v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from Operating Activities    
Net Income $ 43,112 $ 37,125
Adjustments to reconcile Net Income to Cash Provided by Operating Activities:    
Depreciation and Amortization 49,776 47,440
Deferred Income Taxes 10,079 9,539
Other, net 3,771 3,947
Changes in Operating Assets and Liabilities:    
Accounts Receivable 4,273 (1,268)
Inventory (1,079) (2,444)
Prepaid Expenses (1,379) 783
Lessor Maintenance Deposits (6,573) (8,387)
Other Assets (2,646) 291
Accounts Payable 2,089 3,625
Accrued Transportation Taxes (5,739) (2,934)
Air Traffic Liabilities (54,086) (41,119)
Loyalty Program Liabilities (204) (464)
Operating Lease Obligations (1,610) (958)
Other Liabilities (3,532) (6,304)
Net Cash Provided by Operating Activities 36,252 38,872
Cash Flows (Used in) Provided by Investing Activities:    
Purchases of Property & Equipment (21,204) (38,231)
Purchases of Investments (28,034) (31,610)
Proceeds from the Maturities of Investments 30,979 64,500
Other, net 10,248 8,863
Net Cash (Used in) Provided by Investing Activities (8,011) 3,522
Cash Flows Used in Financing Activities:    
Common Stock Repurchases (10,000) (11,493)
Proceeds from Borrowings 0 10,000
Repayment of Finance Lease Obligations (9,926) (20,870)
Repayment of Borrowings (45,628) (46,767)
Tax Receivable Agreement Payment (10,525) (3,350)
Other, net 677 443
Net Cash Used in Financing Activities (75,402) (72,037)
Net Decrease in Cash, Cash Equivalents and Restricted Cash (47,161) (29,643)
Cash, Cash Equivalents and Restricted Cash--Beginning of the Period 100,471 63,680
Cash, Cash Equivalents and Restricted Cash--End of the Period 53,310 34,037
Non-cash transactions:    
Aircraft Acquired under Finance Lease 0 40,116
Aircraft Acquired from the Exercise of Finance Lease Purchase Option, net of Accumulated Depreciation 0 11,634
Maintenance Rights Asset Capitalized into Aircraft and Flight Equipment upon End of Lease 4,697 0
Maintenance Rights Asset Converted to Accounts Receivable upon End of Lease $ 3,982 $ 0