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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUES $ 203,607 $ 253,211 $ 406,647 $ 491,128
OPERATING EXPENSES        
Salaries, wages and benefits 74,049 65,833 144,832 138,319
Fuel 5,913 32,258 11,701 67,099
Maintenance, materials and repairs 36,817 37,588 73,683 67,870
Depreciation and amortization 41,620 37,781 81,624 74,223
Travel 7,288 6,820 13,920 14,186
Contracted ground and aviation services 2,444 32,151 4,828 52,838
Rent 3,760 3,753 6,990 7,039
Landing and ramp 1,311 4,357 2,459 9,656
Insurance 1,420 955 2,777 2,217
Other operating expenses 5,087 8,590 12,292 16,626
Operating Expenses 179,709 230,086 355,106 450,073
OPERATING INCOME 23,898 23,125 51,541 41,055
OTHER INCOME (EXPENSE)        
Interest income 54 16 77 48
Non-service component of retiree benefit costs 2,045 (177) 4,090 (354)
Non-service component of retiree benefit costs (5,366) (3,759) 10,728 7,307
Net gain (loss) on financial instruments 11,697 (67,649) 10,812 (65,780)
Other Nonoperating Income (Expense) 6,013 (71,569) (702) (73,393)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 29,911 (48,444) 50,839 (32,338)
INCOME TAX EXPENSE (5,447) (5,474) 10,693 11,784
EARNINGS (LOSS) FROM CONTINUING OPERATIONS 24,464 (53,918) 40,146 (44,122)
EARNINGS FROM DISCONTINUED OPERATIONS, NET OF TAXES 170 192 366 384
NET EARNINGS (LOSS) $ 24,634 $ (53,726) $ 40,512 $ (43,738)
BASIC EARNINGS (LOSS) PER SHARE        
Basic earnings per share from continuing operations (in dollars per share) $ 0.42 $ (0.91) $ 0.68 $ (0.75)
Discontinued operations (in dollars per share) 0.00 0.00 0.01 0.01
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) 0.42 (0.91) 0.69 (0.74)
DILUTED EARNINGS (LOSS) PER SHARE        
Diluted earnings per share from continuing operations (in dollars per share) 0.21 (0.91) 0.48 (0.75)
Discontinued operations (in dollars per share) 0.00 0.00 0.00 0.01
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ 0.21 $ (0.91) $ 0.48 $ (0.74)
WEIGHTED AVERAGE SHARES        
Basic (in shares) 58,739 59,035 58,790 59,084
Diluted (in shares) 68,363 59,035 68,784 59,084