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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS    
Cash and cash equivalents $ 152,764 $ 121,888
Restricted cash 17,555 14,897
Short-term investments 532,477 335,928
Accounts receivable 192,215 25,516
Expendable parts, supplies and fuel, net of reserve of $4,323 and $2,748 24,006 28,375
Prepaid expenses and other current assets 24,616 35,617
TOTAL CURRENT ASSETS 943,633 562,221
Property and equipment (including $187,166 and $195,796 from VIEs, Note 7), net of accumulated depreciation of $598,546 and $484,510 2,050,311 2,236,808
Long-term investments 0 15,542
Deferred major maintenance, net of accumulated amortization of $57,022 and $34,423 127,463 129,654
Operating lease right-of-use assets, net 115,911 22,081
Deposits and other assets 21,607 44,497
TOTAL ASSETS: 3,258,925 3,010,803
CURRENT LIABILITIES    
Accounts payable 34,197 27,667
Accrued liabilities 116,093 159,031
Current operating lease liabilities 14,313 2,662
Air traffic liability 307,508 249,950
Current maturities of long-term debt and finance lease obligations (including $17,610 and $17,327 from VIEs, Note 7), net of related costs of $7,527 and $5,694 217,234 173,274
TOTAL CURRENT LIABILITIES 689,345 612,584
LONG-TERM DEBT AND OTHER NONCURRENT LIABILITIES    
Long-term debt and finance lease obligations (including $135,683 and $159,324 from VIEs, Note 7), net of current maturities and related costs of $15,926 and $17,930 1,441,777 1,248,579
Deferred income taxes 301,763 232,520
Noncurrent operating lease liabilities 102,289 21,290
Other noncurrent liabilities 24,388 12,279
TOTAL LIABILITIES: 2,559,562 2,127,252
SHAREHOLDERS' EQUITY    
Common stock, par value $.001, 100,000,000 shares authorized; 23,097,737 and 22,835,715 shares issued; 16,405,565 and 16,303,262 shares outstanding in 2020 and 2019 respectively 23 23
Treasury shares, at cost, 6,692,172 and 6,532,453 shares in 2020 and 2019, respectively (646,008) (617,579)
Additional paid in capital 329,753 289,933
Accumulated other comprehensive gain (loss), net (27) 98
Retained earnings 1,015,622 1,211,076
TOTAL EQUITY: 699,363 883,551
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY: $ 3,258,925 $ 3,010,803