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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES $ 485,860 $ 376,088
OPERATING EXPENSES    
Salaries, wages and benefits 161,762 142,016
Fuel 60,358 30,442
Maintenance, materials and repairs 35,709 42,007
Depreciation and amortization 82,071 71,051
Travel 24,199 18,404
Contracted ground and aviation services 18,331 14,803
Rent 6,663 5,868
Landing and ramp 4,578 3,109
Insurance 2,552 3,136
Other operating expenses 19,843 16,423
government grants continuing operations 0 (28,030)
Operating Expenses 416,066 319,229
OPERATING INCOME 69,794 56,859
OTHER INCOME (EXPENSE)    
Interest income 9 19
Non-service component of retiree benefit costs 5,388 4,457
Non-service component of retiree benefit (costs) gains (11,399) (14,522)
Net gain (loss) on financial instruments 2,696 9,472
Other Nonoperating Income (Expense) (4,709) (1,757)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 65,085 55,102
INCOME TAX EXPENSE   (12,812)
EARNINGS FROM CONTINUING OPERATIONS 49,796 42,290
EARNINGS (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAXES 0 0
NET EARNINGS $ 49,796 $ 42,290
BASIC EARNINGS PER SHARE    
Basic earnings per share from continuing operations (in dollars per share) $ 0.67 $ 0.71
Discontinued operations (in dollars per share) 0 0
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) 0.67 0.71
DILUTED EARNINGS PER SHARE    
Diluted earnings per share from continuing operations (in dollars per share) 0.57 0.49
Discontinued operations (in dollars per share) 0 0
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ 0.57 $ 0.49
WEIGHTED AVERAGE SHARES    
Basic (in shares) 73,888 59,447
Diluted (in shares) 88,744 74,744