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CONSOLIDATED STATEMENTS OF INCOME (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
OPERATING REVENUES:        
Passenger $ 494,144 $ 488,989 $ 1,728,802 $ 1,663,423
Third party products 39,397 39,423 108,249 109,924
Fixed fee contracts 18,852 20,559 52,123 57,119
Resort and other 9,539 13,225 61,216 54,418
Total operating revenues 561,932 562,196 1,950,390 1,884,884
OPERATING EXPENSES:        
Salaries and benefits 196,394 195,326 641,935 618,595
Aircraft fuel 151,254 148,241 483,339 488,388
Station operations 71,390 70,632 220,143 206,898
Depreciation and amortization 58,952 63,918 190,782 193,122
Sales and marketing 23,040 24,869 74,973 83,266
Maintenance and repairs 39,908 30,278 111,141 91,286
Aircraft lease rentals 11,096 5,920 28,038 17,653
Other 33,615 40,563 109,873 121,671
Special charges, net of recoveries 3,473 8,790 119,842 40,002
Total operating expenses 589,122 588,537 1,980,066 1,860,881
OPERATING INCOME (LOSS) (27,190) (26,341) (29,676) 24,003
OTHER (INCOME) EXPENSES:        
Interest expense 38,116 39,065 114,656 118,769
Capitalized interest (3,166) (11,923) (14,216) (34,718)
Interest income (10,108) (10,071) (32,402) (33,441)
Other, net 122 30 1,064 146
Total other expenses 24,964 17,101 69,102 50,756
LOSS BEFORE INCOME TAXES (52,154) (43,442) (98,778) (26,753)
INCOME TAX BENEFIT (8,580) (6,653) (22,140) (2,745)
NET LOSS $ (43,574) $ (36,789) $ (76,638) $ (24,008)
Loss per share to common shareholders:        
Basic (in dollars per share) $ (2.41) $ (2.05) $ (4.26) $ (1.38)
Diluted (in dollars per share) $ (2.41) $ (2.05) $ (4.26) $ (1.38)
Shares used for computation:        
Basic (in shares) 18,050 17,913 18,010 17,802
Diluted (in shares) 18,050 17,913 18,010 17,802
Cash dividends declared per share (in dollars per share) $ 0 $ 0 $ 0 $ 1.20