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Condensed Statements Of Cash Flows (unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Operating activities:    
Net income $ 216,386 $ 242,820
Adjustments to reconcile net income to net cash provided by operations:    
Unrealized losses on open derivative contracts, net 0 2,239
Losses reclassified from other comprehensive income 267 0
Equity-based compensation 5,503 6,999
Allowance for doubtful accounts 213 7
Amortization of deferred gains and losses 3,837 730
Depreciation and amortization 73,370 51,630
Deferred income tax expense 77,627 63,960
Loss on disposal of assets 1,166 1,300
Lease termination cost 31,609 0
Changes in operating assets and liabilities:    
Accounts receivable (7,840) (10,374)
Aircraft maintenance deposits (38,299) (17,488)
Prepaid income taxes 66,218 0
Long-term deposits and other assets (43,252) (44,294)
Accounts payable (7,044) 2,340
Air traffic liability 21,684 56,960
Other liabilities 38,596 12,161
Net cash provided by operating activities 440,041 368,990
Investing activities:    
Proceeds from sale of property and equipment 50 0
Capitalized interest (7,032) (2,707)
Pre-delivery deposits for flight equipment, net of refunds (109,260) (87,658)
Purchase of investment securities (100,076) 0
Purchase of property and equipment (447,455) (451,799)
Net cash used in investing activities (663,773) (542,164)
Financing activities:    
Proceeds from issuance of long-term debt 378,569 416,000
Proceeds from stock options exercised 92 32
Payments on debt and capital lease obligations (29,663) (16,609)
Proceeds from sale and leaseback transactions 0 7,300
Excess tax benefit (deficiency) from equity-based compensation (497) 8,818
Repurchase of common stock (102,390) (112,162)
Debt issuance costs (107) (14,092)
Net cash provided by financing activities 246,004 289,287
Net increase in cash and cash equivalents 22,272 116,113
Cash and cash equivalents at beginning of period 803,632 632,784
Cash and cash equivalents at end of period 825,904 748,897
Cash payments for:    
Interest, net of capitalized interest 26,025 3,851
Income taxes paid, net of refunds $ (18,169) $ 95,135