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Condensed Consolidated Statements of Operations - USD ($)
1 Months Ended 2 Months Ended 3 Months Ended
Mar. 31, 2025
Mar. 12, 2025
Mar. 31, 2024
Operating revenues:      
Total operating revenues $ 257,045,000 $ 755,354,000 $ 1,265,537,000
Operating expenses:      
Salaries, wages and benefits 76,212,000 308,585,000 431,483,000
Aircraft fuel 60,797,000 219,922,000 406,351,000
Aircraft rent 30,884,000 120,183,000 115,206,000
Landing fees and other rents 20,944,000 87,001,000 106,718,000
Depreciation and amortization 11,597,000 54,853,000 81,346,000
Maintenance, materials and repairs 11,209,000 47,498,000 54,915,000
Distribution 10,432,000 39,461,000 45,176,000
Special charges (credits) (4,000) 0 36,258,000
Loss (gain) on disposal of assets (19,000) 11,655,000 (3,029,000)
Other operating 36,950,000 153,395,000 198,450,000
Total operating expenses 259,002,000 1,042,553,000 1,472,874,000
Operating income (loss) (1,957,000) (287,199,000) (207,337,000)
Other (income) expense:      
Interest expense 9,777,000 47,682,000 54,809,000
Loss (gain) on extinguishment of debt 0 (87,000) (14,996,000)
Capitalized interest (118,000) (956,000) (10,003,000)
Interest income (2,003,000) (8,873,000) (13,590,000)
Other (income) expense 50,000 902,000 (66,490,000)
Special charges, non-operating 1,376,000 5,511,000 0
Reorganization (gain) expense 0 (421,464,000) 0
Total other (income) expense 9,082,000 (377,285,000) (50,270,000)
Income (loss) before income taxes (11,039,000) 90,086,000 (157,067,000)
Provision (benefit) for income taxes (103,000) 17,870,000 (14,432,000)
Net income (loss) $ (10,936,000) $ 72,216,000 $ (142,635,000)
Basic earnings (loss) per share (in dollars per share) $ (0.56) $ 0.66 $ (1.30)
Diluted earnings (loss) per share (in dollars per share) $ (0.56) $ 0.66 $ (1.30)
Passenger      
Operating revenues:      
Total operating revenues $ 252,959,000 $ 740,610,000 $ 1,239,310,000
Other      
Operating revenues:      
Total operating revenues $ 4,086,000 $ 14,744,000 $ 26,227,000