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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
REVENUES $ 529,339 $ 509,668 $ 1,030,434 $ 995,528
OPERATING EXPENSES        
Salaries, wages and benefits 170,458 162,797 347,173 324,559
Depreciation and amortization 82,691 81,372 167,419 163,443
Maintenance, materials and repairs 50,436 39,407 94,269 75,116
Fuel 67,271 73,102 134,026 133,460
Contracted ground and aviation services 19,682 20,153 37,470 38,484
Travel 31,222 28,480 60,775 52,679
Landing and ramp 4,744 4,085 8,868 8,663
Rent 8,274 7,068 16,386 13,731
Insurance 2,684 2,326 5,232 4,878
Other operating expenses 22,136 20,361 41,652 40,204
Operating expenses 459,598 439,151 913,270 855,217
OPERATING INCOME 69,741 70,517 117,164 140,311
OTHER INCOME (EXPENSE)        
Interest income 180 15 395 24
Non-service component of retiree benefit (loss) gains (3,218) 5,388 (6,436) 10,776
Net gain on financial instruments 1,818 6,011 78 8,707
Loss from non-consolidated affiliate (2,107) (3,220) (2,513) (4,623)
Interest expense (16,672) (9,461) (32,377) (20,860)
Other Nonoperating Income (Expense) (19,999) (1,267) (40,853) (5,976)
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 49,742 69,250 76,311 134,335
INCOME TAX EXPENSE (11,720) (15,040) (18,148) (30,329)
EARNINGS FROM CONTINUING OPERATIONS 38,022 54,210 58,163 104,006
EARNINGS FROM DISCONTINUED OPERATIONS, NET OF TAXES 0 882 0 882
NET EARNINGS $ 38,022 $ 55,092 $ 58,163 $ 104,888
BASIC EARNINGS PER SHARE        
Basic earnings per share from continuing operations (in dollars per share) $ 0.54 $ 0.73 $ 0.82 $ 1.41
Discontinued operations (in dollars per share) 0 0.01 0 0.01
TOTAL BASIC EARNINGS PER SHARE (in dollars per share) 0.54 0.74 0.82 1.42
DILUTED EARNINGS PER SHARE        
Diluted earnings per share from continuing operations (in dollars per share) 0.49 0.61 0.73 1.18
Discontinued operations (in dollars per share) 0 0.01 0 0.01
TOTAL DILUTED NET EARNINGS PER SHARE (in dollars per share) $ 0.49 $ 0.62 $ 0.73 $ 1.19
WEIGHTED AVERAGE SHARES        
Basic (in shares) 70,722 73,980 71,259 73,934
Diluted (in shares) 79,515 89,449 81,276 89,098