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SUBSEQUENT EVENT
9 Months Ended
Sep. 30, 2012
SUBSEQUENT EVENT [Abstract]  
Subsequent Events [Text Block]
SUBSEQUENT EVENTS

On October 10, 2012, the Company entered into a new agreement and modified existing agreements with Boeing to acquire 50 new Boeing 737 aircraft. The Company is now committed to purchasing 75 Boeing aircraft, including 38 Boeing 737-900ER aircraft and 37 Boeing 737 MAX aircraft, with deliveries subsequent to September 30, 2012 through 2022. In addition, the Company has options to acquire an additional 69 Boeing 737 aircraft. With this order, the future minimum fixed payments for B737 aircraft and Q400 aircraft commitments is approximately $3.0 billion from 2012 through 2024.

On October 24, 2012, Horizon reached a tentative agreement with its pilot union (International Brotherhood of Teamsters) for an extension of their contract through December 2018. The deal is mutually beneficial to both the Company and Horizon pilots and calls for a bonus upon signing, step wage increases and productivity gains over the term of the contract. Voting will begin in November and conclude in December. If the agreement is signed, the financial statement impact of the signing bonus will be be an approximately $1.0 million charge to wages and benefits.