Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2016

Quarterly Financial Data (Unaudited)

Quarterly Financial Data (Unaudited)

(13) Quarterly Financial Data (Unaudited)

Unaudited summarized financial data by quarter for 2016 and 2015 is as follows (in thousands, except per share data):

	Year ended December 31, 2016
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter		Year
Operating revenues	$	762,075	$	801,338	$	799,776	$	758,017	$	3,121,206
Operating income		61,809		84,137		85,834		(404,464)		(172,684)
Net income (loss)(1)		27,092		40,244		41,322		(270,244)		(161,586)
Net income (loss) per common share:
Basic		0.53		0.78		0.80		(5.22)		(3.14)
Diluted		0.52		0.77		0.79		(5.22)		(3.14)
Weighted average common shares:
Basic:		51,218		51,418		51,627		51,757		51,505
Diluted:		52,014		52,194		52,471		51,757		51,505

	Year ended December 31, 2015
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter		Year
Operating revenues	$	760,398	$	788,417	$	794,004	$	752,744	$	3,095,563
Operating income		34,075		69,932		78,296		52,212		234,515
Net income		9,620		31,475		36,268		40,454		117,817
Net income per common share:
Basic		0.19		0.61		0.72		0.80		2.31
Diluted		0.18		0.61		0.71		0.78		2.27
Weighted average common shares:
Basic:		51,457		51,357		50,616		50,880		51,077
Diluted:		52,392		51,971		51,282		51,657		51,825

(1) Operating loss for the fourth quarter of 2016 included a special charge of $465.6 million related to an impairment on the Company’s 50-seat aircraft.