v3.26.3
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
OPERATING REVENUES:        
Total operating revenues $ 1,117,355 $ 1,050,029 $ 3,233,283 $ 3,033,711
OPERATING EXPENSES:        
Salaries, wages and benefits 429,747 391,634 1,278,677 1,159,188
Aircraft maintenance, materials and repairs 239,427 247,978 695,382 695,963
Depreciation and amortization 76,280 92,474 258,993 272,070
Aircraft fuel 66,303 34,216 165,770 86,163
Airport-related expenses 38,258 31,876 107,028 86,815
Other operating expenses 91,311 77,708 271,888 249,864
Total operating expenses 941,326 875,886 2,777,738 2,550,063
OPERATING INCOME 176,029 174,143 455,545 483,648
OTHER INCOME (EXPENSE):        
Interest income 8,089 10,565 25,480 31,701
Interest expense (24,635) (25,611) (74,026) (79,295)
Other income (expense), net 4 (1,928) (888) 4,949
Total other expense, net (16,542) (16,974) (49,434) (42,645)
INCOME BEFORE INCOME TAXES 159,487 157,169 406,111 441,003
PROVISION FOR INCOME TAXES 39,964 40,811 84,196 103,825
NET INCOME $ 119,523 $ 116,358 $ 321,915 $ 337,178
BASIC EARNINGS PER SHARE (in dollars per share) $ 3.1 $ 2.89 $ 8.18 $ 8.34
DILUTED EARNINGS PER SHARE (in dollars per share) $ 3.08 $ 2.81 $ 8.11 $ 8.14
Weighted average common shares:        
Basic (in shares) 38,599 40,323 39,340 40,410
Diluted (in shares) 38,824 41,392 39,703 41,447
COMPREHENSIVE INCOME:        
Net income $ 119,523 $ 116,358 $ 321,915 $ 337,178
Net unrealized appreciation (depreciation) on marketable securities, net of taxes (496) 324 (1,144) 173
TOTAL COMPREHENSIVE INCOME 119,027 116,682 320,771 337,351
Flying agreements        
OPERATING REVENUES:        
Total operating revenues 1,084,115 1,011,284 3,126,549 2,914,789
Lease, airport services and other        
OPERATING REVENUES:        
Total operating revenues $ 33,240 $ 38,745 $ 106,734 $ 118,922