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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities:      
Net income (loss) $ (447,464,000) $ (554,150,000) $ (472,569,000)
Adjustments to reconcile net loss to net cash provided by (used in) operations:      
Losses reclassified from other comprehensive income 314,000 199,000 226,000
Share-based compensation 11,963,000 11,483,000 12,536,000
Allowance for doubtful accounts (recoveries) 159,000 (108,000) (88,000)
Amortization of debt issuance costs 15,454,000 13,468,000 12,912,000
Depreciation and amortization 320,872,000 313,090,000 297,211,000
Accretion of convertible debt and 8.00% senior secured notes 4,210,000 1,421,000 1,272,000
Amortization of debt discount 8,145,000 13,962,000 0
Deferred income tax benefit (119,239,000) (148,611,000) (49,502,000)
Fixed asset impairment charges 0 333,691,000 0
Loss on disposal of assets 33,966,000 46,624,000 3,320,000
Loss (gain) on extinguishment of debt 0 0 331,630,000
Changes in operating assets and liabilities:      
Accounts receivable, net (8,351,000) (68,340,000) (85,800,000)
Deposits and other assets 4,215,000 (28,883,000) 47,855,000
Prepaid income taxes 0 0 156,000
Deferred heavy maintenance (202,926,000) (149,287,000) (74,083,000)
Income tax receivable 36,261,000 1,629,000 109,570,000
Accounts payable (34,051,000) 9,032,000 13,057,000
Air traffic liability (45,867,000) 47,301,000 (19,649,000)
Other liabilities 176,440,000 68,389,000 80,103,000
Other (762,000) 68,000 731,000
Net cash provided by (used in) operating activities (246,661,000) (89,022,000) 208,888,000
Investing activities:      
Purchase of available-for-sale investment securities (127,627,000) (110,690,000) (105,361,000)
Proceeds from the maturity and sale of available-for-sale investment securities 125,570,000 109,500,000 104,500,000
Proceeds from sale of property and equipment 230,788,000 0 0
Pre-delivery deposits on flight equipment, net of refunds 23,156,000 (8,498,000) (119,352,000)
Capitalized interest (21,860,000) (18,166,000) (17,258,000)
Assets under construction for others (10,972,000) (2,000) (1,207,000)
Purchase of property and equipment (255,563,000) (237,584,000) (213,767,000)
Net cash provided by (used in) investing activities (36,508,000) (265,440,000) (352,445,000)
Financing activities:      
Proceeds from issuance of long-term debt 457,950,000 591,000,000 614,496,000
Proceeds from issuance of common stock and warrants 0 0 375,662,000
Payments on debt obligations (337,475,000) (193,033,000) (956,788,000)
Payments for the early extinguishment of debt (323,251,000) 0 (317,905,000)
Payments on finance lease obligations (496,000) (842,000) (831,000)
Reimbursement for assets under construction for others 10,974,000 2,000 996,000
Repurchase of common stock (2,637,000) (2,359,000) (1,515,000)
Debt issuance costs (3,027,000) (3,471,000) (2,775,000)
Net cash provided by (used in) financing activities (197,962,000) 391,297,000 (288,660,000)
Net increase (decrease) in cash, cash equivalents, and restricted cash (481,131,000) 36,835,000 (432,217,000)
Cash, cash equivalents, and restricted cash at beginning of period [1] 1,465,742,000 1,428,907,000 1,861,124,000
Cash, cash equivalents, and restricted cash at end of period [1] 984,611,000 1,465,742,000 1,428,907,000
Cash payments for:      
Interest, net of capitalized interest 138,380,000 107,443,000 135,500,000
Income taxes paid (received), net (32,854,000) (82,000) (112,461,000)
Cash paid for amounts included in the measurement of lease liabilities:      
Operating cash flows for operating leases 400,999,000 295,468,000 261,435,000
Financing cash flows for finance leases 30,000 57,000 93,000
Non-cash transactions:      
Capital expenditures funded by finance lease borrowings 145,000 0 538,000
Capital expenditures funded by operating lease borrowings $ 1,076,456,000 $ 897,109,000 $ 683,333,000
[1] The sum of cash and cash equivalents and restricted cash on the consolidated balance sheets equals cash, cash equivalents, and restricted cash in the consolidated statements of cash flows.