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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
OPERATING REVENUES:      
Total operating revenues $ 4,058,202 $ 3,527,920 $ 2,935,432
OPERATING EXPENSES:      
Salaries, wages and benefits 1,559,356 1,463,932 1,322,615
Aircraft maintenance, materials and repairs 943,779 712,642 673,453
Depreciation and amortization 364,497 383,880 383,115
Airport-related expenses 121,589 85,836 72,640
Aircraft fuel 120,368 87,409 85,913
Other operating expenses 330,767 299,564 293,627
Total operating expenses 3,440,356 3,033,263 2,831,363
OPERATING INCOME 617,846 494,657 104,069
OTHER INCOME (EXPENSE):      
Interest income 43,326 47,961 43,928
Interest expense (104,445) (114,340) (130,930)
Other income, net 8,864 3,865 23,242
Total other expense, net (52,255) (62,514) (63,760)
INCOME BEFORE INCOME TAXES 565,591 432,143 40,309
PROVISION FOR INCOME TAXES 137,257 109,181 5,967
NET INCOME $ 428,334 $ 322,962 $ 34,342
BASIC EARNINGS PER SHARE (in dollars per share) $ 10.62 $ 8.02 $ 0.78
DILUTED EARNINGS PER SHARE (in dollars per share) $ 10.35 $ 7.77 $ 0.77
Weighted average common shares:      
Basic (in shares) 40,314 40,262 43,940
Diluted (in shares) 41,403 41,547 44,599
COMPREHENSIVE INCOME:      
Net income $ 428,334 $ 322,962 $ 34,342
Net unrealized appreciation (depreciation) on marketable securities, net of taxes 110 (157) 4,127
TOTAL COMPREHENSIVE INCOME 428,444 322,805 38,469
Flying agreements      
OPERATING REVENUES:      
Total operating revenues 3,885,153 3,412,798 2,834,397
Lease, airport services and other      
OPERATING REVENUES:      
Total operating revenues $ 173,049 $ 115,122 $ 101,035