Hawaiian (HA) 10-Q 20 Oct 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 14, 2016
Document and Entity Information
Entity Registrant Name	HAWAIIAN HOLDINGS INC
Entity Central Index Key	1,172,222
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		53,426,475

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Operating Revenue:
Passenger	$ 591,496	$ 556,929	$ 1,592,095	$ 1,525,461
Other	80,341	74,809	225,512	217,852
Total	671,837	631,738	1,817,607	1,743,313
Operating Expenses:
Wages and benefits	141,410	125,884	410,936	369,875
Aircraft fuel, including taxes and delivery	94,818	105,483	248,516	329,329
Maintenance, materials and repairs	51,812	56,196	166,901	168,512
Aircraft and passenger servicing	33,971	30,284	93,245	87,948
Aircraft rent	32,891	29,544	92,345	86,732
Commissions and other selling	29,480	30,305	93,936	91,217
Other rentals and landing fees	28,926	24,728	78,338	70,807
Depreciation and amortization	27,495	26,061	81,629	78,777
Purchased services	25,614	19,458	72,889	60,540
Other	31,565	29,118	94,279	82,319
Total	497,982	477,061	1,433,014	1,426,056
Operating Income	173,855	154,677	384,593	317,257
Nonoperating Income (Expense):
Interest expense and amortization of debt discounts and issuance costs	(8,539)	(13,506)	(28,453)	(42,742)
Gains (losses) on fuel derivatives	(3,601)	(25,009)	15,421	(28,670)
Interest income	1,113	691	3,044	2,052
Capitalized interest	719	698	1,407	2,966
Loss on extinguishment of debt	0	(54)	(9,993)	(7,296)
Other, net	612	(4,515)	9,884	(9,325)
Total	(9,696)	(41,695)	(8,690)	(83,015)
Income Before Income Taxes	164,159	112,982	375,903	234,242
Income tax expense	61,705	42,953	142,413	89,496
Net Income	$ 102,454	$ 70,029	$ 233,490	$ 144,746
Net Income Per Share
Basic (in dollars per share)	$ 1.92	$ 1.30	$ 4.37	$ 2.67
Diluted (in dollars per share)	$ 1.91	$ 1.15	$ 4.35	$ 2.32

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net Income	$ 102,454	$ 70,029	$ 233,490	$ 144,746
Other comprehensive income (loss), net:
Net change related to employee benefit plans, net of tax expense	1,293	1,894	3,448	5,251
Net change in derivative instruments, net of tax benefit	(1,858)	(2,681)	(17,166)	(4,958)
Net change in available-for-sale investments, net of tax expense	(246)	59	437	239
Total other comprehensive income (loss)	(811)	(728)	(13,281)	532
Total Comprehensive Income	$ 101,643	$ 69,301	$ 220,209	$ 145,278

Consolidated Statements of Com4

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Statement of Comprehensive Income [Abstract]
Net change related to employee benefit plans, tax expense	$ 714	$ 1,117	$ 2,028	$ 3,163
Net change in derivative instruments, tax benefit	1,141	1,628	10,457	3,014
Net change in available-for-sale investments, tax expense (benefit)	$ (150)	$ 35	$ 266	$ 145

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 405,713	$ 281,502
Restricted cash	5,000	5,000
Short-term investments	287,995	278,545
Accounts receivable, net	85,388	81,723
Spare parts and supplies, net	18,238	19,164
Prepaid expenses and other	57,918	75,050
Total	860,252	740,984
Property and equipment, less accumulated depreciation and amortization of $494,121 and $432,510 as of September 30, 2016 and December 31, 2015, respectively	1,581,027	1,552,742
Other Assets:
Long-term prepayments and other	67,468	70,873
Intangible assets, less accumulated amortization of $30,222 and $28,400 as of September 30, 2016 and December 31, 2015, respectively	18,726	18,660
Goodwill	106,663	106,663
Total Assets	2,634,136	2,489,922
Current Liabilities:
Accounts payable	107,456	101,310
Air traffic liability	515,388	430,766
Other accrued liabilities	150,848	160,258
Current maturities of long-term debt and capital lease obligations	58,349	74,441
Total	832,041	766,775
Long-Term Debt and Capital Lease Obligations	506,328	677,915
Other Liabilities and Deferred Credits:
Accumulated pension and other postretirement benefit obligations	363,732	372,700
Other liabilities and deferred credits	100,674	89,845
Deferred tax liability, net	165,677	136,625
Total	630,083	599,170
Commitments and Contingencies
Shareholders’ Equity:
Special preferred stock, $0.01 par value per share, three shares issued and outstanding as of September 30, 2016 and December 31, 2015	0	0
Common stock, $0.01 par value per share, 53,426,475 and 53,401,439 shares outstanding as of September 30, 2016 and December 31, 2015, respectively	534	534
Capital in excess of par value	123,504	124,091
Accumulated income	654,204	420,714
Accumulated other comprehensive loss, net	(112,558)	(99,277)
Total	665,684	446,062
Total Liabilities and Shareholders’ Equity	$ 2,634,136	$ 2,489,922

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation and amortization	$ 494,121	$ 432,510
Intangible assets, accumulated amortization	$ 30,222	$ 28,400
Special preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Special preferred stock, shares issued	3	3
Special preferred stock, shares outstanding	3	3
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares outstanding	53,426,475	53,401,439

Condensed Consolidated Statemen

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Statement of Cash Flows [Abstract]
Net cash provided by Operating Activities	$ 417,307	$ 389,472
Cash flows from Investing Activities:
Additions to property and equipment, including pre-delivery payments	(104,250)	(105,329)
Proceeds from purchase assignment and leaseback transactions	31,851	86,033
Proceeds from disposition of equipment	0	3,606
Purchases of investments	(217,964)	(178,177)
Sales of investments	208,075	170,904
Net cash used in investing activities	(82,288)	(22,963)
Cash flows from Financing Activities:
Repayments of long-term debt and capital lease obligations	(205,532)	(74,719)
Repurchases and redemptions of convertible notes	(1,426)	(171,598)
Repurchases of common stock	(13,763)	(37,622)
Excess tax benefit from equity awards	17,615	0
Other	(7,702)	(1,483)
Net cash used in financing activities	(210,808)	(285,422)
Net increase in cash and cash equivalents	124,211	81,087
Cash and cash equivalents - Beginning of Period	281,502	264,087
Cash and cash equivalents - End of Period	$ 405,713	$ 345,174

Business and Basis of Presentat

Business and Basis of Presentation	9 Months Ended
	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Basis of Presentation	Business and Basis of Presentation Hawaiian Holdings, Inc. (the Company or Holdings) is a holding company incorporated in the State of Delaware. The Company’s primary asset is its sole ownership of all issued and outstanding shares of common stock of Hawaiian Airlines, Inc. (Hawaiian). The accompanying unaudited financial statements of the Company have been prepared in accordance with U.S. generally accepted accounting principles (GAAP) for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X of the U.S. Securities and Exchange Commission (SEC). Accordingly, these interim financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, the accompanying financial statements contain all adjustments, including normal recurring adjustments, necessary for the fair presentation of the Company’s results of operations and financial position for the periods presented. Due to seasonal fluctuations, among other factors common to the airline industry, the results of operations for the periods presented are not necessarily indicative of the results of operations to be expected for the entire year. The accompanying unaudited Consolidated Financial Statements should be read in conjunction with the financial statements and the notes of the Company included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015 .

