v3.25.2
Condensed Consolidated Statements of Operations - USD ($)
 2 Months Ended 3 Months Ended 4 Months Ended 6 Months Ended
Mar. 12, 2025
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating revenues:          
Total operating revenues $ 755,354,000 $ 1,019,833,000 $ 1,280,889,000 $ 1,276,878,000 $ 2,546,426,000
Operating expenses:          
Salaries, wages and benefits 308,585,000 367,361,000 418,378,000 443,573,000 849,861,000
Aircraft fuel 219,922,000 260,486,000 407,296,000 321,283,000 813,647,000
Aircraft rent 120,183,000 140,693,000 125,339,000 171,577,000 240,545,000
Landing fees and other rents 87,001,000 101,457,000 116,064,000 122,401,000 222,782,000
Depreciation and amortization 54,853,000 62,886,000 84,486,000 74,483,000 165,832,000
Maintenance, materials and repairs 47,498,000 48,747,000 52,453,000 59,956,000 107,368,000
Distribution 39,461,000 47,139,000 45,923,000 57,571,000 91,099,000
Special charges (credits) 0 0 (381,000) (4,000) 35,877,000
Loss (gain) on disposal of assets 11,655,000 (309,000) (14,047,000) (328,000) (17,076,000)
Other operating 153,395,000 175,496,000 197,890,000 212,446,000 396,340,000
Total operating expenses 1,042,553,000 1,203,956,000 1,433,401,000 1,462,958,000 2,906,275,000
Operating income (loss) (287,199,000) (184,123,000) (152,512,000) (186,080,000) (359,849,000)
Other (income) expense:          
Interest expense 47,682,000 62,103,000 54,307,000 71,880,000 109,116,000
Loss (gain) on extinguishment of debt (87,000)     0 (14,996,000)
Capitalized interest (956,000) (557,000) (5,689,000) (675,000) (15,692,000)
Interest income (8,873,000) (7,142,000) (12,169,000) (9,145,000) (25,759,000)
Other (income) expense 902,000 262,000 665,000 312,000 (65,825,000)
Special charges, non-operating 5,511,000 11,039,000 0 12,415,000 0
Reorganization (gain) expense (421,464,000)     0 0
Total other (income) expense (377,285,000) 65,705,000 37,114,000 74,787,000 (13,156,000)
Income (loss) before income taxes 90,086,000 (249,828,000) (189,626,000) (260,867,000) (346,693,000)
Provision (benefit) for income taxes 17,870,000 (3,997,000) 3,301,000 (4,100,000) (11,131,000)
Net income (loss) $ 72,216,000 $ (245,831,000) $ (192,927,000) $ (256,767,000) $ (335,562,000)
Basic earnings (loss) per share (in dollars per share) $ 0.66 $ (7.24) $ (1.76) $ (8.15) $ (3.07)
Diluted earnings (loss) per share (in dollars per share) $ 0.66 $ (7.24) $ (1.76) $ (8.15) $ (3.07)
Passenger          
Operating revenues:          
Total operating revenues $ 740,610,000 $ 1,000,806,000 $ 1,253,803,000 $ 1,253,765,000 $ 2,493,113,000
Other          
Operating revenues:          
Total operating revenues $ 14,744,000 $ 19,027,000 $ 27,086,000 $ 23,113,000 $ 53,313,000