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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
OPERATING REVENUES:    
Passenger $ 256,695 $ 378,911
Third party products 13,622 15,976
Fixed fee contracts 7,692 8,919
Other 1,115 5,375
Total operating revenues 279,124 409,181
OPERATING EXPENSES:    
Salary and benefits 117,950 112,646
Aircraft fuel 82,848 88,813
Station operations 43,094 40,999
Depreciation and amortization 43,174 43,699
Maintenance and repairs 23,371 21,795
Sales and marketing 11,609 18,455
Aircraft lease rental 4,720 962
Other 17,776 26,717
Payroll Support Programs grant recognition 91,758 0
Special charges 1,738 172,900
Total operating expenses 254,522 526,986
OPERATING INCOME (LOSS) 24,602 (117,805)
OTHER (INCOME) EXPENSES:    
Interest expense 16,788 18,153
Capitalized interest 0 (4,067)
Interest income (463) (2,311)
Loss on debt extinguishment 0 1,222
Other, net (393) (76)
Total other expenses 15,932 12,921
INCOME (LOSS) BEFORE INCOME TAXES 8,670 (130,726)
INCOME TAX PROVISION (BENEFIT) 1,801 (97,717)
NET INCOME (LOSS) $ 6,869 $ (33,009)
Earnings (loss) per share to common shareholders:    
Basic $ 0.42 $ (2.08)
Earnings Per Share, Diluted $ 0.42 $ (2.08)
Shares used for computation:    
Basic 16,167 15,952
Diluted 16,167 15,952
Cash dividends declared per share: $ 0 $ 0.70