v3.26.1
CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 283,447 $ 172,696
Restricted cash 21,127 18,064
Short-term investments 618,716 632,959
Accounts receivable 49,683 57,110
Expendable parts, supplies and fuel, net 43,815 34,431
Prepaid expenses and other current assets 50,600 52,393
TOTAL CURRENT ASSETS 1,067,388 967,653
Property and equipment, net 3,066,835 2,947,536
Long-term investments 31,392 32,823
Deferred major maintenance, net 143,634 148,506
Operating lease right-of-use assets, net 60,301 63,389
Deposits and other assets 45,067 49,494
TOTAL ASSETS: 4,414,617 4,209,401
CURRENT LIABILITIES    
Accounts payable 75,318 64,506
Accrued liabilities 186,660 186,019
Accrued pilot retention bonus 255,984 235,887
Current operating lease liabilities 10,380 10,936
Air traffic liability 488,801 363,328
Current loyalty program liability 40,119 39,711
Current maturities of long-term debt and finance lease obligations, net of related costs 121,346 118,075
TOTAL CURRENT LIABILITIES 1,178,608 1,018,462
Long-term debt and finance lease obligations, net of current maturities and related costs 1,670,488 1,681,541
Deferred income taxes 322,897 305,416
Noncurrent operating lease liabilities 51,576 54,170
Noncurrent loyalty program liability 36,382 37,921
Other noncurrent liabilities 58,593 59,214
TOTAL LIABILITIES: 3,318,544 3,156,724
TOTAL LIABILITIES:    
Common stock, par value $0.001 26 26
Treasury shares (682,566) (682,511)
Additional paid in capital 774,181 771,967
Accumulated other comprehensive income, net 3,403 4,644
Retained earnings 1,001,029 958,551
TOTAL EQUITY: 1,096,073 1,052,677
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY: $ 4,414,617 $ 4,209,401