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Consolidated Statements of Operations - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES $ 516,916,000 $ 465,955,000 $ 1,512,444,000 $ 1,251,915,000
OPERATING EXPENSES        
Salaries, wages and benefits 169,967,000 148,074,000 494,526,000 431,614,000
Fuel 68,620,000 50,176,000 202,080,000 117,210,000
Maintenance, materials and repairs 41,541,000 43,751,000 116,657,000 131,671,000
Depreciation and amortization 83,283,000 77,751,000 246,726,000 224,435,000
Travel 29,865,000 24,928,000 82,544,000 61,833,000
Contracted ground and aviation services 18,278,000 21,620,000 56,762,000 55,217,000
Rent 8,383,000 5,807,000 22,114,000 17,401,000
Landing and ramp 4,210,000 4,027,000 12,873,000 10,162,000
Insurance 2,346,000 3,178,000 7,224,000 9,382,000
Other operating expenses 17,764,000 17,205,000 57,968,000 48,378,000
Operating Expenses 444,257,000 366,195,000 1,299,474,000 1,010,677,000
OPERATING INCOME 72,659,000 99,760,000 212,970,000 241,238,000
OTHER INCOME (EXPENSE)        
Interest income 56,000 8,000 80,000 36,000
Non-service component of retiree benefit costs 4,635,000 4,457,000 15,411,000 13,370,000
Write off of Deferred Debt Issuance Cost 0 0 0 (6,505,000)
Non-service component of retiree benefit (costs) gains (12,167,000) (14,459,000) (33,027,000) (44,002,000)
Net gain (loss) on financial instruments 695,000 (7,378,000) 9,402,000 37,797,000
Other Nonoperating Income (Expense) (7,735,000) (18,519,000) (13,711,000) (669,000)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 64,924,000 81,241,000 199,259,000 240,569,000
INCOME TAX EXPENSE   (18,878,000) (45,065,000) (56,047,000)
EARNINGS FROM CONTINUING OPERATIONS 50,188,000 62,363,000 154,194,000 184,522,000
EARNINGS (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAXES 854,000 2,309,000 1,736,000 2,374,000
NET EARNINGS $ 51,042,000 $ 64,672,000 $ 155,930,000 $ 186,896,000
BASIC EARNINGS PER SHARE        
Basic earnings per share from continuing operations (in dollars per share) $ 0.68 $ 0.85 $ 2.08 $ 2.75
Discontinued operations (in dollars per share) 0.01 0.03 0.03 0.03
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) 0.69 0.88 2.11 2.78
DILUTED EARNINGS PER SHARE        
Diluted earnings per share from continuing operations (in dollars per share) 0.57 0.81 1.76 2.14
Discontinued operations (in dollars per share) 0.01 0.03 0.02 0.03
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ 0.58 $ 0.84 $ 1.78 $ 2.17
WEIGHTED AVERAGE SHARES        
Basic (in shares) 73,998 73,721 73,956 67,177
Diluted (in shares) 88,746 76,743 88,980 75,277
Income Tax (Expense) Benefit, Continuing Operations, Government Grants $ 0 $ (30,322,000) $ 0 $ (96,626,000)
Accounting Standards Update 2014-09 [Member]        
OTHER INCOME (EXPENSE)        
INCOME TAX EXPENSE 14,736,000      
Significant Reconciling Items [Member]        
OTHER INCOME (EXPENSE)        
Non-service component of retiree benefit (costs) gains (510,000) (371,000) (1,391,000) (1,995,000)
Income (Loss) from Equity Method Investments $ (954,000) $ (1,147,000) $ (5,577,000) $ (1,365,000)