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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES:      
Net income (loss) $ 151,853 $ (184,093) $ 232,117
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 181,035 176,267 155,852
Gain on aircraft and other equipment disposals (3,052) (1,811) (8,475)
Special charges 13,998 292,790 0
Share-based compensation expense 16,127 19,287 18,226
Deferred income taxes 43,761 69,344 68,466
Other adjustments 14,777 19,136 5,521
Changes in certain assets and liabilities:      
Accounts receivable (14,717) 4,390 10,498
Tax receivable 143,624 (164,585) 0
Prepaid expenses (4,026) 10,224 (5,483)
Accounts payable 10,402 7,016 (2,103)
Accrued liabilities 48,060 (26,386) 21,331
Air traffic liability (55) 57,558 37,720
Deferred major maintenance (59,747) (40,352) (81,133)
Other assets/liabilities (3,847) (4,163) (10,327)
Net cash provided by operating activities 538,193 234,622 442,210
INVESTING ACTIVITIES:      
Purchase of investment securities (1,248,575) (686,600) (436,237)
Proceeds from maturities of investment securities 954,970 504,600 454,813
Purchase of property and equipment, including capitalized interest (255,537) (281,159) (506,845)
Proceeds from sale-leaseback transactions 0 87,580 0
Payments to Acquire Notes Receivable (50,000) 0 0
Other investing activities 5,864 9,888 11,806
Net cash used in investing activities (593,278) (365,691) (476,463)
FINANCING ACTIVITIES:      
Proceeds from issuance of common stock 335,139 0 0
Cash dividends paid to shareholders [1] 0 (11,361) (45,552)
Proceeds from the issuance of debt and finance lease obligations 281,657 427,987 874,936
Repurchase of common stock 0 (33,773) (18,569)
Principal payments on debt and finance lease obligations (301,096) (217,766) (705,763)
Debt issuance costs (8,287) (7,203) (33,333)
Other financing activities (21,946) 6,719 3,408
Net cash provided by financing activities 285,467 164,603 75,127
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 230,382 33,534 40,874
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 170,319 136,785 95,911
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 400,701 170,319 136,785
CASH PAYMENTS/(RECEIPTS) FOR:      
Interest paid, net of amount capitalized 43,511 48,002 65,152
Income tax refunds (128,540) (95,229) (2,157)
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS      
Right-of-use (ROU) assets acquired 33,260 115,082 2,510
Purchases of property and equipment in accrued liabilities 17,671 19,294 25,830
Flight equipment acquired under finance leases $ 101,340 $ 27,765 $ 0
[1] Dividend declared and paid in the first quarter of 2020 prior to the onset of the pandemic. As a part of accepting benefits from the Treasury under payroll support programs, the Company has agreed not to pay cash dividends through September 30, 2022.