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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating Revenue $ 825,253 $ 663,918 $ 1,468,755 $ 1,343,601
Operating Expenses        
Salaries, wages and benefits 192,591 141,450 340,335 286,924
Aircraft fuel 83,242 122,158 191,560 228,479
Travel 34,627 46,374 77,018 91,403
Navigation fees, landing fees and other rent 35,638 37,982 67,039 78,198
Passenger and ground handling services 30,130 30,525 62,089 62,685
Aircraft rent 24,316 40,335 48,283 82,223
Loss (gain) on disposal of aircraft 2 0 (6,715) 0
Special charge 15,934 3,269 15,934 3,269
Transaction-related expenses 1,275 734 1,796 3,261
Other 52,710 54,961 103,822 106,054
Total Operating Expenses 704,591 654,948 1,287,023 1,287,757
Operating Income 120,662 8,970 181,732 55,844
Non-operating Expenses (Income)        
Interest income (224) (1,278) (704) (3,322)
Interest expense 28,950 30,045 58,225 60,398
Capitalized interest (132) (627) (325) (1,090)
Loss on early extinguishment of debt 74 0 74 245
Unrealized loss (gain) on financial instruments 30,671 (42,300) 29,747 4,275
Other (income) expense, net (50,598) 945 (49,392) (2,030)
Total Non-operating Expenses (Income) 8,741 (13,215) 37,625 58,476
Income (loss) before income taxes 111,921 22,185 144,107 (2,632)
Income tax expense (benefit) 33,009 (64,683) 41,842 (59,790)
Net Income $ 78,912 $ 86,868 $ 102,265 $ 57,158
Earnings per share:        
Basic $ 3.02 $ 3.36 $ 3.93 $ 2.22
Diluted $ 3.01 $ 1.61 $ 3.92 $ 2.21
Weighted average shares:        
Basic 26,129 25,851 26,048 25,794
Diluted 26,182 26,953 26,074 25,921
Service [Member]        
Operating Expenses        
Maintenance, materials and repairs $ 168,300 $ 113,471 $ 262,452 $ 217,091
Depreciation and amortization $ 65,826 $ 63,689 $ 123,410 $ 128,170