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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating Revenues        
Total Operating Revenues $ 51,072 $ 77,930 $ 110,204 $ 144,905
Operating Expenses        
Payroll and related costs 29,953 27,694 59,721 54,295
Aircraft fuel and oil 221 34 323 85
Aircraft maintenance, materials and repairs 17,869 16,336 37,218 30,837
Other rents 1,474 1,657 3,068 3,270
Depreciation, amortization and obsolescence 6,370 6,674 12,727 13,318
Purchased services, legal and other 7,532 3,514 11,974 7,279
Total Operating Expenses 63,419 55,909 125,031 109,084
(Loss) Income from Operations (12,347) 22,021 (14,827) 35,821
Other Income (Expense)        
Interest income 1,429 1,382 2,795 2,166
Interest expense (11) 0 (12) 0
(Loss) gain on marketable securities (795) (3,602) 945 (6,025)
Gain on extinguishment of debt 70 0 70 0
Other, net (1) (3) (14) (3)
Total Other Income (Expense) 692 (2,223) 3,784 (3,862)
Net (Loss) Income Before Taxes (11,655) 19,798 (11,043) 31,959
Income Tax (Benefit) Expense (2,486) 4,717 (2,756) 7,615
Net (Loss) Income (9,169) 15,081 (8,287) 24,344
Preferred stock dividends 305 198 557 396
Net (loss) income available to common stockholders $ (9,474) $ 14,883 $ (8,844) $ 23,948
Basic (Loss) Earnings per share $ (0.21) $ 0.32 $ (0.2) $ 0.51
Diluted (Loss) Earnings per share $ (0.21) $ 0.24 $ (0.2) $ 0.38
Weighted average common shares:        
Basic 44,277 46,519 44,626 47,075
Diluted 44,277 63,019 44,626 63,773
Contract Revenues [Member]        
Operating Revenues        
Total Operating Revenues $ 50,970 $ 77,923 $ 110,007 $ 144,891
Contract Service and Other [Member]        
Operating Revenues        
Total Operating Revenues $ 102 $ 7 $ 197 $ 14