Spirit Airlines, Inc
(NYSE:SAVE)

Spirit Airlines, Inc. provides airline services. It serves 78 destinations in 16 countries in the United States, Latin America, and the Caribbean. As of December 31, 2020, the company had a fleet of 157 Airbus single-aisle aircraft comprising 31 A319ceos, 64 A320ceos, 32 A320neos, and 30 A321ceos. I...

Website: http://www.spirit.com

Founded: 1983

Full Time Employees: 8,938

Sector: Industrials

Industry: Airlines

Transportation Airlines

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Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	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	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30

operating revenues:
passenger	788,390,000	937,126,000	1,000,806,000	252,959,000	1,147,234,000	1,171,405,000	1,253,803,000	1,239,310,000	1,296,715,000	1,233,912,000	1,410,061,000	1,327,473,000	1,369,671,000	1,322,079,000	1,347,871,000	949,744,000	971,728,000	907,232,000	846,507,000	450,335,000	488,422,000	392,744,000	130,817,000	753,550,000	951,757,000	973,353,000	994,430,000	838,065,000	846,568,000	887,956,000	836,350,000	689,141,000	338,143,000	356,207,000	371,922,000	299,762,000	300,590,000	331,004,000	296,401,000	272,626,000	267,487,000	319,812,000	308,573,000	273,466,000	271,569,000	317,038,000	302,487,000	253,878,000	246,503,000	279,499,000	241,119,000	218,897,000	188,721,000	202,181,000	211,812,000	180,078,000	169,270,000	186,682,000	180,418,000
other	17,601,000	21,398,000	19,027,000	4,086,000	22,657,000	25,699,000	27,086,000	26,227,000	25,045,000	24,631,000	22,411,000	22,301,000	21,639,000	21,100,000	18,772,000	17,571,000	15,828,000	15,399,000	12,802,000	10,944,000	10,068,000	9,178,000	7,712,000	17,531,000	18,059,000	18,615,000	18,526,000	17,731,000	16,227,000	16,374,000	15,421,000	14,997,000
total operating revenues	805,991,000	958,524,000	1,019,833,000	257,045,000	1,169,891,000	1,197,104,000	1,280,889,000	1,265,537,000	1,321,760,000	1,258,543,000	1,432,472,000	1,349,774,000	1,391,310,000	1,343,179,000	1,366,643,000	967,315,000	987,556,000	922,631,000	859,309,000	461,279,000	498,490,000	401,922,000	138,529,000	771,081,000	969,816,000	991,968,000	1,012,956,000	855,796,000	862,795,000	904,330,000	851,771,000	704,138,000	667,007,000	687,231,000	701,682,000	591,746,000	578,351,000	621,329,000	584,133,000	538,143,000	519,846,000	574,841,000	553,421,000	493,355,000	474,487,000	519,769,000	499,337,000	437,987,000	419,984,000	456,625,000	407,339,000
operating expenses:
salaries, wages and benefits	321,693,000	367,356,000	367,361,000	76,212,000	412,097,000	427,125,000	418,378,000	431,483,000	415,736,000	404,177,000	407,705,000	389,185,000	324,744,000	311,957,000	308,634,000	305,890,000	285,161,000	277,372,000	257,236,000	245,692,000	227,405,000	228,370,000	213,579,000	240,480,000	220,674,000	224,069,000	216,375,000	203,901,000	191,740,000	185,043,000	187,756,000	155,096,000	136,815,000	134,114,000	129,892,000	127,138,000	122,941,000	120,190,000	112,930,000	116,410,000	97,035,000	95,081,000	97,037,000	89,057,000	81,212,000	79,087,000	77,440,000	76,249,000	69,392,000	66,805,000	64,456,000	61,497,000	58,363,000	54,413,000	53,489,000	52,654,000	48,228,000	45,148,000	45,173,000
aircraft fuel	204,436,000	253,308,000	260,486,000	60,797,000	292,157,000	373,399,000	407,296,000	406,351,000	487,181,000	455,241,000	391,032,000	487,711,000	494,255,000	508,496,000	558,633,000	368,585,000	296,572,000	259,618,000	214,825,000	142,930,000	103,597,000	94,285,000	19,910,000	213,208,000	244,989,000	253,847,000	265,006,000	229,636,000	229,680,000	258,818,000	246,180,000	204,646,000	175,205,000	158,300,000	142,294,000	139,782,000	126,535,000	121,844,000	113,192,000	85,982,000	105,215,000	115,899,000	127,907,000	112,426,000	138,002,000	171,584,000	154,852,000	148,471,000	139,843,000	144,986,000	135,251,000	131,666,000	120,789,000	122,016,000	120,233,000	108,725,000	94,827,000	104,985,000	107,322,000
aircraft rent	102,691,000	154,064,000	140,693,000	30,884,000	152,853,000	148,511,000	125,339,000	115,206,000	106,478,000	97,393,000	92,101,000	85,267,000	72,420,000	75,332,000	68,632,000	66,044,000	61,305,000	65,873,000	64,641,000	54,782,000	52,578,000	49,379,000	49,256,000	45,146,000	50,279,000	40,026,000	46,522,000	45,782,000	43,023,000	42,682,000	41,745,000	50,191,000	42,820,000	53,396,000	52,566,000	57,070,000	50,242,000	49,367,000	49,864,000	52,202,000	52,091,000	53,525,000	53,127,000	52,788,000	51,209,000	50,009,000	48,222,000	46,387,000	44,616,000	42,134,000	41,915,000	41,072,000	37,103,000	37,536,000	36,060,000	32,873,000	30,476,000	29,220,000	29,081,000
landing fees and other rents	77,182,000	104,900,000	101,457,000	20,944,000	98,182,000	130,044,000	116,064,000	106,718,000	96,905,000	107,525,000	106,487,000	97,345,000	77,137,000	95,174,000	92,021,000	82,936,000	84,691,000	77,703,000	81,497,000	72,108,000	67,033,000	76,526,000	40,348,000	67,121,000	62,773,000	69,142,000	64,711,000	59,649,000	51,903,000	54,542,000	58,602,000	49,630,000	46,117,000	48,498,000	45,592,000	40,448,000	37,583,000	39,345,000	39,944,000	34,807,000	32,590,000	34,577,000	33,364,000	30,546,000	27,533,000	27,735,000	25,831,000	24,016,000	22,096,000	22,106,000	21,346,000	18,056,000	17,128,000	19,060,000	17,066,000	15,114,000	14,166,000	13,966,000	13,007,000
depreciation and amortization	57,729,000	58,032,000	62,886,000	11,597,000	75,413,000	84,028,000	84,486,000	81,346,000	79,537,000	82,802,000	80,542,000	77,991,000	82,246,000	78,184,000	76,469,000	76,191,000	74,936,000	74,260,000	73,703,000	74,312,000	72,133,000	71,351,000	69,113,000	65,991,000	61,913,000	57,712,000	54,913,000	50,726,000	47,963,000	43,773,000	45,618,000	39,373,000	36,472,000	36,840,000	35,331,000	31,509,000	27,766,000	25,304,000	24,957,000	23,109,000	22,278,000	19,628,000	17,139,000	14,863,000	13,168,000	11,338,000	11,344,000	11,121,000	9,544,000	8,475,000	7,604,000	6,324,000	5,244,000	3,815,000	3,327,000	2,870,000	2,464,000	2,059,000	1,691,000
maintenance, materials and repairs	44,794,000	54,849,000	48,747,000	11,209,000	53,002,000	57,368,000	52,453,000	54,915,000	55,635,000	56,465,000	56,825,000	54,414,000	51,772,000	45,126,000	45,407,000	45,515,000	48,777,000	41,183,000	39,639,000	29,903,000	29,711,000	28,213,000	19,227,000	34,076,000	41,131,000	36,152,000	34,688,000	31,604,000	29,937,000	37,778,000	31,653,000	29,710,000	28,966,000	26,176,000	28,985,000	26,312,000	26,577,000	30,443,000	20,627,000	20,940,000	18,544,000	21,473,000	21,271,000	19,160,000	17,515,000	19,622,000	19,205,000	17,614,000	16,253,000	16,908,000	15,202,000	11,780,000	12,206,000	14,211,000	13,558,000	10,414,000	8,575,000	11,440,000	7,480,000
distribution	30,107,000	45,833,000	47,139,000	10,432,000	50,411,000	55,687,000	45,923,000	45,176,000	45,850,000	46,323,000	50,701,000	48,017,000	46,097,000	47,385,000	48,724,000	35,351,000	37,509,000	36,085,000	35,263,000	23,642,000	22,082,000	17,882,000	11,352,000	33,743,000	38,289,000	39,160,000	40,602,000	35,719,000	33,505,000	37,868,000	34,997,000	30,631,000	27,745,000	29,469,000	29,908,000	26,498,000	23,437,000	25,565,000	24,692,000	22,933,000	20,656,000	23,074,000	22,349,000	20,497,000	15,893,000	20,202,000	20,159,000	18,569,000	16,607,000	17,916,000	17,277,000	15,681,000	13,109,000	14,620,000	14,738,000	14,201,000	12,203,000	14,177,000	13,037,000
special charges	-30,000,000			-4,000	1,000	151,000	-381,000	36,258,000	23,204,000	12,378,000	19,972,000	13,983,000	348,246,000	38,359,000	18,004,000	15,563,000													265,000	-686,000	174,000	89,168,000		7,853,000		4,776,000	5,580,000	7,355,000	8,052,000	16,202,000		-76,000	324,000	425,000		18,000	17,000	9,000	-314,000	442,000	23,000	23,000	-105,000	-8,288,000	15,000	-72,000
loss on disposal of assets	4,945,000	-113,713,000	-309,000	-19,000	287,756,000	3,191,000	-14,047,000	-3,029,000	28,314,000	-2,250,000	802,000	7,100,000	15,062,000	9,374,000	10,636,000	11,552,000	1,482,000	532,000	189,000	1,117,000					477,000	13,410,000	1,550,000	1,913,000	3,019,000	1,069,000	4,644,000	848,000	1,054,000	516,000	1,493,000	1,105,000	3,021,000	423,000	529,000	214,000	304,000	290,000	415,000	595,000	1,350,000	793,000	715,000	150,000	99,000	165,000	91,000	170,000	474,000		33,000	449,000	216,000	4,000	35,000
other operating	152,930,000	168,810,000	175,496,000	36,950,000	197,109,000	214,039,000	197,890,000	198,450,000	197,733,000	187,249,000	206,094,000	201,156,000	185,060,000	170,182,000	184,813,000	171,156,000	158,673,000	161,785,000	114,107,000	96,261,000	84,144,000	83,695,000	58,039,000	129,308,000	123,950,000	133,769,000	124,651,000	109,062,000	95,695,000	98,318,000	91,881,000	93,642,000	79,267,000	87,965,000	102,885,000	77,703,000	69,358,000	66,277,000	67,511,000	64,045,000	50,796,000	54,151,000	58,173,000	43,747,000	38,630,000	39,190,000	36,408,000	35,448,000	33,787,000	38,884,000	37,416,000	34,499,000	32,024,000	35,253,000	32,657,000	27,023,000	23,936,000	23,141,000	21,826,000
