XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating Revenues        
Total Operating Revenues $ 50,056 $ 68,410 $ 160,260 $ 213,315
Operating Expenses        
Payroll and related costs 29,444 26,801 89,165 81,096
Aircraft fuel and oil 115 49 438 134
Aircraft maintenance, materials and repairs 11,175 17,494 48,393 48,331
Other rents 1,459 1,617 4,527 4,887
Depreciation, amortization and obsolescence 6,398 6,639 19,125 19,957
Purchased services, legal and other 6,537 3,310 18,511 10,589
Total Operating Expenses 55,128 55,910 180,159 164,994
(Loss) Income from Operations (5,072) 12,500 (19,899) 48,321
Other Income (Expense)        
Interest income 1,540 1,732 4,335 3,898
Interest expense 0 0 (12) 0
Loss on marketable securities (955) (3,749) (10) (9,774)
Gain on extinguishment of debt 0 53 70 53
Other, net 0 (7) (14) (10)
Total Other Income (Expense) 585 (1,971) 4,369 (5,833)
Net (Loss) Income Before Taxes (4,487) 10,529 (15,530) 42,488
Income Tax (Benefit) Expense (799) 2,507 (3,555) 10,122
Net (Loss) Income (3,688) 8,022 (11,975) 32,366
Preferred stock dividends 358 198 915 594
Net (loss) income available to common stockholders $ (4,046) $ 7,824 $ (12,890) $ 31,772
Basic (Loss) Earnings per share (in dollars per share) $ (0.09) $ 0.17 $ (0.29) $ 0.68
Diluted (Loss) Earnings per share (in dollars per share) $ (0.09) $ 0.13 $ (0.29) $ 0.50
Weighted average common shares:        
Basic (in shares) 43,654 45,776 44,299 46,637
Diluted (in shares) 43,654 62,276 44,299 63,268
Contract revenues        
Operating Revenues        
Total Operating Revenues $ 49,958 $ 68,389 $ 159,965 $ 213,280
Contract services and other        
Operating Revenues        
Total Operating Revenues $ 98 $ 21 $ 295 $ 35