CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Millions |
3 Months Ended | 9 Months Ended | ||||
|---|---|---|---|---|---|---|
Sep. 30, 2026 |
Sep. 30, 2025 |
Sep. 30, 2026 |
Sep. 30, 2025 |
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| REVENUES | [1] | $ 553.5 | $ 412.0 | $ 1,652.0 | $ 1,212.4 | |
| OPERATING EXPENSES: | ||||||
| Wages and benefits | 231.1 | 188.6 | 703.7 | 547.6 | ||
| Aircraft and engine rent | 1.6 | 0.0 | 5.6 | 0.0 | ||
| Depreciation and amortization | 35.3 | 31.7 | 105.0 | 93.2 | ||
| Executive separation and Merger-related items (Note 4) | 6.7 | 25.0 | 29.8 | 31.8 | ||
| Total operating expenses | 490.3 | 385.1 | 1,475.9 | 1,078.2 | ||
| OPERATING INCOME | 63.2 | 26.9 | 176.1 | 134.2 | ||
| OTHER INCOME (EXPENSE): | ||||||
| Investment income (loss) and other, net | 2.3 | (2.0) | 4.0 | 7.1 | ||
| Interest expense | (16.3) | (15.7) | (49.9) | (44.8) | ||
| Total other expense, net | (14.0) | (17.7) | (45.9) | (37.7) | ||
| INCOME BEFORE INCOME TAXES | 49.2 | 9.2 | 130.2 | 96.5 | ||
| INCOME TAX EXPENSE | 14.6 | 2.5 | 37.5 | 25.3 | ||
| NET INCOME | $ 34.6 | $ 6.7 | $ 92.7 | $ 71.2 | ||
| NET INCOME PER COMMON SHARE—BASIC (in dollars per share) | $ 0.75 | $ 0.17 | $ 2.03 | $ 1.81 | ||
| NET INCOME PER COMMON SHARE—DILUTED (in dollars per share) | $ 0.75 | $ 0.17 | $ 2.01 | $ 1.78 | ||
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—BASIC (in shares) | 45,920,124 | 39,805,959 | 45,761,360 | 39,354,559 | ||
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING—DILUTED (in shares) | 46,321,577 | 40,312,261 | 46,184,040 | 40,007,823 | ||
| Nonrelated Party | ||||||
| OPERATING EXPENSES: | ||||||
| Maintenance and repair | $ 119.3 | $ 67.8 | $ 341.4 | $ 199.8 | ||
| Other | 79.5 | 61.5 | 243.6 | 176.1 | ||
| Related Party | ||||||
| OPERATING EXPENSES: | ||||||
| Maintenance and repair | 14.2 | 10.4 | 39.8 | 28.8 | ||
| Other—related parties | $ 2.6 | $ 0.1 | $ 7.0 | $ 0.9 | ||
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- Definition Restructuring Charges And Acquisition Related Costs No definition available.
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- Definition Amount of expense for maintenance and repair of aircraft. Includes, but is not limited to, cost of inspection, repair, material, and routine maintenance of aircraft. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of expense for leasing aircraft from third party. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations. No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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- Details
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