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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING REVENUES:      
Passenger $ 2,324,397 $ 2,137,762 $ 1,578,436
Third party products 112,579 100,959 86,487
Fixed fee contracts 68,548 60,937 41,184
Other 4,333 2,171 1,803
Total operating revenues 2,509,857 2,301,829 1,707,910
OPERATING EXPENSES:      
Aircraft fuel 695,871 814,803 440,235
Salaries and benefits 687,803 552,413 484,573
Station operations 256,560 255,168 243,346
Depreciation and amortization 223,130 197,542 181,035
Maintenance and repairs 123,802 117,814 105,943
Sales and marketing 114,616 100,678 72,742
Aircraft lease rentals 24,948 23,621 21,242
Other 133,501 113,532 83,902
Payroll Support Programs grant recognition 0 0 (202,181)
Special charges, net of recoveries 28,645 34,612 13,998
Total operating expenses 2,288,876 2,210,183 1,444,835
OPERATING INCOME 220,981 91,646 263,075
OTHER (INCOME) EXPENSES:      
Interest income (46,615) (16,469) (1,814)
Interest expense 153,186 115,711 68,474
Capitalized interest (45,132) (12,640) 0
Other, net 491 91 (205)
Total other expenses 61,930 86,693 66,455
INCOME BEFORE INCOME TAXES 159,051 4,953 196,620
INCOME TAX PROVISION 41,455 2,460 44,767
NET INCOME $ 117,596 $ 2,493 $ 151,853
Earnings per share to common shareholders:      
Basic (in dollars per share) $ 6.32 $ 0.14 $ 8.69
Diluted (in dollars per share) $ 6.29 $ 0.14 $ 8.68
Shares used for computation:      
Basic (in shares) 17,945 17,959 17,212
Diluted (in shares) 18,019 18,034 17,231
Cash dividends declared per share (in dollars per share) $ 1.20 $ 0 $ 0