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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
OPERATING REVENUES:        
Total operating revenues $ 350,039 $ 744,383 $ 1,079,975 $ 1,468,077
OPERATING EXPENSES:        
Salaries, wages and benefits 170,218 243,766 419,379 501,354
Depreciation and amortization 131,638 90,148 243,346 180,134
CARES Act payroll support grant (151,938)   (151,938)  
Special items       21,869
Other operating expenses 38,167 61,948 107,589 125,057
Total operating expenses 354,442 600,290 1,018,057 1,227,565
OPERATING INCOME (LOSS) (4,403) 144,093 61,918 240,512
OTHER INCOME (EXPENSE):        
Interest income 1,685 3,731 4,249 7,538
Interest expense (30,926) (32,770) (61,130) (65,278)
Other income (expense), net 402 281 800 47,006
Total other income (expense), net (28,839) (28,758) (56,081) (10,734)
INCOME (LOSS) BEFORE INCOME TAXES (33,242) 115,335 5,837 229,778
PROVISION (BENEFIT) FOR INCOME TAXES (7,527) 27,283 1,564 53,545
NET INCOME (LOSS) $ (25,715) $ 88,052 $ 4,273 $ 176,233
BASIC EARNINGS (LOSS) PER SHARE (in dollars per share) $ (0.51) $ 1.72 $ 0.09 $ 3.44
DILUTED EARNINGS (LOSS) PER SHARE (in dollars per share) $ (0.51) $ 1.71 $ 0.08 $ 3.40
Weighted average common shares:        
Basic (in shares) 50,140 51,145 50,208 51,293
Diluted (in shares) 50,140 51,477 50,357 51,787
COMPREHENSIVE INCOME (LOSS):        
Net income (loss) $ (25,715) $ 88,052 $ 4,273 $ 176,233
Net unrealized depreciation on debt securities, net of taxes 307   307 32
TOTAL COMPREHENSIVE INCOME (LOSS) (25,408) 88,052 4,580 176,265
Flying agreements        
OPERATING REVENUES:        
Total operating revenues 336,370 725,335 1,045,864 1,425,336
Lease, airport services and other        
OPERATING REVENUES:        
Total operating revenues 13,669 19,048 34,111 42,741
Aircraft maintenance, materials and repairs        
OPERATING EXPENSES:        
Total operating expenses 121,289 124,789 281,505 243,051
Airport related expenses        
OPERATING EXPENSES:        
Total operating expenses 21,550 30,782 52,190 61,429
Aircraft fuel        
OPERATING EXPENSES:        
Total operating expenses 6,821 30,851 32,234 56,507
Aircraft rentals        
OPERATING EXPENSES:        
Total operating expenses $ 16,697 $ 18,006 $ 33,752 $ 38,164