XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Income Statement [Abstract]    
REVENUES $ 501,095 $ 485,860
OPERATING EXPENSES    
Salaries, wages and benefits 176,715 161,762
Depreciation and amortization 84,728 82,071
Maintenance, materials and repairs 43,833 35,709
Fuel 66,755 60,358
Contracted ground and aviation services 17,788 18,331
Travel 29,553 24,199
Landing and ramp 4,124 4,578
Rent 8,112 6,663
Insurance 2,548 2,552
Other operating expenses 19,516 19,843
Operating expenses 453,672 416,066
OPERATING INCOME 47,423 69,794
OTHER INCOME (EXPENSE)    
Interest income 215 9
Non-service component of retiree benefit (loss) gains (3,218) 5,388
Net (loss) gain on financial instruments (1,740) 2,696
Loss from non-consolidated affiliate (406) (1,403)
Interest expense (15,705) (11,399)
Other Nonoperating Income (Expense) (20,854) (4,709)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 26,569 65,085
INCOME TAX EXPENSE (6,428) (15,289)
EARNINGS FROM CONTINUING OPERATIONS 20,141 49,796
EARNINGS FROM DISCONTINUED OPERATIONS, NET OF TAXES 0 0
NET EARNINGS $ 20,141 $ 49,796
BASIC EARNINGS PER SHARE    
Basic earnings per share from continuing operations (in dollars per share) $ 0.28 $ 0.67
Discontinued operations (in dollars per share) 0 0
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) 0.28 0.67
DILUTED EARNINGS PER SHARE    
Diluted earnings per share from continuing operations (in dollars per share) 0.25 0.57
Discontinued operations (in dollars per share) 0 0
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ 0.25 $ 0.57
WEIGHTED AVERAGE SHARES    
Basic (in shares) 71,802 73,888
Diluted (in shares) 83,057 88,744