total operating expenses	966,507,000	1,093,439,000	1,203,956,000	259,002,000	1,618,981,000	1,493,543,000	1,433,401,000	1,472,874,000	1,536,573,000	1,447,303,000	1,412,261,000	1,462,169,000	1,697,039,000	1,379,569,000	1,411,973,000	1,178,783,000	1,049,106,000	908,636,000	766,098,000	563,809,000	658,405,000	501,393,000	328,913,000	829,073,000	845,192,000	867,287,000	849,018,000	767,992,000	726,730,000	759,205,000	743,250,000	742,935,000	574,461,000	583,127,000	568,946,000	532,341,000	493,040,000	486,113,000	462,298,000	436,844,000	399,509,000	417,622,000	431,106,000	384,104,000	384,512,000	419,578,000	394,193,000	378,034,000	351,923,000	358,821,000	340,581,000	320,768,000	296,335,000	292,636,000	291,176,000	264,251,000	235,896,000	244,158,000	240,932,000
operating income	-160,516,000	-134,915,000	-184,123,000	-1,957,000	-449,090,000	-296,439,000	-152,512,000	-207,337,000	-214,813,000	-188,760,000	20,211,000	-112,395,000	-305,729,000	-36,390,000	-45,330,000	-211,468,000	-61,550,000	13,995,000	93,211,000	-102,530,000	-159,915,000	-99,471,000	-190,384,000	-57,992,000	124,624,000	124,681,000	163,938,000	87,804,000	136,065,000	145,125,000	108,521,000	-38,797,000	92,546,000	104,104,000	132,736,000	59,405,000	85,311,000	135,216,000	121,835,000	101,299,000	120,337,000	157,219,000	122,315,000	109,251,000	89,975,000	100,191,000	105,144,000	59,953,000	68,061,000	97,804,000	66,758,000	49,669,000	31,933,000	49,681,000	55,132,000	37,244,000	38,023,000	44,556,000	34,959,000
yoy	-64.26%	-54.49%	20.73%	-99.06%	109.06%	57.05%	-854.60%	84.47%	-29.74%	418.71%	-144.59%	-46.85%	396.72%	-360.02%	-148.63%	106.25%	-61.51%	-114.07%	-148.96%	76.80%	-228.32%	-179.78%	-216.13%	-166.05%	-8.41%	-14.09%	51.07%	-326.32%	47.02%	39.40%	-18.24%	-165.31%	8.48%	-23.01%	8.95%	-41.36%	-29.11%	-14.00%	-0.39%	-7.28%	33.74%	56.92%	16.33%	82.23%	32.20%	2.44%	57.50%	20.71%	113.14%	96.86%	21.09%	33.36%	-16.02%	11.50%	57.70%
qoq	18.98%	-26.73%	9308.43%	-99.56%	51.49%	94.37%	-26.44%	-3.48%	13.80%	-1033.95%	-117.98%	-63.24%	740.15%	-19.72%	-78.56%	243.57%	-539.80%	-84.99%	-190.91%	-35.88%	60.77%	-47.75%	228.29%	-146.53%	-0.05%	-23.95%	86.71%	-35.47%	-6.24%	33.73%	-379.71%	-141.92%	-11.10%	-21.57%	123.44%	-30.37%	-36.91%	10.98%	20.27%	-15.82%	-23.46%	28.54%	11.96%	21.42%	-10.20%	-4.71%	75.38%	-11.91%	-30.41%	46.51%	34.41%	55.54%	-35.72%	-9.89%	48.03%	-2.05%	-14.66%	27.45%
other expense:
interest expense	42,706,000	46,261,000	62,103,000	9,777,000	55,843,000	54,135,000	54,307,000	54,809,000	47,258,000	41,260,000	28,880,000	51,793,000	48,193,000	23,708,000	30,124,000	37,880,000	35,434,000	35,709,000	39,662,000	44,806,000	49,415,000	33,435,000	27,792,000	23,878,000	25,975,000	25,138,000	25,266,000	24,971,000	23,505,000	21,925,000	20,498,000	17,849,000	16,065,000	15,018,000	13,746,000	12,473,000	12,066,000	11,362,000	10,166,000	8,060,000	7,200,000	5,951,000	4,419,000	2,812,000	1,659,000	878,000	103,000	107,000	74,000	36,000	95,000	9,000	6,000	10,000	794,000	540,000	373,000	444,000	9,678,000
loss on extinguishment of debt		2,728,000			59,000			-14,996,000											331,630,000
capitalized interest	-177,000	-393,000	-557,000	-118,000	-1,222,000	-1,173,000	-5,689,000	-10,003,000	-8,685,000	-8,582,000	-8,445,000	-7,648,000	-5,915,000	-5,964,000	-5,677,000	-5,262,000	-4,958,000	-4,677,000	-4,631,000	-4,732,000	-4,565,000	-4,009,000	-3,757,000	-3,664,000	-3,539,000	-3,400,000	-2,975,000	-2,557,000	-2,636,000	-2,657,000	-2,296,000	-2,252,000	-3,668,000	-3,203,000	-3,342,000	-3,580,000	-3,542,000	-3,067,000	-2,771,000	-3,325,000	-3,161,000	-3,030,000	-2,829,000	-2,533,000	-1,659,000	-878,000	-103,000	-107,000	-74,000	-36,000	-95,000	-9,000	-6,000	-10,000	-794,000	-540,000	-371,000	-444,000	-1,039,000
interest income	-7,250,000	-7,001,000	-7,142,000	-2,003,000	-11,224,000	-11,341,000	-12,169,000	-13,590,000	-11,809,000	-18,442,000	-15,962,000	-15,434,000	-11,413,000	-5,642,000	-2,561,000	-467,000	-324,000	-306,000	-373,000	-4,371,000	-318,000	-454,000	-1,949,000	-3,593,000	-4,851,000	-6,292,000	-7,066,000	-6,924,000	-5,835,000	-4,776,000	-4,430,000	-4,066,000	-2,990,000	-2,605,000	-1,828,000	-1,313,000	-1,041,000	-1,222,000	-1,447,000	-1,566,000	-1,581,000	-233,000	-177,000	-134,000	-101,000	-84,000	-83,000	-68,000	-93,000	-87,000	-105,000	-116,000	-159,000	-171,000	-180,000	-415,000	-319,000	-99,000	-71,000
other expense	99,000	337,000	262,000	50,000	154,000	-23,000	665,000	-66,490,000	2,108,000	649,000	766,000	542,000	3,703,000	402,000	296,000	417,000	125,000	271,000	233,000	-52,000	87,000	77,000	66,000	-19,000	276,000	222,000	144,000	233,000	129,000	302,000	188,000	133,000	145,000	114,000	104,000	3,000	121,000	180,000	157,000	70,000	-267,000	166,000	44,000	72,000	1,048,000	81,000	1,439,000	37,000	31,000	115,000	36,000	101,000	95,000	109,000	84,000	43,000	70,000	42,000	76,000
special charges, non-operating	6,360,250	13,026,000	11,039,000	1,376,000																										1,744,000	79,412,000	9,201,000
reorganization (gain) expense	2,064,743,000	125,983,000
total other expense	2,103,671,000	180,941,000	65,705,000	9,082,000	155,883,000	41,598,000	37,114,000	-50,270,000	13,461,000	14,885,000	5,239,000	29,253,000	34,568,000	12,504,000	22,182,000	32,568,000	30,277,000	30,997,000	366,521,000	35,651,000	44,619,000	29,049,000	22,152,000	16,602,000	17,861,000	15,668,000	15,369,000	15,723,000	15,163,000	16,538,000	93,372,000	20,865,000	9,552,000	9,324,000	8,680,000	7,583,000	7,604,000	7,253,000	6,105,000	3,239,000	2,191,000	2,854,000	1,457,000	217,000	947,000	-3,000	1,356,000	-31,000	-62,000	28,000	-69,000	-15,000	-64,000	-62,000	-96,000	-372,000	-247,000	-57,000	8,644,000
income before income taxes	-2,264,187,000	-315,856,000	-249,828,000	-11,039,000	-604,973,000	-338,037,000	-189,626,000	-157,067,000	-228,274,000	-203,645,000	14,972,000	-141,648,000	-340,297,000	-48,894,000	-67,512,000	-244,036,000	-91,827,000	-17,002,000	-273,310,000	-138,181,000	-204,534,000	-128,520,000	-212,536,000	-74,594,000	106,763,000	109,013,000	148,569,000	72,081,000	120,902,000	128,587,000	15,149,000	-59,662,000	82,994,000	94,780,000	124,056,000	51,822,000	77,707,000	127,963,000	115,730,000	98,060,000	118,146,000	154,365,000	120,858,000	109,034,000	89,028,000	100,194,000	103,788,000	59,984,000	68,123,000	97,776,000	66,827,000	49,684,000	31,997,000	49,743,000	55,228,000	37,616,000	38,270,000	44,613,000	26,315,000
provision for income taxes	-5,761,000	1,620,000	-3,997,000	-103,000	-19,283,000	-29,794,000	3,301,000	-14,432,000	-44,622,000	-46,093,000	17,321,000	-37,737,000	-69,633,000	-12,517,000	-15,106,000	-49,333,000	-4,668,000	-31,776,000	14,553,000	-25,860,000	-47,230,000	-29,380,000	-68,108,000	-46,766,000	25,549,000	25,549,000	34,068,000	16,005,000	28,965,000	31,107,000	3,895,000	-14,740,000	-167,344,000	34,590,000	45,913,000	19,887,000	29,214,000	46,581,000	42,646,000	36,140,000	43,746,000	57,251,000	44,154,000	40,032,000	33,119,000	33,194,000	38,939,000	22,278,000	24,930,000	36,673,000	24,759,000	19,130,000	12,431,000	18,859,000	20,637,000	14,197,000	14,279,000	16,956,000	9,398,000
net income	-2,258,426,000	-317,476,000	-245,831,000	-10,936,000	-585,690,000	-308,243,000	-192,927,000	-142,635,000	-183,652,000	-157,552,000	-2,349,000	-103,911,000	-270,664,000	-36,377,000	-52,406,000	-194,703,000	-87,159,000	14,774,000	-287,863,000	-112,321,000	-157,304,000	-99,140,000	-144,428,000	-27,828,000	81,214,000	83,464,000	114,501,000	56,076,000	91,937,000	97,480,000	11,254,000	-44,922,000	250,338,000	60,190,000	78,143,000	31,935,000	48,493,000	81,382,000	73,084,000	61,920,000	74,400,000	97,114,000	76,704,000	69,002,000	55,909,000	67,000,000	64,849,000	37,706,000	43,193,000	61,103,000	42,068,000	30,554,000	19,566,000	30,884,000	34,591,000	23,419,000	23,991,000	27,657,000	16,917,000
yoy	285.60%	3.00%	27.42%	-92.33%	218.91%	95.65%	8113.15%	37.27%	-32.15%	333.11%	-95.52%	-46.63%	210.54%	-346.22%	-81.79%	73.35%	-44.59%	-114.90%	99.31%	303.63%	-293.69%	-218.78%	-226.14%	-149.63%	-11.66%	-14.38%	917.42%	-224.83%	-63.27%	61.95%	-85.60%	-240.67%	416.24%	-26.04%	6.92%	-48.43%	-34.82%	-16.20%	-4.72%	-10.26%	33.07%	44.95%	18.28%	83.00%	29.44%	9.65%	54.15%	23.41%	120.76%	97.85%	21.62%	30.47%	-18.44%	11.67%	104.47%
qoq	611.37%	29.14%	2147.91%	-98.13%	90.01%	59.77%	35.26%	-22.33%	16.57%	6607.19%	-97.74%	-61.61%	644.05%	-30.59%	-73.08%	123.39%	-689.95%	-105.13%	156.29%	-28.60%	58.67%	-31.36%	419.00%	-134.27%	-2.70%	-27.11%	104.19%	-39.01%	-5.69%	766.18%	-125.05%	-117.94%	315.91%	-22.97%	144.69%	-34.15%	-40.41%	11.35%	18.03%	-16.77%	-23.39%	26.61%	11.16%	23.42%	-16.55%	3.32%	71.99%	-12.70%	-29.31%	45.25%	37.68%	56.16%	-36.65%	-10.72%	47.70%	-2.38%	-13.26%	63.49%
basic earnings per share	-60.34	-7.87	-7.24	-0.56	-5.35	-2.81	-1.76	-1.3	-1.68	-1.44	-0.02	-0.95								-1.15	-1.68	-1.07	-1.81	-0.41	1.19	1.22	1.67	0.82	1.34	1.43	0.16	-0.66	3.63	0.87	1.13	0.46	0.71	1.17	1.03	0.87	1.04	1.35	1.06	0.94	0.77	0.92	0.89	0.52	0.6	0.84	0.58	0.42
