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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
OPERATING REVENUES:        
Total operating revenues $ 457,493 $ 760,295 $ 1,537,469 $ 2,228,372
OPERATING EXPENSES:        
Salaries, wages and benefits 194,516 251,414 613,895 752,768
Depreciation and amortization 121,467 92,795 364,813 272,929
CARES Act payroll support grant (190,200)   (342,138)  
Special items       21,869
Other operating expenses 59,580 59,577 167,170 184,634
Total operating expenses 382,940 613,854 1,400,998 1,841,419
OPERATING INCOME 74,553 146,441 136,471 386,953
OTHER INCOME (EXPENSE):        
Interest income 1,403 3,542 5,652 11,081
Interest expense (30,150) (31,606) (91,280) (96,884)
Other income, net 405 361 1,205 47,367
Total other income (expense), net (28,342) (27,703) (84,423) (38,436)
INCOME BEFORE INCOME TAXES 46,211 118,738 52,048 348,517
PROVISION FOR INCOME TAXES 12,549 27,399 14,113 80,945
NET INCOME $ 33,662 $ 91,339 $ 37,935 $ 267,572
BASIC EARNINGS PER SHARE (in dollars per share) $ 0.67 $ 1.80 $ 0.76 $ 5.24
DILUTED EARNINGS PER SHARE (in dollars per share) $ 0.66 $ 1.79 $ 0.75 $ 5.19
Weighted average common shares:        
Basic (in shares) 50,181 50,746 50,199 51,111
Diluted (in shares) 50,622 51,129 50,445 51,568
COMPREHENSIVE INCOME:        
Net income $ 33,662 $ 91,339 $ 37,935 $ 267,572
Net unrealized depreciation on debt securities, net of taxes (307)     32
TOTAL COMPREHENSIVE INCOME 33,355 91,339 37,935 267,604
Flying agreements        
OPERATING REVENUES:        
Total operating revenues 445,048 738,838 1,490,912 2,164,173
Lease, airport services and other        
OPERATING REVENUES:        
Total operating revenues 12,445 21,457 46,557 64,199
Aircraft maintenance, materials and repairs        
OPERATING EXPENSES:        
Total operating expenses 150,148 133,521 431,654 376,572
Airport related expenses        
OPERATING EXPENSES:        
Total operating expenses 18,003 27,808 70,192 89,237
Aircraft rentals        
OPERATING EXPENSES:        
Total operating expenses 15,785 17,676 49,537 55,840
Aircraft fuel        
OPERATING EXPENSES:        
Total operating expenses $ 13,641 $ 31,063 $ 45,875 $ 87,570