v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
OPERATING REVENUES:        
Total operating revenues $ 1,102,751 $ 1,035,227 $ 2,115,928 $ 1,983,682
OPERATING EXPENSES:        
Salaries, wages and benefits 426,826 390,243 848,930 767,554
Aircraft maintenance, materials and repairs 242,928 238,885 455,955 447,985
Depreciation and amortization 92,497 90,150 182,713 179,596
Aircraft fuel 60,563 27,459 99,467 51,947
Airport-related expenses 32,600 27,116 68,770 54,939
Other operating expenses 91,507 91,246 180,577 172,156
Total operating expenses 946,921 865,099 1,836,412 1,674,177
OPERATING INCOME 155,830 170,128 279,516 309,505
OTHER INCOME (EXPENSE):        
Interest income 8,794 11,050 17,391 21,136
Interest expense (24,926) (26,566) (49,391) (53,684)
Other income (expense), net (844) 8,504 (892) 6,877
Total other expense, net (16,976) (7,012) (32,892) (25,671)
INCOME BEFORE INCOME TAXES 138,854 163,116 246,624 283,834
PROVISION FOR INCOME TAXES 38,154 42,847 44,232 63,014
NET INCOME $ 100,700 $ 120,269 $ 202,392 $ 220,820
BASIC EARNINGS PER SHARE (in dollars per share) $ 2.55 $ 2.98 $ 5.1 $ 5.46
DILUTED EARNINGS PER SHARE (in dollars per share) $ 2.54 $ 2.91 $ 5.04 $ 5.32
Weighted average common shares:        
Basic (in shares) 39,424 40,416 39,711 40,453
Diluted (in shares) 39,617 41,351 40,142 41,475
COMPREHENSIVE INCOME:        
Net income $ 100,700 $ 120,269 $ 202,392 $ 220,820
Net unrealized depreciation on marketable securities, net of taxes (4) (76) (648) (151)
TOTAL COMPREHENSIVE INCOME 100,696 120,193 201,744 220,669
Flying agreements        
OPERATING REVENUES:        
Total operating revenues 1,064,549 987,511 2,042,434 1,903,505
Lease, airport services and other        
OPERATING REVENUES:        
Total operating revenues $ 38,202 $ 47,716 $ 73,494 $ 80,177