XML 18 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING REVENUES:    
Total operating revenues $ 534,555 $ 729,936
OPERATING EXPENSES:    
Salaries, wages and benefits 219,842 249,160
Depreciation and amortization 109,597 111,708
Payroll support grant (193,173)  
Other operating expenses 54,488 69,422
Total operating expenses 453,713 663,615
OPERATING INCOME 80,842 66,321
OTHER INCOME (EXPENSE):    
Interest income 284 2,564
Interest expense (31,354) (30,204)
Other income, net 216 398
Total other expense, net (30,854) (27,242)
INCOME BEFORE INCOME TAXES 49,988 39,079
PROVISION FOR INCOME TAXES 14,088 9,091
NET INCOME $ 35,900 $ 29,988
BASIC EARNINGS PER SHARE (in dollars per share) $ 0.71 $ 0.60
DILUTED EARNINGS PER SHARE (in dollars per share) $ 0.71 $ 0.59
Weighted average common shares:    
Basic (in shares) 50,286 50,277
Diluted (in shares) 50,727 50,559
COMPREHENSIVE INCOME:    
Net income $ 35,900 $ 29,988
TOTAL COMPREHENSIVE INCOME 35,900 29,988
Flying agreements    
OPERATING REVENUES:    
Total operating revenues 511,191 709,494
Lease, airport services and other    
OPERATING REVENUES:    
Total operating revenues 23,364 20,442
Aircraft maintenance, materials and repairs    
OPERATING EXPENSES:    
Total operating expenses 203,827 160,216
Airport-related expenses    
OPERATING EXPENSES:    
Total operating expenses 24,448 30,640
Aircraft fuel    
OPERATING EXPENSES:    
Total operating expenses 19,194 25,413
Aircraft rentals    
OPERATING EXPENSES:    
Total operating expenses $ 15,490 $ 17,056