XML 16 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUES $ 253,211 $ 176,549 $ 491,128 $ 353,934
OPERATING EXPENSES        
Salaries, wages and benefits 66,010 53,647 138,673 106,066
Fuel 32,258 17,168 67,099 33,799
Maintenance, materials and repairs 37,588 30,345 67,870 60,772
Depreciation and amortization 37,781 33,132 74,223 65,666
Travel 6,820 4,678 14,186 9,486
Contracted ground and aviation services 32,151 8,931 52,838 19,799
Rent 3,753 2,579 7,039 5,206
Landing and ramp 4,357 2,652 9,656 6,303
Insurance 955 1,087 2,217 2,236
Other operating expenses 8,590 6,529 16,626 13,449
Operating Expenses 230,263 160,748 450,427 322,782
OPERATING INCOME 22,948 15,801 40,701 31,152
OTHER INCOME (EXPENSE)        
Interest income 16 37 48 61
Interest expense (3,759) (2,633) (7,307) (5,332)
Net gain (loss) on financial instruments (67,649) 5,558 (65,780) 5,030
Other Nonoperating Income (Expense) (71,392) 2,962 (73,039) (241)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (48,444) 18,763 (32,338) 30,911
INCOME TAX EXPENSE (5,474) (7,235) (11,784) (11,212)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS (53,918) 11,528 (44,122) 19,699
EARNINGS FROM DISCONTINUED OPERATIONS, NET OF TAXES 192 47 384 94
NET EARNINGS (LOSS) $ (53,726) $ 11,575 $ (43,738) $ 19,793
BASIC EARNINGS (LOSS) PER SHARE        
Basic earnings per share from continuing operations (in dollars per share) $ (0.91) $ 0.18 $ (0.75) $ 0.31
Discontinued operations (in dollars per share) 0.00 0.00 0.01 0.00
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) (0.91) 0.18 (0.74) 0.31
DILUTED EARNINGS (LOSS) PER SHARE        
Diluted earnings per share from continuing operations (in dollars per share) (0.91) 0.12 (0.75) 0.25
Discontinued operations (in dollars per share) 0.00 0.00 0.01 0.00
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ (0.91) $ 0.12 $ (0.74) $ 0.25
WEIGHTED AVERAGE SHARES        
Basic (in shares) 59,035 63,267 59,084 63,452
Diluted (in shares) 59,035 66,763 59,084 65,910