diluted earnings per share	-60.34	-7.87	-7.24	-0.56	-5.35	-2.81	-1.76	-1.3	-1.68	-1.44	-0.02	-0.95								-1.15	-1.68	-1.07	-1.81	-0.41	1.18	1.22	1.67	0.82	1.35	1.42	0.16	-0.66	3.61	0.87	1.12	0.46	0.71	1.17	1.03	0.86	1.04	1.35	1.05	0.94	0.77	0.91	0.88	0.51	0.59	0.84	0.58	0.42
basic income per share													-0.653	-0.33			-0.79	0.14
diluted income per share													-0.653	-0.33			-0.79	0.14
basic loss per share															-0.48	-1.79			-2.73
diluted loss per share															-0.48	-1.79			-2.73
special credits																	-94,428,750	-85,775,000	-115,002,000	-176,938,000	-75,054,750	-148,308,000	-151,911,000
non-ticket																																	328,864,000	331,024,000	329,760,000	291,984,000	277,761,000	290,325,000	287,732,000	265,517,000	252,359,000	255,029,000	244,848,000	219,889,000	202,918,000	202,731,000	196,850,000	184,109,000	173,481,000	177,126,000	166,220,000	151,540,000	139,547,000	140,136,000	134,496,000	121,417,000	104,649,000	102,032,000	95,473,000
total operating revenue																																																				370,437,000	328,268,000	342,317,000	346,308,000	301,495,000	273,919,000	288,714,000	275,891,000
net income per share																																																					0.27	0.43	0.48	0.32	0.32	0.38	0.41
expenses:
restructuring and termination costs																																																									594,750	18,000	2,280,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	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	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30

assets
current assets:
cash and cash equivalents	272,959,000	250,494,000	407,511,000	487,535,000	902,057,000	423,547,000	724,794,000	764,788,000	865,211,000	818,323,000	1,110,688,000	1,287,711,000	1,346,350,000	953,428,000	1,197,065,000	1,247,913,000	1,333,507,000	1,533,184,000	1,863,710,000	1,774,471,000	1,789,723,000	1,947,619,000	1,127,460,000	788,225,000	978,957,000	935,678,000	1,110,797,000	1,122,139,000	1,004,733,000	773,710,000	812,362,000	898,457,000	800,849,000	863,680,000	869,153,000	818,110,000	700,900,000	825,904,000	1,014,080,000	902,809,000	803,632,000	748,896,000	769,324,000	741,627,000	632,784,000	588,474,000	567,239,000	543,989,000	530,631,000	540,195,000	524,905,000	483,484,000	416,816,000	399,143,000	414,977,000	420,831,000	343,328,000	350,973,000	248,458,000
restricted cash	591,352,000	396,103,000	152,088,000	270,522,000	168,390,000	170,086,000	120,579,000	133,585,000	119,400,000	119,400,000	119,400,000	119,400,000	119,392,000	95,400,000	95,400,000	95,400,000	95,400,000	55,400,000	62,200,000	64,000,000	71,401,000	54,838,000	30,000,000																																				98,403,000
short-term investment securities				119,575,000	118,334,000	117,104,000	115,290,000	113,854,000	112,501,000	110,933,000	109,494,000	108,357,000	107,115,000	106,255,000	105,920,000	106,013,000	106,313,000	106,383,000	106,375,000	106,376,000	106,339,000	106,324,000	106,298,000	106,208,000	105,321,000	104,792,000	104,228,000	103,491,000	102,789,000	102,201,000	101,714,000	101,254,000	100,937,000	100,732,000	100,464,000	100,294,000	100,155,000
accounts receivable	129,185,000	114,386,000	219,414,000	211,932,000	178,955,000	230,079,000	216,650,000	212,469,000	205,468,000	170,959,000	186,739,000	186,070,000	197,276,000	172,212,000	150,149,000	160,672,000	128,828,000	133,662,000	141,254,000	100,366,000	42,940,000	51,182,000	56,043,000	33,267,000	73,807,000	71,372,000	78,125,000	70,946,000	47,660,000	63,526,000	58,547,000	52,313,000	49,323,000	46,235,000	47,996,000	48,692,000	41,136,000	35,892,000	40,650,000	32,469,000	28,266,000	33,094,000	30,856,000	28,097,000	22,685,000	26,515,000	37,467,000	33,915,000	23,246,000	27,838,000	32,807,000	24,616,000	22,740,000	23,761,000	24,936,000	25,351,000	15,425,000	14,729,000	15,586,000
prepaid expenses and other current assets	249,355,000	306,263,000	253,057,000	242,527,000	278,366,000	276,373,000	247,952,000	263,713,000	209,547,000	228,878,000	210,252,000	180,284,000	187,589,000	173,139,000	163,202,000	166,634,000	129,827,000	133,189,000	132,038,000	121,127,000	124,983,000	121,252,000	126,051,000	109,131,000	103,439,000	136,905,000	102,952,000	90,346,000	83,383,000	83,692,000	79,788,000	81,806,000	83,692,000	67,707,000	57,798,000	53,677,000	46,619,000	48,455,000	48,624,000	54,760,000	48,749,000	126,939,000	62,088,000	76,706,000	66,029,000	73,969,000	68,589,000	83,086,000	78,955,000
assets held for sale	2,973,000	3,119,000	449,149,000	447,558,000	463,020,000
total current assets	1,245,824,000	1,070,365,000	1,481,219,000	1,779,649,000	2,109,122,000	1,217,189,000	1,425,265,000	1,488,409,000	1,512,127,000	1,449,042,000	1,772,834,000	1,918,083,000	1,993,983,000	1,550,553,000	1,761,854,000	1,829,462,000	1,842,491,000	2,027,208,000	2,388,402,000	2,276,093,000	2,355,980,000	2,499,110,000	1,667,960,000	1,231,165,000	1,385,443,000	1,403,282,000	1,520,687,000	1,516,760,000	1,345,466,000	1,206,107,000	1,230,335,000	1,298,841,000	1,280,260,000	1,244,740,000	1,230,504,000	1,146,531,000	975,845,000	1,103,499,000	1,183,779,000	1,069,314,000	1,026,340,000	918,572,000	871,911,000	856,073,000	731,141,000	704,124,000	688,461,000	675,377,000	649,075,000	661,844,000	676,612,000	605,130,000	547,357,000	538,365,000	539,563,000	534,476,000	442,708,000	449,888,000	454,728,000
property and equipment:
flight equipment	1,963,081,000	2,165,717,000	1,893,585,000	1,890,021,000	2,736,461,000	3,788,568,000	3,775,788,000	3,798,197,000	3,961,785,000	4,216,125,000	4,219,907,000	4,216,067,000	4,326,515,000	4,447,877,000	4,424,409,000	4,382,247,000	4,356,523,000	4,288,465,000	4,257,349,000	4,207,088,000	4,177,631,000	4,126,302,000	4,071,980,000	3,965,137,000	3,730,751,000	3,549,087,000	3,514,104,000	3,322,618,000	3,257,215,000	3,023,898,000	2,911,378,000	2,853,431,000	2,291,110,000	2,017,888,000	1,809,747,000	1,608,959,000	1,461,525,000	1,386,310,000	1,225,219,000	1,031,886,000	827,282,000	689,603,000	549,517,000	422,617,000	204,462,000	16,064,000	12,397,000	10,657,000	9,847,000	5,148,000	4,073,000	4,289,000	2,648,000	4,029,000	10,698,000	4,169,000	4,182,000	4,204,000	4,120,000
other property and equipment	452,243,000	444,917,000	447,030,000	443,629,000	784,195,000
less accumulated depreciation	-126,085,000	-89,476,000	-51,434,000	-7,685,000	-1,027,872,000	-1,274,378,000	-1,224,788,000	-1,185,536,000	-1,169,021,000	-1,161,980,000	-1,109,335,000	-1,052,373,000	-1,098,819,000	-1,044,492,000	-989,812,000	-937,386,000	-884,858,000	-832,361,000	-781,431,000	-731,308,000	-680,230,000	-631,685,000	-582,098,000	-537,928,000	-492,447,000	-450,195,000	-367,712,000	-369,405,000	-332,864,000	-296,157,000	-261,314,000	-235,532,000	-207,808,000	-183,065,000	-161,191,000	-140,535,000	-122,509,000	-105,653,000	-90,577,000	-76,703,000	-65,524,000	-55,521,000	-47,219,000	-41,472,000	-36,099,000	-32,345,000	-29,516,000	-27,306,000	-25,221,000	-23,202,000	-21,285,000	-19,595,000	-17,825,000	-31,562,000	-30,127,000	-28,728,000	-27,580,000	-27,327,000	-26,182,000
property and equipment: - sum	2,289,239,000	2,521,158,000	2,289,181,000	2,325,965,000	2,492,784,000	3,299,455,000	3,336,335,000	3,400,292,000	3,519,128,000	3,731,960,000	3,740,500,000	3,738,682,000	3,749,498,000	3,881,137,000	3,858,418,000	3,852,559,000	3,856,593,000	3,827,341,000	3,832,262,000	3,816,830,000	3,831,568,000	3,822,710,000	3,810,408,000	3,733,085,000	3,530,302,000	3,333,632,000	3,362,166,000	3,154,792,000	3,116,012,000	2,906,080,000	2,818,103,000	2,779,297,000	2,238,468,000	1,983,147,000	1,789,510,000	1,604,550,000	1,465,222,000	1,390,108,000	1,238,628,000	1,048,907,000	844,217,000	710,218,000	568,588,000	442,005,000	225,375,000	53,395,000	37,993,000	37,527,000	35,613,000	31,513,000	30,523,000	30,409,000	28,403,000	25,957,000	31,936,000	24,535,000	23,210,000	20,872,000	19,737,000
operating lease right-of-use assets	2,003,535,000	4,646,002,000	4,457,889,000	4,425,872,000	4,583,734,000	4,516,298,000	4,156,810,000	3,859,596,000	3,561,028,000	3,354,082,000	3,058,137,000	2,859,829,000	2,699,574,000	2,332,808,000	2,198,791,000	2,044,306,000	1,950,520,000	1,809,191,000	1,598,137,000	1,461,743,000	1,417,823,000	1,408,106,000	1,430,897,000	1,425,171,000	1,369,555,000	1,059,766,000	1,057,846,000	1,046,262,000
intangible assets	83,482,000	83,482,000	83,482,000	83,482,000
pre-delivery deposits on flight equipment	38,839,000	75,376,000	73,572,000	86,319,000	113,493,000	124,290,000	307,140,000	443,478,000	480,717,000	495,300,000	508,957,000	516,099,000	487,553,000	496,812,000	488,323,000	489,214,000	484,821,000	481,175,000	443,445,000	412,682,000	356,262,000	374,830,000	382,652,000	372,068,000	291,930,000	330,951,000	289,902,000	264,419,000	236,775,000
deferred heavy maintenance	90,723,000	110,568,000	115,451,000	132,889,000	241,094,000	302,600,000	306,746,000	307,276,000	313,505,000	293,299,000	252,682,000	230,014,000	190,349,000	360,034,000	342,335,000	324,282,000	330,062,000	323,922,000	323,105,000	334,508,000	347,907,000	362,596,000	376,745,000	376,765,000	361,603,000	328,109,000	309,555,000	280,118,000	249,010,000	191,632,000	172,799,000	138,942,000	99,915,000	87,566,000	75,858,000	71,870,000	75,534,000	79,878,000	75,172,000	80,144,000	89,127,000	99,571,000	108,051,000	115,584,000	123,108,000	128,304,000	129,021,000	127,774,000	125,288,000	110,514,000	102,332,000	91,371,000
