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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING REVENUES:      
Total operating revenues $ 2,127,106 $ 2,971,963 $ 3,221,679
OPERATING EXPENSES:      
Salaries, wages and benefits 826,109 1,001,746 1,201,518
Depreciation and amortization 474,959 368,098 334,589
CARES Act payroll support grant (345,491)    
Special items   21,869  
Other operating expenses 222,797 243,729 272,826
Total operating expenses 2,018,304 2,459,705 2,747,399
OPERATING INCOME 108,802 512,258 474,280
OTHER INCOME (EXPENSE):      
Interest income 5,879 14,131 8,823
Interest expense (123,173) (127,755) (120,409)
Other, net 1,165 47,671 3,620
Total other expense, net (116,129) (65,953) (107,966)
INCOME (LOSS) BEFORE INCOME TAXES (7,327) 446,305 366,314
PROVISION FOR INCOME TAXES 1,188 106,206 85,942
NET INCOME (LOSS) $ (8,515) $ 340,099 $ 280,372
BASIC EARNINGS (LOSS) PER SHARE (in dollars per share) $ (0.17) $ 6.68 $ 5.40
DILUTED EARNINGS (LOSS) PER SHARE (in dollars per share) $ (0.17) $ 6.62 $ 5.30
Weighted average common shares:      
Basic (in shares) 50,195,000 50,932,000 51,914,000
Diluted (in shares) 50,195,000 51,375,000 52,871,000
COMPREHENSIVE INCOME (LOSS):      
Net income (loss) $ (8,515) $ 340,099 $ 280,372
Net unrealized appreciation on marketable securities, net of taxes   32 18
TOTAL COMPREHENSIVE INCOME (LOSS) (8,515) 340,131 280,390
Flying agreements      
OPERATING REVENUES:      
Total operating revenues 2,060,801 2,889,265 3,169,520
Lease, airport services and other      
OPERATING REVENUES:      
Total operating revenues 66,305 82,698 52,159
Aircraft maintenance, materials and repairs      
OPERATING EXPENSES:      
Total operating expenses 618,989 514,313 556,259
Aircraft fuel      
OPERATING EXPENSES:      
Total operating expenses 61,739 119,115 117,657
Airport related expenses      
OPERATING EXPENSES:      
Total operating expenses 93,886 118,837 109,605
Aircraft rentals      
OPERATING EXPENSES:      
Total operating expenses $ 65,316 $ 71,998 $ 154,945