Significant Accounting Policies

Significant Accounting Policies	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Recently Issued Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-02, Leases (ASU 2016-02), requiring a lessee to recognize in the statement of financial position a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. ASU 2016-02 is effective for annual reporting periods beginning after December 15, 2018. ASU 2016-02 requires entities to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. Full retrospective application is prohibited. The Company is currently evaluating the effect that the provisions of ASU 2016-02 will have on its consolidated financial statements and related disclosures. In April 2015, the FASB issued Accounting Standards Update 2015-03, Simplifying the Presentation of Debt Issuance Costs (ASU 2015-03), requiring an entity to present its debt issuance costs on the balance sheet as a deduction from the carrying amount of the related debt liability instead of a deferred charge. ASU 2015-03 is effective for annual reporting periods beginning after December 15, 2015. As a result, the Company adopted ASU 2015-03 as of January 1, 2016 and retrospectively applied it to all periods presented in the consolidated balance sheets. The adoption of ASU 2015-03 resulted in a $19.8 million reclassification of the Company's unamortized debt issuance costs from long-term prepayments and other to long-term debt on the consolidated balance sheet as of December 31, 2015. In May 2014, the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (ASU 2014-09), requiring an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in GAAP when it becomes effective. ASU 2014-09 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, and allows for either full retrospective or modified retrospective adoption. Organizations are permitted to adopt the new revenue standard early, but not before December 15, 2016. The Company is currently evaluating the effect that the provisions of ASU 2014-09 will have on its consolidated financial statements and related disclosures. We have determined that the new standard, once effective, will preclude the Company from accounting for miles earned under its HawaiianMiles customer loyalty program using the incremental cost method, and will instead require the use of the deferred revenue method. This change could have a significant impact on the Company's financial statements.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 2016
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Accumulated Other Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) Reclassifications out of accumulated other comprehensive income (loss) by component is as follows: Details about accumulated other comprehensive loss components Three months ended September 30, Nine months ended September 30, Affected line items in the statement where net income is presented 2016 2015 2016 2015 (in thousands) Derivatives designated as hedging instruments under ASC 815 Foreign currency derivative losses (gains) $ 1,842 $ (5,003 ) $ (1,679 ) $ (13,415 ) Passenger revenue Interest rate derivative losses, net — 170 944 536 Interest expense Total before tax 1,842 (4,833 ) (735 ) (12,879 ) Tax expense (benefit) (701 ) 1,826 272 4,866 Total, net of tax $ 1,141 $ (3,007 ) $ (463 ) $ (8,013 ) Amortization of defined benefit plan items Actuarial loss $ 1,950 $ 2,955 $ 5,780 $ 8,315 Wages and benefits Prior service cost 57 57 171 171 Wages and benefits Total before tax 2,007 3,012 5,951 8,486 Tax benefit (714 ) (1,118 ) (2,207 ) (3,194 ) Total, net of tax $ 1,293 $ 1,894 $ 3,744 $ 5,292 Short-term investments Realized gain on sales of investments, net $ (129 ) $ (1 ) $ (189 ) $ (36 ) Other nonoperating income Total before tax (129 ) (1 ) (189 ) (36 ) Tax expense 49 — 69 7 Total, net of tax (80 ) $ (1 ) $ (120 ) $ (29 ) Total reclassifications for the period $ 2,354 $ (1,114 ) $ 3,161 $ (2,750 ) A rollforward of the amounts included in accumulated other comprehensive income (loss), net of taxes, for the three and nine months ended September 30, 2016 and 2015 is as follows: Three months ended September 30, 2016 Interest Rate Derivatives Foreign Currency Derivatives Defined Benefit Short-Term Investments Total (in thousands) Beginning balance $ — $ (10,348 ) $ (101,710 ) $ 311 $ (111,747 ) Other comprehensive loss before reclassifications, net of tax — (2,999 ) — (166 ) (3,165 ) Amounts reclassified from accumulated other comprehensive income (loss), net of tax — 1,141 1,293 (80 ) 2,354 Net current-period other comprehensive income (loss) — (1,858 ) 1,293 (246 ) (811 ) Ending balance $ — $ (12,206 ) $ (100,417 ) $ 65 $ (112,558 ) Three months ended September 30, 2015 Interest Rate Derivatives Foreign Currency Derivatives Defined Benefit Plan Items Short-Term Investments Total (in thousands) Beginning balance $ 262 $ 10,423 $ (132,163 ) $ (74 ) $ (121,552 ) Other comprehensive income (loss) before reclassifications, net of tax (641 ) 967 — 60 386 Amounts reclassified from accumulated other comprehensive income (loss), net of tax 104 (3,111 ) 1,894 (1 ) (1,114 ) Net current-period other comprehensive income (loss) (537 ) (2,144 ) 1,894 59 (728 ) Ending balance $ (275 ) $ 8,279 $ (130,269 ) $ (15 ) $ (122,280 ) Nine months ended September 30, 2016 Interest Rate Derivatives Foreign Currency Derivatives Defined Benefit Pension Items Short-Term Investments Total (in thousands) Beginning balance $ 81 $ 4,879 $ (103,865 ) $ (372 ) $ (99,277 ) Other comprehensive income (loss) before reclassifications, net of tax (668 ) (16,035 ) (296 ) 557 (16,442 ) Amounts reclassified from accumulated other comprehensive income (loss), net of tax 587 (1,050 ) 3,744 (120 ) 3,161 Net current-period other comprehensive income (loss) (81 ) (17,085 ) 3,448 437 (13,281 ) Ending balance $ — $ (12,206 ) $ (100,417 ) $ 65 $ (112,558 ) Nine months ended September 30, 2015 Interest Rate Derivatives Foreign Currency Derivatives Defined Benefit Pension Items Short-Term Investments Total (in thousands) Beginning balance $ 254 $ 12,708 $ (135,520 ) $ (254 ) $ (122,812 ) Other comprehensive income (loss) before reclassifications, net of tax (857 ) 3,912 (41 ) 268 3,282 Amounts reclassified from accumulated other comprehensive income (loss), net of tax 328 (8,341 ) 5,292 (29 ) (2,750 ) Net current-period other comprehensive income (loss) (529 ) (4,429 ) 5,251 239 532 Ending balance $ (275 ) $ 8,279 $ (130,269 ) $ (15 ) $ (122,280 )

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share, which excludes dilution, is computed by dividing net income available to common shareholders by the weighted average number of common shares outstanding for the period. Diluted earnings per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock. For the three and nine months ended September 30, 2016 and 2015 , anti-dilutive shares excluded from the calculation of diluted earnings per share were nil. Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 (in thousands, except for per share data) Numerator: Net Income $ 102,454 $ 70,029 $ 233,490 $ 144,746 Denominator: Weighted average common stock shares outstanding - Basic 53,427 53,731 53,488 54,266 Assumed exercise of stock options and awards 161 396 219 458 Assumed conversion of convertible note premium — 350 8 1,618 Assumed conversion of warrants — 6,351 — 6,139 Weighted average common stock shares outstanding - Diluted 53,588 60,828 53,715 62,481 Net Income Per Share Basic $ 1.92 $ 1.30 $ 4.37 $ 2.67 Diluted $ 1.91 $ 1.15 $ 4.35 $ 2.32 Stock Repurchase Program In April 2015, the Company's Board of Directors approved a stock repurchase program under which the Company may repurchase up to $100 million of its outstanding common stock over a two -year period through the open market, established plans or privately negotiated transactions in accordance with all applicable securities laws, rules and regulations. The stock repurchase program is subject to modification or termination at any time. The Company spent $3.7 million and $13.8 million to repurchase approximately 98 thousand shares and 379 thousand shares of the Company's common stock in open market transactions during the three and nine months ended September 30, 2016 , respectively. As of September 30, 2016 , the Company has $46.1 million remaining to spend under the stock repurchase program. See Part II, Item 2, “Unregistered Sales of Equity Securities and Use of Proceeds” of this report for additional information on the stock repurchase program.

Short-Term Investments

Short-Term Investments	9 Months Ended
	Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Short-Term Investments	Short-Term Investments Debt securities that are not classified as cash equivalents are classified as available-for-sale investments and are stated at fair value. Realized gains and losses on sales of investments are reflected in nonoperating income (expense) in the unaudited consolidated statements of operations. Unrealized gains and losses on available-for-sale securities are reflected as a component of accumulated other comprehensive loss. The following is a summary of short-term investments held as of September 30, 2016 and December 31, 2015 : Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value September 30, 2016 (in thousands) Corporate debt $ 173,122 $ 247 $ (93 ) $ 173,276 U.S. government and agency debt 63,996 76 (18 ) 64,054 Municipal bonds 21,198 — (66 ) 21,132 Other fixed income securities 29,534 1 (2 ) 29,533 Total short-term investments $ 287,850 $ 324 $ (179 ) $ 287,995 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2015 (in thousands) Corporate debt $ 167,066 $ 13 $ (481 ) $ 166,598 U.S. government and agency debt 62,376 9 (123 ) 62,262 Municipal bonds 22,865 3 (12 ) 22,856 Other fixed income securities 26,835 — (6 ) 26,829 Total short-term investments $ 279,142 $ 25 $ (622 ) $ 278,545 Contractual maturities of short-term investments as of September 30, 2016 are shown below. Under 1 Year 1 to 5 Years Total (in thousands) Corporate debt $ 58,812 $ 114,464 $ 173,276 U.S. government and agency debt 35,815 28,240 64,055 Municipal bonds 8,859 12,273 21,132 Other fixed income securities 28,032 1,500 29,532 Total short-term investments $ 131,518 $ 156,477 $ 287,995 The Company classifies investments as current assets as these securities are available for use in its current operations.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements ASC Topic 820, Fair Value Measurement (ASC 820) clarifies that fair value as an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis for considering such assumptions, ASC 820 establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value as follows: Level 1 — Observable inputs such as quoted prices in active markets for identical assets or liabilities; Level 2 — Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term for the assets or liabilities; and Level 3 — Unobservable inputs for which there is little or no market data and that are significant to the fair value of the assets or liabilities. The tables below present the Company’s financial assets and liabilities measured at fair value on a recurring basis: Fair Value Measurements as of September 30, 2016 Total Level 1 Level 2 Level 3 (in thousands) Cash equivalents $ 17,296 $ 4,404 $ 12,892 $ — Cash equivalents measured at net asset value 166,780 — — — Restricted cash 5,000 5,000 — — Short-term investments 287,995 — 287,995 — Fuel derivative contracts: Crude oil call options 4,072 — 4,072 — Heating oil swaps 7,321 — 7,321 — Foreign currency derivatives 88 — 88 — Total assets measured at fair value $ 488,552 $ 9,404 $ 312,368 $ — Fuel derivative contracts: Heating oil swaps $ 712 $ — $ 712 $ — Foreign currency derivatives 18,757 — 18,757 — Total liabilities measured at fair value $ 19,469 $ — $ 19,469 $ — Fair Value Measurements as of December 31, 2015 Total Level 1 Level 2 Level 3 (in thousands) Cash equivalents $ 5,665 $ 1,648 $ 4,017 $ — Cash equivalents measured at net asset value 61,577 — — — Restricted cash 5,000 5,000 — — Short-term investments 278,545 — 278,545 — Fuel derivative contracts: Heating oil put options 1,060 — 1,060 — Foreign currency derivatives 6,550 — 6,550 — Total assets measured at fair value $ 358,397 $ 6,648 $ 290,172 $ — Fuel derivative contracts: Heating oil swaps $ 40,530 $ — $ 40,530 $ — Foreign currency derivatives 1,049 — 1,049 — Interest rate derivatives 312 — 312 — Total liabilities measured at fair value $ 41,891 $ — $ 41,891 $ — Cash equivalents. The Company’s cash equivalents consist of money market securities, U.S. agency bonds, foreign and domestic corporate bonds, and commercial paper. The instruments classified as Level 2 are valued using quoted prices for similar assets in active markets. Cash equivalents measured at net asset value. Cash equivalents measured at net asset value consist of money market securities that are measured at fair value using the net asset value per share practical expedient. In accordance with ASC 820, these instruments are not included in the fair value hierarchy. Restricted cash . The Company’s restricted cash consists of money market securities. Short-term investments. Short-term investments include U.S. and foreign government notes and bonds, U.S. agency bonds, variable-rate corporate bonds, asset backed securities, foreign and domestic corporate bonds, municipal bonds, and commercial paper. These instruments are valued using quoted prices for similar assets in active markets or other observable inputs. Fuel derivative contracts. The Company’s fuel derivative contracts consist of heating oil swaps and crude oil call options which are not traded on a public exchange. The fair value of these instruments are determined based on inputs available or derived from public markets including contractual terms, market prices, yield curves, and measures of volatility among others. Foreign currency derivatives. The Company’s foreign currency derivatives consist of Japanese Yen and Australian Dollar forward contracts and are valued based primarily on data available or derived from public markets. Interest rate derivatives. The Company’s interest rate derivatives consist of interest rate swaps and are valued based primarily on data available or derived from public markets. The table below presents the Company’s debt (excluding obligations under capital leases) measured at fair value: Fair Value of Debt September 30, 2016 December 31, 2015 Carrying Fair Value Carrying Fair Value Amount Total Level 1 Level 2 Level 3 Amount Total Level 1 Level 2 Level 3 (in thousands) $ 487,209 $ 490,382 $ — $ — $ 490,382 $ 677,203 $ 665,507 $ — $ 283 $ 665,224 The fair value estimates of the Company’s debt were based on the discounted amount of future cash flows using the Company’s current incremental rate of borrowing for similar instruments. The carrying amounts of cash, other receivables, and accounts payable approximate fair value due to the short-term nature of these financial instruments.

