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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
OPERATING REVENUES:        
Passenger $ 443,747 $ 116,520 $ 700,441 $ 495,431
Third party products 23,001 8,443 36,622 24,419
Fixed fee contracts 5,134 3,237 12,827 12,156
Other 551 5,147 1,667 10,522
Total operating revenues 472,433 133,347 751,557 542,528
OPERATING EXPENSES:        
Salary and benefits 121,906 94,790 239,856 207,436
Aircraft fuel 109,456 27,358 192,305 116,171
Station operations 57,210 27,405 100,303 68,405
Depreciation and amortization 44,522 43,296 87,696 86,995
Maintenance and repairs 22,597 13,032 45,968 34,827
Sales and marketing 17,632 8,909 29,241 27,364
Aircraft lease rental 5,117 1,427 9,837 2,389
Other 15,501 23,752 33,276 50,468
Payroll Support Programs grant recognition 61,213 (74,539) 152,971 74,539
Special charges 854 81,169 2,592 247,267
Total operating expenses 333,582 246,599 588,103 766,783
OPERATING INCOME (LOSS) 138,851 (113,252) 163,454 (224,255)
OTHER (INCOME) EXPENSES:        
Interest expense 16,720 14,053 33,508 32,206
Capitalized interest 0 0 0 (4,067)
Interest income (500) (1,417) (963) (3,728)
Loss on debt extinguishment 71 0 71 1,222
Special charges 0 19,830 0 26,632
Other, net (11) 698 (404) 623
Total other expenses 16,280 33,164 32,212 52,888
INCOME (LOSS) BEFORE INCOME TAXES 122,571 (146,416) 131,242 (277,143)
INCOME TAX PROVISION (BENEFIT) 27,544 (53,313) 29,346 (151,030)
Net Income (Loss) Attributable to Parent $ 95,027 $ (93,103) $ 101,896 $ (126,113)
Earnings (loss) per share to common shareholders:        
Basic $ 5.49 $ (5.85) $ 6.04 $ (7.93)
Diluted $ 5.49 $ (5.85) $ 6.04 $ (7.93)
Shares used for computation:        
Basic 17,064 15,902 16,618 15,927
Diluted       15,927
Diluted 17,073 15,902 16,632 15,927
Cash dividends declared per share: $ 0 $ 0 $ 0 $ 0.70