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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
OPERATING REVENUES:        
Total operating revenues $ 1,050,029 $ 912,786 $ 3,033,711 $ 2,583,518
OPERATING EXPENSES:        
Salaries, wages and benefits 391,634 377,435 1,159,188 1,083,439
Aircraft maintenance, materials and repairs 247,978 181,652 695,963 510,334
Depreciation and amortization 92,474 96,662 272,070 289,346
Airport-related expenses 31,876 22,642 86,815 61,065
Aircraft fuel 34,216 22,724 86,163 65,216
Other operating expenses 77,708 80,236 249,864 223,537
Total operating expenses 875,886 781,351 2,550,063 2,232,937
OPERATING INCOME 174,143 131,435 483,648 350,581
OTHER INCOME (EXPENSE):        
Interest income 10,565 12,460 31,701 36,126
Interest expense (25,611) (27,808) (79,295) (86,603)
Other income (expense), net (1,928) 109 4,949 (1,567)
Total other expense, net (16,974) (15,239) (42,645) (52,044)
INCOME BEFORE INCOME TAXES 157,169 116,196 441,003 298,537
PROVISION FOR INCOME TAXES 40,811 26,487 103,825 72,952
NET INCOME $ 116,358 $ 89,709 $ 337,178 $ 225,585
BASIC EARNINGS PER SHARE (in dollars per share) $ 2.89 $ 2.23 $ 8.34 $ 5.61
DILUTED EARNINGS PER SHARE (in dollars per share) $ 2.81 $ 2.16 $ 8.14 $ 5.44
Weighted average common shares:        
Basic (in shares) 40,323 40,253 40,410 40,244
Diluted (in shares) 41,392 41,561 41,447 41,495
COMPREHENSIVE INCOME:        
Net income $ 116,358 $ 89,709 $ 337,178 $ 225,585
Net unrealized appreciation on marketable securities, net of taxes 324 883 173 50
TOTAL COMPREHENSIVE INCOME 116,682 90,592 337,351 225,635
Flying agreements        
OPERATING REVENUES:        
Total operating revenues 1,011,284 883,494 2,914,789 2,499,953
Lease, airport services and other        
OPERATING REVENUES:        
Total operating revenues $ 38,745 $ 29,292 $ 118,922 $ 83,565