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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
OPERATING REVENUES:        
Passenger $ 617,908 $ 594,499 $ 1,234,658 $ 1,174,434
Third party products 33,649 37,102 68,852 70,501
Fixed fee contracts 17,019 17,699 33,271 36,560
Resort and other 20,808 16,983 51,677 41,193
Total operating revenues 689,384 666,283 1,388,458 1,322,688
OPERATING EXPENSES:        
Salaries and benefits 214,102 209,942 445,541 423,269
Aircraft fuel 165,752 170,060 332,085 340,147
Station operations 75,248 69,798 148,753 136,266
Depreciation and amortization 68,519 65,361 131,830 129,205
Sales and marketing 26,837 27,498 51,933 58,398
Maintenance and repairs 36,379 30,730 71,233 61,008
Aircraft lease rentals 11,023 5,749 16,942 11,734
Other 41,089 34,134 76,259 81,105
Special charges, net of recoveries 117,924 18,114 116,369 31,212
Total operating expenses 756,873 631,386 1,390,945 1,272,344
OPERATING INCOME (LOSS) (67,489) 34,897 (2,487) 50,344
OTHER (INCOME) EXPENSES:        
Interest expense 35,756 39,544 76,540 79,704
Capitalized interest (4,562) (11,609) (11,050) (22,794)
Interest income (10,359) (11,130) (22,294) (23,371)
Other, net 240 67 941 117
Total other expenses 21,075 16,872 44,137 33,656
INCOME (LOSS) BEFORE INCOME TAXES (88,564) 18,025 (46,624) 16,688
INCOME TAX PROVISION (BENEFIT) (23,398) 4,326 (13,560) 3,908
NET INCOME (LOSS) $ (65,166) $ 13,699 $ (33,064) $ 12,780
Earnings (loss) per share to common shareholders:        
Basic (in dollars per share) $ (3.62) $ 0.75 $ (1.84) $ 0.69
Diluted (in dollars per share) $ (3.62) $ 0.75 $ (1.84) $ 0.68
Shares used for computation:        
Basic (in shares) 17,995 17,828 17,989 17,746
Diluted (in shares) 17,995 17,869 17,989 17,836
Cash dividends declared per share (in dollars per share) $ 0 $ 0.60 $ 0 $ 1.20