other long-term assets	241,495,000	288,093,000	75,493,000	75,942,000	54,951,000	33,217,000	27,160,000	27,444,000	30,732,000	37,867,000	39,017,000	59,610,000	63,817,000	38,271,000	37,507,000	37,098,000	37,372,000	37,231,000	35,478,000	35,448,000	36,127,000	35,895,000	35,659,000	35,761,000	36,897,000	40,113,000	38,118,000	43,229,000	79,456,000	79,445,000	79,081,000	82,560,000	121,003,000	112,085,000	114,444,000	114,509,000	110,223,000	85,024,000	81,336,000	78,578,000	77,539,000	73,817,000	71,511,000	69,074,000	67,329,000	63,171,000	59,906,000	57,178,000	51,636,000	43,187,000	42,166,000	45,884,000
total assets	5,993,137,000	8,795,044,000	8,576,287,000	8,910,118,000	9,595,178,000	9,493,049,000	9,559,456,000	9,526,495,000	9,417,237,000	9,361,550,000	9,372,127,000	9,322,317,000	9,184,774,000	8,685,495,000	8,715,023,000	8,611,717,000	8,540,025,000	8,537,349,000	8,671,483,000	8,387,735,000	8,398,825,000	8,557,294,000	7,767,944,000	7,235,261,000	7,043,412,000	6,575,214,000	6,662,781,000	6,423,939,000	5,165,457,000	4,781,731,000	4,681,725,000	4,654,431,000	4,143,950,000	3,870,942,000	3,674,345,000	3,438,614,000	3,151,927,000	3,129,625,000	3,030,200,000	2,763,248,000	2,530,545,000	2,276,922,000	2,105,337,000	1,955,856,000	1,602,981,000	1,413,554,000	1,349,850,000	1,299,255,000	1,180,765,000	1,125,139,000	1,107,061,000	1,019,752,000	919,884,000	884,680,000	869,525,000	844,894,000	745,813,000	722,163,000	709,964,000
liabilities and shareholders’ equity
current liabilities:
accounts payable	44,079,000	149,270,000	147,676,000	101,213,000	32,385,000	49,637,000	70,014,000	85,074,000	42,098,000	86,297,000	76,158,000	53,046,000	75,449,000	112,007,000	76,048,000	47,422,000	44,952,000	53,961,000	55,072,000	33,199,000	28,454,000	36,068,000	41,060,000	62,949,000	43,601,000	41,915,000	43,848,000	26,713,000	39,320,000	63,190,000	50,310,000	31,674,000	22,822,000	30,961,000	33,186,000	39,612,000	15,193,000	29,906,000	27,728,000	23,017,000	17,043,000	15,823,000	21,751,000	13,835,000	13,402,000	17,954,000	21,842,000	24,741,000	23,104,000	20,766,000	23,097,000	17,527,000	24,166,000	21,317,000	28,599,000	24,880,000	15,928,000	17,874,000	16,927,000
air traffic liability	337,694,000	373,096,000	407,473,000	454,521,000	436,813,000	459,558,000	496,985,000	475,653,000	383,751,000	429,355,000	479,677,000	566,856,000	429,618,000	495,815,000	561,705,000	558,303,000	382,317,000	447,470,000	608,136,000	509,172,000	401,966,000	429,892,000	452,023,000	411,286,000	315,408,000	361,218,000	402,990,000	403,001,000	291,981,000	323,627,000	357,645,000	357,193,000	246,404,000	276,933,000	312,587,000	308,958,000	206,392,000	238,793,000	283,851,000	263,430,000	216,831,000	237,043,000	270,185,000	259,404,000	188,870,000	216,477,000	232,072,000	230,068,000	167,627,000	180,735,000	205,786,000	175,803,000	131,414,000	136,693,000	145,085,000	155,738,000	112,280,000	123,197,000	139,791,000
current maturities of long-term debt, net, and finance leases	474,813,000	119,226,000	121,190,000	191,572,000	436,532,000	1,253,376,000	142,815,000	156,812,000	315,580,000	235,868,000	235,579,000	261,724,000	346,888,000
current maturities of operating leases		4,201,000	239,633,000	238,685,000	257,796,000	255,942,000	243,528,000	234,062,000	224,865,000	210,994,000	201,337,000	195,039,000	188,296,000	175,614,000	169,195,000	164,814,000	158,631,000	150,319,000	144,571,000	135,260,000	133,791,000	130,793,000	128,536,000	125,713,000	120,662,000	117,376,000	114,877,000	128,138,000
other current liabilities	427,139,000	364,383,000	537,556,000	591,357,000	605,839,000	521,690,000	557,806,000	577,433,000	705,298,000	638,286,000	693,211,000	675,944,000	556,330,000	531,158,000	578,663,000	546,733,000	480,754,000	443,852,000	496,095,000	473,826,000	393,614,000	326,650,000	247,013,000	296,607,000	373,521,000	337,685,000	379,041,000	395,404,000	339,677,000	287,142,000	346,407,000	378,178,000	262,370,000	249,132,000	244,629,000	231,932,000	226,011,000	217,779,000	217,370,000	228,137,000	182,729,000	176,259,000	207,879,000	190,874,000	152,921,000	160,386,000	146,624,000	161,172,000	145,262,000	129,770,000	151,516,000	149,933,000	121,314,000	109,810,000	117,479,000	117,037,000	98,856,000	97,947,000	100,091,000
total current liabilities	1,283,725,000	1,010,176,000	1,453,528,000	1,577,348,000	1,769,365,000	2,540,203,000	1,511,148,000	1,529,034,000	1,671,592,000	1,600,800,000	1,685,962,000	1,752,609,000	1,596,581,000	1,668,531,000	1,737,132,000	1,611,275,000	1,275,602,000	1,303,901,000	1,601,179,000	1,508,080,000	1,342,022,000	1,296,703,000	1,271,182,000	1,231,486,000	1,112,044,000	1,052,776,000	1,211,163,000	1,126,669,000	834,535,000	824,821,000	900,227,000	1,047,326,000	647,026,000	662,984,000	685,830,000	673,174,000	531,950,000	570,921,000	607,545,000	567,596,000	466,240,000	466,883,000	529,491,000	486,297,000	365,624,000	394,817,000	400,538,000	415,981,000	335,993,000	331,271,000	380,399,000	343,263,000	276,894,000	267,820,000	291,163,000	297,655,000	227,064,000	239,018,000	256,809,000
long-term debt and finance leases, less current maturities	718,888,000				1,761,215,000				3,055,221,000				3,200,376,000				2,975,823,000	2,975,328,000	3,014,958,000	3,048,378,000	3,066,635,000	3,074,900,000	2,333,600,000	1,965,524,000	1,960,453,000	1,968,901,000	2,025,183,000	2,039,619,000
operating leases, less current maturities		18,426,000	4,228,832,000	4,200,013,000	4,335,106,000	4,267,577,000	3,895,269,000	3,593,771,000	3,298,871,000	3,108,399,000	2,793,437,000	2,605,011,000	2,455,619,000	2,104,484,000	1,981,467,000	1,835,306,000	1,751,351,000	1,624,001,000	1,422,139,000	1,290,800,000	1,248,519,000	1,242,843,000	1,269,670,000	1,268,110,000	1,218,014,000	915,977,000	915,288,000	895,056,000
deferred income taxes	59,438,000	65,988,000	64,757,000	69,305,000	51,927,000	71,639,000	96,450,000	92,783,000	107,761,000	160,054,000	205,796,000	189,054,000	226,843,000	297,875,000	310,351,000	325,761,000	375,472,000	380,867,000	412,621,000	398,097,000	439,894,000	486,487,000	517,537,000	505,263,000	469,292,000	446,940,000	399,765,000	366,854,000	355,141,000	332,119,000	295,601,000	292,888,000	313,140,000	406,080,000	372,998,000	327,660,000						9,643,000	9,643,000	9,643,000	9,643,000	15,166,000	15,166,000	14,387,000	16,243,000	14,512,000	16,967,000	12,874,000	12,591,000	14,962,000	17,982,000	18,873,000	20,738,000	30,502,000	41,858,000
deferred gains and other long-term liabilities	39,289,000	94,286,000	107,277,000	108,704,000	122,595,000	123,146,000	122,848,000	133,095,000	149,450,000	132,861,000	134,668,000	141,736,000	133,704,000	116,998,000	116,657,000	116,240,000	47,742,000	54,428,000	39,779,000	49,391,000	52,060,000	52,258,000	32,793,000	30,487,000	22,277,000	10,533,000	16,355,000	18,085,000	22,503,000	20,105,000	20,630,000	23,486,000	19,205,000	17,204,000	18,125,000	17,712,000	19,868,000	20,108,000	19,541,000	20,179,000	20,821,000	21,760,000	18,213,000	27,832,000	22,455,000
liabilities subject to compromise	5,983,485,000	6,691,470,000			1,635,104,000
shareholders’ equity
common stock: common stock, 0.0001 par value...	3,000				11,000				11,000				11,000				11,000				10,000				7,000				7,000				7,000				7,000				7,000				7,000
additional paid-in-capital	740,978,000	738,733,000	736,212,000	734,368,000	1,173,692,000	1,171,856,000	1,169,904,000	1,169,562,000	1,158,278,000	1,155,637,000	1,153,068,000	1,149,588,000	1,146,015,000	1,143,076,000	1,140,254,000	1,135,872,000	1,131,826,000	1,129,263,000	1,126,031,000	750,359,000	799,549,000	796,553,000	636,317,000	383,186,000	379,380,000	379,354,000	377,639,000	374,896,000	371,225,000	368,451,000	365,536,000	363,230,000	360,153,000	557,772,000	555,704,000	553,820,000	551,004,000	549,375,000	547,763,000	545,377,000	544,277,000	542,022,000	539,443,000	536,050,000	526,173,000	523,476,000	520,492,000	518,506,000	515,331,000	513,142,000	508,745,000	506,558,000	504,527,000	500,981,000	499,599,000	497,396,000	496,136,000	496,014,000	496,240,000
treasury stock					-81,285,000	-81,284,000	-81,280,000	-81,271,000	-80,635,000	-79,706,000	-79,672,000	-79,671,000	-77,998,000	-77,446,000	-77,416,000	-77,411,000	-75,639,000	-75,476,000	-75,448,000	-75,431,000	-74,124,000	-74,052,000	-74,009,000	-73,991,000	-72,455,000	-72,372,000	-72,264,000	-72,239,000	-67,016,000	-66,999,000	-66,840,000	-66,813,000	-65,854,000	-219,930,000	-219,909,000	-219,726,000	-218,692,000	-218,572,000	-180,756,000	-126,779,000	-116,182,000	-116,083,000	-83,336,000	-14,864,000	-3,921,000	-3,792,000	-3,513,000	-2,912,000	-2,291,000	-2,257,000	-2,088,000	-1,472,000	-1,151,000	-1,065,000	-985,000	-586,000	-129,000
