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Unaudited Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUES $ 488,410 $ 529,339 $ 973,927 $ 1,030,434
OPERATING EXPENSES        
Salaries, wages and benefits 164,079 170,458 335,561 347,173
Depreciation and amortization 91,879 82,691 182,259 167,419
Maintenance, materials and repairs 46,727 50,436 96,610 94,269
Fuel 65,577 67,271 129,122 134,026
Contracted ground and aviation services 21,726 19,682 37,432 37,470
Travel 32,180 31,222 62,626 60,775
Landing and ramp 4,505 4,744 8,535 8,868
Rent 7,698 8,274 15,230 16,386
Insurance 2,557 2,684 5,293 5,232
Other operating expenses 20,161 22,136 36,934 41,652
Costs and Expenses 457,089 459,598 909,602 913,270
OPERATING INCOME 31,321 69,741 64,325 117,164
OTHER INCOME (EXPENSE)        
Interest income 218 180 457 395
Non-service component of retiree benefit costs (1,086) (3,218) (2,171) (6,436)
Net gain on financial instruments 2,946 1,818 5,301 78
Loss from non-consolidated affiliate (1,254) (2,107) (1,333) (2,513)
Interest expense (21,403) (16,672) (43,391) (32,377)
Nonoperating Income (Expense) (20,579) (19,999) (41,137) (40,853)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 10,742 49,742 23,188 76,311
INCOME TAX EXPENSE (3,314) (11,720) (7,141) (18,148)
EARNINGS FROM CONTINUING OPERATIONS 7,428 38,022 16,047 58,163
Net earnings from discontinued operations 0 0 0 0
NET EARNINGS $ 7,428 $ 38,022 $ 16,047 $ 58,163
BASIC EARNINGS PER SHARE        
Continuing operations (in dollars per share) $ 0.11 $ 0.54 $ 0.25 $ 0.82
Discontinued operations (in dollars per share) 0 0 0 0
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) 0.11 0.54 0.25 0.82
DILUTED EARNINGS PER SHARE        
Continuing operations (in dollars per share) 0.11 0.49 0.24 0.73
Discontinued operations (in dollars per share) 0 0 0 0
TOTAL DILUTED EARNINGS PER SHARE (in dollars per share) $ 0.11 $ 0.49 $ 0.24 $ 0.73
WEIGHTED AVERAGE SHARES        
Basic (in shares) 65,028 70,722 65,000 71,259
Diluted (in shares) 67,301 79,515 67,268 81,276