v3.26.1
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING REVENUES:    
Total operating revenues $ 1,013,177 $ 948,455
OPERATING EXPENSES:    
Salaries, wages and benefits 422,104 377,311
Aircraft maintenance, materials and repairs 213,027 209,100
Depreciation and amortization 90,216 89,446
Airport-related expenses 36,170 27,823
Aircraft fuel 38,904 24,488
Other operating expenses 89,070 80,910
Total operating expenses 889,491 809,078
OPERATING INCOME 123,686 139,377
OTHER INCOME (EXPENSE):    
Interest income 8,597 10,086
Interest expense (24,465) (27,118)
Other expense, net (48) (1,627)
Total other expense, net (15,916) (18,659)
INCOME BEFORE INCOME TAXES 107,770 120,718
PROVISION FOR INCOME TAXES 6,078 20,167
NET INCOME $ 101,692 $ 100,551
BASIC EARNINGS PER SHARE (in dollars per share) $ 2.54 $ 2.48
DILUTED EARNINGS PER SHARE (in dollars per share) $ 2.5 $ 2.42
Weighted average common shares:    
Basic (in shares) 39,999 40,490
Diluted (in shares) 40,668 41,599
COMPREHENSIVE INCOME:    
Net income $ 101,692 $ 100,551
Net unrealized depreciation on marketable securities, net of taxes (644) (75)
TOTAL COMPREHENSIVE INCOME 101,048 100,476
Flying agreements    
OPERATING REVENUES:    
Total operating revenues 977,885 915,994
Lease, airport services and other    
OPERATING REVENUES:    
Total operating revenues $ 35,292 $ 32,461