Hawaiian Holdings, Inc(NASDAQ:HA) 
Hawaiian Holdings, Inc., through its subsidiary, Hawaiian Airlines, Inc., engages in the scheduled air transportation of passengers and cargo. The company offers daily services on North America routes between the State of Hawai'i and Long Beach, Los Angeles, Oakland, Sacramento, San Diego, San Franc...
Website: http://www.hawaiianairlines.com
Founded: 1929
Full Time Employees: 7,087
Sector: Industrials
Industry: Airlines
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At a glance:
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Quarterly
Annual
| Unit: USD | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2017-12-31 | 2016-12-31 | 2014-12-31 | 2006-12-31 |
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operating revenue: | |||||||||||||||||||||||
passenger | 666,029,000 | 583,448,000 | 601,621,000 | 664,866,000 | 644,992,000 | 548,526,000 | 650,841,000 | 663,107,000 | 617,463,000 | 404,029,000 | 423,118,000 | 454,044,000 | 356,271,000 | 137,469,000 | 91,791,000 | 39,777,000 | 29,762,000 | 503,469,000 | |||||
other | 65,876,000 | 62,119,000 | 67,453,000 | 62,813,000 | 61,936,000 | 64,077,000 | 80,193,000 | 78,047,000 | 74,402,000 | 73,185,000 | 71,620,000 | 54,804,000 | 54,510,000 | 44,748,000 | 57,892,000 | 36,205,000 | 30,242,000 | 55,675,000 | |||||
total | 731,905,000 | 645,567,000 | 669,074,000 | 727,679,000 | 706,928,000 | 612,603,000 | 731,034,000 | 741,154,000 | 691,865,000 | 477,214,000 | 494,738,000 | 508,848,000 | 410,781,000 | 182,217,000 | 149,683,000 | 75,982,000 | 60,004,000 | 559,144,000 | |||||
operating expenses: | |||||||||||||||||||||||
wages and benefits | 265,024,000 | 261,935,000 | 223,012,000 | 248,899,000 | 237,680,000 | 241,933,000 | 218,046,000 | 206,306,000 | 205,686,000 | 203,099,000 | 186,759,000 | 180,405,000 | 170,858,000 | 12,809,000 | 149,833,000 | 19,494,000 | 30,329,000 | 188,254,000 | |||||
aircraft fuel, including taxes and delivery | 179,153,000 | 188,778,000 | 202,058,000 | 200,069,000 | 166,380,000 | 197,625,000 | 213,204,000 | 225,999,000 | 226,892,000 | 150,982,000 | 122,642,000 | 108,785,000 | 83,840,000 | 47,736,000 | 26,338,000 | 14,544,000 | 7,003,000 | 113,478,000 | |||||
maintenance, materials and repairs | 69,897,000 | 70,971,000 | 42,250,000 | 65,057,000 | 53,657,000 | 50,287,000 | 42,733,500 | 59,317,000 | 55,967,000 | 55,650,000 | 29,854,000 | 48,081,000 | 37,083,000 | 34,252,000 | 23,266,750 | 18,664,000 | 13,994,000 | 60,409,000 | |||||
aircraft and passenger servicing | 47,854,000 | 45,424,000 | 44,815,000 | 46,225,000 | 43,126,000 | 42,532,000 | 42,060,000 | 41,044,000 | 35,631,000 | 33,815,000 | 31,779,000 | 30,915,000 | 25,730,000 | 17,251,000 | 11,557,000 | 5,140,000 | 3,036,000 | 38,283,000 | |||||
depreciation and amortization | 35,068,000 | 32,967,000 | 32,840,000 | 34,760,000 | 33,348,000 | 32,667,000 | 33,734,000 | 34,347,000 | 34,333,000 | 33,755,000 | 33,931,000 | 33,899,000 | 35,113,000 | 35,356,000 | 36,149,000 | 36,734,000 | 39,333,000 | 39,449,000 | |||||
aircraft rent | 29,891,000 | 29,706,000 | 28,914,000 | 26,497,000 | 26,159,000 | 28,171,000 | 25,859,000 | 25,921,000 | 25,790,000 | 26,276,000 | 25,276,000 | 26,680,000 | 27,679,000 | 29,841,000 | 26,770,000 | 26,230,000 | 23,886,000 | 27,004,000 | |||||
commissions and other selling | 29,068,000 | 28,443,000 | 30,808,000 | 29,695,000 | 28,391,000 | 28,238,000 | 32,076,000 | 32,505,000 | 28,615,000 | 20,647,000 | 22,869,000 | 20,964,000 | 17,270,000 | 11,409,000 | 11,453,000 | 5,201,000 | 2,927,000 | 26,716,000 | |||||
other rentals and landing fees | 45,011,000 | 43,127,000 | 44,797,000 | 46,366,000 | 41,487,000 | 38,720,000 | 37,121,000 | 38,370,000 | 37,041,000 | 34,611,000 | 33,351,000 | 36,414,000 | 27,339,000 | 19,668,000 | 16,209,000 | 14,156,000 | 13,677,000 | 29,766,000 | |||||
purchased services | 39,025,000 | 38,475,000 | 36,001,000 | 36,568,000 | 37,181,000 | 35,072,000 | 33,637,000 | 31,269,000 | 33,757,000 | 30,687,000 | 27,984,000 | 27,361,000 | 23,771,000 | 24,097,000 | 22,044,000 | 22,878,000 | 19,887,000 | 34,241,000 | |||||
special items | 6,497,000 | 8,482,000 | 12,500,000 | 6,303,000 | 8,983,000 | 5,704,000 | 17,489,000 | 34,014,000 | 126,904,000 | ||||||||||||||
operating income | -55,387,000 | -148,646,000 | -111,750,000 | -54,917,000 | -9,580,000 | -117,427,000 | -32,788,000 | -3,372,000 | -26,089,000 | -147,805,000 | -71,342,000 | 43,467,000 | 18,475,000 | -73,164,000 | -209,478,000 | -121,073,000 | -148,964,000 | -168,096,000 | |||||
yoy | 478.15% | 26.59% | 240.83% | 1528.62% | -63.28% | -20.55% | -54.04% | -107.76% | -241.21% | 102.02% | -65.94% | -135.90% | -112.40% | -56.47% | |||||||||
qoq | -62.74% | 33.02% | 103.49% | 473.25% | -91.84% | 258.14% | 872.36% | -87.08% | -82.35% | 107.18% | -264.13% | 135.27% | -125.25% | -65.07% | 73.02% | -18.72% | -11.38% | ||||||
nonoperating income: | |||||||||||||||||||||||
interest expense and amortization of debt discounts and issuance costs | -28,324,000 | -24,069,000 | -22,358,000 | -22,597,000 | -22,705,000 | -22,880,000 | -23,055,000 | -23,206,000 | -24,517,000 | -25,037,000 | -26,526,000 | -29,897,000 | -30,315,000 | -23,693,000 | -13,827,000 | -11,596,000 | -8,221,000 | -6,795,000 | |||||
interest income | 11,134,000 | 10,021,000 | 10,922,250 | 13,685,000 | 13,539,000 | 16,465,000 | 5,070,750 | 9,287,000 | 6,562,000 | 4,434,000 | 3,942,000 | 2,067,000 | 1,345,000 | 1,249,000 | 1,003,000 | 1,942,000 | 2,766,000 | 3,020,000 | |||||
capitalized interest | 2,541,000 | 3,134,000 | 3,124,000 | 2,306,000 | 1,945,000 | 1,458,000 | 1,071,000 | 1,061,000 | 1,060,000 | 1,052,000 | 1,017,000 | 880,000 | 776,000 | 684,000 | 653,000 | 831,000 | 921,000 | 831,000 | |||||
losses on fuel derivatives | -1,863,000 | -582,000 | -3,658,000 | -5,065,000 | -1,733,250 | -297,000 | |||||||||||||||||
other components of net periodic benefit cost | -927,000 | -927,000 | -1,226,750 | -1,707,000 | -1,707,000 | -1,494,000 | 953,000 | 1,252,000 | 1,274,000 | 1,286,000 | 735,750 | 981,000 | 981,000 | 981,000 | |||||||||
losses on investments | -654,000 | -1,726,500 | -4,054,000 | -3,549,000 | |||||||||||||||||||
gains on foreign debt | 6,470,000 | 8,519,000 | -7,245,000 | 4,311,000 | 12,174,000 | 2,260,000 | -15,628,000 | 9,978,000 | |||||||||||||||
income before income taxes | -67,594,000 | -152,850,000 | -126,982,000 | -60,520,000 | -14,461,000 | -125,831,000 | -62,918,000 | -10,779,000 | -45,934,000 | -154,824,000 | -119,374,000 | 19,169,000 | -8,294,000 | -76,824,000 | -228,759,000 | -143,584,000 | -152,521,000 | -175,188,000 | |||||
income tax benefit | -15,285,000 | -25,800,000 | -11,800,000 | -2,126,000 | -27,574,000 | -12,758,000 | -1,510,000 | -9,160,000 | -32,015,000 | -26,800,000 | 4,500,000 | -2,117,000 | -16,133,000 | -66,199,000 | -46,485,000 | -45,617,000 | -30,816,000 | ||||||
net income | -67,594,000 | -137,565,000 | -101,182,000 | -48,720,000 | -12,335,000 | -98,257,000 | -50,160,000 | -9,269,000 | -36,774,000 | -122,809,000 | -92,574,000 | 14,669,000 | -6,177,000 | -60,691,000 | -162,560,000 | -97,099,000 | -106,904,000 | -144,372,000 | |||||
yoy | 447.99% | 40.01% | 101.72% | 425.62% | -66.46% | -19.99% | -45.82% | -163.19% | 495.34% | 102.35% | -43.05% | -115.11% | -94.22% | -57.96% | |||||||||
qoq | -50.86% | 35.96% | 107.68% | 294.97% | -87.45% | 95.89% | 441.16% | -74.79% | -70.06% | 32.66% | -731.09% | -337.48% | -89.82% | -62.67% | 67.42% | -9.17% | -25.95% | ||||||
net income per share | |||||||||||||||||||||||
basic | -1.3 | -2.65 | -5,046.91 | -0.94 | -0.24 | -1.91 | -4,666.3 | -0.18 | -0.72 | -2.39 | -2,848.97 | 0.29 | -0.12 | -1.23 | -11,072.42 | -2.11 | -2.33 | -3.14 | |||||
diluted | -1.3 | -2.65 | -5,046.91 | -0.94 | -0.24 | -1.91 | -4,666.3 | -0.18 | -0.72 | -2.39 | -2,848.97 | 0.28 | -0.12 | -1.23 | -11,072.42 | -2.11 | -2.33 | -3.14 | |||||
weighted-average number of common stock shares outstanding: | |||||||||||||||||||||||
basic | 51,932 | 51,838 | 51,596,000 | 51,632 | 51,587 | 51,507 | 51,361,000 | 51,388 | 51,356 | 51,288 | 50,769,000 | 51,210 | 51,156 | 49,472 | 46,100,000 | 46,001 | 45,971 | 45,967 | |||||
diluted | 51,932 | 51,838 | 51,596,000 | 51,632 | 51,587 | 51,507 | 51,361,000 | 51,388 | 51,356 | 51,288 | 50,769,000 | 51,825 | 51,156 | 49,472 | 46,100,000 | 46,001 | 45,971 | 45,967 | |||||
gains on investments | 470,000 | 697,000 | -4,563,000 | -4,028,000 | |||||||||||||||||||
gains on fuel derivatives | -6,992,000 | 3,097,000 | -1,978,000 | -1,063,000 | 217,000 | -184,000 | -6,452,000 | ||||||||||||||||
loss on extinguishment of debt | -8,568,000 | -34,895,000 | -3,994,000 | ||||||||||||||||||||
