XML 25 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING REVENUES:    
Passenger $ 609,277 $ 463,961
Third party products 26,037 22,480
Fixed fee contracts 14,117 13,386
Other 256 282
Total operating revenues 649,687 500,109
OPERATING EXPENSES:    
Aircraft fuel 189,546 164,137
Salaries and benefits 159,623 134,010
Station operations 61,520 65,744
Depreciation and amortization 54,680 46,343
Maintenance and repairs 26,442 27,820
Sales and marketing 26,928 22,350
Aircraft lease rentals 7,092 6,132
Other 30,643 26,202
Special charges (1,612) 142
Total operating expenses 554,862 492,880
OPERATING INCOME 94,825 7,229
OTHER (INCOME) EXPENSES:    
Interest expense 35,708 19,791
Capitalized interest (5,180) (1,216)
Interest income (10,128) (773)
Other, net 7 (6)
Total other expenses 20,407 17,796
INCOME (LOSS) BEFORE INCOME TAXES 74,418 (10,567)
INCOME TAX PROVISION (BENEFIT) 18,269 (2,686)
NET INCOME (LOSS) $ 56,149 $ (7,881)
Earnings (loss) per share to common shareholders:    
Basic (in dollars per share) $ 3.09 $ (0.44)
Diluted (in dollars per share) $ 3.09 $ (0.44)
Shares used for computation:    
Basic (in shares) 17,766 17,954
Diluted (in shares) 17,769 17,954
Cash dividends declared per share (in dollars per share) $ 0 $ 0