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FORM 10-Q
EX-31.1
EX-31.2
EX-32.1
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating revenues:
Passenger
$ 289,364
$ 278,040
Other
36,987
35,350
Total operating revenues
326,351
313,390
Operating expenses:
Aircraft fuel
88,558
115,760
Salaries, wages and benefits
64,733
53,824
Aircraft rent
44,982
46,496
Landing fees and other rents
33,983
32,221
Sales and marketing
26,379
24,562
Aircraft maintenance
13,834
19,044
Depreciation and amortization
4,103
3,269
Other operating expenses
34,396
31,345
Total operating expenses
310,968
326,521
Operating income (loss):
15,383
(13,131)
Other income (expense):
Interest expense-related-party
(806)
(9,345)
Interest expense
(1,216)
(570)
Capitalized interest
1,067
481
Other income (expense), net
(1,318)
260
Total other expense
(2,273)
(9,174)
Income (loss) before income tax
13,110
(22,305)
Income tax expense
324
49
Net income (loss)
$ 12,786
$ (22,354)
Net income (loss) per share:
Basic (in dollars per share)
$ 0.30
$ (31.86)
Diluted (in dollars per share)
$ 0.29
$ (31.86)
Shares used for computation:
Basic (in shares)
43,184
702
Diluted (in shares)
44,618
702