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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 428,907 $ (161,586) $ 117,817
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 292,768 284,969 264,507
Stock based compensation expense 10,580 7,568 5,368
Gain from early extinguishment of debt   (1,279) (33,660)
Special items   465,649  
Net increase (decrease) in deferred income taxes (145,517) (83,441) 73,844
Changes in operating assets and liabilities:      
Decrease (increase) in restricted cash 8,243 (27) 3,366
Decrease in receivables 4,201 15,260 21,076
Decrease (increase) in income tax receivable 1,673 (4,118) (92)
Increase in inventories (1,246) (1,986) (2,860)
Decrease (increase) in other current assets 26,017 37,569 (28,598)
Decrease in deferred aircraft credits (8,520) (8,108) (8,635)
Increase (decrease) in accounts payable and accrued aircraft rents 46,934 (47,563) 9,690
Increase (decrease) in other current liabilities 20,084 3,758 (4,498)
NET CASH PROVIDED BY OPERATING ACTIVITIES 684,124 506,665 417,325
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchases of marketable securities (1,533,867) (2,511,388) (1,170,439)
Sales of marketable securities 1,440,283 2,388,168 1,299,069
Proceeds from the sale of aircraft, property and equipment 51,994 3,008 10,308
Proceeds from settlement of residual value guarantee aircraft agreements   90,000  
Acquisition of property and equipment:      
Aircraft and rotable spare parts (661,176) (1,138,963) (710,871)
Deposits on aircraft (46,733) (650)  
Buildings and ground equipment (27,467) (14,350) (10,405)
Return of deposits applied towards acquired aircraft 36,533   1,850
Decrease (increase) in other assets (10,904) 7,097 10,772
NET CASH USED IN INVESTING ACTIVITIES (751,337) (1,177,078) (569,716)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of long-term debt 471,677 926,069 591,881
Principal payments on long-term debt (330,258) (302,158) (354,277)
Proceeds from issuance of common stock 4,660 8,142 9,754
Purchase of treasury stock (20,008)   (18,726)
Employee income tax paid on equity awards (5,080)    
Decrease (increase) in debt issuance cost (3,737) (8,653) 2,779
Payment of cash dividends (15,015) (9,256) (8,260)
NET CASH PROVIDED BY FINANCING ACTIVITIES 102,239 614,144 223,151
Increase (decrease) in cash and cash equivalents 35,026 (56,269) 70,760
Cash and cash equivalents at beginning of period 146,766 203,035 132,275
CASH AND CASH EQUIVALENTS AT END OF PERIOD 181,792 146,766 203,035
Non-cash investing activities:      
Acquisition of rotable spare parts 755 5,688  
Cash paid during the period for:      
Interest, net of capitalized amounts 105,639 76,589 80,657
Income taxes $ 5,010 $ 1,212 $ 5,104