v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 81,407 $ 122,673
Marketable securities 519,572 584,236
Receivables, net 189,017 159,803
Inventories, net 193,683 168,547
Other current assets 40,569 55,935
Total current assets 1,024,248 1,091,194
PROPERTY AND EQUIPMENT:    
Aircraft and rotable spares 9,561,706 9,302,510
Deposits on aircraft 100,000 100,000
Buildings, ground equipment and other 341,119 328,401
Total property and equipment, gross 10,002,825 9,730,911
Less-accumulated depreciation and amortization (4,057,473) (3,887,943)
Total property and equipment, net 5,945,352 5,842,968
OTHER ASSETS:    
Operating lease right-of-use assets 86,958 81,943
Long-term receivables and other assets 355,672 370,144
Total other assets 442,630 452,087
Total assets 7,412,230 7,386,249
CURRENT LIABILITIES:    
Current maturities of long-term debt 653,695 546,812
Accounts payable and accrued liabilities 753,216 633,633
Accrued salaries, wages and benefits 229,972 240,954
Current maturities of operating lease liabilities 21,868 19,629
Taxes other than income taxes 24,039 22,694
Other current liabilities 117,637 203,886
Total current liabilities 1,800,427 1,667,608
LONG-TERM DEBT, net of current maturities 1,642,763 1,845,272
DEFERRED INCOME TAXES PAYABLE 952,722 910,731
NONCURRENT OPERATING LEASE LIABILITIES 65,765 62,314
OTHER LONG-TERM LIABILITIES 189,060 153,891
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDERS' EQUITY:    
Preferred stock, 5,000,000 shares authorized; none issued
Common stock, no par value, 120,000,000 shares authorized; 85,379,909 and 84,270,723 shares issued as of June 30, 2026 and December 31, 2025, respectively 808,081 798,470
Retained earnings 3,224,899 3,022,507
Treasury stock, at cost, 46,445,748 and 44,399,241 shares as of June 30, 2026 and December 31, 2025, respectively (1,271,117) (1,074,822)
Accumulated other comprehensive income (loss) (370) 278
Total stockholders' equity 2,761,493 2,746,433
Total liabilities and stockholders' equity $ 7,412,230 $ 7,386,249