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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
OPERATING REVENUES:        
Total operating revenues $ 789,443 $ 744,783 $ 2,323,680 $ 1,936,328
OPERATING EXPENSES:        
Salaries, wages and benefits 307,727 265,603 896,347 718,868
Aircraft maintenance, materials and repairs 183,182 209,795 506,478 604,501
Depreciation and amortization 97,433 109,597 297,427 329,089
Aircraft fuel 28,179 32,561 85,089 77,622
Airport-related expenses 17,501 25,992 54,196 72,478
Aircraft rentals 16,089 16,098 48,109 47,311
Special items - impairment charges   84,592   84,592
Payroll support grant   (115,352)   (422,669)
Other operating expenses 63,756 68,847 219,808 181,621
Total operating expenses 713,867 697,733 2,107,454 1,693,413
OPERATING INCOME 75,576 47,050 216,226 242,915
OTHER INCOME (EXPENSE):        
Interest income 6,348 238 9,332 732
Interest expense (33,283) (28,980) (92,308) (94,274)
Other income (expense), net 8,112 (4,098) 21,011 (3,802)
Total other expense, net (18,823) (32,840) (61,965) (97,344)
INCOME BEFORE INCOME TAXES 56,753 14,210 154,261 145,571
PROVISION FOR INCOME TAXES 8,381 4,526 34,204 37,993
NET INCOME $ 48,372 $ 9,684 $ 120,057 $ 107,578
BASIC EARNINGS PER SHARE (in dollars per share) $ 0.96 $ 0.19 $ 2.38 $ 2.14
DILUTED EARNINGS PER SHARE (in dollars per share) $ 0.96 $ 0.19 $ 2.37 $ 2.12
Weighted average common shares:        
Basic (in shares) 50,593 50,380 50,531 50,337
Diluted (in shares) 50,636 50,725 50,636 50,726
COMPREHENSIVE INCOME:        
Net income $ 48,372 $ 9,684 $ 120,057 $ 107,578
Net unrealized depreciation on marketable securities, net of taxes (2,624)   (4,569)  
TOTAL COMPREHENSIVE INCOME 45,748 9,684 115,488 107,578
Flying agreements        
OPERATING REVENUES:        
Total operating revenues 763,514 719,084 2,245,351 1,863,242
Lease, airport services and other        
OPERATING REVENUES:        
Total operating revenues $ 25,929 $ 25,699 $ 78,329 $ 73,086