retained earnings	-2,832,669,000	-574,243,000	-256,767,000	-10,936,000	-1,172,740,000	-587,050,000	-278,807,000	-85,880,000	56,755,000	240,407,000	397,959,000	400,308,000	504,219,000	774,883,000	811,260,000	863,666,000	1,058,369,000	1,145,528,000	1,130,754,000	1,418,617,000	1,524,878,000	1,682,182,000	1,781,322,000	1,925,750,000	1,955,187,000	1,873,973,000	1,790,509,000	1,676,008,000	1,625,481,000	1,533,545,000	1,436,064,000	1,424,810,000	1,484,239,000	1,233,901,000	1,173,711,000	1,095,568,000	1,063,633,000	1,015,140,000	933,758,000	860,674,000	798,754,000	724,354,000	627,240,000	550,536,000	481,534,000	425,624,000	358,625,000	293,776,000	256,070,000	212,877,000	151,774,000	109,706,000	79,152,000	59,586,000	28,702,000
accumulated other comprehensive income			-2,000	-21,000	188,000	216,000	-166,000	-165,000	-67,000	-304,000										-566,000	-618,000	-608,000	-495,000	-561,000	-787,000	-875,000	-864,000	-1,016,000	-1,193,000	-1,222,000	-1,266,000														-718,000
total shareholders’ equity	-2,091,688,000	164,493,000	479,445,000	723,413,000	-80,134,000	503,749,000	809,662,000	1,002,257,000	1,134,342,000	1,316,045,000	1,471,072,000	1,469,846,000	1,571,651,000	1,839,777,000	1,873,215,000	1,921,376,000	2,114,035,000	2,198,824,000	2,180,807,000	2,092,989,000	2,249,695,000	2,404,103,000	2,343,162,000	2,234,391,000	2,261,332,000	2,180,087,000	2,095,027,000	1,977,656,000	1,928,504,000	1,833,782,000	1,733,501,000	1,719,805,000	1,777,081,000	1,570,536,000	1,508,233,000	1,428,346,000	1,394,607,000	1,344,556,000	1,299,317,000	1,277,768,000	1,225,310,000	1,148,673,000	1,082,280,000	1,069,417,000	1,003,075,000	945,315,000	875,611,000	809,377,000	769,117,000	723,769,000	658,438,000	614,799,000	582,535,000	559,509,000	527,323,000	490,928,000	466,706,000	442,722,000	415,291,000
total liabilities and shareholders’ equity	5,993,137,000	8,795,044,000	8,576,287,000	8,910,118,000	9,595,178,000	9,493,049,000	9,559,456,000	9,526,495,000	9,417,237,000	9,361,550,000	9,372,127,000	9,322,317,000	9,184,774,000	8,685,495,000	8,715,023,000	8,611,717,000	8,540,025,000	8,537,349,000	8,671,483,000	8,387,735,000	8,398,825,000	8,557,294,000	7,767,944,000	7,235,261,000	7,043,412,000	6,575,214,000	6,662,781,000	6,423,939,000	5,165,457,000	4,781,731,000	4,681,725,000	4,654,431,000	4,143,950,000	3,870,942,000	3,674,345,000	3,438,614,000	3,151,927,000	3,129,625,000	3,030,200,000	2,763,248,000	2,530,545,000	2,276,922,000	2,105,337,000	1,955,856,000	1,602,981,000	1,413,554,000	1,349,850,000	1,299,255,000	1,180,765,000	1,125,139,000	1,107,061,000	1,019,752,000	919,884,000	884,680,000	869,525,000	844,894,000	745,813,000	722,163,000	709,964,000
long-term debt, net and finance leases, less current maturities		750,205,000	2,242,448,000	2,231,335,000		1,986,735,000	3,124,079,000	3,175,555,000		3,043,391,000	3,081,192,000	3,164,061,000		2,657,830,000	2,696,201,000	2,801,759,000
common stock		3,000	2,000	2,000		11,000	11,000	11,000		11,000	11,000	11,000		11,000	11,000	11,000		11,000	11,000	10,000		28,000	27,000	7,000		7,000	7,000	7,000		7,000	7,000	7,000		7,000	7,000	7,000		7,000	7,000	7,000		7,000	7,000	7,000		7,000	7,000	7,000		7,000	7,000	7,000		7,000	7,000	7,000		7,000	7,000
ground property and equipment						785,265,000	785,335,000	787,631,000	726,364,000	677,815,000	629,928,000	574,988,000	521,802,000	477,752,000	423,821,000	407,698,000	384,928,000	371,237,000	356,344,000	341,050,000	334,167,000	328,093,000	320,526,000	305,876,000	291,998,000	234,740,000	215,774,000	201,579,000	191,661,000	178,339,000	168,039,000	161,398,000	155,166,000	148,324,000	140,954,000	136,126,000	126,206,000	109,451,000
shareholders’ equity:
income tax receivable										549,000	36,261,000	36,261,000	36,261,000	36,363,000	37,890,000	37,890,000	37,890,000	37,890,000	37,714,000	37,472,000	147,460,000	146,961,000	146,961,000	104,226,000	21,013,000	21,693,000				78,506,000	70,672,000	69,844,000	69,844,000
accumulated other comprehensive loss											-294,000	-390,000	-596,000	-747,000	-894,000	-762,000	-532,000	-502,000	-541,000													-1,429,000	-1,464,000	-1,214,000	-1,280,000	-1,323,000	-1,345,000	-1,394,000	-1,455,000	-1,511,000	-1,546,000	-1,627,000	-1,074,000	-2,312,000
aircraft maintenance deposits														13,756,000	12,228,000	14,940,000	10,726,000	27,500,000	45,111,000	72,281,000	73,134,000	70,934,000	75,147,000	90,108,000	102,906,000	132,842,000	124,585,000	129,838,000	106,901,000	104,472,000	107,252,000	95,167,000	175,615,000	166,386,000	155,093,000	125,758,000	87,035,000	87,105,000	77,590,000	79,276,000	73,415,000	199,200,000	217,932,000	212,786,000	213,147,000	194,867,000	185,699,000	171,862,000	161,484,000	145,598,000	143,631,000	137,239,000	122,379,000
long-term aircraft maintenance deposits														25,880,000	27,795,000	34,796,000	38,166,000	31,281,000	50,654,000	50,431,000	53,158,000	54,047,000	63,623,000	61,246,000	67,682,000	79,361,000	84,507,000	118,359,000	138,738,000	144,642,000	141,183,000	149,751,000	150,617,000	138,672,000	146,162,000	170,631,000	199,415,000	198,426,000	201,925,000	196,470,000	206,485,000
current maturities of long-term debt, net and finance leases														353,937,000	351,521,000	294,003,000
current maturities of long-term debt and finance leases																	208,948,000	208,299,000	210,945,000	356,623,000	384,197,000	373,300,000	288,498,000	334,931,000	258,852,000	194,582,000	270,407,000	173,413,000
deferred salaries, wages and benefits																			86,360,000				114,052,000
current maturities of long-term debt and capital leases																													163,557,000	150,862,000	145,865,000	280,281,000
long-term debt and capital leases, less current maturities																													2,024,774,000	1,770,904,000
deposits on flight equipment purchase contracts																														253,825,000	240,224,000	205,040,000	253,687,000	304,732,000	317,867,000	330,523,000	325,688,000	272,690,000	249,360,000	289,835,000	286,837,000	275,544,000	267,344,000	260,334,000	242,881,000	269,693,000	248,770,000	229,537,000	157,669,000	132,483,000	111,797,000	109,719,000	96,692,000	95,862,000	84,291,000	90,777,000	91,450,000	72,811,000	65,266,000
long-term debt, less current maturities																															1,731,766,000	1,570,926,000	1,387,498,000	1,214,138,000	1,089,159,000	991,722,000	897,359,000	894,809,000	836,418,000	655,103,000		500,147,000	398,975,000	302,800,000
current maturities of long-term debt																																	115,430,000	105,958,000	95,428,000	92,672,000	84,354,000	84,443,000	78,596,000	53,012,000	49,637,000	37,758,000	29,676,000	22,184,000	10,431,000
prepaid income taxes																																						6,060,000	2,835,000		72,278,000
long-term deferred income taxes																																					308,143,000	299,231,000	267,379,000	242,602,000	221,481,000	139,459,000	76,378,000	69,510,000	76,010,000	47,443,000	47,443,000	47,469,000	48,916,000	43,932,000	43,554,000	36,031,000	33,216,000	28,311,000	22,191,000	15,612,000
investment securities																																						100,083,000
ground and other equipment																																							103,986,000	93,724,000	82,459,000	76,136,000	66,290,000	60,860,000	57,012,000	69,676,000	55,112,000	54,176,000	50,987,000	49,567,000	47,735,000	45,715,000	43,580,000	53,490,000	51,365,000	49,094,000	46,608,000	43,995,000	41,799,000
long-term debt less current maturities																																									596,693,000				135,817,000
common stock: non-voting common stock: 0.0001 par value...
deferred credits and other long-term liabilities																																														25,979,000	26,258,000	26,428,000	26,739,000	26,167,000	24,670,000	25,659,000	27,239,000	29,040,000	28,848,000	40,699,000	52,043,000	40,423,000	37,864,000
common stock: common stock, .0001 par value...																																																	7,000				6,000				6,000
common stock: non-voting common stock: .0001 par value...																																																					1,000				1,000
other current assets																																																		79,299,000	101,933,000	84,156,000	95,210,000	100,499,000	81,668,000	69,421,000	63,217,000	53,684,000	50,423,000
deferred heavy maintenance and other long-term assets																																																					125,053,000
prepaid aircraft maintenance to lessors																																																						117,506,000	117,560,000	115,617,000	120,615,000	119,790,000	118,842,000
security deposits and other long-term assets																																																						106,990,000	96,175,000	79,489,000	67,830,000	58,802,000	51,391,000
accumulated deficit																																																								-5,889,000	-29,308,000	-53,299,000	-80,956,000
current maturities of long-term debt and obligations, due to related parties
current maturities of long-term debt and obligations, due to non-related parties
due to related parties, less current maturities
mandatorily redeemable preferred stock
common stock: class a common stock, 0.0001 par value...
common stock: class b common stock, 0.0001 par value...

