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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 209,873 $ 285,892
Restricted cash 18,028 16,427
Short-term investments 632,946 495,234
Accounts receivable 74,919 90,407
Expendable parts, supplies and fuel, net 33,758 36,070
Assets held for sale 194,650 0
Prepaid expenses and other current assets 42,576 67,575
TOTAL CURRENT ASSETS 1,206,750 991,605
Property and equipment, net 2,892,648 3,069,949
Long-term investments 9,931 51,725
Deferred major maintenance, net 160,634 173,892
Operating lease right-of-use assets, net 70,165 81,218
Deposits and other assets 49,013 61,464
TOTAL ASSETS: 4,389,141 4,429,853
TOTAL ASSETS:    
Accounts payable 69,355 62,092
Accrued liabilities 416,216 327,404
Current operating lease liabilities 15,235 20,714
Air traffic liability 363,514 370,915
Current loyalty program liability 38,958 41,510
Liabilities held for sale 7,315 0
Current maturities of long-term debt and finance lease obligations, net of related costs 183,063 454,769
TOTAL CURRENT LIABILITIES 1,093,656 1,277,404
Long-term debt and finance lease obligations, net of current maturities and related costs 1,778,855 1,611,735
Deferred income taxes 301,851 315,593
Noncurrent operating lease liabilities 56,617 62,392
Noncurrent loyalty program liability 43,112 39,201
Other noncurrent liabilities 59,129 34,136
TOTAL LIABILITIES: 3,333,220 3,340,461
TOTAL LIABILITIES:    
Common stock, par value $0.001 26 26
Treasury shares (684,635) (678,431)
Additional paid in capital 766,902 760,600
Accumulated other comprehensive income, net 3,444 3,949
Retained earnings 970,184 1,003,248
TOTAL EQUITY: 1,055,921 1,089,392
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY: $ 4,389,141 $ 4,429,853