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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUES $ 334,576 $ 203,607 $ 682,759 $ 406,647
OPERATING EXPENSES        
Salaries, wages and benefits 97,850 74,049 197,191 144,832
Fuel 33,984 5,913 68,734 11,701
Maintenance, materials and repairs 39,651 36,817 84,389 73,683
Depreciation and amortization 63,266 41,620 125,903 81,624
Travel 20,937 7,288 41,035 13,920
Contracted ground and aviation services 14,531 2,444 30,129 4,828
Rent 3,984 3,760 7,737 6,990
Landing and ramp 2,391 1,311 5,439 2,459
Insurance 1,857 1,420 3,768 2,777
Transaction fees 0 0 373 0
Other operating expenses 18,643 5,087 34,051 12,292
Operating Expenses 297,094 179,709 598,749 355,106
OPERATING INCOME 37,482 23,898 84,010 51,541
OTHER INCOME (EXPENSE)        
Interest income 81 54 177 77
Non-service component of retiree benefit costs (2,351) 2,045 (4,702) 4,090
Non-service component of retiree benefit (costs) credits (16,804) (5,366) 34,194 10,728
Net gain (loss) on financial instruments (35,886) 11,697 (31,386) 10,812
Loss from non-consolidated affiliate     9,814 4,953
Other Nonoperating Income (Expense) (60,958) 6,013 (79,919) (702)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (23,476) 29,911 4,091 50,839
INCOME TAX EXPENSE   (5,447) 8,089 10,693
EARNINGS (LOSS) FROM CONTINUING OPERATIONS (26,632) 24,464 (3,998) 40,146
EARNINGS FROM DISCONTINUED OPERATIONS, NET OF TAXES 31 170 62 366
NET EARNINGS (LOSS) $ (26,601) $ 24,634 $ (3,936) $ 40,512
BASIC EARNINGS PER SHARE        
Basic earnings per share from continuing operations (in dollars per share) $ (0.45) $ 0.42 $ (0.07) $ 0.68
Discontinued operations (in dollars per share) 0 0 0 0.01
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) (0.45) 0.42 (0.07) 0.69
DILUTED EARNINGS PER SHARE        
Diluted earnings per share from continuing operations (in dollars per share) (0.45) 0.21 (0.07) 0.48
Discontinued operations (in dollars per share) 0 0 0 0
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ (0.45) $ 0.21 $ (0.07) $ 0.48
WEIGHTED AVERAGE SHARES        
Basic (in shares) 58,909 58,739 58,874 58,790
Diluted (in shares) 58,909 68,363 58,874 68,784