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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING REVENUES:    
Total operating revenues $ 948,455 $ 803,614
OPERATING EXPENSES:    
Salaries, wages and benefits 377,311 350,999
Aircraft maintenance, materials and repairs 209,100 145,415
Depreciation and amortization 89,446 95,870
Airport-related expenses 27,823 20,888
Aircraft fuel 24,488 21,164
Other operating expenses 80,910 69,772
Total operating expenses 809,078 704,108
OPERATING INCOME 139,377 99,506
OTHER INCOME (EXPENSE):    
Interest income 10,086 11,626
Interest expense (27,118) (29,829)
Other expense, net (1,627) (1,128)
Total other expense, net (18,659) (19,331)
INCOME BEFORE INCOME TAXES 120,718 80,175
PROVISION FOR INCOME TAXES 20,167 19,877
NET INCOME $ 100,551 $ 60,298
BASIC EARNINGS PER SHARE (in dollars per share) $ 2.48 $ 1.5
DILUTED EARNINGS PER SHARE (in dollars per share) $ 2.42 $ 1.45
Weighted average common shares:    
Basic (in shares) 40,490 40,299
Diluted (in shares) 41,599 41,492
COMPREHENSIVE INCOME:    
Net income $ 100,551 $ 60,298
Net unrealized depreciation on marketable securities, net of tax (75) (173)
TOTAL COMPREHENSIVE INCOME 100,476 60,125
Flying agreements    
OPERATING REVENUES:    
Total operating revenues 915,994 778,289
Lease, airport services and other    
OPERATING REVENUES:    
Total operating revenues $ 32,461 $ 25,325