v3.26.3
CONSOLIDATED STATEMENTS OF INCOME (unaudited) - 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:        
Passenger $ 777,448 $ 494,144 $ 2,271,739 $ 1,728,802
Third party products 44,616 39,397 132,709 108,249
Fixed fee contracts 83,646 18,852 147,491 52,123
Cargo 52,393 0 79,978 0
Other 3,456 9,539 5,564 61,216
Total operating revenues 961,559 561,932 2,637,481 1,950,390
OPERATING EXPENSES:        
Aircraft fuel 293,575 151,254 781,485 483,339
Salaries and benefits 287,387 196,394 755,790 641,935
Station operations 113,986 71,390 286,020 220,143
Depreciation and amortization 81,172 58,952 209,806 190,782
Maintenance and repairs 59,784 39,908 144,253 111,141
Sales and marketing 35,810 23,040 99,205 74,973
Aircraft rent 7,739 11,096 22,215 28,038
Other 52,267 33,615 112,916 109,873
Special charges, net of recoveries 19,084 3,473 112,818 119,842
Total operating expenses 950,804 589,122 2,524,508 1,980,066
OPERATING INCOME (LOSS) 10,755 (27,190) 112,973 (29,676)
OTHER (INCOME) EXPENSES:        
Interest income (9,673) (10,108) (27,226) (32,402)
Interest expense 46,555 38,116 115,856 114,656
Capitalized interest (6,189) (3,166) (15,417) (14,216)
Other non-operating expense 112 122 (994) 1,064
Total other expenses 30,805 24,964 72,219 69,102
INCOME (LOSS) BEFORE INCOME TAXES (20,050) (52,154) 40,754 (98,778)
INCOME TAX PROVISION (BENEFIT) (4,872) (8,580) 18,314 (22,140)
NET INCOME (LOSS) $ (15,178) $ (43,574) $ 22,440 $ (76,638)
Earnings (loss) per share to common shareholders:        
Basic (in dollars per share) $ (0.56) $ (2.41) $ 0.97 $ (4.26)
Diluted (in dollars per share) $ (0.56) $ (2.41) $ 0.97 $ (4.26)
Shares used for computation:        
Basic (in shares) 26,990 18,050 22,715 18,010
Diluted (in shares) 26,990 18,050 22,872 18,010