government grant recognition | -78,256,000 | -95,119,000 | |||||||||||||||||||||
other nonoperating special items | 1,329,000 | -7,011,000 | |||||||||||||||||||||
cash dividends declared per common stock share | 0.03 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2019-12-31 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2018-06-30 | 2017-12-31 | 2017-09-30 | 2017-03-31 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2014-12-31 | 2014-09-30 | 2014-03-31 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-06-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2003-03-31 | 2002-12-31 |
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assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 510,463,000 | 230,865,000 | 153,273,000 | 110,671,000 | 226,951,000 | 271,855,000 | 229,122,000 | 275,128,000 | 424,952,000 | 481,212,000 | 490,561,000 | 714,597,000 | 1,248,480,000 | 987,865,000 | 509,639,000 | 537,002,000 | 592,520,000 | 373,056,000 | 341,304,000 | 365,100,000 | 346,041,000 | 333,791,000 | 190,953,000 | 348,049,000 | 466,789,000 | 355,467,000 | 388,913,000 | 345,174,000 | 344,782,000 | 264,087,000 | 328,255,000 | 334,991,000 | 477,588,000 | 438,221,000 | 433,485,000 | 446,557,000 | 376,020,000 | 286,846,000 | 303,497,000 | 323,691,000 | 276,235,000 | 232,236,000 | 288,160,000 | 237,232,000 | 246,434,000 | 211,371,000 | 182,686,000 | 96,335,000 | 110,415,000 | 104,518,000 | 117,005,000 | 66,852,000 | 162,487,000 | 172,542,000 | 153,656,000 | 30,600,000 | 71,908,000 |
restricted cash | 17,250,000 | 17,250,000 | 17,250,000 | 17,250,000 | 17,860,000 | 17,648,000 | 17,498,000 | 17,352,000 | 17,268,000 | 17,253,000 | 17,267,000 | 31,822,000 | 31,820,000 | 31,817,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | 6,566,000 | 6,566,000 | 20,379,000 | 5,621,000 | 5,000,000 | 5,000,000 | 5,000,000 | 5,229,000 | 35,246,000 | 5,226,000 | 5,225,000 | 36,555,000 | 32,632,000 | 29,843,000 | 31,921,000 | 34,653,000 | 34,730,000 | 56,085,000 | 41,901,000 | 47,823,000 | 49,132,000 | 39,852,000 | 53,719,000 | 71,021,000 | 76,835,000 | 70,804,000 | 36,913,000 | 23,202,000 | |||||||
short-term investments | 745,609,000 | 666,432,000 | 755,224,000 | 1,023,534,000 | 1,083,865,000 | 1,111,082,000 | 1,147,193,000 | 1,152,711,000 | 1,117,417,000 | 1,162,895,000 | 1,241,752,000 | 1,279,953,000 | 933,099,000 | 889,962,000 | 354,782,000 | 442,106,000 | 168,410,000 | 245,599,000 | 198,146,000 | 166,817,000 | 245,307,000 | 259,313,000 | 269,297,000 | 270,697,000 | 273,700,000 | 266,345,000 | 280,155,000 | 265,437,000 | 261,281,000 | 260,121,000 | 253,300,000 | 143,702,000 | 38,096,000 | 77,482,000 | 14,752,000 | 45,353,000 | 1,553,000 | 13,450,000 | 8,185,000 | 3,938,000 | 57,017,000 | 48,330,000 | 13,660,000 | ||||||||||||||
accounts receivable | 110,835,000 | 99,117,000 | 105,858,000 | 97,283,000 | 94,896,000 | 99,880,000 | 113,862,000 | 87,417,000 | 89,256,000 | 91,135,000 | 92,888,000 | 55,041,000 | 63,829,000 | 57,887,000 | 67,527,000 | 30,106,000 | 28,467,000 | 97,380,000 | 109,726,000 | 110,658,000 | 126,534,000 | 111,493,000 | 140,279,000 | 118,622,000 | 104,485,000 | 93,432,000 | 79,757,000 | 80,682,000 | 83,871,000 | 80,737,000 | 82,902,000 | 97,715,000 | 97,577,000 | 99,950,000 | 107,704,000 | 96,709,000 | 112,946,000 | 77,339,000 | 79,279,000 | 95,598,000 | 43,664,000 | 48,996,000 | 53,025,000 | 38,792,000 | 45,489,000 | 45,363,000 | 56,306,000 | 55,122,000 | 42,761,000 | 50,159,000 | 50,285,000 | 39,304,000 | 35,729,000 | 36,373,000 | 38,986,000 | 31,697,000 | 28,093,000 |
income taxes receivable | 2,719,000 | 642,000 | 669,000 | 1,660,000 | 1,666,000 | 3,382,000 | 70,204,000 | 70,233,000 | 69,980,000 | 72,792,000 | 71,201,000 | 94,543,000 | 94,508,000 | 94,724,000 | 95,002,000 | 67,758,000 | 92,365,000 | 64,192,000 | |||||||||||||||||||||||||||||||||||||||
spare parts and supplies | 70,627,000 | 65,444,000 | 60,115,000 | 53,817,000 | 47,837,000 | 38,905,000 | 36,875,000 | 37,163,000 | 39,065,000 | 35,923,000 | 34,109,000 | 35,116,000 | 35,439,000 | 36,014,000 | 35,442,000 | 36,621,000 | 35,660,000 | 37,630,000 | 35,897,000 | 36,461,000 | 32,646,000 | 36,387,000 | 35,361,000 | 26,560,000 | 18,622,000 | 18,150,000 | 19,803,000 | 20,359,000 | 20,399,000 | 18,011,000 | 20,287,000 | 17,400,000 | 18,520,000 | 25,067,000 | 21,840,000 | 21,293,000 | 27,262,000 | 25,549,000 | 22,639,000 | 20,076,000 | 17,129,000 | 18,417,000 | 16,265,000 | 15,555,000 | 16,323,000 | 20,084,000 | 19,537,000 | 15,145,000 | 13,346,000 | 14,406,000 | 13,252,000 | 15,462,000 | 14,623,000 | 14,022,000 | 14,503,000 | 5,140,000 | 4,408,000 |
prepaid expenses and other | 79,403,000 | 80,304,000 | 78,551,000 | 91,754,000 | 72,185,000 | 83,021,000 | 63,553,000 | 85,544,000 | 75,091,000 | 60,305,000 | 66,127,000 | 77,489,000 | 74,893,000 | 74,340,000 | 56,086,000 | 54,918,000 | 45,431,000 | 56,849,000 | 53,279,000 | 60,553,000 | 95,292,000 | 99,315,000 | 65,196,000 | 56,783,000 | 49,443,000 | 53,788,000 | 37,508,000 | 53,013,000 | 48,051,000 | 53,382,000 | 47,677,000 | 32,551,000 | 46,108,000 | 39,270,000 | 40,669,000 | 36,811,000 | 41,378,000 | 38,575,000 | 59,094,000 | 51,420,000 | 23,147,000 | 25,751,000 | 24,509,000 | 27,971,000 | 19,508,000 | 19,321,000 | 35,150,000 | 27,105,000 | 22,924,000 | 27,593,000 | 25,314,000 | 19,120,000 | 26,881,000 | 24,864,000 | 21,515,000 | 15,256,000 | 13,273,000 |
total | 1,536,906,000 | 1,160,054,000 | 1,170,940,000 | 1,395,969,000 | 1,545,260,000 | 1,625,773,000 | 1,678,307,000 | 1,725,548,000 | 1,833,029,000 | 1,921,515,000 | 2,013,905,000 | 2,288,561,000 | 2,482,068,000 | 2,172,609,000 | 1,118,478,000 | 1,168,511,000 | 962,853,000 | 874,706,000 | 738,352,000 | 739,589,000 | 845,820,000 | 841,299,000 | 702,086,000 | 821,711,000 | 914,039,000 | 792,182,000 | 811,136,000 | 791,767,000 | 786,041,000 | 704,847,000 | 756,312,000 | 664,063,000 | 665,691,000 | 625,183,000 | 626,204,000 | 621,706,000 | 578,171,000 | 480,690,000 | 488,184,000 | 514,459,000 | 455,743,000 | 458,002,000 | 426,554,000 | 396,824,000 | 363,960,000 | 344,319,000 | 357,949,000 | 239,546,000 | 314,896,000 | 311,926,000 | 277,444,000 | 259,696,000 | 321,803,000 | 335,628,000 | 309,624,000 | 73,753,000 | |
property and equipment, less accumulated depreciation and amortization of 1,192,373 and 1,150,529 as of june 30, 2024 and december 31, 2023, respectively | 2,199,989,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held-for-sale | 1,072,000 | 1,091,000 | 2,813,000 | 2,845,000 | 5,024,000 | 15,897,000 | 22,566,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease right-of-use assets | 371,519,000 | 393,769,000 | 413,237,000 | 423,706,000 | 425,069,000 | 439,228,000 | 459,128,000 | 477,169,000 | 497,214,000 | 516,355,000 | 536,154,000 | 554,850,000 | 582,040,000 | 604,766,000 | 627,359,000 | 647,288,000 | 592,933,000 | 632,545,000 | 601,966,000 | 613,103,000 | |||||||||||||||||||||||||||||||||||||
long-term prepayments and other | 119,771,000 | 118,057,000 | 121,097,000 | 117,716,000 | 106,399,000 | 106,136,000 | 100,317,000 | 91,333,000 | 92,990,000 | 76,753,000 | 80,489,000 | 99,651,000 | 107,157,000 | 118,890,000 | 133,663,000 | 146,619,000 | 159,383,000 | 182,438,000 | 150,952,000 | 171,013,000 | 187,860,000 | 183,276,000 | 193,632,000 | 124,926,000 | 126,231,000 | 69,792,000 | 70,603,000 | 90,108,000 | 95,299,000 | 96,225,000 | 99,323,000 | 94,117,000 | 86,007,000 | 66,172,000 | 57,300,000 | 56,601,000 | 49,695,000 | 45,946,000 | 41,888,000 | 40,838,000 | 32,589,000 | 34,218,000 | 32,927,000 | 35,171,000 | 54,402,000 | 48,598,000 | 47,276,000 | 42,422,000 | 38,710,000 | 36,163,000 | 35,179,000 | 31,454,000 | 27,892,000 | 39,816,000 | 98,866,000 | 41,884,000 | 41,277,000 |
intangible assets | 13,500,000 | 13,500,000 | 13,500,000 | 13,500,000 | 13,500,000 | 13,500,000 | 13,500,000 | 13,500,000 | 13,500,000 | 13,500,000 | 13,500,000 | 13,500,000 | 13,500,000 | 13,500,000 | 13,500,000 | 13,500,000 | 13,500,000 | 13,500,000 | 15,187,000 | 21,300,000 | |||||||||||||||||||||||||||||||||||||
total assets | 4,242,757,000 | 3,790,913,000 | 3,733,525,000 | 3,923,260,000 | 4,059,850,000 | 4,127,458,000 | 4,139,623,000 | 4,211,118,000 | 4,365,014,000 | 4,488,162,000 | 4,631,120,000 | 4,969,274,000 | 5,216,136,000 | 4,972,899,000 | 3,978,030,000 | 4,097,136,000 | 3,996,495,000 | 4,126,624,000 | 3,768,183,000 | 3,754,114,000 | 3,270,955,000 | 3,232,861,000 | 2,859,831,000 | 2,822,693,000 | 2,842,159,000 | 2,561,337,000 | 2,570,015,000 | 2,625,791,000 | 2,615,916,000 | 2,602,528,000 | 2,615,236,000 | 2,372,576,000 | 2,135,391,000 | 1,945,655,000 | 1,853,000,000 | 1,859,679,000 | 1,669,083,000 | 1,371,518,000 | 1,381,277,000 | 1,206,763,000 | 1,057,238,000 | 1,057,974,000 | 1,004,412,000 | 981,630,000 | 973,710,000 | 943,194,000 | 953,106,000 | 839,279,000 | 877,818,000 | 870,998,000 | 839,902,000 | 819,953,000 | 732,935,000 | 751,355,000 | 785,994,000 | 236,257,000 | 256,166,000 |
