XML 19 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating revenues:        
Total operating revenues $ 125,157 $ 73,099 $ 372,808 $ 437,030
Operating expenses:        
Flight operations 41,314 29,664 115,681 135,199
Fuel 234 146 822 504
Maintenance 51,986 22,591 156,623 145,021
Aircraft rent 9,648 15,582 29,688 39,196
Aircraft and traffic servicing 682 538 2,326 2,938
General and administrative 12,087 11,737 36,324 39,233
Depreciation and amortization 20,933 20,635 62,108 61,656
Lease termination     4,508  
Government grant recognition (26,101) (43,018) (93,379) (43,018)
Total operating expenses 110,783 57,875 314,701 380,729
Operating income 14,374 15,224 58,107 56,301
Other (expense) income, net:        
Interest expense (8,627) (10,368) (26,464) (34,668)
Interest income 82 1 287 95
Other (expense) income, net (28) 79 389 720
Total other (expense), net (8,573) (10,288) (25,788) (33,853)
Income before taxes 5,801 4,936 32,319 22,448
Income tax expense 1,525 1,517 8,236 6,359
Net income and comprehensive income $ 4,276 $ 3,419 $ 24,083 $ 16,089
Net income per share attributable to common shareholders        
Basic $ 0.12 $ 0.10 $ 0.68 $ 0.46
Diluted $ 0.11 $ 0.10 $ 0.62 $ 0.46
Weighted-average common shares outstanding        
Basic 35,769 35,299 35,642 35,154
Diluted 39,513 35,299 38,811 35,248
Contract Revenue [Member]        
Operating revenues:        
Total operating revenues $ 109,654 $ 71,648 $ 318,524 $ 409,228
Pass Through and Other Revenue [Member]        
Operating revenues:        
Total operating revenues $ 15,503 $ 1,451 $ 54,284 $ 27,802