XML 42 R5.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
OPERATING REVENUES:      
Passenger $ 2,137,762 $ 1,578,436 $ 902,187
Third party products 100,959 86,487 46,482
Fixed fee contracts 60,937 41,184 26,865
Other 2,171 1,803 14,539
Total operating revenues 2,301,829 1,707,910 990,073
OPERATING EXPENSES:      
Aircraft fuel 814,803 440,235 221,827
Salaries and benefits 552,413 484,573 377,825
Station operations 255,168 243,346 144,771
Depreciation and amortization 197,542 181,035 176,267
Maintenance and repairs 117,814 105,943 63,895
Sales and marketing 100,678 72,742 43,517
Aircraft lease rental 23,621 21,242 9,828
Other 113,532 83,902 79,277
Payroll Support Programs grant recognition 0 (202,181) (152,448)
Special charges 34,612 13,998 306,299
Total operating expenses 2,210,183 1,444,835 1,271,058
OPERATING INCOME (LOSS) 91,646 263,075 (280,985)
OTHER (INCOME) EXPENSES:      
Interest income (16,469) (1,814) (5,509)
Interest expense 115,711 68,474 61,715
Capitalized interest (12,640) 0 (4,067)
Special charges 0 0 26,632
Other, net 91 (205) 1,311
Total other expenses 86,693 66,455 80,082
INCOME (LOSS) BEFORE INCOME TAXES 4,953 196,620 (361,067)
INCOME TAX PROVISION (BENEFIT) 2,460 44,767 (176,974)
NET INCOME (LOSS) $ 2,493 $ 151,853 $ (184,093)
Earnings (loss) per share to common shareholders:      
Basic (in dollars per share) $ 0.14 $ 8.69 $ (11.53)
Diluted (in dollars per share) $ 0.14 $ 8.68 $ (11.53)
Shares used for computation:      
Basic (in shares) 17,959 17,212 15,992
Diluted (in shares) 18,034 17,231 15,992
Cash dividends declared per share (in dollars per share) $ 0 $ 0 $ 0.70