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CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 316,221 $ 285,892
Restricted cash 28,609 16,427
Short-term investments 640,495 495,234
Accounts receivable 57,164 90,407
Expendable parts, supplies and fuel, net 33,835 36,070
Prepaid expenses and other current assets 38,326 67,575
TOTAL CURRENT ASSETS 1,114,650 991,605
Property and equipment, net 2,973,141 3,069,949
Long-term investments 34,540 51,725
Deferred major maintenance, net 153,498 173,892
Operating lease right-of-use assets, net 67,635 81,218
Deposits and other assets 48,781 61,464
TOTAL ASSETS: 4,392,245 4,429,853
TOTAL ASSETS:    
Accounts payable 55,289 62,092
Accrued liabilities 373,940 327,404
Current operating lease liabilities 12,679 20,714
Air traffic liability 388,303 370,915
Current loyalty program liability 40,831 41,510
Current maturities of long-term debt and finance lease obligations, net of related costs 270,633 454,769
TOTAL CURRENT LIABILITIES 1,141,675 1,277,404
Long-term debt and finance lease obligations, net of current maturities and related costs 1,785,811 1,611,735
Deferred income taxes 293,869 315,593
Noncurrent operating lease liabilities 56,747 62,392
Noncurrent loyalty program liability 41,160 39,201
Other noncurrent liabilities 57,628 34,136
TOTAL LIABILITIES: 3,376,890 3,340,461
TOTAL LIABILITIES:    
Common stock, par value $0.001 26 26
Treasury shares (686,121) (678,431)
Additional paid in capital 769,926 760,600
Accumulated other comprehensive income, net 4,914 3,949
Retained earnings 926,610 1,003,248
TOTAL EQUITY: 1,015,355 1,089,392
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY: $ 4,392,245 $ 4,429,853