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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES $ 404,146 $ 366,073 $ 1,171,217 $ 1,048,832
OPERATING EXPENSES        
Salaries, wages and benefits 128,608 110,706 373,642 307,897
Fuel 36,202 41,193 116,788 110,311
Maintenance, materials and repairs 48,767 41,496 134,148 125,501
Depreciation and amortization 67,974 64,149 205,607 190,052
Travel 20,254 25,366 59,226 66,401
Contracted ground and aviation services 19,840 17,190 47,735 47,319
Rent 5,137 4,123 13,821 11,860
Landing and ramp 3,378 2,539 8,895 7,978
Insurance 3,119 1,833 7,295 5,601
Other Cost and Expense, Operating 18,623 16,712 49,577 50,763
Transaction fees 0 0 0 373
Operating Expenses 330,176 325,307 1,024,262 924,056
OPERATING INCOME 73,970 40,766 146,955 124,776
OTHER INCOME (EXPENSE)        
Interest income 93 78 217 255
Non-service component of retiree benefit costs 2,897 (2,351) 8,693 (7,053)
Non-service component of retiree benefit gains (costs) (15,440) (16,712) (47,808) (50,906)
Net (loss) gain on financial instruments (53,393) 91,952 (56,072) 60,566
Other Nonoperating Income (Expense) (68,328) 70,322 (106,732) (9,597)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 5,642 111,088 40,223 115,179
INCOME TAX EXPENSE   (6,003) (17,397) (14,092)
EARNINGS (LOSS) FROM CONTINUING OPERATIONS (5,745) 105,085 22,826 101,087
EARNINGS FROM DISCONTINUED OPERATIONS, NET OF TAXES 154 243 4,162 305
NET EARNINGS (LOSS) $ (5,591) $ 105,328 $ 26,988 $ 101,392
BASIC EARNINGS PER SHARE        
Basic earnings per share from continuing operations (in dollars per share) $ (0.10) $ 1.78 $ 0.39 $ 1.72
Discontinued operations (in dollars per share) 0.01 0.01 0.07 0
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) (0.09) 1.79 0.46 1.72
DILUTED EARNINGS PER SHARE        
Diluted earnings per share from continuing operations (in dollars per share) (0.10) 0.19 0.38 0.43
Discontinued operations (in dollars per share) 0.01 0.01 0.07 0
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ (0.09) $ 0.20 $ 0.45 $ 0.43
WEIGHTED AVERAGE SHARES        
Basic (in shares) 59,146 58,919 59,106 58,889
Diluted (in shares) 59,146 68,718 59,863 69,382
Asset Impairment Charges $ 0 $ 0 $ 39,075 $ 0
Income Tax (Expense) Benefit, Continuing Operations, Government Grants (21,726) 0 (31,547) 0
Significant Reconciling Items [Member]        
OTHER INCOME (EXPENSE)        
Non-service component of retiree benefit gains (costs) (797) (610) (2,133) (2,293)
Loss from non-consolidated affiliates $ (2,485) $ (2,645) $ (11,762) $ (12,459)