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 200,837,000 | 214,848,000 | 199,223,000 | 198,007,000 | 180,287,000 | 202,864,000 | 196,009,000 | 147,052,000 | 148,583,000 | 129,832,000 | 114,400,000 | 131,341,000 | 109,058,000 | 117,288,000 | 112,002,000 | 96,160,000 | 101,641,000 | 148,748,000 | 150,131,000 | 145,067,000 | 141,209,000 | 153,262,000 | 140,805,000 | 118,810,000 | 124,260,000 | 114,396,000 | 111,596,000 | 101,863,000 | 103,618,000 | 97,260,000 | 78,350,000 | 91,687,000 | 85,245,000 | 97,550,000 | 81,008,000 | 84,937,000 | 81,541,000 | 73,145,000 | 86,802,000 | 76,007,000 | 48,767,000 | 56,050,000 | 45,750,000 | 37,142,000 | 43,935,000 | 38,875,000 | 51,782,000 | 49,650,000 | 44,892,000 | 53,387,000 | 45,995,000 | 51,918,000 | 38,926,000 | 39,983,000 | 35,867,000 | 24,322,000 | 79,682,000 |
air traffic liability and current frequent flyer deferred revenue | 793,010,000 | 757,855,000 | 633,345,000 | 699,085,000 | 795,530,000 | 746,467,000 | 590,796,000 | 699,802,000 | 783,732,000 | 760,783,000 | 631,157,000 | 721,446,000 | 823,074,000 | 687,323,000 | 533,702,000 | 515,424,000 | 553,554,000 | 606,684,000 | 698,169,000 | 691,010,000 | |||||||||||||||||||||||||||||||||||||
other accrued liabilities | 172,735,000 | 165,430,000 | 175,591,000 | 175,992,000 | 177,394,000 | 186,911,000 | 182,036,000 | 173,966,000 | 166,839,000 | 157,687,000 | 165,050,000 | 150,276,000 | 256,342,000 | 145,701,000 | 140,081,000 | 132,734,000 | 221,881,000 | 161,430,000 | 164,034,000 | 130,746,000 | 136,820,000 | 144,003,000 | 146,283,000 | 157,760,000 | 176,900,000 | 121,775,000 | 146,441,000 | 139,827,000 | 122,629,000 | 141,919,000 | 114,717,000 | 88,331,000 | 87,455,000 | 74,885,000 | 71,124,000 | 71,226,000 | 64,234,000 | 64,399,000 | 55,605,000 | 53,494,000 | 62,467,000 | 56,805,000 | 55,418,000 | 48,427,000 | 50,464,000 | 50,989,000 | 46,129,000 | 42,785,000 | 38,987,000 | 39,424,000 | 37,331,000 | 38,402,000 | 38,631,000 | 34,074,000 | 39,926,000 | 61,780,000 | |
current maturities of long-term debt, less discount | 131,824,000 | 75,132,000 | 43,857,000 | 42,364,000 | 44,063,000 | 46,176,000 | 47,836,000 | 45,205,000 | 46,857,000 | 60,431,000 | 97,096,000 | 119,980,000 | 141,536,000 | 142,051,000 | 115,019,000 | 114,810,000 | 60,079,000 | 53,273,000 | |||||||||||||||||||||||||||||||||||||||
current maturities of finance lease obligations | 8,883,000 | 8,791,000 | 10,053,000 | 9,998,000 | 19,828,000 | 24,819,000 | 25,789,000 | 25,886,000 | 27,137,000 | 23,607,000 | 24,149,000 | 24,219,000 | 24,004,000 | 22,545,000 | 21,290,000 | 21,618,000 | 21,667,000 | 21,857,000 | |||||||||||||||||||||||||||||||||||||||
current maturities of operating leases | 74,640,000 | 79,281,000 | 83,332,000 | 85,214,000 | 78,585,000 | 78,620,000 | 77,858,000 | 76,421,000 | 76,344,000 | 77,200,000 | 79,158,000 | 80,792,000 | 82,574,000 | 83,428,000 | 82,454,000 | 81,881,000 | 78,655,000 | 83,224,000 | 89,434,000 | 90,481,000 | |||||||||||||||||||||||||||||||||||||
long-term debt | 2,068,129,000 | 1,612,235,000 | 1,537,152,000 | 1,534,877,000 | 1,552,693,000 | 1,566,382,000 | 1,583,889,000 | 1,574,660,000 | 1,598,553,000 | 1,671,092,000 | 1,704,298,000 | 1,851,672,000 | 1,887,541,000 | 1,863,999,000 | 1,034,805,000 | 1,035,971,000 | 792,766,000 | 547,254,000 | 883,000 | ||||||||||||||||||||||||||||||||||||||
other liabilities and deferred credits: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent finance lease obligations | 54,012,000 | 56,269,000 | 60,116,000 | 62,768,000 | 65,393,000 | 69,895,000 | 75,221,000 | 80,476,000 | 85,679,000 | 95,173,000 | 100,995,000 | 106,940,000 | 112,932,000 | 115,447,000 | 120,618,000 | 126,159,000 | 131,631,000 | 141,861,000 | |||||||||||||||||||||||||||||||||||||||
noncurrent operating leases | 267,103,000 | 283,836,000 | 303,119,000 | 311,647,000 | 315,654,000 | 328,370,000 | 347,726,000 | 366,137,000 | 385,463,000 | 404,378,000 | 423,293,000 | 442,093,000 | 461,822,000 | 482,140,000 | 503,376,000 | 524,172,000 | 476,401,000 | 514,685,000 | 469,543,000 | 480,979,000 | |||||||||||||||||||||||||||||||||||||
accumulated pension and other post-retirement benefit obligations | 144,011,000 | 142,367,000 | 143,058,000 | 142,291,000 | 141,508,000 | 152,894,000 | 154,302,000 | 155,457,000 | 211,100,000 | 211,976,000 | 212,853,000 | 223,907,000 | 200,411,000 | 181,599,000 | 180,232,000 | 169,484,000 | 218,426,000 | 234,206,000 | |||||||||||||||||||||||||||||||||||||||
other liabilities and deferred credits | 83,705,000 | 78,499,000 | 77,154,000 | 71,967,000 | 57,961,000 | 74,588,000 | 94,654,000 | 78,574,000 | 76,603,000 | 77,450,000 | 78,340,000 | 81,545,000 | 83,022,000 | 79,688,000 | 78,908,000 | 78,849,000 | 80,350,000 | 97,434,000 | 100,847,000 | 107,497,000 | 280,199,000 | 257,911,000 | 95,636,000 | 172,792,000 | 171,232,000 | 100,405,000 | 96,358,000 | 84,285,000 | 81,372,000 | 72,650,000 | 70,129,000 | 57,045,000 | 42,400,000 | 42,907,000 | 35,424,000 | 30,841,000 | 30,978,000 | 31,704,000 | 33,029,000 | 55,475,000 | 47,790,000 | 48,560,000 | 52,121,000 | 52,031,000 | 67,543,000 | 62,821,000 | 62,566,000 | 61,812,000 | 61,491,000 | 61,345,000 | 60,253,000 | 59,195,000 | 65,740,000 | 63,274,000 | 60,637,000 | 26,198,000 | |
noncurrent frequent flyer deferred revenue | 296,336,000 | 304,099,000 | 308,502,000 | 320,657,000 | 306,046,000 | 325,407,000 | 318,369,000 | 307,443,000 | 304,798,000 | 305,575,000 | 296,484,000 | 216,184,000 | 212,326,000 | 207,610,000 | 201,239,000 | 186,618,000 | 179,740,000 | 175,218,000 | 172,343,000 | 170,149,000 | |||||||||||||||||||||||||||||||||||||
deferred tax liability | 53,024,000 | 52,492,000 | 65,914,000 | 88,868,000 | 100,308,000 | 102,131,000 | 130,400,000 | 135,119,000 | 134,571,000 | 147,404,000 | 186,797,000 | 204,042,000 | 199,455,000 | 200,824,000 | 216,642,000 | 241,618,000 | 271,786,000 | 289,564,000 | 170,110,000 | 170,305,000 | 188,895,000 | 135,164,000 | 174,344,000 | 218,843,000 | 167,056,000 | 141,249,000 | 140,627,000 | 117,376,000 | 81,241,000 | 41,629,000 | 78,513,000 | 36,088,000 | |||||||||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special preferred stock, 0.01 par value per share... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value per share... | 520,000 | 518,000 | 518,000 | 516,000 | 516,000 | 515,000 | 514,000 | 514,000 | 514,000 | 513,000 | 512,000 | 512,000 | 512,000 | 511,000 | 481,000 | 460,000 | 460,000 | 461,000 | 475,000 | 482,000 | 500,000 | 507,000 | 512,000 | 525,000 | 536,000 | 535,000 | 536,000 | 533,000 | 548,000 | 545,000 | 540,000 | 532,000 | 521,000 | 519,000 | 513,000 | 513,000 | 511,000 | 528,000 | 528,000 | 525,000 | 519,000 | 516,000 | 516,000 | 516,000 | 516,000 | ||||||||||||
capital in excess of par value | 296,077,000 | 294,599,000 | 293,797,000 | 292,335,000 | 289,828,000 | 287,524,000 | 287,161,000 | 273,713,000 | 271,909,000 | 270,028,000 | 269,575,000 | 267,865,000 | 265,654,000 | 261,423,000 | 188,593,000 | 144,884,000 | 143,374,000 | 135,651,000 | 130,243,000 | 128,891,000 | 127,621,000 | 125,871,000 | 126,743,000 | 73,776,000 | 121,155,000 | 125,574,000 | 119,562,000 | 116,083,000 | 154,534,000 | 251,432,000 | 277,328,000 | 272,370,000 | 267,355,000 | 266,499,000 | 263,772,000 | 262,592,000 | 261,922,000 | 259,672,000 | 258,947,000 | 257,876,000 | 241,435,000 | 241,538,000 | 239,374,000 | 238,412,000 | 237,613,000 | 236,077,000 | 215,498,000 | 214,111,000 | 212,631,000 | 212,103,000 | 211,599,000 | 210,892,000 | 209,424,000 | 208,072,000 | 213,486,000 | 60,077,000 | 59,935,000 |
