271)
Unrealized loss on financial instruments 0 113
Other (income) expense, net (618) (39,456)
Total Non-operating Expenses (Income) 15,801 (13,645)
Income before income taxes 105,595 117,849
Income tax expense 24,084 27,916
Net Income $ 81,511 $ 89,933
Earnings per share:    
Basic $ 2.82 $ 3.16
Diluted $ 2.38 $ 3.05
Weighted average shares:    
Basic 28,854 28,491
Diluted 34,690 29,478