Financial Derivative Instrument

Financial Derivative Instruments	9 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Derivative Instruments	Financial Derivative Instruments The Company uses derivatives to manage risks associated with certain assets and liabilities arising from the potential adverse impact of fluctuations in global fuel prices and foreign currencies. Fuel Risk Management The Company’s operations are inherently dependent upon the price and availability of aircraft fuel. To manage economic risks associated with fluctuations in aircraft fuel prices, the Company periodically enters into derivative financial instruments. During the three and nine months ended September 30, 2016 , the Company primarily used heating oil swaps and crude oil call options to hedge its aircraft fuel expense. These derivative instruments were not designated as hedges under ASC Topic 815, Derivatives and Hedging (ASC 815), for hedge accounting treatment. As a result, any changes in fair value of these derivative instruments are adjusted through other nonoperating income (expense) in the period of change. The following table reflects the amount of realized and unrealized gains and losses recorded as nonoperating income (expense) in the unaudited Consolidated Statements of Operations. Three months ended September 30, Nine months ended September 30, Fuel derivative contracts 2016 2015 2016 2015 (in thousands) Losses realized at settlement $ (2,525 ) $ (13,777 ) $ (30,349 ) $ (44,921 ) Reversal of prior period unrealized amounts (7,115 ) 9,953 33,577 38,293 Unrealized gains (losses) that will settle in future periods 6,039 (21,185 ) 12,193 (22,042 ) Gains (losses) on fuel derivatives recorded as Nonoperating income (expense) $ (3,601 ) $ (25,009 ) $ 15,421 $ (28,670 ) Foreign Currency Exchange Rate Risk Management The Company is subject to foreign currency exchange rate risk due to revenues and expenses denominated in foreign currencies, with the primary exposures being the Japanese Yen and Australian Dollar. To manage exchange rate risk, the Company executes its international revenue and expense transactions in the same foreign currency to the extent practicable. The Company enters into foreign currency forward contracts to further manage the effects of fluctuating exchange rates. The effective portion of the gain or loss of designated cash flow hedges is reported as a component of accumulated other comprehensive income (AOCI) and reclassified into earnings in the same period in which the related sales are recognized as passenger revenue. The effective portion of the foreign currency forward contracts represents the change in fair value of the hedge that offsets the change in the fair value of the hedged item. To the extent the change in the fair value of the hedge does not perfectly offset the change in the fair value of the hedged item, the ineffective portion of the hedge is immediately recognized as nonoperating income (expense). Foreign currency forward contracts that are not designated as cash flow hedges are recorded at fair value, and any changes in fair value are recognized as other nonoperating income (expense) in the period of change. The Company believes that its foreign currency forward contracts that are designated as cash flow hedges will continue to be effective in offsetting changes in cash flow attributable to the hedged risk. The Company expects to reclassify a net loss of approximately $14.0 million into earnings over the next 12 months from AOCI based on the values at September 30, 2016 . The following tables present the gross fair value of asset and liability derivatives that are designated as hedging instruments under ASC 815 and derivatives that are not designated as hedging instruments under ASC 815, as well as the net derivative positions and location of the asset and liability balances within the unaudited Consolidated Balance Sheets. Derivative position as of September 30, 2016 Balance Sheet Notional Amount Final Gross fair Gross fair Net (in thousands) (in thousands) Derivatives designated as hedges Foreign currency derivatives Other accrued liabilities 15,789,800 Japanese Yen September 2017 60 (14,548 ) (14,488 ) Other liabilities and deferred credits 4,376,750 Japanese Yen September 2018 14 (3,973 ) (3,959 ) Derivatives not designated as hedges Foreign currency derivatives Other accrued liabilities 561,300 Japanese Yen March 2017 14 (236 ) (222 ) Fuel derivative contracts Prepaid expenses and other 36,419 gallons September 2017 11,393 (712 ) 10,681 Derivative position as of December 31, 2015 Balance Sheet Notional Amount Final Gross fair Gross fair Net (in thousands) (in thousands) Derivatives designated as hedges Interest rate derivative Other accrued liabilities $51,000 U.S. dollars April 2023 $ — $ (70 ) $ (70 ) Other liabilities and deferred credits (1) — (242 ) (242 ) Foreign currency derivatives Prepaid expenses and other 7,594,750 Japanese Yen December 2016 6,461 (525 ) 5,936 Other liabilities and deferred credits 5,437,400 Japanese Yen December 2017 78 (493 ) (415 ) Derivatives not designated as hedges Foreign currency derivatives Prepaid expenses and other 2,762,000 Japanese Yen August 2016 11 — 11 Other liabilities and deferred credits 2,845 Australian Dollars March 2017 — (31 ) (31 ) Fuel derivative contracts Other accrued liabilities 84,067 gallons December 2016 1,060 (40,530 ) (39,470 ) (1) Represents the noncurrent portion of the $51.0 million interest rate derivative with final maturity in April 2023. The following table reflects the impact of cash flow hedges designated for hedge accounting treatment and their location within the unaudited Consolidated Statements of Comprehensive Income. (Gain) loss recognized in AOCI on derivatives (effective portion) (Gain) loss reclassified from AOCI (Gain) loss recognized in Three months ended September 30, Three months ended September 30, Three months ended September 30, 2016 2015 2016 2015 2016 2015 (in thousands) Foreign currency derivatives $ 4,841 $ (1,558 ) $ 1,842 $ (5,003 ) $ — $ — Interest rate derivatives — 840 — 170 — — (Gain) loss recognized in AOCI on derivatives (effective portion) (Gain) loss reclassified from AOCI (Gain) loss recognized in Nine months ended September 30, Nine months ended September 30, Nine months ended September 30, 2016 2015 2016 2015 2016 2015 (in thousands) Foreign currency derivatives $ 24,996 $ (6,295 ) $ (1,679 ) $ (13,415 ) $ — $ — Interest rate derivatives 923 778 1,383 536 — — Risk and Collateral Financial derivative instruments expose the Company to possible credit loss in the event the counterparties fail to meet their obligations. To manage such credit risks, the Company (1) selects its counterparties based on past experience and credit ratings, (2) limits its exposure to any single counterparty, and (3) regularly monitors the market position and credit rating of each counterparty. Credit risk is deemed to have a minimal impact on the fair value of the derivative instruments as cash collateral would be provided by the counterparties based on the current market exposure of the derivative. ASC 815 requires a reporting entity to elect a policy of whether to offset rights to reclaim cash collateral or obligations to return cash collateral against derivative assets and liabilities executed with the same counterparty under a master netting agreement, or present such amounts on a gross basis. The Company’s accounting policy is to present its derivative assets and liabilities on a net basis, including any collateral posted with the counterparty. The Company had no collateral posted with counterparties as of September 30, 2016 and December 31, 2015 . The Company is also subject to market risk in the event these financial instruments become less valuable in the market. However, changes in the fair value of the derivative instruments will generally offset the change in the fair value of the hedged item, limiting the Company’s overall exposure.

Debt

Debt	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Debt	Debt As of September 30, 2016 , the expected maturities of long-term debt for the remainder of 2016 and the next four years, and thereafter, were as follows (in thousands): Remaining months in 2016 $ 5,336 2017 48,801 2018 48,244 2019 72,927 2020 21,413 Thereafter 290,488 $ 487,209 Debt Extinguishment The Company extinguished $140.5 million of its existing debt under a secured financial agreement for the nine months ended September 30, 2016 , which was originally scheduled to mature in 2023. This debt extinguishment resulted in a loss of $10.0 million for the nine months ended September 30, 2016 , which was reflected in nonoperating income (expense) in the unaudited Consolidated Statement of Operations.

