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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net Income (loss) $ 117,817 $ (24,154) $ 58,956
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 264,507 259,642 245,005
Stock based compensation expense 5,368 5,318 4,363
Loss on sale of property and equipment   4,016  
Gain from equity ownership in TRIP and AirMekong airlines   (24,922) (10,830)
Gain from early extinguishment of debt (33,660)    
Capitalized Brasilia EMB-120 engine overhauls   (18,812) (29,606)
Special items   74,777  
Net increase in deferred income taxes 73,844 5,054 38,007
Changes in operating assets and liabilities:      
Decrease in restricted cash 3,366 637 7,334
Decrease in receivables 21,076 25,540 18,916
Increase in income tax receivable (92) (1,939) (840)
Increase in inventories (2,860) (890) (24,513)
Increase in other current assets and prepaid aircraft rents (28,598) (25,985) (31,578)
Decrease in deferred aircraft credits (8,635) (7,672) (8,432)
Increase in accounts payable and accrued aircraft rents 9,690 5,852 17,594
Increase (decrease) in other current liabilities (1,719) 9,077 5,514
NET CASH PROVIDED BY OPERATING ACTIVITIES 420,104 285,539 289,890
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of marketable securities (1,170,439) (326,964) (488,564)
Sales of marketable securities 1,299,069 398,148 557,424
Proceeds from the sale of aircraft, property and equipment 10,308 9,473 293
Proceeds from installment payment of equity shares of TRIP   17,237 16,658
Acquisition of property and equipment:      
Aircraft and rotable spare parts (710,871) (653,473) (102,499)
Deposits on aircraft     (40,000)
Buildings and ground equipment (10,405) (21,966) (9,502)
Return of deposits on aircraft 1,850    
Decrease (increase) in other assets 10,772 (7,681) 229
NET CASH USED IN INVESTING ACTIVITIES (569,716) (585,226) (65,961)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of long-term debt 591,881 460,600  
Principal payments on long-term debt (354,277) (185,357) (171,453)
Net proceeds from issuance of common stock 9,754 2,692 4,385
Purchase of treasury stock (18,726) (8,414) (11,739)
Payment of cash dividends (8,260) (8,195) (8,258)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 220,372 261,326 (187,065)
Increase (decrease) in cash and cash equivalents 70,760 (38,361) 36,864
Cash and cash equivalents at beginning of year 132,275 170,636 133,772
CASH AND CASH EQUIVALENTS AT END OF YEAR 203,035 132,275 170,636
Cash paid during the year for:      
Interest, net of capitalized amounts 80,657 67,763 71,323
Income taxes $ 5,104 $ 2,066 $ 3,678