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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING REVENUES:    
Total operating revenues $ 803,614 $ 691,831
OPERATING EXPENSES:    
Salaries, wages and benefits 350,999 335,201
Aircraft maintenance, materials and repairs 145,415 142,226
Depreciation and amortization 95,870 94,149
Aircraft fuel 21,164 20,964
Airport-related expenses 20,888 18,295
Aircraft rentals 1,276 19,528
Other operating expenses 68,496 66,172
Total operating expenses 704,108 696,535
OPERATING INCOME (LOSS) 99,506 (4,704)
OTHER INCOME (EXPENSE):    
Interest income 11,626 10,033
Interest expense (29,829) (33,620)
Other income (loss), net (1,128) 2,174
Total other expense, net (19,331) (21,413)
INCOME (LOSS) BEFORE INCOME TAXES 80,175 (26,117)
PROVISION (BENEFIT) FOR INCOME TAXES 19,877 (4,046)
NET INCOME (LOSS) $ 60,298 $ (22,071)
BASIC EARNINGS (LOSS) PER SHARE (in dollars per share) $ 1.50 $ (0.45)
DILUTED EARNINGS (LOSS) PER SHARE (in dollars per share) $ 1.45 $ (0.45)
Weighted average common shares:    
Basic (in shares) 40,299 49,391
Diluted (in shares) 41,492 49,391
COMPREHENSIVE INCOME (LOSS):    
Net income (loss) $ 60,298 $ (22,071)
Net unrealized appreciation (depreciation) on marketable securities, net of taxes (173) 1,480
TOTAL COMPREHENSIVE INCOME (LOSS) 60,125 (20,591)
Flying agreements    
OPERATING REVENUES:    
Total operating revenues 778,289 663,838
Lease, airport services and other    
OPERATING REVENUES:    
Total operating revenues $ 25,325 $ 27,993