v3.26.1
CONSOLIDATED STATEMENTS OF INCOME (unaudited) - 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:        
Passenger $ 822,491 $ 617,908 $ 1,494,290 $ 1,234,658
Third party products 45,758 33,649 88,093 68,852
Fixed fee contracts 45,723 17,019 63,846 33,271
Cargo 27,586 0 27,586 0
Other 1,932 20,808 2,106 51,677
Total operating revenues 943,490 689,384 1,675,921 1,388,458
OPERATING EXPENSES:        
Salaries and benefits 250,318 214,102 468,403 445,541
Aircraft fuel 307,669 165,752 487,910 332,085
Station operations 95,551 75,248 172,033 148,753
Depreciation and amortization 70,709 68,519 128,635 131,830
Maintenance and repairs 49,252 36,379 84,469 71,233
Sales and marketing 35,194 26,837 63,394 51,933
Aircraft rent 7,015 11,023 14,476 16,942
Other 40,716 41,089 60,649 76,259
Special charges, net of recoveries 65,952 117,924 93,734 116,369
Total operating expenses 922,376 756,873 1,573,703 1,390,945
OPERATING INCOME (LOSS) 21,114 (67,489) 102,218 (2,487)
OTHER (INCOME) EXPENSES:        
Interest income (8,840) (10,359) (17,554) (22,294)
Interest expense 40,072 35,756 69,299 76,540
Capitalized interest (4,937) (4,562) (9,227) (11,050)
Other non-operating expense 39 240 (1,105) 941
Total other expenses 26,334 21,075 41,413 44,137
INCOME (LOSS) BEFORE INCOME TAXES (5,220) (88,564) 60,805 (46,624)
INCOME TAX PROVISION (BENEFIT) (360) (23,398) 23,187 (13,560)
NET INCOME (LOSS) $ (4,860) $ (65,166) $ 37,618 $ (33,064)
Earnings (loss) per share to common shareholders:        
Basic (in dollars per share) $ (0.21) $ (3.62) $ 1.80 $ (1.84)
Diluted (in dollars per share) $ (0.21) $ (3.62) $ 1.80 $ (1.84)
Shares used for computation:        
Basic (in shares) 22,852 17,995 20,542 17,989
Diluted (in shares) 22,852 17,995 20,634 17,989