XML 13 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating Revenues        
Total Operating Revenues $ 77,930 $ 52,860 $ 144,905 $ 102,634
Operating Expenses        
Payroll and related costs 27,694 25,012 54,295 47,763
Aircraft fuel and oil 34 44 85 57
Aircraft maintenance, materials and repairs 16,336 12,540 30,837 23,612
Aircraft rent 0 44 0 67
Other rents 1,657 1,263 3,270 2,185
Depreciation, amortization and obsolescence 6,674 6,499 13,318 12,999
Payroll Support Program 0 (22,256) 0 (50,170)
Purchased services and other 3,514 3,110 7,279 6,260
Total Operating Expenses 55,909 26,256 109,084 42,773
Income From Operations 22,021 26,604 35,821 59,861
Other (Expense) Income        
Interest income 688 456 1,262 826
Interest expense 0 (327) 0 (689)
Gain (loss) on marketable securities (3,602) 43 (6,025) (14)
Gain on extinguishment of debt 0 228 0 228
Other, net 691 68 901 68
Total Other (Expense) Income (2,223) 468 (3,862) 419
Net Income Before Taxes 19,798 27,072 31,959 60,280
Income Tax Expense 4,717 6,551 7,615 14,534
Net Income 15,081 20,521 24,344 45,746
Preferred stock dividends 198 198 396 396
Net Income available to common stockholders $ 14,883 $ 20,323 $ 23,948 $ 45,350
Basic Earnings per share $ 0.32 $ 0.37 $ 0.51 $ 0.83
Diluted Earnings per share $ 0.24 $ 0.28 $ 0.38 $ 0.63
Weighted Average Common Shares:        
Basic 46,519 54,466 47,075 54,664
Diluted 63,019 71,455 63,773 71,613
Contract Revenues [Member]        
Operating Revenues        
Total Operating Revenues $ 77,923 $ 52,845 $ 144,891 $ 102,601
Contract Service and Other [Member]        
Operating Revenues        
Total Operating Revenues $ 7 $ 15 $ 14 $ 33