Leases

Leases	9 Months Ended
	Sep. 30, 2016
Leases [Abstract]
Leases	Leases The Company leases aircraft, engines, and other assets under long-term lease arrangements. Other leased assets include real property, airport and terminal facilities, maintenance facilities, and general offices. Certain leases include escalation clauses and renewal options. When lease renewals are considered to be reasonably assured, the rental payments that will be due during the renewal periods are included in the determination of rent expense over the life of the lease. As of September 30, 2016 , the scheduled future minimum rental payments under operating leases with non-cancellable basic terms of more than one year were as follows: Aircraft Other (in thousands) Remaining in 2016 $ 30,344 $ 1,308 2017 117,226 4,856 2018 114,477 4,787 2019 114,332 4,494 2020 94,177 4,319 Thereafter 280,320 27,949 $ 750,876 $ 47,713

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	Employee Benefit Plans The components of net periodic benefit cost for the Company’s defined benefit and other postretirement plans included the following: Three months ended September 30, Nine months ended September 30, Components of Net Period Benefit Cost 2016 2015 2016 2015 (in thousands) Service cost $ 3,438 $ 4,006 $ 10,864 $ 12,456 Interest cost 7,518 7,454 22,682 22,232 Expected return on plan assets (4,472 ) (4,702 ) (13,416 ) (14,134 ) Recognized net actuarial loss 2,008 3,012 5,952 8,486 Net periodic benefit cost $ 8,492 $ 9,770 $ 26,082 $ 29,040 The Company contributed $15.6 million and $26.9 million to its defined benefit and other postretirement plans during the three and nine months ended September 30, 2016 , respectively, including $21.2 million above the minimum funding requirements. The Company contributed $3.2 million and $16.7 million to its defined benefit and other postretirement plans during the three and nine months ended September 30, 2015 , respectively.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Commitments and Contingent Liabilities Commitments As of September 30, 2016 , the Company had the following capital commitments consisting of firm aircraft and engine orders and purchase rights: Aircraft Type Firm Orders Purchase Rights Expected Delivery Dates A321neo aircraft 16 9 Between 2017 and 2020 A330-800neo aircraft 6 6 Between 2019 and 2021 Pratt & Whitney spare engines: A321neo spare engines 2 2 Between 2017 and 2018 Rolls-Royce spare engines: A330-800neo spare engines 2 2 Between 2019 and 2026 The Company has operating commitments with a third-party to provide aircraft maintenance services which require fixed payments as well as variable payments based on flight hours for its Airbus fleet through 2027. The Company also has operating commitments with third-party service providers for IT, accounting services, and a capacity purchase agreement through 2024. Committed capital and operating expenditures include escalation amounts based on estimates. The gross committed expenditures and committed financings for those deliveries as of September 30, 2016 are detailed below: Capital Operating Total Committed (in thousands) Remaining in 2016 $ 44,490 $ 20,421 $ 64,911 2017 232,744 77,009 309,753 2018 396,342 64,529 460,871 2019 481,376 57,025 538,401 2020 232,736 57,122 289,858 Thereafter 214,789 287,500 502,289 $ 1,602,477 $ 563,606 $ 2,166,083 Litigation and Contingencies The Company is subject to legal proceedings arising in the normal course of its operations. Management does not anticipate that the disposition of any currently pending proceeding will have a material effect on the Company’s operations, business or financial condition. General Guarantees and Indemnifications In the normal course of business, the Company enters into numerous aircraft financing and real estate leasing arrangements that have various guarantees included in the contract. It is common in such lease transactions for the lessee to agree to indemnify the lessor and other related third-parties for tort liabilities that arise out of or relate to the lessee’s use of the leased aircraft or occupancy of the leased premises. In some cases, this indemnity extends to related liabilities arising from the negligence of the indemnified parties, but usually excludes any liabilities caused by their gross negligence or willful misconduct. Additionally, the lessee typically indemnifies such parties for any environmental liability that arises out of or relates to its use of the real estate leased premises. The Company believes that it is insured (subject to deductibles) for most tort liabilities and related indemnities described above with respect to the aircraft and real estate that it leases. The Company cannot estimate the potential amount of future payments, if any, under the foregoing indemnities and agreements. Credit Card Holdback Under the Company’s bank-issued credit card processing agreements, certain proceeds from advance ticket sales may be held back to serve as collateral to cover any possible chargebacks or other disputed charges that may occur. These holdbacks, which are included in restricted cash in the Company’s unaudited Consolidated Balance Sheets, totaled $5.0 million at September 30, 2016 and December 31, 2015 . In the event of a material adverse change in the Company's business, the holdback could increase to an amount up to 100% of the applicable credit card air traffic liability, which would also cause an increase in the level of restricted cash. If the Company is unable to obtain a waiver of, or otherwise mitigate the increase in the restriction of cash, it could have a material adverse impact on the Company.

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2016
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Non-cash investing and financing activities for the nine months ended September 30, 2016 and 2015 were as follows: Nine months ended September 30, 2016 2015 (in thousands) Investing and Financing Activities Not Affecting Cash: Property and equipment acquired through a capital lease $ 6,092 $ 2,791

