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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
OPERATING REVENUES:        
Passenger $ 488,989 $ 516,251 $ 1,663,423 $ 1,768,274
Third party products 39,423 30,944 109,924 85,886
Fixed fee contracts 20,559 17,741 57,119 43,599
Resort and other 13,225 423 54,418 1,096
Total operating revenues 562,196 565,359 1,884,884 1,898,855
OPERATING EXPENSES:        
Salaries and benefits 195,326 163,004 618,595 499,798
Aircraft fuel 148,241 167,861 488,388 520,018
Station operations 70,632 64,630 206,898 192,864
Depreciation and amortization 63,918 55,816 193,122 164,430
Sales and marketing 24,869 28,468 83,266 85,265
Maintenance and repairs 30,278 35,477 91,286 95,553
Aircraft lease rentals 5,920 5,906 17,653 18,973
Other 40,563 29,432 121,671 91,757
Special charges, net of recoveries 8,790 32,648 40,002 19,828
Total operating expenses 588,537 583,242 1,860,881 1,688,486
OPERATING INCOME (LOSS) (26,341) (17,883) 24,003 210,369
OTHER (INCOME) EXPENSES:        
Interest expense 39,065 39,233 118,769 112,707
Capitalized interest (11,923) (14,888) (34,718) (28,949)
Interest income (10,071) (12,444) (33,441) (34,418)
Other, net 30 135 146 185
Total other expenses 17,101 12,036 50,756 49,525
INCOME (LOSS) BEFORE INCOME TAXES (43,442) (29,919) (26,753) 160,844
INCOME TAX PROVISION (BENEFIT) (6,653) (4,853) (2,745) 41,292
NET INCOME (LOSS) $ (36,789) $ (25,066) $ (24,008) $ 119,552
Earnings (loss) per share to common shareholders:        
Basic (in dollars per share) $ (2.05) $ (1.44) $ (1.38) $ 6.44
Diluted (in dollars per share) $ (2.05) $ (1.44) $ (1.38) $ 6.43
Shares used for computation:        
Basic (in shares) 17,913 17,721 17,802 17,879
Diluted (in shares) 17,913 17,721 17,802 17,913
Cash dividends declared per share (in dollars per share) $ 0 $ 0.60 $ 1.20 $ 0.60