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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
OPERATING REVENUES:        
Passenger $ 181,916 $ 391,222 $ 677,347 $ 1,265,978
Third party products 11,337 18,207 35,756 53,557
Fixed fee contracts 5,284 19,797 17,440 42,859
Other 2,447 7,283 12,969 17,498
Total operating revenues 200,984 436,509 743,512 1,379,892
OPERATING EXPENSES:        
Salary and benefits 95,829 107,586 303,264 340,589
Aircraft fuel 52,540 104,583 168,711 324,253
Station operations 39,954 43,522 108,359 128,357
Depreciation and amortization 45,291 39,436 132,285 114,112
Maintenance and repairs 14,038 24,768 48,866 68,470
Sales and marketing 7,967 17,591 35,331 59,057
Aircraft lease rental 3,015 0 5,404 0
Other 19,755 26,907 70,225 73,756
CARES Act grant recognition 77,909 0 152,448 0
Special charges 33,585 0 280,852 0
Total operating expenses 234,065 364,393 1,000,849 1,108,594
OPERATING INCOME (LOSS) (33,081) 72,116 (257,337) 271,298
OTHER (INCOME) EXPENSES:        
Interest expense 11,943 19,506 44,149 58,531
Capitalized interest 0 (903) (4,067) (3,444)
Interest income (868) (3,335) (4,596) (10,038)
Loss on debt extinguishment 0 0 1,222 3,677
Special charges 0 0 26,632 0
Other, net   (57)   (41)
Other, net (552)   (1,173)  
Total other expenses 11,627 15,211 64,513 48,685
INCOME (LOSS) BEFORE INCOME TAXES (44,708) 56,905 (321,850) 222,613
INCOME TAX PROVISION (BENEFIT) (15,565) 12,976 (166,595) 51,017
NET INCOME (LOSS) $ (29,143) $ 43,929 $ (155,255) $ 171,596
Earnings (loss) per share to common shareholders:        
Basic $ (1.82) $ 2.70 $ (9.75) $ 10.55
Earnings Per Share, Diluted $ (1.82) $ 2.70 $ (9.75) $ 10.54
Shares used for computation:        
Basic 16,006 16,037 15,953 16,037
Diluted 16,006 16,039 15,953 16,045
Cash dividends declared per share: $ 0 $ 0.70 $ 0.70 $ 2.10