Condensed Consolidating Financi

Condensed Consolidating Financial Information	9 Months Ended
	Sep. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Financial Information	Condensed Consolidating Financial Information The following condensed consolidating financial information is presented in accordance with Regulation S-X paragraph 210.3-10 because, in connection with the issuance by two pass-through trusts formed by Hawaiian (which is also referred to in this Note 13 as Subsidiary Issuer / Guarantor) of pass-through certificates, the Company (which is also referred to in this Note 13 as Parent Issuer / Guarantor) is fully and unconditionally guaranteeing the payment obligations of Hawaiian, which is a 100% owned subsidiary of the Company, under equipment notes issued by Hawaiian to purchase new aircraft. Condensed consolidating financial statements are presented in the following tables: Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) Three months ended September 30, 2016 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 670,115 $ 1,800 $ (78 ) $ 671,837 Operating Expenses: Aircraft fuel, including taxes and delivery — 94,818 — — 94,818 Wages and benefits — 141,410 — — 141,410 Aircraft rent — 32,891 — — 32,891 Maintenance materials and repairs — 51,354 458 — 51,812 Aircraft and passenger servicing — 33,971 — — 33,971 Commissions and other selling — 29,494 15 (29 ) 29,480 Depreciation and amortization — 26,496 999 — 27,495 Other rentals and landing fees — 28,926 — — 28,926 Purchased services 34 25,404 191 (15 ) 25,614 Other 1,348 29,807 444 (34 ) 31,565 Total 1,382 494,571 2,107 (78 ) 497,982 Operating Income (Loss) (1,382 ) 175,544 (307 ) — 173,855 Nonoperating Income (Expense): Undistributed net income of subsidiaries 103,211 — — (103,211 ) — Interest expense and amortization of debt discounts and issuance costs — (8,539 ) — — (8,539 ) Interest income 71 1,042 — — 1,113 Capitalized interest — 719 — — 719 Losses on fuel derivatives — (3,601 ) — — (3,601 ) Loss on extinguishment of debt — — — — — Other, net — 612 — — 612 Total 103,282 (9,767 ) — (103,211 ) (9,696 ) Income (Loss) Before Income Taxes 101,900 165,777 (307 ) (103,211 ) 164,159 Income tax expense (benefit) (554 ) 62,259 — — 61,705 Net Income (Loss) $ 102,454 $ 103,518 $ (307 ) $ (103,211 ) $ 102,454 Comprehensive Income (Loss) $ 101,643 $ 102,707 $ (307 ) $ (102,400 ) $ 101,643 Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) Three months ended September 30, 2015 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 630,657 $ 1,162 $ (81 ) $ 631,738 Operating Expenses: Aircraft fuel, including taxes and delivery — 105,483 — — 105,483 Wages and benefits — 125,884 — — 125,884 Aircraft rent — 29,544 — — 29,544 Maintenance materials and repairs — 56,021 175 — 56,196 Aircraft and passenger servicing — 30,284 — — 30,284 Commissions and other selling 1 30,314 15 (25 ) 30,305 Depreciation and amortization — 25,307 754 — 26,061 Other rentals and landing fees — 24,728 — — 24,728 Purchased services 32 19,417 25 (16 ) 19,458 Other 1,478 27,457 223 (40 ) 29,118 Total 1,511 474,439 1,192 (81 ) 477,061 Operating Income (Loss) (1,511 ) 156,218 (30 ) — 154,677 Nonoperating Income (Expense): Undistributed net income of subsidiaries 71,067 — — (71,067 ) — Interest expense and amortization of debt discounts and issuance costs (100 ) (13,406 ) — — (13,506 ) Interest income 53 638 — — 691 Capitalized interest — 698 — — 698 Losses on fuel derivatives — (25,009 ) — — (25,009 ) Loss on extinguishment of debt (54 ) — — — (54 ) Other, net — (4,515 ) — — (4,515 ) Total 70,966 (41,594 ) — (71,067 ) (41,695 ) Income (Loss) Before Income Taxes 69,455 114,624 (30 ) (71,067 ) 112,982 Income tax expense (benefit) (574 ) 43,527 — — 42,953 Net Income (Loss) $ 70,029 $ 71,097 $ (30 ) $ (71,067 ) $ 70,029 Comprehensive Income (Loss) $ 69,301 $ 70,369 $ (30 ) $ (70,339 ) $ 69,301 Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) Nine months ended September 30, 2016 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 1,813,410 $ 4,478 $ (281 ) $ 1,817,607 Operating Expenses: Aircraft fuel, including taxes and delivery — 248,516 — 248,516 Wages and benefits — 410,936 — 410,936 Aircraft rent — 92,345 — 92,345 Maintenance materials and repairs — 164,395 2,506 166,901 Aircraft and passenger servicing — 93,245 — 93,245 Commissions and other selling 1 93,983 52 (100 ) 93,936 Depreciation and amortization — 79,136 2,493 81,629 Other rentals and landing fees — 78,338 — 78,338 Purchased services 121 72,363 450 (45 ) 72,889 Other 4,135 89,381 899 (136 ) 94,279 Total 4,257 1,422,638 6,400 (281 ) 1,433,014 Operating Income (Loss) (4,257 ) 390,772 (1,922 ) — 384,593 Nonoperating Income (Expense): Undistributed net income of subsidiaries 235,353 — — (235,353 ) — Interest expense and amortization of debt discounts and issuance costs 117 (28,570 ) — (28,453 ) Interest income 195 2,849 — 3,044 Capitalized interest — 1,407 — 1,407 Gains on fuel derivatives — 15,421 — 15,421 Loss on extinguishment of debt — (9,993 ) — (9,993 ) Other, net — 9,884 — 9,884 Total 235,665 (9,002 ) — (235,353 ) (8,690 ) Income (Loss) Before Income Taxes 231,408 381,770 (1,922 ) (235,353 ) 375,903 Income tax expense (benefit) (2,082 ) 144,495 — — 142,413 Net Income (Loss) $ 233,490 $ 237,275 $ (1,922 ) $ (235,353 ) $ 233,490 Comprehensive Income (Loss) $ 220,209 $ 223,994 $ (1,922 ) $ (222,072 ) $ 220,209 Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) Nine months ended September 30, 2015 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 1,740,118 $ 3,503 $ (308 ) $ 1,743,313 Operating Expenses: Aircraft fuel, including taxes and delivery — 329,329 — — 329,329 Wages and benefits — 369,875 — — 369,875 Aircraft rent — 86,732 — — 86,732 Maintenance materials and repairs — 167,489 1,023 — 168,512 Aircraft and passenger servicing — 87,948 — — 87,948 Commissions and other selling 5 91,260 46 (94 ) 91,217 Depreciation and amortization — 76,529 2,248 — 78,777 Other rentals and landing fees — 70,807 — — 70,807 Purchased services 920 59,599 68 (47 ) 60,540 Other 3,827 78,018 641 (167 ) 82,319 Total 4,752 1,417,586 4,026 (308 ) 1,426,056 Operating Income (Loss) (4,752 ) 322,532 (523 ) — 317,257 Nonoperating Income (Expense): Undistributed net income of subsidiaries 153,389 — — (153,389 ) — Interest expense and amortization of debt discounts and issuance costs (1,692 ) (41,050 ) — — (42,742 ) Interest income 162 1,890 — — 2,052 Capitalized interest — 2,966 — — 2,966 Losses on fuel derivatives — (28,670 ) — — (28,670 ) Loss on extinguishment of debt (7,296 ) — — — (7,296 ) Other, net — (9,325 ) — — (9,325 ) Total 144,563 (74,189 ) — (153,389 ) (83,015 ) Income (Loss) Before Income Taxes 139,811 248,343 (523 ) (153,389 ) 234,242 Income tax expense (benefit) (4,935 ) 94,431 — — 89,496 Net Income (Loss) $ 144,746 $ 153,912 $ (523 ) $ (153,389 ) $ 144,746 Comprehensive Income (Loss) $ 145,278 $ 154,444 $ (523 ) $ (153,921 ) $ 145,278 Condensed Consolidating Balance Sheets September 30, 2016 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) ASSETS Current assets: Cash and cash equivalents $ 67,381 $ 330,326 $ 8,006 $ — $ 405,713 Restricted cash — 5,000 — — 5,000 Short-term investments — 287,995 — 287,995 Accounts receivable, net 61 84,980 528 (181 ) 85,388 Spare parts and supplies, net — 18,238 — — 18,238 Prepaid expenses and other 84 57,688 146 — 57,918 Total 67,526 784,227 8,680 (181 ) 860,252 Property and equipment at cost — 2,006,345 68,803 — 2,075,148 Less accumulated depreciation and amortization — (486,588 ) (7,533 ) — (494,121 ) Property and equipment, net — 1,519,757 61,270 — 1,581,027 Long-term prepayments and other — 67,468 — — 67,468 Deferred tax assets, net 28,141 — — (28,141 ) — Goodwill and other intangible assets, net — 123,655 1,734 — 125,389 Intercompany receivable — 277,511 — (277,511 ) — Investment in consolidated subsidiaries 840,109 — — (840,109 ) — TOTAL ASSETS $ 935,776 $ 2,772,618 $ 71,684 $ (1,145,942 ) $ 2,634,136 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 476 $ 106,520 $ 641 $ (181 ) $ 107,456 Air traffic liability — 512,271 3,117 — 515,388 Other accrued liabilities 2,974 147,598 276 — 150,848 Current maturities of long-term debt, less discount, and capital lease obligations — 58,349 — — 58,349 Total 3,450 824,738 4,034 (181 ) 832,041 Long-term debt and capital lease obligations — 506,328 — — 506,328 Intercompany payable 266,478 — 11,033 (277,511 ) — Other liabilities and deferred credits: 0 Accumulated pension and other postretirement benefit obligations — 363,732 — — 363,732 Other liabilities and deferred credits 164 99,680 830 100,674 Deferred tax liabilities, net — 193,818 — (28,141 ) 165,677 Total 164 657,230 830 (28,141 ) 630,083 Shareholders’ equity 665,684 784,322 55,787 (840,109 ) 665,684 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 935,776 $ 2,772,618 $ 71,684 $ (1,145,942 ) $ 2,634,136 Condensed Consolidating Balance Sheets December 31, 2015 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) ASSETS Current assets: Cash and cash equivalents $ 69,420 $ 203,406 $ 8,676 $ — $ 281,502 Restricted cash — 5,000 — — 5,000 Short-term investments — 278,545 — — 278,545 Accounts receivable, net 61 81,248 625 (211 ) 81,723 Spare parts and supplies, net — 19,164 — — 19,164 Prepaid expenses and other 7 74,948 95 — 75,050 Total 69,488 662,311 9,396 (211 ) 740,984 Property and equipment at cost — 1,927,126 58,126 — 1,985,252 Less accumulated depreciation and amortization — (427,315 ) (5,195 ) — (432,510 ) Property and equipment, net — 1,499,811 52,931 — 1,552,742 Long-term prepayments and other — 70,373 500 — 70,873 Deferred tax assets, net 26,059 — — (26,059 ) — Goodwill and other intangible assets, net — 125,323 — — 125,323 Intercompany receivable — 242,248 — (242,248 ) — Investment in consolidated subsidiaries 596,570 — — (596,570 ) — TOTAL ASSETS $ 692,117 $ 2,600,066 $ 62,827 $ (865,088 ) $ 2,489,922 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 755 $ 100,007 $ 759 $ (211 ) $ 101,310 Air traffic liability — 427,302 3,464 — 430,766 Other accrued liabilities 530 159,583 145 — 160,258 Current maturities of long-term debt, less discount, and capital lease obligations 288 74,153 — — 74,441 Total 1,573 761,045 4,368 (211 ) 766,775 Long-term debt and capital lease obligations — 677,915 — — 677,915 Intercompany payable 242,248 — — (242,248 ) — Other liabilities and deferred credits: 0 Accumulated pension and other postretirement benefit obligations — 372,700 — — 372,700 Other liabilities and deferred credits 2,234 86,861 750 — 89,845 Deferred tax liabilities, net — 162,684 — (26,059 ) 136,625 Total 2,234 622,245 750 (26,059 ) 599,170 Shareholders’ equity 446,062 538,861 57,709 (596,570 ) 446,062 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 692,117 $ 2,600,066 $ 62,827 $ (865,088 ) $ 2,489,922 Condensed Consolidating Statements of Cash Flows Nine months ended September 30, 2016 Parent Issuer / Subsidiary Non- Eliminations Consolidated (in thousands) Net Cash Provided By (Used In) Operating Activities $ (4,036 ) $ 420,981 $ 362 $ 417,307 Cash Flows From Investing Activities: Net payments to affiliates — (27,796 ) — 27,796 — Additions to property and equipment, including pre-delivery deposits — (92,185 ) (12,065 ) (104,250 ) Proceeds from purchase assignment and leaseback transaction 31,851 31,851 Proceeds from disposition of property and equipment — — — — Purchases of investments — (217,964 ) (217,964 ) Sales of investments — 208,075 208,075 Net cash used in investing activities — (98,019 ) (12,065 ) 27,796 (82,288 ) Cash Flows From Financing Activities: Repayments of long-term debt and capital lease obligations — (205,532 ) (205,532 ) Repurchases and redemptions of convertible notes (1,426 ) — — — (1,426 ) Net payments from affiliates 16,763 11,033 (27,796 ) — Repurchases of common stock (13,763 ) — — — (13,763 ) Excess tax benefit from equity awards — 17,615 — — 17,615 Other 423 (8,125 ) — (7,702 ) Net cash provided by (used in) financing activities 1,997 (196,042 ) 11,033 (27,796 ) (210,808 ) Net increase (decrease) in cash and cash equivalents (2,039 ) 126,920 (670 ) — 124,211 Cash and cash equivalents - Beginning of Period 69,420 203,406 8,676 — 281,502 Cash and cash equivalents - End of Period $ 67,381 $ 330,326 $ 8,006 $ — $ 405,713 Condensed Consolidating Statements of Cash Flows Nine months ended September 30, 2015 Parent Issuer / Subsidiary Non- Eliminations Consolidated (in thousands) Net Cash Provided By (Used In) Operating Activities $ (3,461 ) $ 391,577 $ 1,356 $ — $ 389,472 Cash Flows From Investing Activities: Net payments to affiliates (25,000 ) (223,411 ) — 248,411 — Additions to property and equipment, including pre-delivery deposits — (81,888 ) (23,441 ) — (105,329 ) Proceeds from purchase assignment and leaseback transaction — 86,033 — — 86,033 Net proceeds from disposition of property and equipment — 3,551 55 — 3,606 Purchases of investments — (178,177 ) — — (178,177 ) Sales of investments — 170,904 — — 170,904 Net cash used in investing activities (25,000 ) (222,988 ) (23,386 ) 248,411 (22,963 ) Cash Flows From Financing Activities: Repayments of long-term debt and capital lease obligations — (74,719 ) — — (74,719 ) Repurchase of convertible notes (171,598 ) — — — (171,598 ) Net payments from affiliates 223,411 — 25,000 (248,411 ) — Repurchases of Common Stock (37,622 ) — — — (37,622 ) Other 687 (2,170 ) — — (1,483 ) Net cash provided by (used in) financing activities 14,878 (76,889 ) 25,000 (248,411 ) (285,422 ) Net increase (decrease) in cash and cash equivalents (13,583 ) 91,700 2,970 — 81,087 Cash and cash equivalents - Beginning of Period 79,532 179,676 4,879 — 264,087 Cash and cash equivalents - End of Period $ 65,949 $ 271,376 $ 7,849 $ — $ 345,174 Certain Restrictions on Subsidiary Distributions, Dividends and Repurchases The Company and Hawaiian are party to a Credit and Guaranty Agreement (Credit Agreement), dated as of November 7, 2014, that provides for a Revolving Credit Facility. See further discussion of the Revolving Credit Facility at Note 8 to the Consolidated Financial Statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2015 . Pursuant to the terms of the Credit Agreement, neither Hawaiian nor any other subsidiary of the Company will directly or indirectly declare or pay any dividend, or purchase, redeem or otherwise acquire or retire for value any equity interests of the Company unless certain conditions are met. Income Taxes The income tax expense (benefit) is presented as if each entity that is part of the consolidated group files a separate return.