accumulated loss | -324,897,000 | -257,303,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -77,192,000 | -78,035,000 | -79,152,000 | -95,537,000 | -96,691,000 | -97,218,000 | -95,166,000 | -117,660,000 | -118,124,000 | -106,476,000 | -81,838,000 | -114,144,000 | -114,434,000 | -114,851,000 | -114,527,000 | -116,299,000 | -103,170,000 | -103,883,000 | -93,087,000 | -90,879,000 | -67,411,000 | -72,511,000 | -75,264,000 | -81,567,000 | -109,036,000 | -111,747,000 | -106,046,000 | -122,280,000 | -121,552,000 | -122,812,000 | -44,078,000 | ||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 4,242,757,000 | 3,790,913,000 | 3,923,260,000 | 4,059,850,000 | 4,127,458,000 | 4,211,118,000 | 4,365,014,000 | 4,488,162,000 | 4,969,274,000 | 5,216,136,000 | 4,972,899,000 | 4,097,136,000 | 3,996,495,000 | 3,768,183,000 | 3,754,114,000 | 3,270,955,000 | 3,232,861,000 | 2,822,693,000 | 2,842,159,000 | 2,561,337,000 | 2,570,015,000 | 2,625,791,000 | 2,615,916,000 | 2,615,236,000 | 2,372,576,000 | 2,135,391,000 | 1,945,655,000 | 1,853,000,000 | 1,859,679,000 | 1,669,083,000 | 1,371,518,000 | 1,381,277,000 | 1,206,763,000 | 1,057,238,000 | 1,057,974,000 | 1,004,412,000 | 981,630,000 | 973,710,000 | 943,194,000 | 953,106,000 | 839,279,000 | 877,818,000 | 870,998,000 | 839,902,000 | 819,953,000 | 751,355,000 | 785,994,000 | ||||||||||
property and equipment, less accumulated depreciation and amortization of 1,160,495 and 1,150,529 as of march 31, 2024 and december 31, 2023, respectively | 2,104,442,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment | 2,013,616,000 | 1,874,352,000 | 1,957,623,000 | 2,085,030,000 | 2,316,772,000 | 45,685,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 1,135,000 | 14,019,000 | 28,443,000 | 29,449,000 | 29,672,000 | 29,542,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated pension and other postretirement benefit obligations | 140,742,000 | 135,775,000 | 160,817,000 | 217,737,000 | 203,596,000 | 220,788,000 | 355,074,000 | 373,572,000 | 378,473,000 | 409,047,000 | 406,804,000 | 407,864,000 | 268,703,000 | 265,815,000 | 356,185,000 | 354,939,000 | 318,633,000 | 327,260,000 | 324,103,000 | 212,025,000 | 215,927,000 | 215,514,000 | 213,904,000 | 224,199,000 | 229,169,000 | 232,946,000 | 228,777,000 | 97,500,000 | 97,308,000 | 92,210,000 | 130,515,000 | 126,463,000 | 127,004,000 | 127,280,000 | 196,591,000 | 198,381,000 | 198,103,000 | 112,208,000 | |||||||||||||||||||
commitments and contingent liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated income | -119,738,000 | -18,556,000 | 30,164,000 | 42,499,000 | 140,756,000 | 190,916,000 | 221,254,000 | 258,028,000 | 380,837,000 | 473,411,000 | 458,742,000 | 464,919,000 | 525,610,000 | 688,170,000 | 785,269,000 | 1,049,567,000 | 969,059,000 | 936,566,000 | 922,491,000 | 866,180,000 | 913,951,000 | 848,057,000 | 693,058,000 | 551,750,000 | 472,180,000 | 382,814,000 | 312,785,000 | 238,068,000 | 226,969,000 | 164,067,000 | 111,459,000 | 100,143,000 | 120,696,000 | 75,213,000 | 71,309,000 | 53,861,000 | 28,244,000 | 78,286,000 | |||||||||||||||||||
total liabilities and shareholders' equity | 3,733,525,000 | 4,139,623,000 | 4,631,120,000 | 3,978,030,000 | 4,126,624,000 | 2,859,831,000 | 2,602,528,000 | 732,935,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 1,143,934 and 1,135,262 as of september 30, 2023 and december 31, 2022, respectively | 1,969,556,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 1,201,101 and 1,135,262 as of june 30, 2023 and december 31, 2022, respectively | 1,966,777,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 1,167,795 and 1,135,262 as of march 31, 2023 and december 31, 2022, respectively | 1,937,797,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 1,102,152 and 999,966 as of september 30, 2022 and december 31, 2021, respectively | 1,887,671,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 1,067,908 and 999,966 as of june 30, 2022 and december 31, 2021, respectively | 1,905,715,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 1,033,614 and 999,966 as of march 31, 2022 and december 31, 2021, respectively | 1,931,596,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 990,444 and 894,519 as of september 30, 2021 and december 31, 2020, respectively | 1,983,040,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 963,989 and 894,519 as of june 30, 2021 and december 31, 2020, respectively | 2,001,829,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 928,892 and 894,519 as of march 31, 2021 and december 31, 2020, respectively | 2,063,134,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,663,000 | 106,662,000 | 106,663,000 | 108,387,000 | 109,156,000 | 105,667,000 | 103,748,000 | 93,629,000 | 93,629,000 | 93,629,000 | 104,231,000 | 105,380,000 | 107,032,000 | |||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 858,926 and 762,544 as of september 30, 2020 and december 31, 2019, respectively | 2,121,218,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 823,757 and 762,544 as of june 30, 2020 and december 31, 2019, respectively | 2,267,826,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 697,166 and 663,461 as of june 30, 2019 and december 31, 2018, respectively | 2,156,582,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, less accumulated amortization of 18,032 and 18,939 as of june 30, 2019 and december 31, 2018, respectively | 13,668,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current maturities of long-term debt and finance lease obligations | 50,029,000 | 93,483,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt and finance lease obligations | 515,254,000 | 519,105,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 678,428 and 663,461 as of march 31, 2019 and december 31, 2018, respectively | 2,109,857,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, less accumulated amortization of 19,199 and 18,939 as of march 31, 2019 and december 31, 2018, respectively | 13,889,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 631,180 and 558,548 as of september 30, 2018 and december 31, 2017, respectively | 2,116,204,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, less accumulated amortization of 22,340 and 21,561 as of september 30, 2018 and december 31, 2017, respectively | 14,408,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
air traffic liability | 653,113,000 | 712,069,000 | 545,362,000 | 573,373,000 | 606,396,000 | 557,851,000 | 527,509,000 | 481,830,000 | 544,947,000 | 424,336,000 | 487,525,000 | 504,731,000 | 522,469,000 | 472,008,000 | 385,811,000 | 420,336,000 | 396,078,000 | 319,815,000 | 339,008,000 | 319,329,000 | 275,755,000 | 252,988,000 | 224,339,000 | 237,875,000 | 250,086,000 | 267,685,000 | 299,756,000 | 239,140,000 | 242,709,000 | 253,260,000 | 222,182,000 | 180,539,000 | 207,806,000 | 225,766,000 | 212,593,000 | 113,110,000 | 109,974,000 | ||||||||||||||||||||
current maturities of long-term debt and capital lease obligations | 105,451,000 | 113,526,000 | 58,585,000 | 58,359,000 | 58,352,000 | 70,183,000 | 113,303,000 | 105,522,000 | 56,478,000 | 55,576,000 | 45,577,000 | 32,506,000 | 31,933,000 | 16,036,000 | 99,621,000 | 113,912,000 | 47,401,000 | 46,653,000 | 27,395,000 | 25,593,000 | 24,408,000 | 32,166,000 | 23,659,000 | 23,409,000 | 23,164,000 | 22,992,000 | 14,848,000 | 14,828,000 | 14,785,000 | ||||||||||||||||||||||||||||
long-term debt and capital lease obligations | 612,583,000 | 578,453,000 | 511,201,000 | 447,533,000 | 477,169,000 | 527,625,000 | 612,596,000 | 818,608,000 | 848,217,000 | 786,501,000 | 124,362,000 | 129,254,000 | 212,247,000 | 219,107,000 | 225,548,000 | 204,322,000 | 210,131,000 | 221,641,000 | 227,269,000 | 232,838,000 | 238,381,000 | 123,819,000 | 136,342,000 | 158,637,000 | |||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 611,642 and 558,548 as of june 30, 2018 and december 31, 2017, respectively | 2,086,955,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, less accumulated amortization of 22,080 and 21,561 as of june 30, 2018 and december 31, 2017, respectively | 14,668,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
flight equipment | 1,848,061,000 | 1,741,444,000 | 237,685,000 | 17,720,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
pre-delivery deposits on flight equipment | 150,652,000 | 97,685,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other property and equipment | 402,098,000 | 201,871,000 | 52,096,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
less accumulated depreciation and amortization | -558,548,000 | -367,507,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
