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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
OPERATING REVENUES:        
Total operating revenues $ 725,643 $ 799,085 $ 1,417,474 $ 1,534,237
OPERATING EXPENSES:        
Salaries, wages and benefits 322,441 288,562 657,642 588,620
Aircraft maintenance, materials and repairs 162,491 174,883 304,717 323,296
Depreciation and amortization 97,169 97,249 191,318 199,994
Aircraft fuel 18,279 31,820 39,243 56,910
Airport-related expenses 16,955 17,490 35,250 36,695
Aircraft rentals 2,428 16,024 21,956 32,020
Other operating expenses 74,020 84,455 140,192 156,052
Total operating expenses 693,783 710,483 1,390,318 1,393,587
OPERATING INCOME 31,860 88,602 27,156 140,650
OTHER INCOME (EXPENSE):        
Interest income 10,494 2,559 20,527 2,984
Interest expense (33,718) (30,433) (67,338) (59,025)
Other income, net 9,001 12,019 11,175 12,899
Total other expense, net (14,223) (15,855) (35,636) (43,142)
INCOME (LOSS) BEFORE INCOME TAXES 17,637 72,747 (8,480) 97,508
PROVISION (BENEFIT) FOR INCOME TAXES 2,218 18,796 (1,828) 25,823
NET INCOME (LOSS) $ 15,419 $ 53,951 $ (6,652) $ 71,685
BASIC EARNINGS (LOSS) PER SHARE (in dollars per share) $ 0.35 $ 1.07 $ (0.14) $ 1.42
DILUTED EARNINGS (LOSS) PER SHARE (in dollars per share) $ 0.35 $ 1.07 $ (0.14) $ 1.42
Weighted average common shares:        
Basic (in shares) 43,837 50,522 46,614 50,501
Diluted (in shares) 44,219 50,566 46,614 50,637
COMPREHENSIVE INCOME (LOSS):        
Net income (loss) $ 15,419 $ 53,951 $ (6,652) $ 71,685
Net unrealized appreciation (depreciation) on marketable securities, net of taxes 1,514 (1,945) 2,994 (1,945)
TOTAL COMPREHENSIVE INCOME (LOSS) 16,933 52,006 (3,658) 69,740
Flying agreements        
OPERATING REVENUES:        
Total operating revenues 700,394 773,774 1,364,232 1,481,837
Lease, airport services and other        
OPERATING REVENUES:        
Total operating revenues $ 25,249 $ 25,311 $ 53,242 $ 52,400