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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
OPERATING REVENUES:        
Total operating revenues $ 1,035,227 $ 867,118 $ 1,983,682 $ 1,670,732
OPERATING EXPENSES:        
Salaries, wages and benefits 390,243 355,005 767,554 706,004
Aircraft maintenance, materials and repairs 238,885 183,267 447,985 328,682
Depreciation and amortization 90,150 96,814 179,596 192,684
Airport-related expenses 27,116 17,535 54,939 38,423
Aircraft fuel 27,459 21,328 51,947 42,492
Other operating expenses 91,246 73,529 172,156 143,301
Total operating expenses 865,099 747,478 1,674,177 1,451,586
OPERATING INCOME 170,128 119,640 309,505 219,146
OTHER INCOME (EXPENSE):        
Interest income 11,050 12,040 21,136 23,666
Interest expense (26,566) (28,966) (53,684) (58,795)
Other income (expense), net 8,504 (548) 6,877 (1,676)
Total other expense, net (7,012) (17,474) (25,671) (36,805)
INCOME BEFORE INCOME TAXES 163,116 102,166 283,834 182,341
PROVISION FOR INCOME TAXES 42,847 26,588 63,014 46,465
NET INCOME $ 120,269 $ 75,578 $ 220,820 $ 135,876
BASIC EARNINGS PER SHARE (in dollars per share) $ 2.98 $ 1.88 $ 5.46 $ 3.38
DILUTED EARNINGS PER SHARE (in dollars per share) $ 2.91 $ 1.82 $ 5.32 $ 3.28
Weighted average common shares:        
Basic (in shares) 40,416 40,179 40,453 40,239
Diluted (in shares) 41,351 41,431 41,475 41,462
COMPREHENSIVE INCOME:        
Net Income (Loss) $ 120,269 $ 75,578 $ 220,820 $ 135,876
Net unrealized depreciation on marketable securities, net of taxes (76) (660) (151) (833)
TOTAL COMPREHENSIVE INCOME 120,193 74,918 220,669 135,043
Flying agreements        
OPERATING REVENUES:        
Total operating revenues 987,511 838,170 1,903,505 1,616,459
Lease, airport services and other        
OPERATING REVENUES:        
Total operating revenues $ 47,716 $ 28,948 $ 80,177 $ 54,273