Significant Accounting Polici21

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update 2016-02, Leases (ASU 2016-02), requiring a lessee to recognize in the statement of financial position a liability to make lease payments and a right-of-use asset representing its right to use the underlying asset for the lease term. ASU 2016-02 is effective for annual reporting periods beginning after December 15, 2018. ASU 2016-02 requires entities to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. Full retrospective application is prohibited. The Company is currently evaluating the effect that the provisions of ASU 2016-02 will have on its consolidated financial statements and related disclosures. In April 2015, the FASB issued Accounting Standards Update 2015-03, Simplifying the Presentation of Debt Issuance Costs (ASU 2015-03), requiring an entity to present its debt issuance costs on the balance sheet as a deduction from the carrying amount of the related debt liability instead of a deferred charge. ASU 2015-03 is effective for annual reporting periods beginning after December 15, 2015. As a result, the Company adopted ASU 2015-03 as of January 1, 2016 and retrospectively applied it to all periods presented in the consolidated balance sheets. The adoption of ASU 2015-03 resulted in a $19.8 million reclassification of the Company's unamortized debt issuance costs from long-term prepayments and other to long-term debt on the consolidated balance sheet as of December 31, 2015. In May 2014, the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (ASU 2014-09), requiring an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. ASU 2014-09 will replace most existing revenue recognition guidance in GAAP when it becomes effective. ASU 2014-09 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2017, and allows for either full retrospective or modified retrospective adoption. Organizations are permitted to adopt the new revenue standard early, but not before December 15, 2016. The Company is currently evaluating the effect that the provisions of ASU 2014-09 will have on its consolidated financial statements and related disclosures. We have determined that the new standard, once effective, will preclude the Company from accounting for miles earned under its HawaiianMiles customer loyalty program using the incremental cost method, and will instead require the use of the deferred revenue method. This change could have a significant impact on the Company's financial statements.

Accumulated Other Comprehensi22

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 2016
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Reclassifications by component	Reclassifications out of accumulated other comprehensive income (loss) by component is as follows: Details about accumulated other comprehensive loss components Three months ended September 30, Nine months ended September 30, Affected line items in the statement where net income is presented 2016 2015 2016 2015 (in thousands) Derivatives designated as hedging instruments under ASC 815 Foreign currency derivative losses (gains) $ 1,842 $ (5,003 ) $ (1,679 ) $ (13,415 ) Passenger revenue Interest rate derivative losses, net — 170 944 536 Interest expense Total before tax 1,842 (4,833 ) (735 ) (12,879 ) Tax expense (benefit) (701 ) 1,826 272 4,866 Total, net of tax $ 1,141 $ (3,007 ) $ (463 ) $ (8,013 ) Amortization of defined benefit plan items Actuarial loss $ 1,950 $ 2,955 $ 5,780 $ 8,315 Wages and benefits Prior service cost 57 57 171 171 Wages and benefits Total before tax 2,007 3,012 5,951 8,486 Tax benefit (714 ) (1,118 ) (2,207 ) (3,194 ) Total, net of tax $ 1,293 $ 1,894 $ 3,744 $ 5,292 Short-term investments Realized gain on sales of investments, net $ (129 ) $ (1 ) $ (189 ) $ (36 ) Other nonoperating income Total before tax (129 ) (1 ) (189 ) (36 ) Tax expense 49 — 69 7 Total, net of tax (80 ) $ (1 ) $ (120 ) $ (29 ) Total reclassifications for the period $ 2,354 $ (1,114 ) $ 3,161 $ (2,750 )
Schedule of amounts included in accumulated other comprehensive income (loss), net of taxes	A rollforward of the amounts included in accumulated other comprehensive income (loss), net of taxes, for the three and nine months ended September 30, 2016 and 2015 is as follows: Three months ended September 30, 2016 Interest Rate Derivatives Foreign Currency Derivatives Defined Benefit Short-Term Investments Total (in thousands) Beginning balance $ — $ (10,348 ) $ (101,710 ) $ 311 $ (111,747 ) Other comprehensive loss before reclassifications, net of tax — (2,999 ) — (166 ) (3,165 ) Amounts reclassified from accumulated other comprehensive income (loss), net of tax — 1,141 1,293 (80 ) 2,354 Net current-period other comprehensive income (loss) — (1,858 ) 1,293 (246 ) (811 ) Ending balance $ — $ (12,206 ) $ (100,417 ) $ 65 $ (112,558 ) Three months ended September 30, 2015 Interest Rate Derivatives Foreign Currency Derivatives Defined Benefit Plan Items Short-Term Investments Total (in thousands) Beginning balance $ 262 $ 10,423 $ (132,163 ) $ (74 ) $ (121,552 ) Other comprehensive income (loss) before reclassifications, net of tax (641 ) 967 — 60 386 Amounts reclassified from accumulated other comprehensive income (loss), net of tax 104 (3,111 ) 1,894 (1 ) (1,114 ) Net current-period other comprehensive income (loss) (537 ) (2,144 ) 1,894 59 (728 ) Ending balance $ (275 ) $ 8,279 $ (130,269 ) $ (15 ) $ (122,280 ) Nine months ended September 30, 2016 Interest Rate Derivatives Foreign Currency Derivatives Defined Benefit Pension Items Short-Term Investments Total (in thousands) Beginning balance $ 81 $ 4,879 $ (103,865 ) $ (372 ) $ (99,277 ) Other comprehensive income (loss) before reclassifications, net of tax (668 ) (16,035 ) (296 ) 557 (16,442 ) Amounts reclassified from accumulated other comprehensive income (loss), net of tax 587 (1,050 ) 3,744 (120 ) 3,161 Net current-period other comprehensive income (loss) (81 ) (17,085 ) 3,448 437 (13,281 ) Ending balance $ — $ (12,206 ) $ (100,417 ) $ 65 $ (112,558 ) Nine months ended September 30, 2015 Interest Rate Derivatives Foreign Currency Derivatives Defined Benefit Pension Items Short-Term Investments Total (in thousands) Beginning balance $ 254 $ 12,708 $ (135,520 ) $ (254 ) $ (122,812 ) Other comprehensive income (loss) before reclassifications, net of tax (857 ) 3,912 (41 ) 268 3,282 Amounts reclassified from accumulated other comprehensive income (loss), net of tax 328 (8,341 ) 5,292 (29 ) (2,750 ) Net current-period other comprehensive income (loss) (529 ) (4,429 ) 5,251 239 532 Ending balance $ (275 ) $ 8,279 $ (130,269 ) $ (15 ) $ (122,280 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Schedule of earnings per share basic and diluted	Three Months Ended September 30, Nine Months Ended September 30, 2016 2015 2016 2015 (in thousands, except for per share data) Numerator: Net Income $ 102,454 $ 70,029 $ 233,490 $ 144,746 Denominator: Weighted average common stock shares outstanding - Basic 53,427 53,731 53,488 54,266 Assumed exercise of stock options and awards 161 396 219 458 Assumed conversion of convertible note premium — 350 8 1,618 Assumed conversion of warrants — 6,351 — 6,139 Weighted average common stock shares outstanding - Diluted 53,588 60,828 53,715 62,481 Net Income Per Share Basic $ 1.92 $ 1.30 $ 4.37 $ 2.67 Diluted $ 1.91 $ 1.15 $ 4.35 $ 2.32

Short-Term Investments (Tables)

Short-Term Investments (Tables)	9 Months Ended
	Sep. 30, 2016
Investments, Debt and Equity Securities [Abstract]
Summary of short-term investments	The following is a summary of short-term investments held as of September 30, 2016 and December 31, 2015 : Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value September 30, 2016 (in thousands) Corporate debt $ 173,122 $ 247 $ (93 ) $ 173,276 U.S. government and agency debt 63,996 76 (18 ) 64,054 Municipal bonds 21,198 — (66 ) 21,132 Other fixed income securities 29,534 1 (2 ) 29,533 Total short-term investments $ 287,850 $ 324 $ (179 ) $ 287,995 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2015 (in thousands) Corporate debt $ 167,066 $ 13 $ (481 ) $ 166,598 U.S. government and agency debt 62,376 9 (123 ) 62,262 Municipal bonds 22,865 3 (12 ) 22,856 Other fixed income securities 26,835 — (6 ) 26,829 Total short-term investments $ 279,142 $ 25 $ (622 ) $ 278,545
Schedule of contractual maturities of short-term investments	Contractual maturities of short-term investments as of September 30, 2016 are shown below. Under 1 Year 1 to 5 Years Total (in thousands) Corporate debt $ 58,812 $ 114,464 $ 173,276 U.S. government and agency debt 35,815 28,240 64,055 Municipal bonds 8,859 12,273 21,132 Other fixed income securities 28,032 1,500 29,532 Total short-term investments $ 131,518 $ 156,477 $ 287,995

