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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
REVENUES $ 389,277 $ 348,183
OPERATING EXPENSES    
Salaries, wages and benefits 125,531 99,341
Fuel 43,799 34,950
Maintenance, materials and repairs 41,677 44,538
Depreciation and amortization 69,342 62,637
Travel 21,657 20,098
Contracted ground and aviation services 14,349 15,598
Rent 3,486 3,753
Landing and ramp 2,745 3,048
Insurance 1,668 1,911
Transaction fees 0 373
Other operating expenses 15,216 15,408
Operating Expenses 339,470 301,655
OPERATING INCOME 49,807 46,528
OTHER INCOME (EXPENSE)    
Interest income 112 96
Non-service component of retiree benefit costs 2,898 (2,351)
Non-service component of retiree benefit gains (costs) (16,323) (17,390)
Net gain on financial instruments 107,044 4,500
Other Nonoperating Income (Expense) 90,967 (18,961)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 140,774 27,567
INCOME TAX EXPENSE   (4,933)
EARNINGS FROM CONTINUING OPERATIONS 133,733 22,634
EARNINGS FROM DISCONTINUED OPERATIONS, NET OF TAXES 3,772 31
NET EARNINGS $ 137,505 $ 22,665
BASIC EARNINGS PER SHARE    
Basic earnings per share from continuing operations (in dollars per share) $ 2.27 $ 0.38
Discontinued operations (in dollars per share) 0.06 0.01
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) 2.33 0.39
DILUTED EARNINGS PER SHARE    
Diluted earnings per share from continuing operations (in dollars per share) 0.84 0.25
Discontinued operations (in dollars per share) 0.06 0
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ 0.90 $ 0.25
WEIGHTED AVERAGE SHARES    
Basic (in shares) 59,040 58,838
Diluted (in shares) 67,947 60,437