current maturities of long-term debt, less discount, and capital lease obligations | 59,470,000 | 95,805,000 | 98,394,000 | 156,349,000 | 171,054,000 | 153,346,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 533,964 and 454,231 as of september 30, 2017 and december 31, 2016, respectively | 1,753,946,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, less accumulated amortization of 21,301 and 20,337 as of september 30, 2017 and december 31, 2016, respectively | 15,447,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 480,614 and 454,231 as of march 31, 2017 and december 31, 2016, respectively | 1,679,150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, less accumulated amortization of 20,672 and 20,337 as of march 31, 2017 and december 31, 2016, respectively | 16,076,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 477,615 and 432,510 as of june 30, 2016 and december 31, 2015, respectively | 1,574,824,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, less accumulated amortization of 29,684 and 28,400 as of june 30, 2016 and december 31, 2015, respectively | 17,876,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 451,385 and 432,510 as of march 31, 2016 and december 31, 2015, respectively | 1,563,613,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, less accumulated amortization of 29,060 and 28,400 as of march 31, 2016 and december 31, 2015, respectively | 18,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax assets | 22,102,000 | 22,657,000 | 21,943,000 | 17,325,000 | 17,325,000 | 20,277,000 | 17,675,000 | 17,506,000 | 15,336,000 | 15,336,000 | 17,135,000 | 18,449,000 | 18,449,000 | 20,917,000 | 22,488,000 | 20,610,000 | 17,788,000 | 18,076,000 | 17,609,000 | 11,062,000 | 10,992,000 | 10,160,000 | |||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 415,194 and 367,507 as of september 30, 2015 and december 31, 2014, respectively | 1,617,933,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, less accumulated amortization of 36,414 and 34,434 as of september 30, 2015 and december 31, 2014, respectively | 19,320,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 392,992 and 367,507 as of june 30, 2015 and december 31, 2014, respectively | 1,607,933,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, less accumulated amortization of 35,754 and 34,434 as of june 30, 2015 and december 31, 2014, respectively | 19,980,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury stock | -17,621,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt, less discount, and capital lease obligations | 893,288,000 | 885,486,000 | 653,631,000 | 542,642,000 | 617,761,000 | 631,268,000 | 494,102,000 | 369,586,000 | 377,106,000 | 180,163,000 | |||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 344,727 and 327,102 as of september 30, 2014 and december 31, 2013, respectively | 1,630,978,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, less accumulated amortization of 33,774 and 175,730 as of september 30, 2014 and december 31, 2013, respectively | 21,960,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 326,013 and 327,102 as of march 31, 2014 and december 31, 2013, respectively | 1,484,453,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, less accumulated amortization of 32,454 and 175,730 as of march 31, 2014 and december 31, 2013, respectively | 23,280,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents and restricted cash | 483,209,000 | 443,221,000 | 438,485,000 | 451,557,000 | 381,249,000 | 322,092,000 | 308,723,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 287,229 and 249,495 as of june 30, 2013 and december 31, 2012, respectively | 1,206,353,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 174,410 and 173,090 as of june 30, 2013 and december 31, 2012, respectively | 25,260,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 268,227 as of march 31, 2013 and 249,495 as of december 31, 2012 | 1,076,396,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 173,750 as of march 31, 2013 and 173,090 as of december 31, 2012 | 25,920,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 230,675 as of september 30, 2012 and 181,599 as of december 31, 2011 | 1,009,712,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 169,746 as of september 30, 2012 and 154,302 as of december 31, 2011 | 29,924,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 213,472 as of june 30, 2012 and 181,599 as of december 31, 2011 | 987,027,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 165,090 as of june 30, 2012 and 154,302 as of december 31, 2011 | 34,580,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 196,333 as of march 31, 2012 and 181,599 as of december 31, 2011 | 839,135,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 160,018 as of march 31, 2012 and 154,302 as of december 31, 2011 | 39,652,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 169,047 as of september 30, 2011 and 147,588 as of december 31, 2010 | 634,986,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 148,465 as of september 30, 2011 and 130,951 as of december 31, 2010 | 51,206,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 157,433 as of june 30, 2011 and 147,588 as of december 31, 2010 | 618,276,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 142,659 as of june 30, 2011 and 130,951 as of december 31, 2010 | 57,012,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash, restricted cash and short-term investments | 328,916,000 | 350,886,000 | 342,350,000 | 332,755,000 | 314,506,000 | 282,640,000 | 259,551,000 | 246,956,000 | 142,174,000 | 215,255,000 | 201,980,000 | 170,517,000 | |||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 157,828 as of march 31, 2011 and 147,588 as of december 31, 2010 | 443,098,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 136,813 as of march 31, 2011 and 130,951 as of december 31, 2010 | 62,858,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 128,120 as of june 30, 2010 and 108,548 as of december 31, 2009 | 352,752,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term investments | 24,941,000 | 29,218,000 | 29,555,000 | 29,832,000 | 30,246,000 | 34,100,000 | 35,450,000 | 41,475,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 119,204 as of june 30, 2010 and 107,464 as of december 31, 2009 | 80,467,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 118,182 and 108,548 as of march 31, 2010 and december 31, 2009 | 339,447,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 113,327 and 107,464 as of march 31, 2010 and december 31, 2009 | 86,343,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 99,991 and 73,908 as of september 30, 2009 and december 31, 2008 | 310,644,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 101,602 and 84,013 as of september 30, 2009 and december 31, 2008 | 98,069,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 90,939 and 73,908 as of june 30, 2009 and december 31, 2008 | 309,209,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 95,739 and 84,013 as of june 30, 2009 and december 31, 2008 | 103,932,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 82,274 and 73,908 as of march 31, 2009 and december 31, 2008 | 308,644,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 89,876 and 84,013 as of march 31, 2009 and december 31, 2008 | 109,795,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 65,288 and 44,290 as of september 30, 2008 and december 31, 2007, respectively | 286,270,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 78,150 and 60,562 as of september 30, 2008 and december 31, 2007, respectively | 121,520,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt and capital lease obligations. | 207,257,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special preferred stock, three shares outstanding as of september 30, 2008 and december 31, 2007 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 515,000 | 476,000 | 473,000 | 472,000 | 472,000 | 466,000 | 466,000 | 466,000 | 466,000 | 459,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funded status of pension and postretirement benefits | 94,013,000 | 94,822,000 | 95,279,000 | 58,465,000 | 55,923,000 | 56,333,000 | 56,743,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on hedge instruments and short-term investments | 2,270,000 | 256,000 | 821,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 57,779 and 44,290 as of june 30, 2008 and december 31, 2007, respectively | 275,892,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 72,287 and 60,562 as of june 30, 2008 and december 31, 2007, respectively | 127,383,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special preferred stock, three shares outstanding as of june 30, 2008 and december 31, 2007 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 51,734 and 44,290 as of march 31, 2008 and december 31, 2007, respectively | 276,923,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 66,425 and 60,562 as of march 31, 2008 and december 31, 2007, respectively | 133,246,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special preferred stock, three shares outstanding as of march 31, 2008 and december 31, 2007 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
