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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating revenues:        
Total operating revenues $ 1,197,104 $ 1,258,543 $ 3,743,530 $ 4,040,789
Operating expenses:        
Aircraft fuel 373,399 455,241 1,187,046 1,333,984
Salaries, wages and benefits 427,125 404,177 1,276,986 1,201,067
Landing fees and other rents 130,044 107,525 352,826 311,357
Aircraft rent 148,511 97,393 389,056 274,761
Depreciation and amortization 84,028 82,802 249,860 241,335
Maintenance, materials and repairs 57,368 56,465 164,736 167,704
Distribution 55,687 46,323 146,786 145,041
Special charges (credits) 151 12,378 36,028 46,333
Loss (gain) on disposal of assets 3,191 (2,250) (13,885) 5,652
Other operating 214,039 187,249 610,379 594,499
Total operating expenses 1,493,543 1,447,303 4,399,818 4,321,733
Operating income (loss) (296,439) (188,760) (656,288) (280,944)
Other (income) expense:        
Interest expense 54,135 41,260 163,251 121,933
Loss (gain) on extinguishment of debt 0 0 (14,996) 0
Capitalized interest (1,173) (8,582) (16,865) (24,675)
Interest income (11,341) (18,442) (37,100) (49,838)
Other (income) expense (23) 649 (65,848) 1,957
Total other (income) expense 41,598 14,885 28,442 49,377
Income (loss) before income taxes (338,037) (203,645) (684,730) (330,321)
Provision (benefit) for income taxes (29,794) (46,093) (40,925) (66,509)
Net income (loss) $ (308,243) $ (157,552) $ (643,805) $ (263,812)
Basic earnings (loss) per share (in dollars per share) $ (2.81) $ (1.44) $ (5.88) $ (2.42)
Diluted earnings (loss) per share (in dollars per share) $ (2.81) $ (1.44) $ (5.88) $ (2.42)
Passenger        
Operating revenues:        
Total operating revenues $ 1,171,405 $ 1,233,912 $ 3,664,518 $ 3,971,446
Other        
Operating revenues:        
Total operating revenues $ 25,699 $ 24,631 $ 79,012 $ 69,343