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Consolidated Statements of Operations
$ in Thousands
12 Months Ended
Dec. 31, 2023
USD ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
USD ($)
$ / shares
Operating revenues:      
Fare revenues $ 1,650,287 $ 1,661,176 $ 1,265,980
Other passenger revenues 1,473,237 1,078,251 866,944
Passenger revenues 3,123,524 2,739,427 2,132,924
Other non-passenger revenues 115,424 92,977 76,872
Cargo 20,025 14,786 11,882
Non-derivative financial instruments   (21,378) (21,378)
Operating revenues 3,258,973 2,847,190 2,200,300
Other operating income (54,710) (25,066) (10,758)
Fuel expense, net 1,165,078 1,299,254 609,390
Landing, take-off and navigation expenses 503,366 379,108 296,831
Salaries and benefits 386,723 283,089 239,215
Depreciation of right of use assets 362,015 320,443 269,351
Sales, marketing and distribution expenses 167,341 124,287 96,705
Other operating expenses 169,864 102,585 65,858
Aircraft and engine variable lease expenses 103,845 124,532 83,373
Maintenance expenses 98,445 97,783 96,256
Depreciation and amortization 134,296 97,486 57,049
Operating income 222,710 43,689 397,030
Finance income 38,222 12,902 3,531
Finance cost (219,343) (192,535) (139,374)
Foreign exchange (loss) gain, net (34,147) 3,581 (124,161)
Income (loss) before income tax 7,442 (132,363) 137,026
Income tax benefit (expense) 377 52,139 (30,573)
Net income (loss) $ 7,819 $ (80,224) $ 106,453
Earnings (loss) per share basic: | (per share) $ 0.007 $ (0.069) $ 0.092
Earnings (loss) per share diluted: | (per share) $ 0.007 $ (0.069) $ 0.091