v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 65,841 $ 122,673
Marketable securities 561,413 584,236
Receivables, net 172,797 159,803
Inventories, net 173,635 168,547
Other current assets 38,959 55,935
Total current assets 1,012,645 1,091,194
PROPERTY AND EQUIPMENT:    
Aircraft and rotable spares 9,430,096 9,302,510
Deposits on aircraft 100,000 100,000
Buildings, ground equipment and other 334,075 328,401
Total property and equipment, gross 9,864,171 9,730,911
Less-accumulated depreciation and amortization (3,973,990) (3,887,943)
Total property and equipment, net 5,890,181 5,842,968
OTHER ASSETS:    
Operating lease right-of-use assets 82,965 81,943
Long-term receivables and other assets 360,547 370,144
Total other assets 443,512 452,087
Total assets 7,346,338 7,386,249
CURRENT LIABILITIES:    
Current maturities of long-term debt 598,438 546,812
Accounts payable and accrued liabilities 652,484 633,633
Accrued salaries, wages and benefits 215,234 240,954
Current maturities of operating lease liabilities 20,832 19,629
Taxes other than income taxes 24,030 22,694
Other current liabilities 122,568 203,886
Total current liabilities 1,633,586 1,667,608
LONG-TERM DEBT, net of current maturities 1,795,692 1,845,272
DEFERRED INCOME TAXES PAYABLE 915,034 910,731
NONCURRENT OPERATING LEASE LIABILITIES 62,133 62,314
OTHER LONG-TERM LIABILITIES 207,638 153,891
COMMITMENTS AND CONTINGENCIES (Note 7)
STOCKHOLDERS' EQUITY:    
Preferred stock, 5,000,000 shares authorized; none issued
Common stock, no par value, 120,000,000 shares authorized; 85,373,814 and 84,270,723 shares issued as of March 31, 2026 and December 31, 2025, respectively 804,232 798,470
Retained earnings 3,124,199 3,022,507
Treasury stock, at cost, 45,612,892 and 44,399,241 shares as of March 31, 2026 and December 31, 2025, respectively (1,195,810) (1,074,822)
Accumulated other comprehensive income (loss) (366) 278
Total stockholders' equity 2,732,255 2,746,433
Total liabilities and stockholders' equity $ 7,346,338 $ 7,386,249