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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
REVENUES $ 1,734,282 $ 1,570,575 $ 1,452,183
OPERATING EXPENSES      
Salaries, wages and benefits 591,280 518,961 433,518
Fuel 173,600 148,383 155,033
Maintenance, materials and repairs 173,364 179,315 170,151
Depreciation and amortization 308,448 278,067 257,532
Travel 86,601 77,382 90,993
Contracted ground and aviation services 75,724 63,564 64,076
Rent 23,695 19,299 16,006
Landing and ramp 14,244 12,468 11,184
Insurance 12,588 9,903 7,342
Transaction fees 0 0 373
Other operating expenses 65,179 64,999 68,978
government grants continuing operations (111,673) (47,231) 0
Operating Expenses 1,413,050 1,364,185 1,275,186
OPERATING INCOME 321,232 206,390 176,997
OTHER INCOME (EXPENSE)      
Interest income 39 222 370
Non-service component of retiree benefit costs 17,827 12,032 (9,404)
Write off of Deferred Debt Issuance Cost (6,505) 0 0
Non-service component of retiree benefit (costs) gains (58,790) (62,893) (66,644)
Net gain (loss) on financial instruments 29,979 (100,771) (12,302)
Other Nonoperating Income (Expense) (20,027) (164,997) (105,425)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 301,205 41,393 71,572
INCOME TAX EXPENSE (72,224) (16,314) (11,589)
EARNINGS FROM CONTINUING OPERATIONS 228,980 25,079 59,983
EARNINGS (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAXES 2,440 7,036 1,219
NET EARNINGS $ 231,420 $ 32,115 $ 61,202
BASIC EARNINGS PER SHARE      
Basic earnings per share from continuing operations (in dollars per share) $ 3.33 $ 0.42 $ 1.02
Discontinued operations (in dollars per share) 0.03 0.12 0.02
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) 3.36 0.54 1.04
DILUTED EARNINGS PER SHARE      
Diluted earnings per share from continuing operations (in dollars per share) 2.80 0.42 0.78
Discontinued operations (in dollars per share) 0.03 0.12 0.01
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ 2.83 $ 0.54 $ 0.79
WEIGHTED AVERAGE SHARES      
Basic (in shares) 68,853 59,128 58,899
Diluted (in shares) 76,216 59,931 69,348
Asset Impairment Charges $ 0 $ 39,075 $ 0