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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 143,259 $ 229,989
Restricted cash 16,325 15,457
Short-term investments 671,414 725,063
Accounts receivable 70,743 106,578
Expendable parts, supplies and fuel, net of reserve of $10,284 and $8,079 36,335 35,546
Prepaid expenses and other current assets 63,054 161,636
TOTAL CURRENT ASSETS 1,001,130 1,274,269
Property and equipment (including $129,646 and $80,591 from VIEs, Note 6), net of accumulated depreciation of $964,866 and $814,837 3,447,111 2,810,693
Long-term investments 56,004 63,318
Deferred major maintenance, net of accumulated amortization of $143,275 and $108,779 165,767 157,410
Operating lease right-of-use assets, net 100,707 111,679
Deposits and other assets 98,691 93,928
TOTAL ASSETS: 4,869,410 4,511,297
CURRENT LIABILITIES    
Accounts payable 54,484 58,335
Accrued liabilities 305,078 226,276
Current operating lease liabilities 20,873 19,973
Air traffic liability 353,488 379,459
Current loyalty program liability 38,447 32,888
Current maturities of long-term debt and finance lease obligations (including $22,627 and $9,315 from VIEs, Note 6), net of related costs of $8,038 and $6,599 439,937 152,900
TOTAL CURRENT LIABILITIES 1,212,307 869,831
LONG-TERM DEBT AND OTHER NONCURRENT LIABILITIES    
Long-term debt and finance lease obligations (including $107,737 and $69,812 from VIEs, Note 6), net of current maturities and related costs of $14,477 and $16,866 1,819,717 1,944,078
Deferred income taxes 384,602 346,388
Noncurrent operating lease liabilities 82,410 94,972
Noncurrent loyalty program liability 32,366 23,612
Other noncurrent liabilities 9,448 11,718
TOTAL LIABILITIES: 3,540,850 3,290,599
SHAREHOLDERS' EQUITY    
Common stock, par value $0.001, 100,000,000 shares authorized; 25,501,823 and 25,086,278 shares issued; 18,269,090 and 18,128,182 shares outstanding in 2023 and 2022 respectively 26 25
Treasury shares, at cost, 7,232,733 and 6,958,096 shares in 2023 and 2022, respectively (681,932) (660,023)
Additional paid in capital 741,055 709,471
Accumulated other comprehensive income, net 3,991 1,257
Retained earnings 1,265,420 1,169,968
TOTAL EQUITY: 1,328,560 1,220,698
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY: $ 4,869,410 $ 4,511,297