XML 39 R4.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
OPERATING REVENUES:      
Passenger $ 902,187 $ 1,682,955 $ 1,533,701
Third party products      
Third party products 46,482 70,012 58,060
Fixed fee contract 26,865 65,057 50,286
Other 14,539 22,941 25,400
Total operating revenues 990,073 1,840,965 1,667,447
OPERATING EXPENSES:      
Aircraft fuel 221,827 427,827 445,814
Salary and benefits 377,825 450,448 413,892
Station operations 144,771 171,420 161,019
Depreciation and amortization 176,267 155,852 129,351
Maintenance and repairs 63,895 91,713 99,015
Sales and marketing 43,517 78,910 73,514
Aircraft lease rentals 9,828 0 868
Other 79,277 100,845 100,515
CARES Act grant recognition (152,448) 0 0
Special charges 306,299 0 0
Total operating expenses 1,271,058 1,477,015 1,423,988
OPERATING INCOME (LOSS) (280,985) 363,950 243,459
OTHER (INCOME) EXPENSES:      
Interest expense (60,493) (76,801) (56,116)
Interest income (5,509) (12,523) (9,226)
Capitalized interest (4,067) (4,472) (2,354)
Loss on extinguishment of debt 1,222 3,677 0
Special charges 26,632 0 0
Other, net 1,311 780 395
Total other expenses 80,082 62,703 44,141
INCOME (LOSS) BEFORE INCOME TAXES (361,067) 301,247 199,318
INCOME TAX PROVISION (BENEFIT) (176,974) 69,130 37,516
NET INCOME (LOSS) $ (184,093) $ 232,117 $ 161,802
Earnings (loss) per share to common shareholders:      
Basic $ (11.53) $ 14.27 $ 10.02
Diluted $ (11.53) $ 14.26 $ 10.00
Shares used for computation:      
Basic 15,992 16,027 15,941
Diluted 15,992 16,041 15,967
Cash dividends declared per share: $ 0.70 $ 2.80 $ 2.80