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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES $ 377,794 $ 334,576 $ 767,071 $ 682,759
OPERATING EXPENSES        
Salaries, wages and benefits 119,503 97,850 245,034 197,191
Fuel 36,787 34,168 80,586 69,118
Maintenance, materials and repairs 43,704 39,467 85,381 84,005
Depreciation and amortization 68,291 63,266 137,633 125,903
Travel 17,315 20,937 38,972 41,035
Contracted ground and aviation services 13,546 14,531 27,895 30,129
Rent 5,198 3,984 8,684 7,737
Landing and ramp 2,772 2,391 5,517 5,439
Insurance 2,508 1,857 4,176 3,768
Other Cost and Expense, Operating 15,738 18,643 30,954 34,051
Transaction fees 0 0 0 373
Operating Expenses 354,616 297,094 694,086 598,749
OPERATING INCOME 23,178 37,482 72,985 84,010
OTHER INCOME (EXPENSE)        
Interest income 12 81 124 177
Non-service component of retiree benefit costs 2,898 (2,351) 5,796 (4,702)
Non-service component of retiree benefit gains (costs) (16,045) (16,804) (32,368) (34,194)
Net loss on financial instruments (109,723) (35,886) (2,679) (31,386)
Other Nonoperating Income (Expense) (129,371) (60,958) (38,404) (79,919)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (106,193) (23,476) 34,581 4,091
INCOME TAX (EXPENSE) BENEFIT   (3,156) (6,010) (8,089)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS (105,162) (26,632) 28,571 (3,998)
EARNINGS FROM DISCONTINUED OPERATIONS, NET OF TAXES 236 31 4,008 62
NET EARNINGS (LOSS) $ (104,926) $ (26,601) $ 32,579 $ (3,936)
BASIC EARNINGS PER SHARE        
Basic earnings per share from continuing operations (in dollars per share) $ (1.78) $ (0.45) $ 0.48 $ (0.07)
Discontinued operations (in dollars per share) 0.01 0 0.07 0
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) (1.77) (0.45) 0.55 (0.07)
DILUTED EARNINGS PER SHARE        
Diluted earnings per share from continuing operations (in dollars per share) (1.78) (0.45) 0.14 (0.07)
Discontinued operations (in dollars per share) 0.01 0 0.05 0
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ (1.77) $ (0.45) $ 0.19 $ (0.07)
WEIGHTED AVERAGE SHARES        
Basic (in shares) 59,130 58,909 59,085 58,874
Diluted (in shares) 59,130 58,909 68,104 58,874
Asset Impairment Charges $ 39,075 $ 0 $ 39,075 $ 0
Income Tax (Expense) Benefit, Continuing Operations, Government Grants (9,821) 0 (9,821) 0
Significant Reconciling Items [Member]        
OTHER INCOME (EXPENSE)        
Non-service component of retiree benefit gains (costs) (681) (903) (1,336) (1,683)
Loss from non-consolidated affiliates $ (6,513) $ (5,998) $ (9,277) $ (9,814)