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	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	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30

operating activities:
net income	-2,258,426,000	-317,476,000	-245,831,000	-10,936,000	-585,690,000	-308,243,000	-192,927,000	-142,635,000	-183,652,000	-157,552,000	-2,349,000	-103,911,000								-112,321,000	-157,304,000	-99,140,000	-144,428,000	-27,828,000	81,214,000	83,464,000	114,501,000	56,076,000	91,937,000	97,480,000	11,254,000	-44,922,000	250,338,000	60,190,000	78,143,000	31,935,000	48,493,000	81,382,000	73,084,000	61,920,000	74,400,000	97,114,000	76,704,000	69,002,000	55,909,000	67,000,000	64,849,000	37,706,000
adjustments to reconcile net income to net cash from operations:
losses reclassified from other comprehensive income			0	-2,000	48,000	17,000	19,000	19,000	185,000	41,000	43,000	45,000	48,000	49,000	51,000	51,000	54,000	56,000	58,000	58,000	61,000	63,000	63,000	65,000	95,000	72,000	74,000	74,000	77,000	79,000	80,000	79,000	83,000	85,000	83,000	84,000	87,000	89,000	88,000	90,000
share-based compensation	2,245,000	2,522,000			1,836,000	1,952,000	342,000	3,080,000	2,641,000	2,569,000	3,480,000	3,273,000	2,938,000	2,822,000	1,677,000	4,046,000	2,564,000	3,232,000	2,486,000	4,254,000	2,979,000	2,154,000	2,652,000	3,790,000	26,000	1,715,000	2,742,000	3,671,000
allowance for doubtful accounts	-284,000	-762,000			0	-1,000	-228,000	1,051,000	0	153,000	0	6,000	0	0			-226,000	-32,000	340,000	-170,000	0	-23,000							1,000	0	-5,000	-7,000	0	-2,000	-21,000	-30,000	-133,000	-8,000	196,000	25,000	5,000	-1,000	-23,000	31,000	18,000	-30,000	-20,000	-13,000
amortization of debt issuance costs	312,000	947,000	1,116,000	233,000	2,475,000	3,556,000	3,487,000	3,582,000	3,779,000	3,846,000	3,848,000	3,981,000	3,571,000	3,202,000						3,509,000	3,415,000
amortization of debt fair value adjustment	4,349,000	7,853,000
depreciation and amortization	57,729,000	58,032,000	62,886,000	11,597,000	75,413,000	84,028,000	84,486,000	81,346,000	79,537,000	82,802,000	80,542,000	77,991,000	82,246,000	78,184,000	76,469,000	76,191,000	74,936,000	74,260,000	73,703,000	74,312,000	72,133,000	71,351,000	69,113,000	65,991,000	61,913,000	57,712,000	54,913,000	50,726,000	47,963,000	43,773,000	45,618,000	39,373,000	36,472,000	36,840,000	35,331,000	31,509,000	27,766,000	25,304,000	24,957,000	23,109,000	22,278,000	19,628,000	17,139,000	14,863,000	13,168,000	11,338,000	11,344,000	11,121,000
accretion of convertible debt and 8.00% senior secured notes																					4,240,000
amortization of debt discount	2,376,000	110,000			1,506,000	2,883,000	2,884,000	2,883,000	2,883,000	2,884,000	-1,430,000	3,808,000	3,808,000	3,808,000	3,808,000	2,538,000
deferred income tax expense	-6,550,000	1,231,000													-15,372,000	-49,647,000	-5,383,000	-31,766,000	14,516,000	-26,869,000	-46,587,000	-31,017,000	-4,849,000	36,367,000	24,001,000	47,177,000	32,864,000	11,647,000	25,060,000	38,847,000	2,662,000	-20,266,000	-99,444,000	33,045,000	45,315,000	19,474,000	8,519,000	31,817,000	24,744,000	21,066,000	91,654,000	63,401,000	6,119,000	-5,560,000
loss on disposal of assets	4,945,000	-113,713,000	-309,000	-19,000	287,756,000	3,191,000	-14,047,000	-3,029,000	28,314,000	-2,250,000	802,000	7,100,000	15,062,000	9,374,000	10,636,000	11,552,000	1,482,000	532,000	189,000	1,117,000					477,000	13,410,000	1,550,000	1,913,000	3,019,000	1,069,000	4,644,000	848,000	1,054,000	516,000	1,493,000	1,105,000	3,021,000	423,000	529,000	214,000	304,000	290,000	415,000	595,000	1,350,000	793,000	715,000	150,000
reorganization items	2,146,260,000
changes in operating assets and liabilities:
accounts receivable	-11,749,000	105,790,000	-7,697,000	-10,251,000	47,769,000	-8,967,000	-3,953,000	-8,052,000	-34,509,000	15,627,000	-669,000	11,200,000	-25,064,000	-22,063,000	10,631,000	-31,844,000	5,060,000	7,624,000	-41,228,000	-57,256,000	8,242,000	4,884,000	-22,550,000	39,910,000	-2,435,000	6,753,000	-7,180,000	-23,285,000	15,865,000	-4,979,000	-6,229,000	-2,983,000	-3,088,000	1,762,000	718,000	-7,526,000	-5,111,000	4,822,000	-8,433,000	-4,229,000	4,782,000	-2,237,000	-2,693,000	-5,444,000	3,812,000	10,982,000	-3,532,000	-10,656,000
deposits and other assets	47,188,000	-238,173,000	-8,856,000	4,668,000	-17,441,000	-30,313,000	20,348,000	-49,338,000	27,320,000	-15,766,000	-7,919,000	580,000									-1,906,000
deferred heavy maintenance	-5,336,000	-12,390,000	-1,706,000	-10,639,000	-11,673,000	-25,515,000	-28,114,000	-21,110,000	-40,251,000	-64,019,000	-42,551,000	-56,105,000	-49,973,000	-41,088,000	-40,528,000	-17,698,000	-28,894,000	-23,532,000	-11,191,000	-10,466,000	-9,034,000	-8,890,000	-21,742,000	-35,564,000	-52,658,000	-34,949,000	-44,189,000	-44,161,000	-68,738,000	-27,376,000	-43,555,000	-50,712,000
income tax receivable					4,097,000				549,000				102,000				0	-176,000	-242,000	109,988,000	-499,000	0	-42,735,000	-83,213,000	680,000				78,506,000	-7,834,000
accounts payable	-102,709,000	107,243,000	46,463,000	54,537,000	-16,616,000	-20,909,000	-41,316,000	38,717,000	-43,457,000	9,906,000	36,548,000	-37,048,000	-39,049,000	25,283,000	27,986,000	-5,188,000	-8,481,000	-2,486,000	20,822,000	3,202,000	-7,546,000	-3,029,000	-21,331,000	14,854,000	-314,000	-1,141,000	15,567,000	-13,543,000	-23,454,000	13,358,000	19,186,000	6,227,000	-7,799,000	-2,559,000	-2,549,000	18,937,000	221,000	-10,068,000	-1,679,000	4,703,000	366,000	-5,516,000	7,423,000	433,000	-4,510,000	-4,062,000	-2,919,000	1,457,000
air traffic liability	-35,535,000	-33,742,000	-47,048,000	-64,147,000	-22,745,000	-37,427,000	21,332,000	91,902,000	-45,604,000	-50,322,000	-87,179,000	137,238,000	-66,197,000	-65,890,000	3,402,000	175,986,000	-65,153,000	-160,666,000	98,964,000	107,206,000	-27,926,000	-22,131,000	40,739,000	95,876,000	-45,808,000	-41,772,000	-11,000	111,020,000	-31,646,000	-34,020,000	453,000	93,483,000	-30,529,000	-34,946,000	3,279,000	102,207,000	-33,266,000	-44,847,000	20,058,000	46,473,000	-20,573,000	-33,096,000	10,706,000	79,350,000	-27,601,000	-15,595,000	2,003,000	62,328,000
other liabilities	104,359,000	-99,570,000	-46,422,000	14,516,000	46,138,000	544,000	11,119,000	-121,489,000	69,671,000	-12,540,000	-10,544,000	129,853,000	46,923,000	-82,125,000	23,023,000	80,568,000	25,472,000	-40,562,000	12,151,000	83,042,000	63,026,000	91,372,000	-51,663,000	-75,541,000	-95,233,000	-51,323,000	-24,558,000	30,712,000	50,142,000	-59,913,000	-33,970,000	117,779,000	14,922,000	1,918,000	13,936,000	298,000	8,795,000	13,327,000	-8,027,000	33,296,000	-3,726,000	-21,482,000	9,684,000	29,643,000	-8,405,000	14,317,000	-8,318,000	16,137,000
other	-1,000	0	-691,000	-206,000	-879,000	-1,091,000	-1,163,000	51,000	1,128,000	-862,000	-593,000	-435,000	-242,000	32,000	84,000	194,000	193,000	173,000	207,000	158,000	88,000	-10,000	275,000	-235,000	-129,000	-269,000	-260,000	-164,000	-239,000	-144,000	28,000	-20,000	41,000	100,000	126,000	113,000
net cash from operating activities	-50,827,000	-406,113,000	-239,067,000	-10,592,000	-123,795,000	-364,299,000	-133,018,000	-136,975,000	-182,775,000						67,222,000	19,545,000				186,648,000				34,582,000	50,824,000	17,373,000	135,873,000	205,151,000	197,965,000	57,510,000	79,853,000	171,135,000	38,768,000	62,742,000	149,568,000	174,162,000	33,637,000	79,220,000	102,722,000	258,099,000	106,703,000	69,411,000	129,036,000	167,835,000	54,217,000	62,160,000	53,496,000	90,639,000	21,745,000	39,371,000	49,067,000	85,193,000	24,824,000	-8,613,000	17,746,000	79,674,000	21,710,000	111,586,000
investing activities:
purchase of available-for-sale investment securities	0	0	-19,754,000	-8,242,000	-29,705,000	-37,316,000	-36,048,000	-58,676,000	-32,154,000	-39,863,000	-35,017,000	-20,593,000	-50,983,000	-20,737,000	-12,221,000	-26,749,000	-21,227,000	-28,198,000	-35,244,000	-20,692,000	-23,591,000	-40,310,000	-30,956,000	-24,036,000	-28,853,000	-36,202,000	-30,879,000	-26,476,000	-24,202,000	-26,541,000	-42,834,000	-30,853,000	-10,395,000	-28,392,000	-43,969,000	-24,490,000
proceeds from the maturity and sale of available-for-sale investment securities	0	0	140,016,000	8,170,000	29,250,000	37,000,000	35,750,000	58,350,000	31,800,000	39,360,000	34,410,000	20,000,000	50,500,000	20,500,000	12,000,000	26,500,000	21,000,000	28,000,000	35,000,000	20,500,000	23,400,000	40,070,000	30,595,000	23,600,000
