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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
REVENUES $ 366,073 $ 204,919 $ 1,048,832 $ 611,566
OPERATING EXPENSES        
Salaries, wages and benefits 110,706 71,341 307,897 216,173
Fuel 41,193 5,981 110,311 17,682
Maintenance, materials and repairs 41,496 33,469 125,501 107,152
Depreciation and amortization 64,149 43,201 190,052 124,825
Travel 25,366 6,903 66,401 20,823
Contracted ground and aviation services 17,190 2,636 47,319 7,464
Rent 4,123 3,274 11,860 10,264
Landing and ramp 2,539 1,211 7,978 3,670
Insurance 1,833 1,696 5,601 4,473
Transaction fees 0 0 373 0
Other operating expenses 16,712 8,380 50,763 20,672
Operating Expenses 325,307 178,092 924,056 533,198
OPERATING INCOME 40,766 26,827 124,776 78,368
OTHER INCOME (EXPENSE)        
Interest income 78 67 255 144
Non-service component of retiree benefit costs (2,351) 2,045 (7,053) 6,135
Non-service component of retiree benefit (costs) credits (16,712) (5,608) 50,906 16,336
Net gain on financial instruments 91,952 17,895 60,566 28,707
Loss from non-consolidated affiliate     12,458 7,600
Other Nonoperating Income (Expense) 70,322 11,752 (9,597) 11,050
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 111,088 38,579 115,179 89,418
INCOME TAX EXPENSE   (5,646) 14,092 16,339
EARNINGS FROM CONTINUING OPERATIONS 105,085 32,933 101,087 73,079
EARNINGS FROM DISCONTINUED OPERATIONS, NET OF TAXES 243 170 305 536
NET EARNINGS $ 105,328 $ 33,103 $ 101,392 $ 73,615
BASIC EARNINGS PER SHARE        
Basic earnings per share from continuing operations (in dollars per share) $ 1.78 $ 0.56 $ 1.72 $ 1.24
Discontinued operations (in dollars per share) 0.01 0 0 0.01
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) 1.79 0.56 1.72 1.25
DILUTED EARNINGS PER SHARE        
Diluted earnings per share from continuing operations (in dollars per share) 0.19 0.24 0.43 0.71
Discontinued operations (in dollars per share) 0.01 0 0 0.01
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ 0.20 $ 0.24 $ 0.43 $ 0.72
WEIGHTED AVERAGE SHARES        
Basic (in shares) 58,919 58,739 58,889 58,773
Diluted (in shares) 68,718 68,323 69,382 68,629