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Condensed Statements of Operations (unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating revenues:        
Revenues $ 138,529,000 $ 1,012,956,000 $ 909,610,000 $ 1,868,752,000
Operating expenses:        
Aircraft fuel 19,910,000 265,006,000 233,118,000 494,642,000
Salaries, wages and benefits 213,579,000 216,375,000 454,059,000 420,276,000
Landing fees and other rents 40,348,000 64,711,000 107,469,000 124,360,000
Depreciation and amortization 69,113,000 54,913,000 135,104,000 105,639,000
Aircraft rent 49,256,000 46,522,000 94,402,000 92,304,000
Distribution 11,352,000 40,602,000 45,095,000 76,321,000
Maintenance, materials and repairs 19,227,000 34,688,000 53,303,000 66,292,000
Loss on disposal of assets 0 1,550,000 0 3,463,000
Special credits (151,911,000) 0 (151,911,000) 0
Other operating 58,039,000 124,651,000 187,347,000 233,713,000
Total operating expenses 328,913,000 849,018,000 1,157,986,000 1,617,010,000
Operating income (loss) (190,384,000) 163,938,000 (248,376,000) 251,742,000
Other (income) expense:        
Interest expense 27,792,000 25,266,000 51,670,000 50,237,000
Capitalized interest (3,757,000) (2,975,000) (7,421,000) (5,532,000)
Interest income (1,949,000) (7,066,000) (5,542,000) (13,990,000)
Other (income) expense 66,000 144,000 47,000 377,000
Total other (income) expense 22,152,000 15,369,000 38,754,000 31,092,000
Income (loss) before income taxes (212,536,000) 148,569,000 (287,130,000) 220,650,000
Provision (benefit) for income taxes (68,108,000) 34,068,000 (114,874,000) 50,073,000
Net income (loss) $ (144,428,000) $ 114,501,000 $ (172,256,000) $ 170,577,000
Basic earnings (loss) per share (in dollars per share) $ (1.81) $ 1.67 $ (2.33) $ 2.49
Diluted earnings (loss) per share (in dollars per share) $ (1.81) $ 1.67 $ (2.33) $ 2.49
Passenger        
Operating revenues:        
Revenues $ 130,817,000 $ 994,430,000 $ 884,367,000 $ 1,832,495,000
Other        
Operating revenues:        
Revenues $ 7,712,000 $ 18,526,000 $ 25,243,000 $ 36,257,000