XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating Revenues:        
Total Operating Revenues $ 261,086 $ 219,067 $ 555,201 $ 445,591
Operating Expenses:        
Aircraft Fuel 52,360 76,947 124,650 141,492
Salaries, Wages, and Benefits 75,919 60,298 151,349 119,915
Aircraft Rent 779 2,211 2,259 5,397
Maintenance 15,942 12,782 28,981 24,777
Sales and Marketing 8,507 7,881 18,436 16,509
Depreciation and Amortization 22,355 16,854 41,815 32,182
Ground Handling 11,311 8,212 22,349 16,170
Landing Fees and Airport Rent 12,962 9,496 25,013 19,782
Other Operating, net 25,364 21,017 48,979 44,166
Total Operating Expenses 225,499 215,698 463,831 420,390
Operating Income 35,587 3,369 91,370 25,201
Non-operating Income (Expense):        
Interest Income 2,545 532 5,286 556
Interest Expense (11,239) (7,042) (19,869) (15,604)
Other, net (143) (1,702) (355) (8,577)
Total Non-operating Expense, net (8,837) (8,212) (14,938) (23,625)
Income (Loss) Before Income Tax 26,750 (4,843) 76,432 1,576
Income Tax Expense (Benefit) 6,132 (921) 17,486 1,861
Net Income (Loss) $ 20,618 $ (3,922) $ 58,946 $ (285)
Net Income (Loss) per share to common stockholders:        
Basic (in dollars per share) $ 0.37 $ (0.07) $ 1.05 $ 0.00
Diluted (in dollars per share) $ 0.35 $ (0.07) $ 0.99 $ 0.00
Shares used for computation:        
Basic (in shares) 56,084,759 58,060,716 56,364,170 57,984,608
Diluted (in shares) 59,712,048 58,060,716 59,630,008 57,984,608
Passenger        
Operating Revenues:        
Total Operating Revenues $ 227,866 $ 195,362 $ 495,135 $ 397,394
Cargo        
Operating Revenues:        
Total Operating Revenues 25,017 21,190 48,378 42,243
Other        
Operating Revenues:        
Total Operating Revenues $ 8,203 $ 2,515 $ 11,688 $ 5,954