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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
REVENUES $ 376,088 $ 389,277
OPERATING EXPENSES    
Salaries, wages and benefits 142,016 125,531
Fuel 30,442 43,799
Maintenance, materials and repairs 42,007 41,677
Depreciation and amortization 71,051 69,342
Travel 18,404 21,657
Contracted ground and aviation services 14,803 14,349
Rent 5,868 3,486
Landing and ramp 3,109 2,745
Insurance 3,136 1,668
Other operating expenses 16,423 15,216
government grants continuing operations (28,030) 0
Operating Expenses 319,229 339,470
OPERATING INCOME 56,859 49,807
OTHER INCOME (EXPENSE)    
Interest income 19 112
Non-service component of retiree benefit costs 4,457 2,898
Non-service component of retiree benefit gains (14,522) (16,323)
Net gain on financial instruments 9,472 107,044
Other Nonoperating Income (Expense) (1,757) 90,967
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 55,102 140,774
INCOME TAX EXPENSE   (7,041)
EARNINGS FROM CONTINUING OPERATIONS 42,290 133,733
EARNINGS (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAXES 0 3,772
NET EARNINGS $ 42,290 $ 137,505
BASIC EARNINGS PER SHARE    
Basic earnings per share from continuing operations (in dollars per share) $ 0.71 $ 2.27
Discontinued operations (in dollars per share) 0 0.06
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) 0.71 2.33
DILUTED EARNINGS PER SHARE    
Diluted earnings per share from continuing operations (in dollars per share) 0.49 0.84
Discontinued operations (in dollars per share) $ 0 $ 0.06
WEIGHTED AVERAGE SHARES    
Basic (in shares) 59,447 59,040
Diluted (in shares) 74,744 67,947