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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING REVENUES:      
Total operating revenues $ 2,971,963 $ 3,221,679 $ 3,122,592
OPERATING EXPENSES:      
Salaries, wages and benefits 1,001,746 1,201,518 1,192,067
Depreciation and amortization 368,098 334,589 292,768
Special items 21,869    
Other operating expenses 243,729 272,826 250,778
Total operating expenses 2,459,705 2,747,399 2,734,393
OPERATING INCOME 512,258 474,280 388,199
OTHER INCOME (EXPENSE):      
Interest income 14,131 8,823 4,509
Interest expense (127,755) (120,409) (104,925)
Other, net 47,671 3,620 400
Total other expense, net (65,953) (107,966) (100,016)
INCOME BEFORE INCOME TAXES 446,305 366,314 288,183
PROVISION (BENEFIT) FOR INCOME TAXES 106,206 85,942 (140,724)
NET INCOME $ 340,099 $ 280,372 $ 428,907
BASIC EARNINGS PER SHARE (in dollars per share) $ 6.68 $ 5.40 $ 8.28
DILUTED EARNINGS PER SHARE (in dollars per share) $ 6.62 $ 5.30 $ 8.08
Weighted average common shares:      
Basic (in shares) 50,932,000 51,914,000 51,804,000
Diluted (in shares) 51,375,000 52,871,000 53,100,000
COMPREHENSIVE INCOME:      
Net income $ 340,099 $ 280,372 $ 428,907
Net unrealized appreciation on marketable securities, net of taxes 32 18 21
TOTAL COMPREHENSIVE INCOME 340,131 280,390 428,928
Flying agreements      
OPERATING REVENUES:      
Total operating revenues 2,889,265 3,169,520 3,078,297
Airport customer service and other      
OPERATING REVENUES:      
Total operating revenues 82,698 52,159 44,295
Aircraft maintenance, materials and repairs      
OPERATING EXPENSES:      
Total operating expenses 514,313 556,259 579,463
Aircraft fuel      
OPERATING EXPENSES:      
Total operating expenses 119,115 117,657 85,136
Airport related expenses      
OPERATING EXPENSES:      
Total operating expenses 118,837 109,605 118,374
Aircraft rentals      
OPERATING EXPENSES:      
Total operating expenses $ 71,998 $ 154,945 $ 215,807