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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
OPERATING REVENUES:        
Total operating revenues $ 912,786 $ 766,171 $ 2,583,518 $ 2,183,645
OPERATING EXPENSES:        
Salaries, wages and benefits 377,435 333,017 1,083,439 990,659
Aircraft maintenance, materials and repairs 181,652 178,465 510,334 483,182
Depreciation and amortization 96,662 96,560 289,346 287,878
Aircraft fuel 22,724 23,330 65,216 62,573
Airport-related expenses 22,642 18,398 61,065 53,648
Aircraft rentals 1,339 2,099 3,925 24,055
Other operating expenses 78,897 65,011 219,612 205,203
Total operating expenses 781,351 716,880 2,232,937 2,107,198
OPERATING INCOME 131,435 49,291 350,581 76,447
OTHER INCOME (EXPENSE):        
Interest income 12,460 11,234 36,126 31,761
Interest expense (27,808) (32,543) (86,603) (99,881)
Other income (loss), net 109 (3,631) (1,567) 7,544
Total other expense, net (15,239) (24,940) (52,044) (60,576)
INCOME BEFORE INCOME TAXES 116,196 24,351 298,537 15,871
PROVISION (BENEFIT) FOR INCOME TAXES 26,487 873 72,952 (955)
NET INCOME $ 89,709 $ 23,478 $ 225,585 $ 16,826
BASIC EARNINGS PER SHARE (in dollars per share) $ 2.23 $ 0.56 $ 5.61 $ 0.37
DILUTED EARNINGS PER SHARE (in dollars per share) $ 2.16 $ 0.55 $ 5.44 $ 0.37
Weighted average common shares:        
Basic (in shares) 40,253 41,826 40,244 45,018
Diluted (in shares) 41,561 42,580 41,495 45,540
COMPREHENSIVE INCOME:        
Net income $ 89,709 $ 23,478 $ 225,585 $ 16,826
Net unrealized appreciation (depreciation) on marketable securities, net of taxes 883 624 50 3,618
TOTAL COMPREHENSIVE INCOME 90,592 24,102 225,635 20,444
Flying agreements        
OPERATING REVENUES:        
Total operating revenues 883,494 741,898 2,499,953 2,106,130
Lease, airport services and other        
OPERATING REVENUES:        
Total operating revenues $ 29,292 $ 24,273 $ 83,565 $ 77,515