36,623 and 17,167 as of september 30, 2007 and december 31, 2006, respectively | 275,492,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 54,699 and 37,110 as of september 30, 2007 and december 31, 2006, respectively | 144,972,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax liabilities | 20,610,000 | 17,788,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
special preferred stock, three shares outstanding as of september 30, 2007 and december 31, 2006 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 29,748 and 17,167 as of june 30, 2007 and december 31, 2006, respectively | 278,446,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 48,836 and 37,110 as of june 30, 2007 and december 31, 2006, respectively | 150,834,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special preferred stock, three shares outstanding as of june 30, 2007 and december 31, 2006 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 22,932 and 17,167 as of march 31, 2007 and december 31, 2006, respectively | 276,953,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 42,974 and 37,110 as of march 31, 2007 and december 31, 2006, respectively | 156,697,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 18,076,000 | 17,609,000 | 11,062,000 | 10,992,000 | 10,160,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
special preferred stock, three shares outstanding as of march 31, 2007 and december 31, 2006 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short term investments | 47,630,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash, restricted cash and short term investments | 168,201,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 37,110 and 13,936 as of december 31, 2006 and 2005, respectively | 162,560,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, three shares issued and outstanding at december 31, 2006 and 2005 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on hedge instruments | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 13,532 and 5,751 as of september 30, 2006 and december 31, 2005, respectively | 105,682,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 31,815 and 13,936 as of september 30, 2006 and december 31, 2005, respectively | 173,327,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special preferred stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income on hedge instruments | 260,000 | 1,574,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 10,728 and 5,751 as of june 30, 2006 and december 31, 2005, respectively | 91,235,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 25,845 and 13,936 as of june 30, 2006 and december 31, 2005, respectively | 179,296,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special preferred stock, three shares outstanding as of june 30, 2006 and december 31, 2005 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 8,153 and 5,751 as of march 31, 2006 and december 31, 2005, respectively | 85,237,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets, net of accumulated amortization of 19,906 and 13,936 as of march 31, 2006 and december 31, 2005, respectively | 185,235,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special preferred stock, three shares outstanding as of march 31, 2006 and december 31, 2005 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current assets | 119,606,000 | 140,884,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, less accumulated depreciation and amortization of 29,877 and 28,068 in 2003 and 2002, respectively | 46,447,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reorganization value in excess of amounts allocable to identifiable assets | 28,320,000 | 28,320,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ deficit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other accrued liabilties | 42,415,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 2,153,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of capital lease obligations | 1,096,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current liabilities | 179,847,000 | 254,685,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capital lease obligations | 2,358,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated pensions and other postretirement benefit obligations | 113,816,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total noncurrent liabilities | 140,014,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities not subject to compromise | 319,861,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities subject to compromise | 76,045,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ deficit: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common and special preferred stock | 285,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes receivable from common stock sales | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minimum pension liability adjustment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on hedge instruments | 171,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ deficit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ deficit | 236,257,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -15,464,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation | 1,669,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization | 144,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net periodic postretirement benefit cost | 642,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of equipment | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in restricted cash | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in accounts receivable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in inventories | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in prepaid expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accounts payable | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in air traffic liability | 3,136,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accrued liabilities | 518,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 2,737,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reorganization items | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additions to property and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
progress payments on flight equipment | 1,089,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net proceeds from disposition of equipment | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term borrowings | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of long-term debt | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayment of capital lease obligations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents - beginning of period | 71,908,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents - end of period | 30,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ground equipment, buildings and leasehold improvements | 54,944,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated depreciation and amortization | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other assets | 69,597,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ deficiency | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities and long-term deposits | 28,642,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other liabilities and deferred credits | 140,850,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ deficiency: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock - .01 par value... | 284,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special preferred stock - .01 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss - | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on hedge instruments | 1,889,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ deficiency | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ deficiency | 256,166,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-09-30 | 2017-03-31 | 2014-03-31 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-06-30 | 2010-03-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2003-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net cash from operating activities | -27,122,000 | 254,000 | -162,068,000 | -109,590,000 | -6,629,000 | 118,291,000 | -33,702,000 | -55,715,000 | 9,511,000 | 22,154,000 | -59,962,000 | -105,977,000 | 295,268,000 | 122,009,000 | -137,226,000 | -176,940,000 | -43,429,000 | 46,887,000 | 28,245,000 | 145,683,000 | 160,532,000 | 150,680,000 | 70,319,000 | 208,949,000 | 89,455,000 | 95,582,000 | 72,541,000 | 39,650,000 | 90,280,000 | 119,464,000 | 19,346,000 | 35,764,000 | 57,508,000 | 30,882,000 | 45,058,000 | 37,467,000 | 23,275,000 | 50,909,000 | 27,094,000 | 104,036,000 | 10,315,000 | 24,836,000 | 36,268,000 | 32,396,000 | |
