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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
OPERATING REVENUES:        
Passenger $ 642,747 $ 592,604 $ 1,252,023 $ 1,056,566
Third party products 28,904 27,787 54,942 50,267
Fixed fee contracts 11,741 8,920 25,858 22,305
Other 418 536 674 818
Total operating revenues 683,810 629,847 1,333,497 1,129,956
OPERATING EXPENSES:        
Aircraft fuel 162,611 257,288 352,157 421,425
Salaries and benefits 177,170 139,681 336,793 273,691
Station operations 66,715 66,909 128,234 132,652
Depreciation and amortization 53,933 49,183 108,613 95,526
Maintenance and repairs 33,634 31,123 60,076 58,943
Sales and marketing 29,868 27,297 56,796 49,647
Aircraft lease rentals 5,975 5,451 13,067 11,584
Other 31,683 26,643 62,328 52,845
Special charges, net of recovery (11,208) 142 (12,820) 284
Total operating expenses 550,381 603,717 1,105,244 1,096,597
OPERATING INCOME 133,429 26,130 228,253 33,359
OTHER (INCOME) EXPENSES:        
Interest expense 37,765 24,497 73,473 44,288
Capitalized interest (8,881) (2,082) (14,061) (3,298)
Interest income (11,845) (2,218) (21,974) (2,991)
Other, net 45 101 52 95
Total other expenses 17,084 20,298 37,490 38,094
INCOME (LOSS) BEFORE INCOME TAXES 116,345 5,832 190,763 (4,735)
INCOME TAX PROVISION (BENEFIT) 27,876 1,474 46,145 (1,212)
NET INCOME (LOSS) $ 88,469 $ 4,358 $ 144,618 $ (3,523)
Earnings (loss) per share to common shareholders:        
Basic (in dollars per share) $ 4.80 $ 0.24 $ 7.85 $ (0.20)
Diluted (in dollars per share) $ 4.80 $ 0.24 $ 7.84 $ (0.20)
Shares used for computation:        
Basic (in shares) 17,677 17,987 17,840 17,970
Diluted (in shares) 17,683 18,006 17,861 17,970