v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Cash Flows [Abstract]    
NET INCOME $ 42,478 $ 32,102
Depreciation and amortization 57,926 63,312
Special charges 23,291 681
Other adjustments 4,024 (5,252)
Air traffic liability 125,473 68,724
Accrued pilot retention bonus 20,097 22,682
Other - net (5,227) 9,157
Net cash provided by operating activities 268,062 191,406
Cash flows from investing activities:    
Purchase of investment securities (174,366) (283,744)
Proceeds from maturities of investment securities 191,779 210,417
Aircraft pre-delivery deposits (132,396) 0
Purchase of property and equipment, including capitalized interest (45,425) (74,478)
Other investing activities 15,126 25,903
Net cash used in investing activities (145,282) (121,902)
Cash flows from financing activities:    
Proceeds from the issuance of debt and finance lease obligations 20,500 224,460
Repurchase of common stock (55) (11,120)
Principal payments on debt and finance lease obligations (29,411) (280,617)
Debt issuance costs 0 (1,758)
Net cash used in financing activities (8,966) (69,035)
NET CHANGE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 113,814 469
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 190,760 302,319
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 304,574 302,788
CASH PAYMENTS FOR:    
Interest paid, net of amount capitalized 31,389 38,568
Income tax refunds (537) (149)
SUPPLEMENTAL DISCLOSURE OF NONCASH TRANSACTIONS:    
Purchases of property and equipment in accrued liabilities and other $ 41,633 $ 8,308