capital expenditures | -129,962,000 | -127,018,000 | 0 | -43,798,000 | -63,139,000 | -106,215,000 | 0 | -13,196,000 | -7,455,000 | -9,066,000 | 0 | -16,258,000 | -7,469,000 | -10,417,000 | 0 | -7,819,000 | -47,111,000 | -46,845,000 | 0 | -128,711,000 | -77,316,000 | -74,261,000 | -127,986,000 | -53,130,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
free cash flows | -157,084,000 | -126,764,000 | -162,068,000 | -153,388,000 | -69,768,000 | 12,076,000 | -33,702,000 | -68,911,000 | 2,056,000 | 13,088,000 | -59,962,000 | -122,235,000 | 287,799,000 | 111,592,000 | -137,226,000 | -184,759,000 | -90,540,000 | 42,000 | 28,245,000 | 16,972,000 | 83,216,000 | 76,419,000 | -57,667,000 | 155,819,000 | 89,455,000 | 95,582,000 | 72,541,000 | 39,650,000 | 90,280,000 | 119,464,000 | 19,346,000 | 35,764,000 | 57,508,000 | 30,882,000 | 45,058,000 | 37,467,000 | 23,275,000 | 50,909,000 | 27,094,000 | 104,036,000 | 10,315,000 | 24,836,000 | 36,268,000 | 32,396,000 | |
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||||||||
additions to property and equipment, including pre-delivery payments | -129,962,000 | -127,018,000 | -43,798,000 | -63,139,000 | -106,215,000 | -13,196,000 | -7,455,000 | -9,066,000 | -16,258,000 | -7,469,000 | -10,417,000 | -7,819,000 | -47,111,000 | -46,845,000 | -128,711,000 | -77,316,000 | -74,261,000 | -127,986,000 | -53,130,000 | ||||||||||||||||||||||||||
proceeds from the disposition of aircraft and aircraft related equipment | 25,000 | 105,000 | 48,000 | 10,300,000 | 9,563,000 | 1,081,000 | |||||||||||||||||||||||||||||||||||||||
purchases of investments | -216,289,000 | -15,824,000 | -7,109,000 | -118,591,000 | -105,231,000 | -96,806,000 | -108,324,000 | -176,318,000 | -312,030,000 | -263,161,000 | -326,742,000 | -667,292,000 | -206,735,000 | -655,266,000 | 13,162,000 | -344,740,000 | -16,082,000 | -48,133,000 | -47,063,000 | -75,776,000 | -118,475,000 | -71,454,000 | -49,556,000 | -68,155,000 | |||||||||||||||||||||
proceeds from sales and maturities of investments | 138,052,000 | 109,485,000 | 177,601,000 | 131,243,000 | 144,069,000 | ||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -208,174,000 | -33,252,000 | 214,210,000 | 15,260,000 | -26,827,000 | -49,389,000 | -1,100,000 | -67,257,000 | 16,658,000 | 36,677,000 | 27,762,000 | -364,301,000 | -52,054,000 | -547,709,000 | 83,491,000 | -167,769,000 | 268,000 | -14,760,000 | -129,448,000 | -158,034,000 | -105,801,000 | -11,924,000 | 2,194,000 | -42,984,000 | 23,632,000 | ||||||||||||||||||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||||||||
long-term borrowings | 532,500,000 | 131,400,000 | 0 | 0 | 31,446,000 | 1,220,259,000 | 0 | 318,300,000 | 48,964,000 | 235,000,000 | 0 | 0 | 147,750,000 | 0 | 67,000,000 | 66,000,000 | 0 | ||||||||||||||||||||||||||||
repayments of long-term debt and finance lease obligations | -9,498,000 | -18,760,000 | -7,971,000 | -22,539,000 | -11,189,000 | -24,953,000 | -11,008,000 | -24,279,000 | -82,315,000 | -66,704,000 | -206,022,000 | -63,552,000 | -13,895,000 | -328,256,000 | -14,138,000 | -25,557,000 | -13,809,000 | -25,320,000 | -13,772,000 | -17,885,000 | -53,117,000 | -24,354,000 | |||||||||||||||||||||||
debt issuance costs and discounts | -8,079,000 | -1,849,000 | 0 | -112,000 | |||||||||||||||||||||||||||||||||||||||||
payment for taxes withheld for stock compensation | -29,000 | -201,000 | -21,000 | -47,000 | -1,066,000 | -253,000 | -99,000 | -1,490,000 | -51,000 | -147,000 | -1,565,000 | ||||||||||||||||||||||||||||||||||
net cash from financing activities | 514,894,000 | 110,590,000 | -9,540,000 | -22,560,000 | -11,236,000 | -26,019,000 | -11,058,000 | -26,768,000 | -82,414,000 | -68,194,000 | -206,391,000 | -63,603,000 | 17,404,000 | 935,743,000 | 26,372,000 | 289,191,000 | 35,072,000 | 195,426,000 | -37,903,000 | 183,209,000 | -78,527,000 | -42,233,000 | -61,263,000 | -29,167,000 | 135,459,000 | -13,922,000 | 54,560,000 | 55,288,000 | -7,813,000 | 56,530,000 | 15,938,000 | -6,610,000 | 2,209,000 | ||||||||||||
net increase in cash and cash equivalents | 279,598,000 | 77,592,000 | 42,883,000 | -45,860,000 | -149,740,000 | -56,245,000 | -9,363,000 | -238,591,000 | -533,881,000 | 260,618,000 | 510,043,000 | -27,363,000 | -55,518,000 | -8,089,000 | 227,553,000 | -139,106,000 | 170,858,000 | -23,796,000 | 96,523,000 | 11,250,000 | 136,798,000 | 39,367,000 | 32,341,000 | -13,072,000 | 70,537,000 | 71,905,000 | -16,651,000 | -20,194,000 | 38,654,000 | 50,928,000 | -9,202,000 | 42,562,000 | 28,685,000 | 86,351,000 | 2,239,000 | 5,897,000 | -12,487,000 | 50,153,000 | |||||||
cash, cash equivalents, and restricted cash - beginning of period | 0 | 170,523,000 | 0 | 0 | 246,620,000 | 0 | 0 | 507,828,000 | 0 | 0 | 509,639,000 | 0 | 0 | 373,056,000 | 0 | 0 | 268,577,000 | 0 | 330,991,000 | ||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash - end of period | 279,598,000 | 248,115,000 | -116,890,000 | -44,692,000 | 289,503,000 | -149,740,000 | -56,245,000 | 498,465,000 | -533,881,000 | 260,618,000 | 1,019,682,000 | -55,518,000 | -8,089,000 | 600,609,000 | 170,858,000 | -23,796,000 | 365,100,000 | 11,250,000 | 467,789,000 | ||||||||||||||||||||||||||
non-cash transactions: | |||||||||||||||||||||||||||||||||||||||||||||
right-of-use assets acquired under operating leases | -788,000 | 1,688,000 | 19,616,000 | ||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||
net income | -15,464,000 | ||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization of property and equipment | |||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | |||||||||||||||||||||||||||||||||||||||||||||
impairment of assets | |||||||||||||||||||||||||||||||||||||||||||||
stock compensation | |||||||||||||||||||||||||||||||||||||||||||||
loss on contract termination | |||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | |||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discounts and issuance costs | |||||||||||||||||||||||||||||||||||||||||||||
employer contributions to pension and other postretirement plans | |||||||||||||||||||||||||||||||||||||||||||||
pension and postretirement benefit cost | |||||||||||||||||||||||||||||||||||||||||||||
change in unrealized (gain) loss on fuel derivative contracts | |||||||||||||||||||||||||||||||||||||||||||||
change in unrealized (gain) loss on investments | |||||||||||||||||||||||||||||||||||||||||||||
foreign currency debt remeasurement gain | |||||||||||||||||||||||||||||||||||||||||||||
other | 5,438,000 | 0 | 0 | 1,837,000 | 8,839,000 | 0 | 0 | -6,275,000 | -112,000 | -7,295,000 | 2,737,000 | ||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | |||||||||||||||||||||||||||||||||||||||||||||
income taxes receivable | |||||||||||||||||||||||||||||||||||||||||||||
spare parts and supplies | |||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | |||||||||||||||||||||||||||||||||||||||||||||
accounts payable | |||||||||||||||||||||||||||||||||||||||||||||
air traffic liability | |||||||||||||||||||||||||||||||||||||||||||||
other accrued liabilities | |||||||||||||||||||||||||||||||||||||||||||||
frequent flyer deferred revenue | |||||||||||||||||||||||||||||||||||||||||||||
other assets and liabilities | |||||||||||||||||||||||||||||||||||||||||||||
additions to property and equipment, including pre-delivery deposits | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposition of equipment | |||||||||||||||||||||||||||||||||||||||||||||
sales of investments | 123,600,000 | 121,176,000 | 327,605,000 | 307,780,000 | 359,263,000 | 318,972,000 | 162,150,000 | 117,857,000 | 73,867,000 | 70,790,000 | 63,461,000 | 80,218,000 | 34,198,000 | 41,758,000 | 88,420,000 | 137,286,000 | 63,580,000 | 78,301,000 | 4,561,000 | 21,000 | 521,000 | 6,427,000 | |||||||||||||||||||||||
proceeds from the issuance of common stock | 0 | 0 | 0 | 68,132,000 | |||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | 42,602,000 | -116,890,000 | |||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash—beginning of year | |||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash—end of year | |||||||||||||||||||||||||||||||||||||||||||||
goodwill impairment | |||||||||||||||||||||||||||||||||||||||||||||
special termination benefits and curtailment loss | |||||||||||||||||||||||||||||||||||||||||||||
change in unrealized loss on investments | |||||||||||||||||||||||||||||||||||||||||||||
