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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS    
Cash and cash equivalents $ 285,892 $ 143,259
Restricted cash 16,427 16,325
Short-term investments 495,234 671,414
Accounts receivable 90,407 70,743
Expendable parts, supplies and fuel, net of reserve of $12,597 and $10,284 36,070 36,335
Prepaid expenses and other current assets 67,575 63,054
TOTAL CURRENT ASSETS 991,605 1,001,130
Property and equipment (including $107,290 and $129,646 from VIEs, Note 6), net of accumulated depreciation of $1,067,194 and $964,866 3,069,949 3,430,103
Long-term investments 51,725 56,004
Deferred major maintenance, net of accumulated amortization of $165,333 and $143,275 173,892 170,032
Operating lease right-of-use assets, net 81,218 100,707
Deposits and other assets 61,464 98,691
TOTAL ASSETS: 4,429,853 4,856,667
CURRENT LIABILITIES    
Accounts payable 62,092 54,484
Accrued liabilities 327,404 292,335
Current operating lease liabilities 20,714 20,873
Air traffic liability 370,915 353,488
Current loyalty program liability 41,510 38,447
Current maturities of long-term debt and finance lease obligations (including $12,787 and $22,627 from VIEs, Note 6), net of related costs of $8,287 and $8,038 454,769 439,937
TOTAL CURRENT LIABILITIES 1,277,404 1,199,564
LONG-TERM DEBT AND OTHER NONCURRENT LIABILITIES    
Long-term debt and finance lease obligations (including $94,950 and $107,737 from VIEs, Note 6), net of current maturities and related costs of $8,842 and $14,477 1,611,735 1,819,717
Deferred income taxes 315,593 384,602
Noncurrent operating lease liabilities 62,392 82,410
Noncurrent loyalty program liability 39,201 32,366
Other noncurrent liabilities 34,136 9,448
TOTAL LIABILITIES: 3,340,461 3,528,107
SHAREHOLDERS' EQUITY    
Common stock, par value $0.001, 100,000,000 shares authorized; 25,580,445 and 25,501,823 shares issued; 18,407,799 and 18,269,090 shares outstanding in 2024 and 2023 26 26
Treasury shares, at cost, 7,172,646 and 7,232,733 shares in 2024 and 2023 (678,431) (681,932)
Additional paid in capital 760,600 741,055
Accumulated other comprehensive income, net 3,949 3,991
Retained earnings 1,003,248 1,265,420
TOTAL EQUITY: 1,089,392 1,328,560
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY: $ 4,429,853 $ 4,856,667