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Condensed Statements of Cash Flows (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities:    
Net income (loss) $ (27,828,000) $ 56,076,000
Adjustments to reconcile net income (loss) to net cash provided by operations:    
Losses reclassified from other comprehensive income 65,000 74,000
Share-based compensation 3,790,000 3,671,000
Amortization of deferred gains, losses and debt issuance costs 2,106,000 2,289,000
Depreciation and amortization 65,991,000 50,726,000
Deferred income tax expense 36,367,000 11,647,000
Loss on disposal of assets 0 1,913,000
Changes in operating assets and liabilities:    
Accounts receivable, net 39,910,000 (23,285,000)
Aircraft maintenance deposits, net (1,330,000) (2,559,000)
Long-term deposits and other assets (666,000) 20,735,000
Deferred heavy maintenance, net (35,564,000) (44,161,000)
Income tax receivable (83,213,000) 0
Accounts payable 14,854,000 (13,543,000)
Air traffic liability 95,876,000 111,020,000
Other liabilities (75,541,000) 30,712,000
Other (235,000) (164,000)
Net cash provided by operating activities 34,582,000 205,151,000
Investing activities:    
Purchase of available-for-sale investment securities (24,036,000) (26,476,000)
Proceeds from the maturity and sale of available-for-sale investment securities 23,600,000 26,085,000
Pre-delivery deposits on flight equipment, net of refunds (123,044,000) (37,913,000)
Capitalized interest (2,860,000) (2,276,000)
Assets under construction for others (2,057,000) (262,000)
Purchase of property and equipment (195,371,000) (63,109,000)
Net cash used in investing activities (323,768,000) (103,951,000)
Financing activities:    
Proceeds from issuance of long-term debt 168,981,000 59,706,000
Proceeds from stock options exercised 16,000 0
Payments on debt obligations (42,561,000) (37,901,000)
Payments on finance lease obligations (24,846,000) (239,000)
Reimbursement for assets under construction for others 2,095,000 262,000
Repurchase of common stock (1,536,000) (5,223,000)
Debt issuance costs (3,695,000) (399,000)
Net cash provided by financing activities 98,454,000 16,206,000
Net increase (decrease) in cash and cash equivalents (190,732,000) 117,406,000
Cash and cash equivalents at beginning of period 978,957,000 1,004,733,000
Cash and cash equivalents at end of period 788,225,000 1,122,139,000
Cash payments for:    
Interest, net of capitalized interest 17,702,000 19,167,000
Income taxes paid (received), net (1,497,000) 816,000
Cash paid for amounts included in the measurement of lease liabilities:    
Operating cash flows for operating leases 50,805,000 47,577,000
Financing cash flows for finance leases 113,000 29,000
Non-cash transactions:    
Capital expenditures funded by finance lease borrowings 0 1,492,000
Capital expenditures funded by operating lease borrowings $ 85,787,000 $ 128,191,000