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Financial assets and liabilities measured at fair value on a recurring basis	The tables below present the Company’s financial assets and liabilities measured at fair value on a recurring basis: Fair Value Measurements as of September 30, 2016 Total Level 1 Level 2 Level 3 (in thousands) Cash equivalents $ 17,296 $ 4,404 $ 12,892 $ — Cash equivalents measured at net asset value 166,780 — — — Restricted cash 5,000 5,000 — — Short-term investments 287,995 — 287,995 — Fuel derivative contracts: Crude oil call options 4,072 — 4,072 — Heating oil swaps 7,321 — 7,321 — Foreign currency derivatives 88 — 88 — Total assets measured at fair value $ 488,552 $ 9,404 $ 312,368 $ — Fuel derivative contracts: Heating oil swaps $ 712 $ — $ 712 $ — Foreign currency derivatives 18,757 — 18,757 — Total liabilities measured at fair value $ 19,469 $ — $ 19,469 $ — Fair Value Measurements as of December 31, 2015 Total Level 1 Level 2 Level 3 (in thousands) Cash equivalents $ 5,665 $ 1,648 $ 4,017 $ — Cash equivalents measured at net asset value 61,577 — — — Restricted cash 5,000 5,000 — — Short-term investments 278,545 — 278,545 — Fuel derivative contracts: Heating oil put options 1,060 — 1,060 — Foreign currency derivatives 6,550 — 6,550 — Total assets measured at fair value $ 358,397 $ 6,648 $ 290,172 $ — Fuel derivative contracts: Heating oil swaps $ 40,530 $ — $ 40,530 $ — Foreign currency derivatives 1,049 — 1,049 — Interest rate derivatives 312 — 312 — Total liabilities measured at fair value $ 41,891 $ — $ 41,891 $ —
Schedule of debt (excluding obligations under capital leases) measured at fair value	The table below presents the Company’s debt (excluding obligations under capital leases) measured at fair value: Fair Value of Debt September 30, 2016 December 31, 2015 Carrying Fair Value Carrying Fair Value Amount Total Level 1 Level 2 Level 3 Amount Total Level 1 Level 2 Level 3 (in thousands) $ 487,209 $ 490,382 $ — $ — $ 490,382 $ 677,203 $ 665,507 $ — $ 283 $ 665,224

Financial Derivative Instrume26

Financial Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2016
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of realized and unrealized gains and losses recorded as nonoperating income (expense)	The following table reflects the amount of realized and unrealized gains and losses recorded as nonoperating income (expense) in the unaudited Consolidated Statements of Operations. Three months ended September 30, Nine months ended September 30, Fuel derivative contracts 2016 2015 2016 2015 (in thousands) Losses realized at settlement $ (2,525 ) $ (13,777 ) $ (30,349 ) $ (44,921 ) Reversal of prior period unrealized amounts (7,115 ) 9,953 33,577 38,293 Unrealized gains (losses) that will settle in future periods 6,039 (21,185 ) 12,193 (22,042 ) Gains (losses) on fuel derivatives recorded as Nonoperating income (expense) $ (3,601 ) $ (25,009 ) $ 15,421 $ (28,670 )
Schedule of fair value of the asset and liability derivatives and net derivative position recorded	The following tables present the gross fair value of asset and liability derivatives that are designated as hedging instruments under ASC 815 and derivatives that are not designated as hedging instruments under ASC 815, as well as the net derivative positions and location of the asset and liability balances within the unaudited Consolidated Balance Sheets. Derivative position as of September 30, 2016 Balance Sheet Notional Amount Final Gross fair Gross fair Net (in thousands) (in thousands) Derivatives designated as hedges Foreign currency derivatives Other accrued liabilities 15,789,800 Japanese Yen September 2017 60 (14,548 ) (14,488 ) Other liabilities and deferred credits 4,376,750 Japanese Yen September 2018 14 (3,973 ) (3,959 ) Derivatives not designated as hedges Foreign currency derivatives Other accrued liabilities 561,300 Japanese Yen March 2017 14 (236 ) (222 ) Fuel derivative contracts Prepaid expenses and other 36,419 gallons September 2017 11,393 (712 ) 10,681 Derivative position as of December 31, 2015 Balance Sheet Notional Amount Final Gross fair Gross fair Net (in thousands) (in thousands) Derivatives designated as hedges Interest rate derivative Other accrued liabilities $51,000 U.S. dollars April 2023 $ — $ (70 ) $ (70 ) Other liabilities and deferred credits (1) — (242 ) (242 ) Foreign currency derivatives Prepaid expenses and other 7,594,750 Japanese Yen December 2016 6,461 (525 ) 5,936 Other liabilities and deferred credits 5,437,400 Japanese Yen December 2017 78 (493 ) (415 ) Derivatives not designated as hedges Foreign currency derivatives Prepaid expenses and other 2,762,000 Japanese Yen August 2016 11 — 11 Other liabilities and deferred credits 2,845 Australian Dollars March 2017 — (31 ) (31 ) Fuel derivative contracts Other accrued liabilities 84,067 gallons December 2016 1,060 (40,530 ) (39,470 ) (1) Represents the noncurrent portion of the $51.0 million interest rate derivative with final maturity in April 2023.
Schedule of realized and unrealized gains and losses of derivatives designated as cash flow hedges	The following table reflects the impact of cash flow hedges designated for hedge accounting treatment and their location within the unaudited Consolidated Statements of Comprehensive Income. (Gain) loss recognized in AOCI on derivatives (effective portion) (Gain) loss reclassified from AOCI (Gain) loss recognized in Three months ended September 30, Three months ended September 30, Three months ended September 30, 2016 2015 2016 2015 2016 2015 (in thousands) Foreign currency derivatives $ 4,841 $ (1,558 ) $ 1,842 $ (5,003 ) $ — $ — Interest rate derivatives — 840 — 170 — — (Gain) loss recognized in AOCI on derivatives (effective portion) (Gain) loss reclassified from AOCI (Gain) loss recognized in Nine months ended September 30, Nine months ended September 30, Nine months ended September 30, 2016 2015 2016 2015 2016 2015 (in thousands) Foreign currency derivatives $ 24,996 $ (6,295 ) $ (1,679 ) $ (13,415 ) $ — $ — Interest rate derivatives 923 778 1,383 536 — —

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Schedule of expected maturities of long-term debt	As of September 30, 2016 , the expected maturities of long-term debt for the remainder of 2016 and the next four years, and thereafter, were as follows (in thousands): Remaining months in 2016 $ 5,336 2017 48,801 2018 48,244 2019 72,927 2020 21,413 Thereafter 290,488 $ 487,209

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2016
Leases [Abstract]
Schedule of operating leases	As of September 30, 2016 , the scheduled future minimum rental payments under operating leases with non-cancellable basic terms of more than one year were as follows: Aircraft Other (in thousands) Remaining in 2016 $ 30,344 $ 1,308 2017 117,226 4,856 2018 114,477 4,787 2019 114,332 4,494 2020 94,177 4,319 Thereafter 280,320 27,949 $ 750,876 $ 47,713

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 2016
Compensation and Retirement Disclosure [Abstract]
Schedule of net periodic benefit cost	The components of net periodic benefit cost for the Company’s defined benefit and other postretirement plans included the following: Three months ended September 30, Nine months ended September 30, Components of Net Period Benefit Cost 2016 2015 2016 2015 (in thousands) Service cost $ 3,438 $ 4,006 $ 10,864 $ 12,456 Interest cost 7,518 7,454 22,682 22,232 Expected return on plan assets (4,472 ) (4,702 ) (13,416 ) (14,134 ) Recognized net actuarial loss 2,008 3,012 5,952 8,486 Net periodic benefit cost $ 8,492 $ 9,770 $ 26,082 $ 29,040

Commitments and Contingent Li30

Commitments and Contingent Liabilities (Tables)	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Schedule of firm aircraft and engine orders	As of September 30, 2016 , the Company had the following capital commitments consisting of firm aircraft and engine orders and purchase rights: Aircraft Type Firm Orders Purchase Rights Expected Delivery Dates A321neo aircraft 16 9 Between 2017 and 2020 A330-800neo aircraft 6 6 Between 2019 and 2021 Pratt & Whitney spare engines: A321neo spare engines 2 2 Between 2017 and 2018 Rolls-Royce spare engines: A330-800neo spare engines 2 2 Between 2019 and 2026
Schedule of committed capital and operating expenditures	The gross committed expenditures and committed financings for those deliveries as of September 30, 2016 are detailed below: Capital Operating Total Committed (in thousands) Remaining in 2016 $ 44,490 $ 20,421 $ 64,911 2017 232,744 77,009 309,753 2018 396,342 64,529 460,871 2019 481,376 57,025 538,401 2020 232,736 57,122 289,858 Thereafter 214,789 287,500 502,289 $ 1,602,477 $ 563,606 $ 2,166,083

Supplemental Cash Flow Inform31

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2016
Supplemental Cash Flow Information [Abstract]
Schedule of Cash Flow, Supplemental Disclosures	Non-cash investing and financing activities for the nine months ended September 30, 2016 and 2015 were as follows: Nine months ended September 30, 2016 2015 (in thousands) Investing and Financing Activities Not Affecting Cash: Property and equipment acquired through a capital lease $ 6,092 $ 2,791

