XML 16 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUES $ 204,919 $ 254,101 $ 611,566 $ 745,229
OPERATING EXPENSES        
Salaries, wages and benefits 71,341 61,177 216,173 199,496
Fuel 5,981 34,035 17,682 101,134
Maintenance, materials and repairs 33,469 33,100 107,152 100,970
Depreciation and amortization 43,201 37,605 124,825 111,828
Travel 6,903 6,357 20,823 20,543
Contracted ground and aviation services 2,636 40,445 7,464 93,283
Rent 3,274 3,052 10,264 10,091
Landing and ramp 1,211 4,682 3,670 14,338
Insurance 1,696 1,234 4,473 3,451
Other operating expenses 8,380 7,962 20,672 24,588
Operating Expenses 178,092 229,649 533,198 679,722
OPERATING INCOME 26,827 24,452 78,368 65,507
OTHER INCOME (EXPENSE)        
Interest income 67 37 144 85
Non-service component of retiree benefit costs 2,045 (5,529) 6,135 (5,883)
Non-service component of retiree benefit costs (5,608) (4,351) (16,336) (11,658)
Net gain (loss) on financial instruments 17,895 (34,433) 28,707 (100,213)
Other Nonoperating Income (Expense) 11,752 (45,221) 11,050 (118,614)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 38,579 (20,769) 89,418 (53,107)
INCOME TAX EXPENSE (5,646) (7,460) 16,339 19,244
EARNINGS (LOSS) FROM CONTINUING OPERATIONS 32,933 (28,229) 73,079 (72,351)
EARNINGS (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAXES 170 (4,655) 536 (4,271)
NET EARNINGS (LOSS) $ 33,103 $ (32,884) $ 73,615 $ (76,622)
BASIC EARNINGS (LOSS) PER SHARE        
Basic earnings per share from continuing operations (in dollars per share) $ 0.56 $ (0.48) $ 1.24 $ (1.23)
Discontinued operations (in dollars per share) 0.00 (0.08) 0.01 (0.07)
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) 0.56 (0.56) 1.25 (1.30)
DILUTED EARNINGS (LOSS) PER SHARE        
Diluted earnings per share from continuing operations (in dollars per share) 0.24 (0.48) 0.71 (1.23)
Discontinued operations (in dollars per share) 0.00 (0.08) 0.01 (0.07)
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ 0.24 $ (0.56) $ 0.72 $ (1.30)
WEIGHTED AVERAGE SHARES        
Basic (in shares) 58,739 58,733 58,773 58,965
Diluted (in shares) 68,323 58,733 68,629 58,965