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Unaudited Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUES $ 153,554 $ 193,061 $ 299,060 $ 368,188
OPERATING EXPENSES        
Salaries, wages and benefits 44,570 45,326 91,674 91,674
Fuel 14,084 48,640 27,924 88,316
Maintenance, materials and repairs 25,270 22,380 48,384 43,686
Depreciation and amortization 21,514 23,878 41,814 46,249
Travel 5,566 6,918 11,544 13,228
Rent 6,244 5,434 11,974 11,074
Landing and ramp 3,880 6,032 7,946 12,437
Insurance 1,826 2,394 3,836 4,744
Other operating expenses 8,998 9,258 18,560 18,550
Operating Expenses 131,952 170,260 263,656 329,958
OPERATING INCOME 21,602 22,801 35,404 38,230
OTHER INCOME (EXPENSE)        
Interest income 38 33 66 99
Interest expense (3,671) (3,537) (7,218) (7,640)
Net gain (loss) on derivative instruments 202 376 662 (3,556)
Write-off of unamortized debt issuance costs 0 (16) 0 (2,886)
Other Nonoperating Income (Expense) (3,431) (3,144) (6,490) (13,983)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 18,171 19,657 28,914 24,247
INCOME TAX EXPENSE (6,952) (7,377) (11,033) (9,086)
EARNINGS FROM CONTINUING OPERATIONS 11,219 12,280 17,881 15,161
EARNINGS (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAXES (160) 19 (390) (98)
NET EARNINGS $ 11,059 $ 12,299 $ 17,491 $ 15,063
BASIC EARNINGS PER SHARE        
Continuing operations (in dollars per share) $ 0.18 $ 0.19 $ 0.28 $ 0.24
Discontinued operations (in dollars per share) $ (0.01) $ 0.00 $ 0.00 $ 0.00
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) $ 0.17 $ 0.19 $ 0.28 $ 0.24
DILUTED EARNINGS PER SHARE        
Continuing operations (in dollars per share) $ 0.17 $ 0.19 $ 0.28 $ 0.24
Discontinued operations (in dollars per share) $ 0.00 $ 0.00 $ (0.01) $ 0.00
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ 0.17 $ 0.19 $ 0.27 $ 0.24
WEIGHTED AVERAGE SHARES        
Basic (in shares) 63,431 63,333 63,431 63,233
Diluted (in shares) 64,393 64,172 64,383 64,055