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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
OPERATING REVENUES:        
Total operating revenues $ 656,990 $ 350,039 $ 1,191,545 $ 1,079,975
OPERATING EXPENSES:        
Salaries, wages and benefits 233,423 170,218 453,265 419,379
Depreciation and amortization 109,895 131,638 219,492 243,346
Payroll support grant (114,144) (151,938) (307,317) (151,938)
Other operating expenses 58,286 38,167 112,774 107,589
Total operating expenses 541,967 354,442 995,680 1,018,057
OPERATING INCOME (LOSS) 115,023 (4,403) 195,865 61,918
OTHER INCOME (EXPENSE):        
Interest income 210 1,685 494 4,249
Interest expense (33,940) (30,926) (65,294) (61,130)
Other income, net 80 402 296 800
Total other expense, net (33,650) (28,839) (64,504) (56,081)
INCOME (LOSS) BEFORE INCOME TAXES 81,373 (33,242) 131,361 5,837
PROVISION (BENEFIT) FOR INCOME TAXES 19,379 (7,527) 33,467 1,564
NET INCOME (LOSS) $ 61,994 $ (25,715) $ 97,894 $ 4,273
BASIC EARNINGS (LOSS) PER SHARE (in dollars per share) $ 1.23 $ (0.51) $ 1.95 $ 0.09
DILUTED EARNINGS (LOSS) PER SHARE (in dollars per share) $ 1.22 $ (0.51) $ 1.93 $ 0.08
Weighted average common shares:        
Basic (in shares) 50,346 50,140 50,316 50,208
Diluted (in shares) 50,725 50,140 50,727 50,357
COMPREHENSIVE INCOME (LOSS):        
Net income (loss) $ 61,994 $ (25,715) $ 97,894 $ 4,273
Net unrealized appreciation on marketable securities, net of taxes   307   307
TOTAL COMPREHENSIVE INCOME (LOSS) 61,994 (25,408) 97,894 4,580
Flying agreements        
OPERATING REVENUES:        
Total operating revenues 632,967 336,370 1,144,158 1,045,864
Lease, airport services and other        
OPERATING REVENUES:        
Total operating revenues 24,023 13,669 47,387 34,111
Aircraft maintenance, materials and repairs        
OPERATING EXPENSES:        
Total operating expenses 190,879 121,289 394,706 281,505
Airport-related expenses        
OPERATING EXPENSES:        
Total operating expenses 22,038 21,550 46,486 52,190
Aircraft fuel        
OPERATING EXPENSES:        
Total operating expenses 25,867 6,821 45,061 32,234
Aircraft rentals        
OPERATING EXPENSES:        
Total operating expenses $ 15,723 $ 16,697 $ 31,213 $ 33,752