proceeds from sale of property and equipment	0				68,251,000	2,732,000	22,810,000	138,771,000	178,322,000	16,315,000	12,306,000	23,845,000																	1,900,000	0							0	0															0				-5,454,000	67,000
pre-delivery deposit and other payments on flight equipment	0	-1,411,000	-2,117,000	-706,000	-2,823,000
pre-delivery deposit refunds on flight equipment	11,400,000	0			12,935,000	185,835,000
capitalized interest	-263,000	-288,000	-211,000	-51,000	-1,304,000	-2,322,000	-5,123,000	-5,726,000	-5,743,000	-5,254,000	-6,001,000	-4,862,000	-4,860,000	-4,358,000	-4,776,000	-4,172,000	-4,554,000	-3,649,000	-4,713,000	-4,342,000	-3,076,000	-2,868,000	-3,429,000	-2,860,000	-3,067,000	-2,771,000	-2,660,000	-2,276,000	-2,613,000	-1,938,000	-2,678,000	-1,500,000	-4,251,000	-1,679,000	-4,728,000	-1,647,000	-3,802,000	-2,478,000	-1,979,000	-2,575,000	-1,767,000	-3,030,000	-2,829,000	-2,533,000	-1,659,000	-878,000	-103,000	-107,000
assets under construction for others	652,000	4,688,000	3,377,000	829,000	192,000	981,000	361,000	34,000	114,000				0	0			-1,000	-36,000	-373,000	-797,000	-455,000	-1,207,000	-225,000	-2,057,000	-345,000	-5,356,000	-1,973,000	-262,000
purchase of property and equipment	-9,857,000	-11,926,000	-9,927,000	-4,154,000	-19,201,000	-31,203,000	3,787,000	-64,338,000	-44,480,000	-80,104,000	-70,466,000	-60,513,000	-62,833,000	-68,480,000	-58,931,000	-47,340,000	-81,636,000	-44,977,000	-47,717,000	-39,437,000	-47,597,000	-51,145,000	-99,262,000	-195,371,000	-78,041,000	40,306,000	-91,593,000	-63,109,000	-186,385,000	-97,357,000	-86,008,000	-237,221,000	-200,820,000	-158,542,000	-157,254,000	-112,265,000	-93,667,000	-144,280,000	-143,346,000	-159,829,000	-97,001,000	-143,636,000	-123,554,000	-184,609,000	-160,308,000	-18,831,000	-3,344,000	-4,086,000	-2,784,000	-3,212,000	-3,228,000	-10,588,000	-2,060,000	-2,493,000	-9,395,000	-9,823,000	-4,520,000
net cash from investing activities	1,932,000	262,324,000	124,601,000	-4,154,000	57,595,000	153,895,000	153,293,000	98,818,000	149,037,000				-61,038,000	-81,344,000	-65,439,000	-57,619,000	-88,999,000	-84,423,000	-81,517,000	-97,506,000	-41,186,000	-55,460,000	-133,586,000	-323,768,000	-14,773,000	-61,597,000	-134,508,000	-103,951,000	-233,115,000	-139,758,000	-130,185,000	-280,650,000	-233,216,000	-202,934,000	-196,918,000	-158,935,000	-162,496,000	-295,322,000	-155,689,000	-212,762,000	-161,825,000	-160,323,000	-144,137,000	-234,997,000	-160,155,000	-40,777,000	-24,152,000	-77,287,000	-31,744,000	-24,792,000	-7,849,000	-25,715,000	-7,869,000	-14,048,000	2,973,000	-8,379,000	-36,054,000	-9,304,000
financing activities:
proceeds from issuance of long-term debt	0	275,000,000	0	215,000,000	300,000,000	0	0	123,500,000									51,500,000	0	537,658,000	25,338,000	42,000,000	896,245,000	505,165,000	168,981,000	131,185,000	0	35,000,000	59,706,000	313,928,000	77,831,000	213,212,000	227,128,000	223,898,000	150,000,000	140,301,000	115,526,000	38,706,000	78,022,000	226,633,000	73,914,000	120,780,000	120,000,000	111,000,000	185,000,000
proceeds from issuance of common stock and warrants																	0	0			0	163,060,000
proceeds from dip financing
payments on debt obligations	-72,463,000	-21,396,000	-35,854,000	-6,275,000	-33,929,000	-31,885,000	-72,814,000	-46,818,000	-50,470,000	-45,186,000	-112,384,000	-129,435,000	-53,250,000	-43,028,000	-52,417,000	-44,338,000	-53,620,000	-45,616,000	-721,627,000	-135,925,000	-46,257,000	-58,618,000	-106,868,000	-42,561,000	-120,869,000	-40,129,000	-47,884,000	-37,901,000	-44,050,000	-32,576,000
payments for the early extinguishment of debt	0	-18,074,000			-16,672,000	0	0	-124,007,000									0	0
payments on finance lease obligations	-55,000	-55,000	-55,000	-18,000	-55,000	-80,000	-91,000	-86,000	-88,000	-115,000	-114,000	-179,000	-211,000	-210,000	-211,000	-210,000	-216,000	-218,000	-208,000	-189,000	-190,000	-191,000	-174,000	-24,846,000	-939,000	-93,812,000	-1,557,000	-239,000
reimbursement for assets under construction for others	-373,000	-4,688,000	-3,379,000	-1,129,000	-409,000	-764,000	-361,000	-34,000	-114,000				0	0			1,000	36,000	373,000	586,000	656,000	1,175,000	227,000	2,095,000	229,000	3,154,000	1,973,000	262,000
repurchase of common stock					-1,000	-4,000	-9,000	-636,000	-929,000	-34,000	-1,000	-1,673,000	-552,000	-30,000	-5,000	-1,772,000	-163,000	-28,000	-17,000	-1,307,000	-72,000	-43,000	-18,000	-1,536,000	-83,000	-108,000	-25,000	-5,223,000	-17,000	-159,000	-27,000	-959,000	-45,342,000	-21,000	-183,000	-1,034,000	-120,000	-40,112,000	-52,677,000	-9,601,000	-99,000	-32,747,000	-68,472,000	-10,943,000	-129,000	-279,000	-601,000	-621,000	-34,000	-169,000	-616,000	-321,000
debt and equity financing costs	0	0
net cash from financing activities	266,609,000	230,787,000	-83,992,000	207,578,000	543,014,000	-41,336,000	-73,275,000	-48,081,000	80,626,000														584,362,000	98,454,000	7,228,000	-130,895,000	-12,707,000	16,206,000	266,173,000	43,596,000	-35,763,000	207,123,000	131,617,000	134,719,000	98,393,000	101,983,000	3,855,000	27,926,000	164,238,000	53,840,000	109,858,000	70,484,000	42,798,000	176,005,000	150,248,000	-148,000	-6,094,000	6,000	435,000	711,000	203,000	7,190,000	718,000	6,827,000	-26,573,000	6,208,000	6,699,000	233,000
net increase in cash, cash equivalents, and restricted cash	217,714,000	86,998,000	-198,458,000	192,832,000	476,814,000	-251,740,000	-53,000,000	-86,238,000	46,888,000	-292,365,000	-177,023,000	-58,631,000			-50,848,000	-85,594,000	-159,677,000	-337,326,000	87,439,000	-22,653,000	-141,333,000	844,997,000
cash, cash equivalents, and restricted cash at beginning of period	0	0	0	565,225,000	0	0	0	984,611,000	0	0	0	1,465,742,000	0	0	0	1,428,907,000	0	0	0	1,861,124,000
cash, cash equivalents, and restricted cash at end of period	217,714,000	86,998,000	-198,458,000	758,057,000	476,814,000	-251,740,000	-53,000,000	898,373,000	46,888,000	-292,365,000	-177,023,000	1,407,111,000	416,914,000	-243,637,000	-50,848,000	1,343,313,000	-159,677,000	-337,326,000	87,439,000	1,838,471,000	-141,333,000	844,997,000
supplemental disclosures
cash payments for:
interest, net of capitalized interest	29,730,000	39,059,000	16,994,000	4,854,000	50,060,000	42,456,000	43,774,000	39,897,000	36,651,000	32,263,000	37,467,000	31,999,000	27,652,000	25,310,000	28,700,000	25,781,000	29,696,000	26,115,000	39,483,000	40,206,000		18,487,000	19,934,000	17,702,000	20,414,000	18,561,000	22,112,000	19,167,000	29,146,000	19,208,000	8,200,000	8,569,000	15,361,000	5,672,000	12,926,000	3,943,000	13,938,000	4,221,000	18,374,000	3,430,000
income taxes paid	205,000	212,000	1,296,000	116,000	-3,836,000	334,000	7,043,000	7,000	-130,000	-33,921,000	731,000	466,000			579,000	303,000	-3,917,000	104,000	408,000	-109,056,000		972,000	-18,134,000	-1,497,000
cash paid for amounts included in the measurement of lease liabilities:
operating cash flows for operating leases	85,436,000	95,276,000	147,983,000	48,619,000	144,171,000	138,550,000	128,754,000	121,024,000	111,534,000	103,240,000	96,418,000	89,807,000	83,524,000	74,536,000	70,319,000	67,089,000	63,987,000	65,125,000	70,945,000	61,378,000		42,807,000	52,322,000	50,805,000	49,985,000	45,376,000	48,066,000	47,577,000
financing cash flows for finance leases	5,000	5,000	7,000	1,000	8,000	8,000	9,000	8,000	5,000	7,000	8,000	10,000	10,000	13,000	16,000	18,000	21,000	24,000	24,000	24,000		28,000	26,000	113,000	33,000	302,000	310,000	29,000
non-cash transactions:
capital expenditures funded by finance lease borrowings					0	0	0	274,000	0	0	0	145,000					0	0				0			-50,763,000	0	94,879,000	1,492,000
capital expenditures funded by operating lease borrowings	0	225,696,000			134,723,000	446,149,000	369,473,000	361,892,000	255,323,000	375,164,000	243,382,000	202,587,000	406,419,000	171,136,000	190,341,000	129,213,000	172,056,000	243,108,000	185,424,000	82,745,000		6,813,000	35,174,000	85,787,000	380,461,000	29,939,000	31,357,000	128,191,000
accretion of 8.00% senior secured notes						1,052,000	1,053,000	1,052,000		1,052,000	1,053,000	1,052,000		261,000	260,000	261,000				434,000
the sum of cash and cash equivalents and restricted cash on the company's condensed consolidated balance sheets equals cash, cash equivalents, and restricted cash in the company's condensed consolidated statement of cash flows.
