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Condensed Consolidated Statements of Operations - USD ($)
2 Months Ended 3 Months Ended 7 Months Ended 9 Months Ended
Mar. 12, 2025
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating revenues:          
Total operating revenues $ 755,354,000 $ 958,524,000 $ 1,197,104,000 $ 2,235,402,000 $ 3,743,530,000
Operating expenses:          
Salaries, wages and benefits 308,585,000 367,356,000 427,125,000 810,929,000 1,276,986,000
Aircraft fuel 219,922,000 253,308,000 373,399,000 574,591,000 1,187,046,000
Aircraft rent 120,183,000 154,064,000 148,511,000 325,641,000 389,056,000
Landing fees and other rents 87,001,000 104,900,000 130,044,000 227,301,000 352,826,000
Depreciation and amortization 54,853,000 58,032,000 84,028,000 132,515,000 249,860,000
Maintenance, materials and repairs 47,498,000 54,849,000 57,368,000 114,805,000 164,736,000
Distribution 39,461,000 45,833,000 55,687,000 103,404,000 146,786,000
Special charges (credits) 0 0 151,000 (4,000) 36,028,000
Loss (gain) on disposal of assets 11,655,000 (113,713,000) 3,191,000 (114,041,000) (13,885,000)
Other operating 153,395,000 168,810,000 214,039,000 381,256,000 610,379,000
Total operating expenses 1,042,553,000 1,093,439,000 1,493,543,000 2,556,397,000 4,399,818,000
Operating income (loss) (287,199,000) (134,915,000) (296,439,000) (320,995,000) (656,288,000)
Other (income) expense:          
Interest expense 47,682,000 46,261,000 54,135,000 118,141,000 163,251,000
Loss (gain) on extinguishment of debt (87,000) 2,728,000 0 2,728,000 (14,996,000)
Capitalized interest (956,000) (393,000) (1,173,000) (1,068,000) (16,865,000)
Interest income (8,873,000) (7,001,000) (11,341,000) (16,146,000) (37,100,000)
Other (income) expense 902,000 337,000 (23,000) 649,000 (65,848,000)
Special charges, non-operating 5,511,000 13,026,000 0 25,441,000 0
Reorganization (gain) expense (421,464,000) 125,983,000 0 125,983,000 0
Total other (income) expense (377,285,000) 180,941,000 41,598,000 255,728,000 28,442,000
Income (loss) before income taxes 90,086,000 (315,856,000) (338,037,000) (576,723,000) (684,730,000)
Provision (benefit) for income taxes 17,870,000 1,620,000 (29,794,000) (2,480,000) (40,925,000)
Net income (loss) $ 72,216,000 $ (317,476,000) $ (308,243,000) $ (574,243,000) $ (643,805,000)
Basic earnings (loss) per share (in dollars per share) $ 0.66 $ (7.87) $ (2.81) $ (16.17) $ (5.88)
Diluted earnings (loss) per share (in dollars per share) $ 0.66 $ (7.87) $ (2.81) $ (16.17) $ (5.88)
Passenger          
Operating revenues:          
Total operating revenues $ 740,610,000 $ 937,126,000 $ 1,171,405,000 $ 2,190,891,000 $ 3,664,518,000
Other          
Operating revenues:          
Total operating revenues $ 14,744,000 $ 21,398,000 $ 25,699,000 $ 44,511,000 $ 79,012,000