Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
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| Income Statement [Abstract] | |||
| Operating Revenue | $ 4,549,104 | $ 4,030,829 | $ 3,211,116 |
| Operating Expenses | |||
| Aircraft fuel | 1,335,622 | 824,928 | 440,649 |
| Salaries, wages and benefits | 1,135,153 | 924,440 | 737,963 |
| Maintenance, materials and repairs | 425,959 | 472,537 | 506,297 |
| Depreciation and amortization | 303,220 | 281,209 | 257,672 |
| Travel | 211,902 | 162,986 | 154,792 |
| Navigation fees, landing fees and other rent | 159,212 | 184,060 | 155,107 |
| Passenger and ground handling services | 140,381 | 156,962 | 138,822 |
| Aircraft rent | 52,268 | 67,745 | 96,865 |
| Loss (gain) on disposal of flight equipment | 3,098 | (794) | (7,248) |
| Special charge | 16,215 | 0 | 16,265 |
| Transaction-related expenses | 9,746 | 1,001 | 2,780 |
| Other | 233,934 | 244,461 | 216,384 |
| Total Operating Expenses | 4,026,710 | 3,319,535 | 2,716,348 |
| Operating Income | 522,394 | 711,294 | 494,768 |
| Non-operating Expenses (Income) | |||
| Interest income | (8,755) | (723) | (1,076) |
| Interest expense | 81,692 | 107,492 | 114,635 |
| Capitalized interest | (12,683) | (8,316) | (925) |
| Loss on early extinguishment of debt | 689 | 6,042 | 81 |
| Unrealized loss on financial instruments | 0 | 113 | 71,053 |
| Other (income) expense, net | (185) | (40,705) | (185,742) |
| Total Non-operating Expenses (Income) | 60,758 | 63,903 | (1,974) |
| Income before income taxes | 461,636 | 647,391 | 496,742 |
| Income tax expense | 105,756 | 154,074 | 136,456 |
| Net Income | $ 355,880 | $ 493,317 | $ 360,286 |
| Earnings per share: | |||
| Basic | $ 12.50 | $ 17.06 | $ 13.64 |
| Diluted | $ 10.53 | $ 16.16 | $ 13.50 |
| Weighted average shares: | |||
| Basic | 28,463 | 28,910 | 26,408 |
| Diluted | 34,190 | 30,543 | 26,690 |
| X | ||||||||||
- Definition Expenses incurred related to passenger catering and ground handling from outside third parties that are used in the entity's business operations. No definition available.
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| X | ||||||||||
- Definition Expenses incurred related to the lease of aircraft from outside third parties that are used in the entity's business operations. No definition available.
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- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Cost of maintenance incurred and directly related to good produced and service rendered. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of expense for allocation of cost of tangible and intangible assets over their useful lives directly used in production of good and rendering of service. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The cost for fuel, incurred during the period, before considering the impacts of any related hedging activities. No definition available.
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| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of interest costs capitalized disclosed as an adjusting item to interest costs incurred. No definition available.
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| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense for debt. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Direct costs incurred at airports in which the entity conducts flight operations. The costs primarily consist of fees paid to the airport authority for takeoff and landing, gate space and facilities, allocations of common space such as security and other terminal costs and fuel storage facilities. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- References No definition available.
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Expenses incurred for travel and entertainment during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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