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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
OPERATING REVENUES:        
Passenger $ 516,476 $ 423,796 $ 1,573,041 $ 1,124,237
Third party products 27,132 24,541 77,399 61,164
Fixed fee contracts 15,881 11,117 38,186 23,943
Other 836 15 1,654 1,682
Total operating revenues 560,325 459,469 1,690,280 1,211,026
OPERATING EXPENSES:        
Aircraft fuel 208,175 118,370 629,600 310,674
Salaries and benefits 137,336 125,799 411,027 365,655
Station operations 66,302 70,943 198,954 171,246
Depreciation and amortization 50,092 46,399 145,618 134,095
Maintenance and repairs 32,177 30,451 91,120 76,419
Sales and marketing 25,815 22,047 75,462 51,288
Aircraft lease rental 5,905 5,670 17,489 15,507
Other 30,292 22,379 83,137 55,655
Payroll Support Programs grant recognition 0 (49,210) 0 (202,181)
Special charges 35,142 332 35,426 2,924
Total operating expenses 591,236 393,180 1,687,833 981,282
OPERATING INCOME (LOSS) (30,911) 66,289 2,447 229,744
OTHER (INCOME) EXPENSES:        
Interest expense 34,242 16,595 78,530 50,174
Capitalized interest (4,296) (401) (7,594) (401)
Interest income (4,918) (375) (7,909) (1,338)
Other, net 223 239 318 (164)
Total other expenses 25,251 16,058 63,345 48,271
INCOME (LOSS) BEFORE INCOME TAXES (56,162) 50,231 (60,898) 181,473
INCOME TAX PROVISION (BENEFIT) (9,703) 10,977 (10,916) 40,323
NET INCOME (LOSS) $ (46,459) $ 39,254 $ (49,982) $ 141,150
Earnings (loss) per share to common shareholders:        
Basic (in dollars per share) $ (2.58) $ 2.18 $ (2.78) $ 8.18
Diluted (in dollars per share) $ (2.58) $ 2.18 $ (2.78) $ 8.18
Shares used for computation:        
Basic (in shares) 18,014 17,766 17,985 17,005
Diluted (in shares) 18,014 17,767 17,985 17,015
Cash dividends declared per share: $ 0 $ 0 $ 0 $ 0