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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
REVENUES $ 1,570,575 $ 1,452,183 $ 892,345
OPERATING EXPENSES      
Salaries, wages and benefits 518,961 433,518 300,514
Fuel 148,383 155,033 39,293
Maintenance, materials and repairs 179,315 170,151 146,692
Depreciation and amortization 278,067 257,532 178,895
Travel 77,382 90,993 34,443
Contracted ground and aviation services 63,564 64,076 16,640
Rent 19,299 16,006 13,899
Landing and ramp 12,468 11,184 5,968
Insurance 9,903 7,342 6,112
Transaction fees 0 373 5,264
Other operating expenses 64,999 68,978 33,607
government grants continuing operations (47,231) 0 0
Operating Expenses 1,364,185 1,275,186 781,327
OPERATING INCOME 206,390 176,997 111,018
OTHER INCOME (EXPENSE)      
Interest income 222 370 251
Non-service component of retiree benefit costs 12,032 (9,404) 8,180
Non-service component of retiree benefit (costs) gains (62,893) (66,644) (28,799)
Net gain (loss) on financial instruments (100,771) (12,302) 7,296
Other Nonoperating Income (Expense) (164,997) (105,425) (23,540)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 41,393 71,572 87,478
INCOME TAX EXPENSE (16,314) (11,589) (19,595)
EARNINGS FROM CONTINUING OPERATIONS 25,079 59,983 67,883
EARNINGS (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAXES 7,036 1,219 1,402
NET EARNINGS $ 32,115 $ 61,202 $ 69,285
BASIC EARNINGS PER SHARE      
Basic earnings per share from continuing operations (in dollars per share) $ 0.42 $ 1.02 $ 1.16
Discontinued operations (in dollars per share) 0.12 0.02 0.02
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) 0.54 1.04 1.18
DILUTED EARNINGS PER SHARE      
Diluted earnings per share from continuing operations (in dollars per share) 0.42 0.78 0.89
Discontinued operations (in dollars per share) 0.12 0.01 0.02
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ 0.54 $ 0.79 $ 0.91
WEIGHTED AVERAGE SHARES      
Basic (in shares) 59,128 58,899 58,765
Diluted (in shares) 59,931 69,348 68,356
Asset Impairment Charges $ 39,075 $ 0 $ 0