v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
Net revenue $ 1,490,286 $ 1,442,011 $ 2,947,862 $ 2,809,418
Operating expenses:        
Employee wages, benefits and taxes 924,522 742,617 1,694,528 1,477,375
Maintenance, fuel and other direct expenses 136,417 112,617 255,037 224,428
Insurance expense 50,877 51,301 93,856 84,953
Other operating expenses 231,900 220,908 459,994 436,714
Depreciation and amortization 76,956 72,507 152,323 147,634
Impairment of assets held for sale and other investments       14,100
Acquisition, integration and other charges 12,925 1,055 16,537 5,356
Total operating expenses 1,433,597 1,201,005 2,672,275 2,390,560
Operating income 56,689 241,006 275,587 418,858
Interest expense, net 76,848 108,516 160,022 222,201
Equity in (earnings) losses of unconsolidated affiliates (436) (272) (899) (2,574)
Other (income) loss, net (425) 10,468 (6,769) 9,546
Net income (loss) before income taxes (19,298) 122,294 123,233 189,685
Income tax (benefit) expense 8,980 41,533 45,175 70,900
Net income (loss) $ (28,278) $ 80,761 $ 78,058 $ 118,785
Net income (loss) available to common stockholders per share:        
Basic $ (1.84) $ 0.87 $ (1.35) $ 0.84
Diluted $ (1.84) $ 0.27 $ (1.35) $ 0.26
Weighted-average common shares outstanding:        
Basic 62,678,438 45,554,662 54,304,118 45,552,980
Diluted 62,678,438 148,265,105 54,304,118 148,084,828
Comprehensive income (loss):        
Net income (loss) $ (28,278) $ 80,761 $ 78,058 $ 118,785
Other comprehensive income (loss)        
Unrealized holding gains (losses) on investments 837 371 313 839
Deferred income tax benefit (expense), net (186) (82) (70) (186)
Total other comprehensive income (loss), net of income tax 651 289 243 653
Comprehensive income (loss) $ (27,627) $ 81,050 $ 78,301 $ 119,438