XML 34 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Unaudited Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
REVENUES $ 153,826 $ 195,480 $ 452,886 $ 563,668
OPERATING EXPENSES        
Salaries, wages and benefits 44,153 48,872 135,827 140,546
Fuel 12,038 41,829 39,962 130,145
Maintenance, materials and repairs 26,751 23,740 75,135 67,426
Depreciation and amortization 21,057 22,616 62,871 68,865
Travel 5,618 7,575 17,162 20,803
Rent 6,745 5,872 18,719 16,946
Landing and ramp 3,877 5,691 11,823 18,128
Insurance 1,944 2,720 5,780 7,464
Impairment of goodwill 0 2,797 0 2,797
Impairment of acquired intangibles 0 2,282 0 2,282
Impairment of aircraft 0 22,065 0 22,065
Other operating expenses 9,348 10,931 27,908 29,481
Operating Expenses 131,531 196,990 395,187 526,948
OPERATING INCOME (LOSS) 22,295 (1,510) 57,699 36,720
OTHER INCOME (EXPENSE)        
Interest income 38 29 104 128
Interest expense (3,668) (3,304) (10,886) (10,944)
Net gain (loss) on derivative instruments 294 (1,881) 956 (5,437)
Write-off of unamortized debt issuance costs 0 0 0 (2,886)
Other Nonoperating Income (Expense) (3,336) (5,156) (9,826) (19,139)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 18,959 (6,666) 47,873 17,581
INCOME TAX (EXPENSE) BENEFIT (7,403) 1,840 (18,436) (7,246)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS 11,556 (4,826) 29,437 10,335
EARNINGS (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAXES (186) 24 (576) (74)
NET EARNINGS (LOSS) $ 11,370 $ (4,802) $ 28,861 $ 10,261
BASIC EARNINGS (LOSS) PER SHARE        
Continuing operations (in dollars per share) $ 0.18 $ (0.08) $ 0.46 $ 0.16
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ (0.01) $ 0.00
TOTAL BASIC EARNINGS (LOSS) PER SHARE (in dollars per share) $ 0.18 $ (0.08) $ 0.45 $ 0.16
DILUTED EARNINGS (LOSS) PER SHARE        
Continuing operations (in dollars per share) $ 0.18 $ (0.08) $ 0.46 $ 0.16
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ (0.01) $ 0.00
TOTAL DILUTED NET EARNINGS (LOSS) PER SHARE (in dollars per share) $ 0.18 $ (0.08) $ 0.45 $ 0.16
WEIGHTED AVERAGE SHARES        
Basic (in shares) 63,456 63,334 63,439 63,267
Diluted (in shares) 64,667 63,334 64,478 64,078