fair value adjustments				160,000
deferred income tax benefit				-103,000	-22,007,000	-24,863,000	3,660,000	-15,005,000	-52,362,000	-45,879,000	16,853,000	-37,851,000	-71,073,000																																			410,000
fixed asset impairment charges
debt issuance and refinancing costs
pre-delivery deposit payments on flight equipment
debt issuance costs									-2,472,000	0	0	-555,000		0	0	-1,200,000				-2,444,000				-3,695,000	-2,295,000	0	-215,000	-399,000	-4,081,000	-1,340,000	-1,743,000	-201,000	-7,844,000	-1,732,000	-1,890,000	-2,274,000	0	0	-73,000	-34,000	-1,100,000	-9,423,000	-1,693,000	-2,976,000													0	0
adjustments to reconcile net loss to net cash from operations:
pre-delivery deposits on flight equipment, net of refunds								30,403,000	21,178,000	17,112,000	10,309,000	-25,443,000	7,138,000	-8,269,000	-1,509,000	-5,858,000	-2,581,000	-35,563,000	-28,470,000	-52,738,000	10,133,000	0	-30,309,000	-123,044,000	67,098,000	-93,374,000	-37,913,000	-37,913,000
loss on extinguishment of debt																	0	0
prepaid income taxes																	145,000	63,000	251,000	-303,000					0	-531,000								1,438,000	-752,000	-846,000	6,060,000	-3,226,000	-2,834,000	72,278,000
adjustments to reconcile net loss to net cash provided (used) by operations:
net cash provided (used) by operating activities											-10,065,000	140,777,000	-56,764,000				-68,151,000	-207,077,000			-95,889,000	-82,426,000
net cash provided (used) in investing activities											-54,459,000	-67,566,000
net cash provided (used) by financing activities											-112,499,000	-131,842,000					-2,527,000	-45,826,000	-128,512,000	-111,795,000	-4,258,000
net loss													-270,664,000	-36,377,000	-52,406,000	-194,703,000		14,774,000
proceeds from stock options exercised																					0	0	23,000	16,000	0	0			46,000	3,000	0	2,000	0	16,000			0	0	4,000	88,000	0	9,000	8,000	15,000	34,000
debt and equity issuance costs																					-395,000
mark to market adjustments on derivative liability
aircraft maintenance deposits														387,000	9,713,000	-844,000	9,888,000	36,982,000	3,861,000	1,755,000	-1,312,000	13,790,000	12,584,000	-1,330,000	37,408,000	-8,741,000	-3,655,000	-2,559,000	3,476,000	-679,000	-3,622,000	14,844,000	-9,508,000	-10,482,000	-5,166,000	-12,774,000	-7,570,000	-8,578,000	-17,410,000	-12,311,000
long-term deposits and other assets														-9,092,000	4,622,000	-35,339,000	3,864,000	-2,725,000	-10,768,000	4,998,000			-16,051,000	-666,000				20,735,000	957,000	-8,763,000	-509,000	3,512,000	30,819,000	-36,722,000	-23,633,000	-21,267,000	-32,528,000	-21,197,000	-13,560,000	-8,495,000	-59,319,000	-33,364,000	-4,770,000	-6,160,000	-11,933,000	-9,429,000	-11,329,000	-15,691,000
proceeds from issuance of warrants																				2,146,000
net cash used by financing activities														-43,268,000	-52,631,000	-47,520,000
net decrease in cash, cash equivalents, and restricted cash
income taxes received
deferred salaries, wages and benefits
the sum of cash and cash equivalents and restricted cash on the company's condensed consolidated balance sheets equals cash, cash equivalents, and restricted cash in our statement of cash flows.
amortization of deferred gains, losses and debt issuance costs																3,421,000	3,227,000	3,273,000					2,527,000	2,106,000
long-term debt and equity issuance costs																	-29,000	0
accretion of 8.00% senior secured notes and convertible debt																		259,000
the sum of cash and cash equivalents and restricted cash on our condensed consolidated balance sheets equals cash, cash equivalents, and restricted cash in our statement of cash flows.
special charges, non-operating																													0	1,744,000	79,412,000	9,201,000
cash and cash equivalents at beginning of period																					0	0	0	978,957,000	0	0	0	1,004,733,000	0	0	0	800,849,000	0	0	0	700,900,000	0	0	0	803,632,000	0	0	0	632,784,000	0	0	0	530,631,000	0	0	0	416,816,000	0	0	0	343,328,000	0	0
accretion of convertible debt
the sum of cash and cash equivalents and restricted cash on our condensed balance sheets equals cash, cash equivalents, and restricted cash in our statement of cash flows.
net increase in cash and cash equivalents																								-190,732,000			-11,342,000	117,406,000	231,023,000	-38,652,000	-86,095,000	97,608,000	-62,831,000	-5,473,000	51,043,000	117,210,000	-125,004,000	-188,176,000	111,271,000	99,177,000	54,736,000	-20,428,000	27,697,000	108,843,000	44,310,000	21,235,000	23,250,000	13,358,000	-9,564,000	15,290,000	41,421,000	66,668,000	17,673,000	-15,834,000	-5,854,000	77,503,000	-7,645,000	102,515,000
cash and cash equivalents at end of period																								788,225,000	43,279,000	-175,119,000	-11,342,000	1,122,139,000	231,023,000	-38,652,000	-86,095,000	898,457,000	-62,831,000	-5,473,000	51,043,000	818,110,000	-125,004,000	-188,176,000	111,271,000	902,809,000	54,736,000	-20,428,000	27,697,000	741,627,000	44,310,000	21,235,000	23,250,000	543,989,000	-9,564,000	15,290,000	41,421,000	483,484,000	17,673,000	-15,834,000	-5,854,000	420,831,000	-7,645,000	102,515,000
lease termination costs																																	0	7,853,000	0	4,776,000
other assets																										-34,686,000
proceeds from the maturity of available-for-sale investment securities																										35,800,000	30,510,000	26,085,000	23,813,000	26,170,000	42,460,000	30,504,000	10,025,000	28,024,000	43,638,000	24,219,000
net decrease in cash and cash equivalents
income taxes paid, net of refunds																										894,000	6,578,000	816,000	-76,855,000	96,000	2,591,000	679,000	1,474,000	12,000	1,459,000	2,881,000	12,590,000	17,973,000	28,016,000	-64,158,000
amortization of deferred gains and losses and debt issuance costs																											2,076,000	2,289,000	2,311,000	1,956,000	2,928,000	1,624,000	1,529,000	1,654,000	1,410,000	3,351,000
operating cash flows for finance leases																											1,247,000	210,000
stock-based compensation																													2,728,000	2,912,000	2,306,000	3,075,000
payments on capital lease obligations																													-154,000	-163,000																-411,000
excess tax (deficiency) benefit from equity-based compensation
capital expenditures funded by capital lease borrowings																													-672,000	0	236,727,000	-237,042,000	0	0	-1,240,000	-130,000
pre-delivery deposits for flight equipment, net of refunds																														-40,092,000	-50,625,000	-41,580,000	-27,775,000	-42,345,000	-34,605,000	-44,752,000	-64,687,000	-48,488,000	-10,414,000	-50,358,000	-54,665,000	-16,687,000	-20,583,000	-50,388,000	153,000	-21,946,000	-20,808,000	-73,201,000	-28,960,000	-21,580,000	-4,621,000	-15,127,000	-5,809,000	-11,555,000	3,294,000	1,444,000
payments on debt and capital lease obligations																																-18,847,000	-39,095,000	-13,544,000	-39,864,000	-10,235,000	-34,758,000	-9,998,000	-9,916,000	-9,749,000	-9,755,000	-7,669,000	-5,972,000	-2,968,000
unrealized losses on open derivative contracts
proceeds from sale leaseback transactions																																																				6,900,000	113,000	6,800,000	0	5,627,000
equity-based compensation																																		2,052,000	1,855,000	2,816,000	1,602,000	1,598,000	2,115,000	1,790,000	2,223,000	2,256,000	2,758,000	1,985,000	2,482,000	2,443,000	1,325,000	2,547,000
purchase of short-term investment securities
proceeds from the maturity of short-term investment securities
payments to pre-ipo shareholders pursuant to tax receivable agreement																																													0	0							0	0
amortization of deferred gains and losses																																						1,027,000	842,000	1,968,000	435,000	333,000	233,000	164,000		-50,000	-89,000	-89,000
lease termination cost																																						7,355,000	8,052,000	16,202,000
purchase of investment securities
proceeds from sale and leaseback transactions																																									0	0							0	0
excess tax benefit (deficiency) from equity-based compensation																																						14,000	267,000	-778,000
excess tax benefits from equity-based compensation																																									32,000	314,000	627,000	7,877,000	181,000	465,000	637,000	588,000
interest																																									3,210,000	2,093,000	1,747,000	11,000		72,000			3,000	9,000	8,000	9,000
liability and equity related to tax receivable agreement
unrealized losses on open fuel derivative contracts																																										-2,018,000	474,000	3,783,000
prepaid maintenance reserves																																										-12,867,000	7,696,000	-12,317,000	-2,970,000	-14,669,000	375,000	-14,661,000
taxes																																										40,937,000	44,315,000	9,883,000	220,000	36,791,000	48,875,000	3,218,000	24,763,000	16,136,000	43,874,000	932,000
deferred income tax																																													34,513,000	0
gain on slot sale
proceeds from sale of slots																																																					0
unrealized losses on open fuel hedge contracts
proceeds from options exercised																																															24,000	39,000	177,000	120,000	106,000	449,000
changes in fair value of open fuel hedge contracts
non-cash restructuring credit charges
equity based stock compensation
interest and dividends incurred but not paid
restricted cash
proceeds from issuance of common stock, net of offering expenses																																																									-419,000	233,000
payments on debt																																																										0
excess tax benefits from share-based compensation																																																	292,000	760,000	713,000	162,000	632,000	0	641,000	825,000
exchange of notes due to related parties for common stock																																																									0	0
exchange of mandatorily redeemable preferred stock for common stock																																																									0	0
proceeds from issuance of common stock, net offering expenses
proceeds from exercise of stock options
proceeds from issuance of common stock																																																							90,000	213,000
repurchase of restricted common stock																																																						-80,000	-399,000	-457,000		0
interest paid																																																						10,000	275,000	12,000	7,947,000	0
taxes paid																																																						17,531,000	20,333,000	1,486,000	1,098,000	192,000
non-cash transactions
liability and offsetting reduction to equity recorded related to tax receivable agreement
proceeds from sale of property, equipment and slots
gain on debt extinguishment
proceeds from issuance of debt
pre-delivery deposits for flight equipment																																																										-7,103,000
capital expenditures	-9,857,000	-11,926,000	-9,927,000	-4,154,000	-19,201,000	-31,203,000	3,787,000	-64,338,000	-44,480,000						-58,931,000	-47,340,000				-39,437,000				-195,371,000	-78,041,000	40,306,000	-91,593,000	-63,109,000	-186,385,000	-97,357,000	-86,008,000	-237,221,000	-200,820,000	-158,542,000	-157,254,000	-112,265,000	-93,667,000	-144,280,000	-143,346,000	-159,829,000	-97,001,000	-143,636,000	-123,554,000	-184,609,000	-160,308,000	-18,831,000	-3,344,000	-4,086,000	-2,784,000	-3,212,000	-3,228,000	-10,588,000	-2,060,000	-2,493,000	-9,395,000	-9,823,000	-4,520,000	0
free cash flows	-60,684,000	-418,039,000	-248,994,000	-14,746,000	-142,996,000	-395,502,000	-129,231,000	-201,313,000	-227,255,000						8,291,000	-27,795,000				147,211,000				-160,789,000	-27,217,000	57,679,000	44,280,000	142,042,000	11,580,000	-39,847,000	-6,155,000	-66,086,000	-162,052,000	-95,800,000	-7,686,000	61,897,000	-60,030,000	-65,060,000	-40,624,000	98,270,000	9,702,000	-74,225,000	5,482,000	-16,774,000	-106,091,000	43,329,000	50,152,000	86,553,000	18,961,000	36,159,000	45,839,000	74,605,000	22,764,000	-11,106,000	8,351,000	69,851,000	17,190,000	111,586,000
liability and equity recorded upon effectiveness of tax receivable agreement

Spirit Airlines, Inc(NYSE:SAVE)

Spirit Airlines, Inc
(NYSE:SAVE)