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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
OPERATING REVENUES:        
Passenger $ 594,499 $ 642,747 $ 1,174,434 $ 1,252,023
Third party products 37,102 28,904 70,501 54,942
Fixed fee contracts 17,699 11,741 36,560 25,858
Resort and other 16,983 418 41,193 674
Total operating revenues 666,283 683,810 1,322,688 1,333,497
OPERATING EXPENSES:        
Salaries and benefits 209,942 177,170 423,269 336,793
Aircraft fuel 170,060 162,611 340,147 352,157
Station operations 69,798 66,715 136,266 128,234
Depreciation and amortization 65,361 53,933 129,205 108,613
Sales and marketing 27,498 29,868 58,398 56,796
Maintenance and repairs 30,730 33,634 61,008 60,076
Aircraft lease rentals 5,749 5,975 11,734 13,067
Other 34,134 31,683 81,105 62,328
Special charges, net of recoveries 18,114 (11,208) 31,212 (12,820)
Total operating expenses 631,386 550,381 1,272,344 1,105,244
OPERATING INCOME 34,897 133,429 50,344 228,253
OTHER (INCOME) EXPENSES:        
Interest expense 39,544 37,765 79,704 73,473
Capitalized interest (11,609) (8,881) (22,794) (14,061)
Interest income (11,130) (11,845) (23,371) (21,974)
Other, net 67 45 117 52
Total other expenses 16,872 17,084 33,656 37,490
INCOME BEFORE INCOME TAXES 18,025 116,345 16,688 190,763
INCOME TAX PROVISION 4,326 27,876 3,908 46,145
NET INCOME $ 13,699 $ 88,469 $ 12,780 $ 144,618
Earnings per share to common shareholders:        
Basic (in dollars per share) $ 0.75 $ 4.80 $ 0.69 $ 7.85
Diluted (in dollars per share) $ 0.75 $ 4.80 $ 0.68 $ 7.84
Shares used for computation:        
Basic (in shares) 17,828 17,677 17,746 17,840
Diluted (in shares) 17,869 17,683 17,836 17,861
Cash dividends declared per share (in dollars per share) $ 0.60 $ 0 $ 1.20 $ 0