XML 33 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
OPERATING REVENUES:        
Passenger $ 815,867 $ 836,890 $ 2,372,054 $ 2,448,883
Ground handling and other 18,766 13,850 51,538 44,474
Total operating revenues 834,633 850,740 2,423,592 2,493,357
OPERATING EXPENSES:        
Salaries, wages and benefits 315,766 306,887 944,253 904,625
Aircraft maintenance, materials and repairs 159,920 176,822 509,905 515,506
Aircraft rentals 72,899 80,928 232,682 245,330
Depreciation and amortization 65,822 61,135 192,389 183,309
Aircraft fuel 49,177 49,656 154,420 146,139
Ground handling services 31,114 30,541 100,446 98,235
Station rentals and landing fees 12,290 29,473 36,729 100,559
Special charges (see Note J)     4,713  
Other operating expenses 68,565 59,124 203,507 177,363
Total operating expenses 775,553 794,566 2,379,044 2,371,066
OPERATING INCOME 59,080 56,174 44,548 122,291
OTHER INCOME (EXPENSE):        
Interest income 2,549 567 3,608 3,164
Interest expense (16,883) (16,999) (48,697) (52,490)
Other, net 23,598 4,625 20,709 10,477
Total other income (expense), net 9,264 (11,807) (24,380) (38,849)
INCOME BEFORE INCOME TAXES 68,344 44,367 20,168 83,442
PROVISION FOR INCOME TAXES 27,006 17,973 16,455 33,094
NET INCOME 41,338 26,394 3,713 50,348
BASIC EARNINGS PER SHARE (in dollars per share) $ 0.81 $ 0.51 $ 0.07 $ 0.97
DILUTED EARNINGS PER SHARE (in dollars per share) $ 0.79 $ 0.50 $ 0.07 $ 0.96
Weighted average common shares:        
Basic (in shares) 51,322 51,881 51,324 51,841
Diluted (in shares) 52,036 52,610 51,562 52,551
Dividends declared per share (in dollars per share) $ 0.04 $ 0.04 $ 0.12 $ 0.12
COMPREHENSIVE INCOME:        
Net income 41,338 26,394 3,713 50,348
Proportionate share of other companies foreign currency translation adjustment, net of taxes (1,130) 67 (1,130) 67
Net unrealized appreciation (depreciation) on marketable securities, net of taxes (222) 363 (157) (137)
TOTAL COMPREHENSIVE INCOME $ 39,986 $ 26,824 $ 2,426 $ 50,278