foreign currency debt remeasurement (gain) loss | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from purchase assignment and sale leaseback transactions | |||||||||||||||||||||||||||||||||||||||||||||
dividend payments | 0 | 0 | 0 | -5,514,000 | -5,568,000 | -5,652,000 | -5,743,000 | -5,811,000 | -6,089,000 | ||||||||||||||||||||||||||||||||||||
repurchases of common stock | 0 | 0 | 0 | -7,510,000 | -18,079,000 | -20,000,000 | -19,604,000 | -11,086,000 | -31,149,000 | ||||||||||||||||||||||||||||||||||||
proceeds from the disposition of aircraft related equipment | 1,124,000 | 277,000 | 0 | 117,000 | 4,695,000 | 1,570,000 | 2,780,000 | ||||||||||||||||||||||||||||||||||||||
amortization of intangible assets | |||||||||||||||||||||||||||||||||||||||||||||
change in unrealized gain on fuel derivative contracts | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from the purchase assignment and sale leaseback | |||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | 0 | -24,664,000 | -461,000 | -1,129,000 | -219,000 | ||||||||||||||||||||||||||||||||||||||||
loss on termination of lease | |||||||||||||||||||||||||||||||||||||||||||||
foreign currency debt remeasurement loss | |||||||||||||||||||||||||||||||||||||||||||||
debt and equity issuance costs | |||||||||||||||||||||||||||||||||||||||||||||
partial settlement and curtailment loss | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from purchase assignment and leaseback transactions | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale and sale leaseback of aircraft and aircraft related equipment | |||||||||||||||||||||||||||||||||||||||||||||
repayments of long-term debt and capital lease obligations | -23,694,000 | -21,872,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from disposition of property and equipment | |||||||||||||||||||||||||||||||||||||||||||||
post retirement payments | |||||||||||||||||||||||||||||||||||||||||||||
net proceeds from disposition of equipment | 350,000 | 1,000 | |||||||||||||||||||||||||||||||||||||||||||
repurchases and conversion of convertible notes | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from settlement of convertible note call options | |||||||||||||||||||||||||||||||||||||||||||||
payment for settlement of convertible note warrants | |||||||||||||||||||||||||||||||||||||||||||||
repurchases and redemptions of convertible notes | |||||||||||||||||||||||||||||||||||||||||||||
excess tax benefit from equity awards | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents - beginning of period | 423,384,000 | 0 | 405,880,000 | 0 | 0 | 304,115,000 | 0 | 0 | 285,037,000 | 0 | 300,738,000 | 0 | 0 | 203,872,000 | 0 | 0 | 94,096,000 | 0 | 0 | 66,852,000 | 71,908,000 | ||||||||||||||||||||||||
cash and cash equivalents - end of period | 334,991,000 | 39,367,000 | 438,221,000 | -13,072,000 | 70,537,000 | 376,020,000 | -16,651,000 | -20,194,000 | 323,691,000 | 43,999,000 | 232,236,000 | 50,928,000 | -9,202,000 | 246,434,000 | 28,685,000 | 86,351,000 | 96,335,000 | 5,897,000 | -12,487,000 | 117,005,000 | 30,600,000 | ||||||||||||||||||||||||
repurchases of convertible notes | |||||||||||||||||||||||||||||||||||||||||||||
restricted cash | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of stock options | 2,449,000 | 31,000 | 1,411,000 | 281,000 | 1,000 | 981,000 | 0 | 7,000 | 160,000 | 170,000 | 61,000 | 20,000 | 1,495,000 | 705,000 | 106,000 | ||||||||||||||||||||||||||||||
change in restricted cash | 621,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—beginning of year | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—end of year | |||||||||||||||||||||||||||||||||||||||||||||
purchase of call options and sale of common stock warrants | |||||||||||||||||||||||||||||||||||||||||||||
issuance of convertible notes | 0 | 0 | 86,250,000 | ||||||||||||||||||||||||||||||||||||||||||
issuance costs | |||||||||||||||||||||||||||||||||||||||||||||
treasury stock repurchase | |||||||||||||||||||||||||||||||||||||||||||||
purchases of short-term investments | |||||||||||||||||||||||||||||||||||||||||||||
sales of short-term investments | 30,601,000 | 8,307,000 | 15,787,000 | ||||||||||||||||||||||||||||||||||||||||||
forward sale of miles | 0 | ||||||||||||||||||||||||||||||||||||||||||||
repayments of short and long-term debt and capital lease obligations | |||||||||||||||||||||||||||||||||||||||||||||
additions to property and equipment | |||||||||||||||||||||||||||||||||||||||||||||
progress payments on flight equipment | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term borrowings | 0 | 0 | 8,000,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from warrant conversions | |||||||||||||||||||||||||||||||||||||||||||||
tax benefit from exercise of stock options | |||||||||||||||||||||||||||||||||||||||||||||
repayments of long and short-term debt and capital lease obligations | |||||||||||||||||||||||||||||||||||||||||||||
net proceeds from disposition of property and equipment | 0 | 55,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from long-term borrowings | |||||||||||||||||||||||||||||||||||||||||||||
deposit into noncurrent escrow account | |||||||||||||||||||||||||||||||||||||||||||||
net sales (purchases) of short-term investments | 33,913,000 | ||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities before reorganization activities: | |||||||||||||||||||||||||||||||||||||||||||||
losses due to redemption, prepayment, extinguishment and modification of long-term debt | |||||||||||||||||||||||||||||||||||||||||||||
acquisition of hawaiian airlines, inc | |||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | |||||||||||||||||||||||||||||||||||||||||||||
tax benefit from stock option exercise | |||||||||||||||||||||||||||||||||||||||||||||
repurchase of subordinated convertible notes and warrants | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—beginning of period | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents—end of period | |||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities before reorganization activities | |||||||||||||||||||||||||||||||||||||||||||||
net cash from reorganization activities | |||||||||||||||||||||||||||||||||||||||||||||
depreciation | 1,669,000 | ||||||||||||||||||||||||||||||||||||||||||||
amortization | 144,000 | ||||||||||||||||||||||||||||||||||||||||||||
net periodic postretirement benefit cost | 642,000 | ||||||||||||||||||||||||||||||||||||||||||||
gain on disposition of equipment | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in restricted cash | |||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in accounts receivable | |||||||||||||||||||||||||||||||||||||||||||||
increase in inventories | |||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in prepaid expenses | |||||||||||||||||||||||||||||||||||||||||||||
decrease in accounts payable | |||||||||||||||||||||||||||||||||||||||||||||
increase in air traffic liability | 3,136,000 | ||||||||||||||||||||||||||||||||||||||||||||
increase in accrued liabilities | 518,000 | ||||||||||||||||||||||||||||||||||||||||||||
reorganization items | |||||||||||||||||||||||||||||||||||||||||||||
repayment of long-term debt | |||||||||||||||||||||||||||||||||||||||||||||
repayment of capital lease obligations | |||||||||||||||||||||||||||||||||||||||||||||
restructuring charges | |||||||||||||||||||||||||||||||||||||||||||||
loss on assets held for sale | |||||||||||||||||||||||||||||||||||||||||||||
loss on disposition of equipment | |||||||||||||||||||||||||||||||||||||||||||||
advance on sale of frequent flyer miles | |||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in inventories | |||||||||||||||||||||||||||||||||||||||||||||
increase in prepaid expenses and other | |||||||||||||||||||||||||||||||||||||||||||||
decrease in deferred taxes | |||||||||||||||||||||||||||||||||||||||||||||
increase in accounts payable | |||||||||||||||||||||||||||||||||||||||||||||
increase in air traffic libability | |||||||||||||||||||||||||||||||||||||||||||||
increase in other accrued liabilities | |||||||||||||||||||||||||||||||||||||||||||||
repurchase of warrants | |||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock | |||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | |||||||||||||||||||||||||||||||||||||||||||||
proceeds on notes receivable from common stock sales | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents - beginning of year | |||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents - end of year |