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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
OPERATING REVENUES:        
Passenger $ 116,520 $ 454,779 $ 495,431 $ 874,755
Third party products 8,443 18,208 24,419 35,350
Fixed fee contracts 3,237 12,487 12,156 23,061
Other 5,147 6,285 10,522 10,215
Total operating revenues 133,347 491,759 542,528 943,381
OPERATING EXPENSES:        
Salary and benefits 94,790 113,592 207,436 233,003
Aircraft fuel 27,358 119,987 116,171 219,670
Station operations 27,405 45,870 68,405 84,835
Depreciation and amortization 43,296 38,494 86,995 74,676
Maintenance and repairs 13,032 20,877 34,827 43,701
Sales and marketing 8,909 20,540 27,364 41,466
Aircraft lease rental 1,427 0 2,389 0
Other 23,752 24,294 50,468 46,849
CARES Act grant recognition 74,539 0 74,539 0
Special charges 81,169 0 247,267 0
Total operating expenses 246,599 383,654 766,783 744,200
OPERATING INCOME (LOSS) (113,252) 108,105 (224,255) 199,181
OTHER (INCOME) EXPENSES:        
Interest expense 14,053 20,942 32,206 39,025
Capitalized interest 0 (1,038) (4,067) (2,541)
Interest income (1,417) (3,502) (3,728) (6,703)
Loss on debt extinguishment 0 0 1,222 3,677
Special charges 19,830 0 26,632 0
Other, net   (86)    
Other, net 698   623 15
Total other expenses 33,164 16,316 52,888 33,473
INCOME (LOSS) BEFORE INCOME TAXES (146,416) 91,789 (277,143) 165,708
INCOME TAX PROVISION (BENEFIT) (53,313) 21,246 (151,030) 38,041
NET INCOME (LOSS) $ (93,103) $ 70,543 $ (126,113) $ 127,667
Earnings (loss) per share to common shareholders:        
Basic $ (5.85) $ 4.33 $ (7.93) $ 7.85
Earnings Per Share, Diluted $ (5.85) $ 4.33 $ (7.93) $ 7.84
Shares used for computation:        
Basic 15,902 16,063 15,927 16,037
Diluted 15,902 16,069 15,927 16,050
Cash dividends declared per share: $ 0 $ 0.70 $ 0.70 $ 1.40