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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
REVENUES $ 1,452,183 $ 892,345 $ 1,068,200
OPERATING EXPENSES      
Salaries, wages and benefits 433,518 300,514 276,106
Fuel 155,033 39,293 149,579
Maintenance, materials and repairs 170,151 146,692 141,575
Depreciation and amortization 257,532 178,895 154,556
Travel 90,993 34,443 27,390
Contracted ground and aviation services 64,076 16,640 147,092
Rent 16,006 13,899 13,629
Landing and ramp 11,184 5,968 22,271
Insurance 7,342 6,112 4,820
Transaction fees 373 5,264 0
Other operating expenses 68,978 33,607 31,782
Operating Expenses 1,275,186 781,327 968,800
OPERATING INCOME 176,997 111,018 99,400
OTHER INCOME (EXPENSE)      
Interest income 370 251 116
Non-service component of retiree benefit costs (9,404) 8,180 (6,105)
Non-service component of retiree benefit (costs) gains (66,644) (28,799) (17,023)
Net gain (loss) on financial instruments (12,302) 7,296 (79,789)
Other Nonoperating Income (Expense) (105,425) (23,540) (105,936)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 71,572 87,478 (6,536)
INCOME TAX BENEFIT (EXPENSE) (11,589) (19,595) 28,276
EARNINGS FROM CONTINUING OPERATIONS 59,983 67,883 21,740
EARNINGS (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAXES 1,219 1,402 (3,245)
NET EARNINGS $ 61,202 $ 69,285 $ 18,495
BASIC EARNINGS (LOSS) PER SHARE      
Basic earnings per share from continuing operations (in dollars per share) $ 1.02 $ 1.16 $ 0.37
Discontinued operations (in dollars per share) 0.02 0.02 (0.06)
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) 1.04 1.18 0.31
DILUTED EARNINGS (LOSS) PER SHARE      
Diluted earnings per share from continuing operations (in dollars per share) 0.78 0.89 0.36
Discontinued operations (in dollars per share) 0.01 0.02 (0.05)
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ 0.79 $ 0.91 $ 0.31
WEIGHTED AVERAGE SHARES      
Basic (in shares) 58,899 58,765 58,907
Diluted (in shares) 69,348 68,356 59,686