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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating revenues:        
Total operating revenues $ 1,280,889 $ 1,432,472 $ 2,546,426 $ 2,782,246
Operating expenses:        
Aircraft fuel 407,296 391,032 813,647 878,743
Salaries, wages and benefits 418,378 407,705 849,861 796,890
Landing fees and other rents 116,064 106,487 222,782 203,832
Aircraft rent 125,339 92,101 240,545 177,368
Depreciation and amortization 84,486 80,542 165,832 158,533
Maintenance, materials and repairs 52,453 56,825 107,368 111,239
Distribution 45,923 50,701 91,099 98,718
Special charges (credits) (381) 19,972 35,877 33,955
Loss (gain) on disposal of assets (14,047) 802 (17,076) 7,902
Other operating 197,890 206,094 396,340 407,250
Total operating expenses 1,433,401 1,412,261 2,906,275 2,874,430
Operating income (loss) (152,512) 20,211 (359,849) (92,184)
Other (income) expense:        
Interest expense 54,307 28,880 109,116 80,673
Loss (gain) on extinguishment of debt 0 0 (14,996) 0
Capitalized interest (5,689) (8,445) (15,692) (16,093)
Interest income (12,169) (15,962) (25,759) (31,396)
Other (income) expense 665 766 (65,825) 1,308
Total other (income) expense 37,114 5,239 (13,156) 34,492
Income (loss) before income taxes (189,626) 14,972 (346,693) (126,676)
Provision (benefit) for income taxes 3,301 17,321 (11,131) (20,416)
Net income (loss) $ (192,927) $ (2,349) $ (335,562) $ (106,260)
Basic earnings (loss) per share (in dollars per share) $ (1.76) $ (0.02) $ (3.07) $ (0.97)
Diluted earnings (loss) per share (in dollars per share) $ (1.76) $ (0.02) $ (3.07) $ (0.97)
Passenger        
Operating revenues:        
Total operating revenues $ 1,253,803 $ 1,410,061 $ 2,493,113 $ 2,737,534
Other        
Operating revenues:        
Total operating revenues $ 27,086 $ 22,411 $ 53,313 $ 44,712