XML 15 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating Revenues        
Total Operating Revenues $ 68,410 $ 71,887 $ 213,315 $ 174,521
Operating Expenses        
Payroll and related costs 26,801 29,056 81,096 76,819
Aircraft fuel and oil 49 51 134 108
Aircraft maintenance, materials and repairs 17,494 13,877 48,331 37,489
Aircraft rent 0 0 0 67
Other rents 1,617 1,572 4,887 3,757
Depreciation, amortization and obsolescence 6,639 6,570 19,957 19,569
Payroll Support Program 0 (16,146) 0 (66,316)
Purchased services and other 3,310 3,684 10,589 9,944
Total Operating Expenses 55,910 38,664 164,994 81,437
Income From Operations 12,500 33,223 48,321 93,084
Other (Expense) Income        
Interest income 840 611 2,102 1,437
Interest expense 0 (138) 0 (827)
Loss on marketable securities (3,749) (92) (9,774) (106)
Gain on extinguishment of debt 53 10,135 53 10,363
Other, net 885 566 1,786 634
Total Other (Expense) Income (1,971) 11,082 (5,833) 11,501
Net Income Before Taxes 10,529 44,305 42,488 104,585
Income Tax Expense 2,507 8,026 10,122 22,560
Net Income 8,022 36,279 32,366 82,025
Preferred stock dividends 198 198 594 594
Net income available to common stockholders $ 7,824 $ 36,081 $ 31,772 $ 81,431
Basic Earnings per share $ 0.17 $ 0.67 $ 0.68 $ 1.49
Diluted Earnings per share $ 0.13 $ 0.51 $ 0.5 $ 1.14
Weighted Average Common Shares:        
Basic 45,776 54,153 46,637 54,491
Diluted 62,276 71,155 63,268 71,468
Contract Revenues [Member]        
Operating Revenues        
Total Operating Revenues $ 68,389 $ 71,866 $ 213,280 $ 174,467
Contract Service and Other [Member]        
Operating Revenues        
Total Operating Revenues $ 21 $ 21 $ 35 $ 54