LONG TERM DEBT (Notes)

3 Months Ended

Mar. 31, 2014

Debt Disclosure [Abstract]

Long-term Debt [Text Block]

LONG-TERM DEBT

On April 1, 2014, the Company prepaid a portion of its Fixed-rate 717 Aircraft Notes payable in the amount of $35 million prior to their 2017 maturity date. This repayment was associated with eight of the ten Boeing 717s pledged as collateral for the notes. As a result of the early repayment, the Company incurred a $5 million make-whole penalty, representing the present value of the future interest payments on the notes, which will be reflected as a component of Interest expense in the second quarter 2014 unaudited Condensed Consolidated Statement of Comprehensive Income. In addition, the Company will write off the remainder of its unamortized debt premium associated with these notes, as a reduction to Interest expense, in the amount of $5 million during second quarter 2014.