XML 17 R3.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements Of Operations - USD ($)
2 Months Ended 10 Months Ended 12 Months Ended
Mar. 12, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating revenues:        
Total operating revenues $ 755,354,000 $ 3,041,393,000 $ 4,913,421,000 $ 5,362,549,000
Operating expenses:        
Salaries, wages and benefits 308,585,000 1,132,622,000 1,689,083,000 1,616,803,000
Aircraft fuel 219,922,000 779,027,000 1,479,203,000 1,821,165,000
Aircraft rent 120,183,000 428,332,000 541,909,000 381,239,000
Landing fees and other rents 87,001,000 304,483,000 451,008,000 408,262,000
Depreciation and amortization 54,853,000 190,244,000 325,273,000 320,872,000
Maintenance, materials and repairs 47,498,000 159,599,000 217,738,000 223,339,000
Distribution 39,461,000 133,511,000 197,197,000 190,891,000
Special charges (credits) 0 (30,004,000) 36,029,000 69,537,000
Loss (gain) on disposal of assets 11,655,000 (109,096,000) 273,871,000 33,966,000
Other operating 153,395,000 534,186,000 807,488,000 792,232,000
Total operating expenses 1,042,553,000 3,522,904,000 6,018,799,000 5,858,306,000
Operating income (loss) (287,199,000) (481,511,000) (1,105,378,000) (495,757,000)
Other (income) expense:        
Interest expense 47,682,000 160,847,000 219,094,000 169,191,000
Loss (gain) on extinguishment of debt (87,000) 2,728,000 (14,937,000) (15,411,000)
Capitalized interest (956,000) (1,245,000) (18,087,000) (33,360,000)
Interest income (8,873,000) (23,396,000) (48,324,000) (61,647,000)
Other (income) expense 902,000 748,000 (65,694,000) 4,065,000
Special charges (credits), non-operating 5,511,000 28,991,000 15,493,000 0
Reorganization (gain) expense (421,464,000) 2,190,726,000 96,780,000 0
Total other (income) expense (377,285,000) 2,359,399,000 184,325,000 62,838,000
Income (loss) before income taxes 90,086,000 (2,840,910,000) (1,289,703,000) (558,595,000)
Total income tax expense (benefit) 17,870,000 (8,241,000) (60,208,000) (111,131,000)
Net income (loss) $ 72,216,000 $ (2,832,669,000) $ (1,229,495,000) $ (447,464,000)
Basic earnings (loss) per share ( in dollars per share) $ 0.66 $ (76.51) $ (11.23) $ (4.10)
Diluted earnings (loss) per share ( in dollars per share) $ 0.66 $ (76.51) $ (11.23) $ (4.10)
Passenger        
Operating revenues:        
Total operating revenues $ 740,610,000 $ 2,979,281,000 $ 4,811,752,000 $ 5,268,161,000
Other        
Operating revenues:        
Total operating revenues $ 14,744,000 $ 62,112,000 $ 101,669,000 $ 94,388,000