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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 283,768 $ 285,892
Restricted cash 19,020 16,427
Short-term investments 594,830 495,234
Accounts receivable 85,571 90,407
Expendable parts, supplies and fuel, net 33,583 36,070
Prepaid expenses and other current assets 61,527 67,575
TOTAL CURRENT ASSETS 1,078,299 991,605
Property and equipment, net 3,103,052 3,069,949
Long-term investments 27,714 51,725
Deferred major maintenance, net 169,827 173,892
Operating lease right-of-use assets, net 75,725 81,218
Deposits and other assets 49,245 61,464
TOTAL ASSETS: 4,503,862 4,429,853
TOTAL ASSETS:    
Accounts payable 70,619 62,092
Accrued liabilities 363,202 327,404
Current operating lease liabilities 18,379 20,714
Air traffic liability 439,639 370,915
Current loyalty program liability 40,002 41,510
Current maturities of long-term debt and finance lease obligations, net of related costs 266,611 454,769
TOTAL CURRENT LIABILITIES 1,198,452 1,277,404
Long-term debt and finance lease obligations, net of current maturities and related costs 1,747,280 1,611,735
Deferred income taxes 315,678 315,593
Noncurrent operating lease liabilities 59,165 62,392
Noncurrent loyalty program liability 40,386 39,201
Other noncurrent liabilities 30,170 34,136
TOTAL LIABILITIES: 3,391,131 3,340,461
TOTAL LIABILITIES:    
Common stock, par value $0.001 26 26
Treasury shares (689,551) (678,431)
Additional paid in capital 763,767 760,600
Accumulated other comprehensive income, net 3,139 3,949
Retained earnings 1,035,350 1,003,248
TOTAL EQUITY: 1,112,731 1,089,392
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY: $ 4,503,862 $ 4,429,853