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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUES $ 254,101 $ 193,261 $ 745,229 $ 547,195
OPERATING EXPENSES        
Salaries, wages and benefits 66,706 59,405 205,379 165,471
Fuel 34,035 24,372 101,134 58,171
Maintenance, materials and repairs 33,100 30,196 100,970 90,968
Depreciation and amortization 37,605 33,939 111,828 99,605
Travel 6,357 5,440 20,543 14,926
Contracted ground and aviation services 40,445 12,865 93,283 32,664
Rent 3,052 3,309 10,091 8,515
Landing and ramp 4,682 3,220 14,338 9,523
Insurance 1,234 1,099 3,451 3,335
Other operating expenses 7,962 4,960 24,588 18,409
Operating Expenses 235,178 178,805 685,605 501,587
OPERATING INCOME 18,923 14,456 59,624 45,608
OTHER INCOME (EXPENSE)        
Interest income 37 37 85 98
Interest expense (4,351) (2,897) (11,658) (8,229)
Net loss on financial instruments (34,433) (8,473) (100,213) (3,443)
Charges from non-consolidating affiliate (945) 0 (945) 0
Other Nonoperating Income (Expense) (39,692) (11,333) (112,731) (11,574)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (20,769) 3,123 (53,107) 34,034
INCOME TAX EXPENSE (7,460) (1,007) (19,244) (12,219)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS (28,229) 2,116 (72,351) 21,815
EARNINGS (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAXES (4,655) 47 (4,271) 141
NET EARNINGS (LOSS) $ (32,884) $ 2,163 $ (76,622) $ 21,956
BASIC EARNINGS (LOSS) PER SHARE        
Basic earnings per share from continuing operations (in dollars per share) $ (0.48) $ 0.04 $ (1.23) $ 0.35
Discontinued operations (in dollars per share) (0.08) 0.00 (0.07) 0.00
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) (0.56) 0.04 (1.30) 0.35
DILUTED EARNINGS (LOSS) PER SHARE        
Diluted earnings per share from continuing operations (in dollars per share) (0.48) 0.04 (1.23) 0.34
Discontinued operations (in dollars per share) (0.08) 0.00 (0.07) 0.00
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ (0.56) $ 0.04 $ (1.30) $ 0.34
WEIGHTED AVERAGE SHARES        
Basic (in shares) 58,733 59,379 58,965 62,084
Diluted (in shares) 58,733 60,283 58,965 64,024