XML 13 R2.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Operations (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating revenues:        
Revenues $ 401,922,000 $ 991,968,000 $ 1,311,532,000 $ 2,860,720,000
Operating expenses:        
Aircraft fuel 94,285,000 253,847,000 327,403,000 748,489,000
Salaries, wages and benefits 228,370,000 224,069,000 682,429,000 644,345,000
Landing fees and other rents 76,526,000 69,142,000 183,995,000 193,502,000
Depreciation and amortization 71,351,000 57,712,000 206,455,000 163,351,000
Aircraft rent 49,379,000 40,026,000 143,781,000 132,330,000
Distribution 17,882,000 39,160,000 62,977,000 115,481,000
Maintenance, materials and repairs 28,213,000 36,152,000 81,516,000 102,444,000
Loss on disposal of assets 0 13,410,000 0 16,873,000
Special credits (148,308,000) 0 (300,219,000) 0
Other operating 83,695,000 133,769,000 271,042,000 367,482,000
Total operating expenses 501,393,000 867,287,000 1,659,379,000 2,484,297,000
Operating income (loss) (99,471,000) 124,681,000 (347,847,000) 376,423,000
Other (income) expense:        
Interest expense 33,435,000 25,138,000 85,105,000 75,375,000
Capitalized interest (4,009,000) (3,400,000) (11,430,000) (8,932,000)
Interest income (454,000) (6,292,000) (5,996,000) (20,282,000)
Other (income) expense 77,000 222,000 124,000 599,000
Total other (income) expense 29,049,000 15,668,000 67,803,000 46,760,000
Income (loss) before income taxes (128,520,000) 109,013,000 (415,650,000) 329,663,000
Provision (benefit) for income taxes (29,380,000) 25,549,000 (144,254,000) 75,622,000
Net income (loss) $ (99,140,000) $ 83,464,000 $ (271,396,000) $ 254,041,000
Basic earnings (loss) per share (in dollars per share) $ (1.07) $ 1.22 $ (3.38) $ 3.71
Diluted earnings (loss) per share (in dollars per share) $ (1.07) $ 1.22 $ (3.38) $ 3.71
Passenger        
Operating revenues:        
Revenues $ 392,744,000 $ 973,353,000 $ 1,277,111,000 $ 2,805,848,000
Other        
Operating revenues:        
Revenues $ 9,178,000 $ 18,615,000 $ 34,421,000 $ 54,872,000