Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Data (Unaudited)

Quarterly Financial Data (Unaudited)

(15) Quarterly Financial Data (Unaudited)

Unaudited summarized financial data by quarter for 2019 and 2018 is as follows (in thousands, except per share data):

	Year ended December 31, 2019
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter		Year
Operating revenues	$	723,694	$	744,383	$	760,295	$	743,591	$	2,971,963
Operating income		96,419		144,093		146,441		125,305		512,258
Net income (1)		88,181		88,052		91,339		72,527		340,099
Net income per common share:
Basic		1.71		1.72		1.80		1.44		6.68
Diluted		1.69		1.71		1.79		1.43		6.62
Weighted average common shares:
Basic:		51,440		51,145		50,746		50,395		50,932
Diluted:		52,098		51,477		51,129		50,796		51,375

(1) Net income for the first quarter of 2019 included a $46.5 million gain related to the sale of ExpressJet (see Note 13 Gain on Sale of ExpressJet for more details) and a $21.9 million special charge (see Note 8 Special Items for more details).

	Year ended December 31, 2018
	First		Second		Third		Fourth
	Quarter		Quarter		Quarter		Quarter		Year
Operating revenues	$	783,400	$	805,515	$	829,275	$	803,489	$	3,221,679
Operating income		88,175		126,678		137,925		121,502		474,280
Net income		54,362		75,859		83,046		67,105		280,372
Net income per common share:
Basic		1.05		1.46		1.60		1.30		5.40
Diluted		1.03		1.43		1.57		1.28		5.30
Weighted average common shares:
Basic:		51,921		52,046		52,039		51,650		51,914
Diluted:		53,033		52,913		52,981		52,556		52,871