Condensed Consolidating Finan32

Condensed Consolidating Financial Information (Tables)	9 Months Ended
	Sep. 30, 2016
Condensed Financial Information of Parent Company Only Disclosure [Abstract]
Schedule of Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)	Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) Three months ended September 30, 2016 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 670,115 $ 1,800 $ (78 ) $ 671,837 Operating Expenses: Aircraft fuel, including taxes and delivery — 94,818 — — 94,818 Wages and benefits — 141,410 — — 141,410 Aircraft rent — 32,891 — — 32,891 Maintenance materials and repairs — 51,354 458 — 51,812 Aircraft and passenger servicing — 33,971 — — 33,971 Commissions and other selling — 29,494 15 (29 ) 29,480 Depreciation and amortization — 26,496 999 — 27,495 Other rentals and landing fees — 28,926 — — 28,926 Purchased services 34 25,404 191 (15 ) 25,614 Other 1,348 29,807 444 (34 ) 31,565 Total 1,382 494,571 2,107 (78 ) 497,982 Operating Income (Loss) (1,382 ) 175,544 (307 ) — 173,855 Nonoperating Income (Expense): Undistributed net income of subsidiaries 103,211 — — (103,211 ) — Interest expense and amortization of debt discounts and issuance costs — (8,539 ) — — (8,539 ) Interest income 71 1,042 — — 1,113 Capitalized interest — 719 — — 719 Losses on fuel derivatives — (3,601 ) — — (3,601 ) Loss on extinguishment of debt — — — — — Other, net — 612 — — 612 Total 103,282 (9,767 ) — (103,211 ) (9,696 ) Income (Loss) Before Income Taxes 101,900 165,777 (307 ) (103,211 ) 164,159 Income tax expense (benefit) (554 ) 62,259 — — 61,705 Net Income (Loss) $ 102,454 $ 103,518 $ (307 ) $ (103,211 ) $ 102,454 Comprehensive Income (Loss) $ 101,643 $ 102,707 $ (307 ) $ (102,400 ) $ 101,643 Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) Three months ended September 30, 2015 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 630,657 $ 1,162 $ (81 ) $ 631,738 Operating Expenses: Aircraft fuel, including taxes and delivery — 105,483 — — 105,483 Wages and benefits — 125,884 — — 125,884 Aircraft rent — 29,544 — — 29,544 Maintenance materials and repairs — 56,021 175 — 56,196 Aircraft and passenger servicing — 30,284 — — 30,284 Commissions and other selling 1 30,314 15 (25 ) 30,305 Depreciation and amortization — 25,307 754 — 26,061 Other rentals and landing fees — 24,728 — — 24,728 Purchased services 32 19,417 25 (16 ) 19,458 Other 1,478 27,457 223 (40 ) 29,118 Total 1,511 474,439 1,192 (81 ) 477,061 Operating Income (Loss) (1,511 ) 156,218 (30 ) — 154,677 Nonoperating Income (Expense): Undistributed net income of subsidiaries 71,067 — — (71,067 ) — Interest expense and amortization of debt discounts and issuance costs (100 ) (13,406 ) — — (13,506 ) Interest income 53 638 — — 691 Capitalized interest — 698 — — 698 Losses on fuel derivatives — (25,009 ) — — (25,009 ) Loss on extinguishment of debt (54 ) — — — (54 ) Other, net — (4,515 ) — — (4,515 ) Total 70,966 (41,594 ) — (71,067 ) (41,695 ) Income (Loss) Before Income Taxes 69,455 114,624 (30 ) (71,067 ) 112,982 Income tax expense (benefit) (574 ) 43,527 — — 42,953 Net Income (Loss) $ 70,029 $ 71,097 $ (30 ) $ (71,067 ) $ 70,029 Comprehensive Income (Loss) $ 69,301 $ 70,369 $ (30 ) $ (70,339 ) $ 69,301 Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) Nine months ended September 30, 2016 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 1,813,410 $ 4,478 $ (281 ) $ 1,817,607 Operating Expenses: Aircraft fuel, including taxes and delivery — 248,516 — 248,516 Wages and benefits — 410,936 — 410,936 Aircraft rent — 92,345 — 92,345 Maintenance materials and repairs — 164,395 2,506 166,901 Aircraft and passenger servicing — 93,245 — 93,245 Commissions and other selling 1 93,983 52 (100 ) 93,936 Depreciation and amortization — 79,136 2,493 81,629 Other rentals and landing fees — 78,338 — 78,338 Purchased services 121 72,363 450 (45 ) 72,889 Other 4,135 89,381 899 (136 ) 94,279 Total 4,257 1,422,638 6,400 (281 ) 1,433,014 Operating Income (Loss) (4,257 ) 390,772 (1,922 ) — 384,593 Nonoperating Income (Expense): Undistributed net income of subsidiaries 235,353 — — (235,353 ) — Interest expense and amortization of debt discounts and issuance costs 117 (28,570 ) — (28,453 ) Interest income 195 2,849 — 3,044 Capitalized interest — 1,407 — 1,407 Gains on fuel derivatives — 15,421 — 15,421 Loss on extinguishment of debt — (9,993 ) — (9,993 ) Other, net — 9,884 — 9,884 Total 235,665 (9,002 ) — (235,353 ) (8,690 ) Income (Loss) Before Income Taxes 231,408 381,770 (1,922 ) (235,353 ) 375,903 Income tax expense (benefit) (2,082 ) 144,495 — — 142,413 Net Income (Loss) $ 233,490 $ 237,275 $ (1,922 ) $ (235,353 ) $ 233,490 Comprehensive Income (Loss) $ 220,209 $ 223,994 $ (1,922 ) $ (222,072 ) $ 220,209 Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) Nine months ended September 30, 2015 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 1,740,118 $ 3,503 $ (308 ) $ 1,743,313 Operating Expenses: Aircraft fuel, including taxes and delivery — 329,329 — — 329,329 Wages and benefits — 369,875 — — 369,875 Aircraft rent — 86,732 — — 86,732 Maintenance materials and repairs — 167,489 1,023 — 168,512 Aircraft and passenger servicing — 87,948 — — 87,948 Commissions and other selling 5 91,260 46 (94 ) 91,217 Depreciation and amortization — 76,529 2,248 — 78,777 Other rentals and landing fees — 70,807 — — 70,807 Purchased services 920 59,599 68 (47 ) 60,540 Other 3,827 78,018 641 (167 ) 82,319 Total 4,752 1,417,586 4,026 (308 ) 1,426,056 Operating Income (Loss) (4,752 ) 322,532 (523 ) — 317,257 Nonoperating Income (Expense): Undistributed net income of subsidiaries 153,389 — — (153,389 ) — Interest expense and amortization of debt discounts and issuance costs (1,692 ) (41,050 ) — — (42,742 ) Interest income 162 1,890 — — 2,052 Capitalized interest — 2,966 — — 2,966 Losses on fuel derivatives — (28,670 ) — — (28,670 ) Loss on extinguishment of debt (7,296 ) — — — (7,296 ) Other, net — (9,325 ) — — (9,325 ) Total 144,563 (74,189 ) — (153,389 ) (83,015 ) Income (Loss) Before Income Taxes 139,811 248,343 (523 ) (153,389 ) 234,242 Income tax expense (benefit) (4,935 ) 94,431 — — 89,496 Net Income (Loss) $ 144,746 $ 153,912 $ (523 ) $ (153,389 ) $ 144,746 Comprehensive Income (Loss) $ 145,278 $ 154,444 $ (523 ) $ (153,921 ) $ 145,278
Schedule of Condensed Consolidating Balance Sheets	Condensed Consolidating Balance Sheets September 30, 2016 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) ASSETS Current assets: Cash and cash equivalents $ 67,381 $ 330,326 $ 8,006 $ — $ 405,713 Restricted cash — 5,000 — — 5,000 Short-term investments — 287,995 — 287,995 Accounts receivable, net 61 84,980 528 (181 ) 85,388 Spare parts and supplies, net — 18,238 — — 18,238 Prepaid expenses and other 84 57,688 146 — 57,918 Total 67,526 784,227 8,680 (181 ) 860,252 Property and equipment at cost — 2,006,345 68,803 — 2,075,148 Less accumulated depreciation and amortization — (486,588 ) (7,533 ) — (494,121 ) Property and equipment, net — 1,519,757 61,270 — 1,581,027 Long-term prepayments and other — 67,468 — — 67,468 Deferred tax assets, net 28,141 — — (28,141 ) — Goodwill and other intangible assets, net — 123,655 1,734 — 125,389 Intercompany receivable — 277,511 — (277,511 ) — Investment in consolidated subsidiaries 840,109 — — (840,109 ) — TOTAL ASSETS $ 935,776 $ 2,772,618 $ 71,684 $ (1,145,942 ) $ 2,634,136 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 476 $ 106,520 $ 641 $ (181 ) $ 107,456 Air traffic liability — 512,271 3,117 — 515,388 Other accrued liabilities 2,974 147,598 276 — 150,848 Current maturities of long-term debt, less discount, and capital lease obligations — 58,349 — — 58,349 Total 3,450 824,738 4,034 (181 ) 832,041 Long-term debt and capital lease obligations — 506,328 — — 506,328 Intercompany payable 266,478 — 11,033 (277,511 ) — Other liabilities and deferred credits: 0 Accumulated pension and other postretirement benefit obligations — 363,732 — — 363,732 Other liabilities and deferred credits 164 99,680 830 100,674 Deferred tax liabilities, net — 193,818 — (28,141 ) 165,677 Total 164 657,230 830 (28,141 ) 630,083 Shareholders’ equity 665,684 784,322 55,787 (840,109 ) 665,684 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 935,776 $ 2,772,618 $ 71,684 $ (1,145,942 ) $ 2,634,136 Condensed Consolidating Balance Sheets December 31, 2015 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) ASSETS Current assets: Cash and cash equivalents $ 69,420 $ 203,406 $ 8,676 $ — $ 281,502 Restricted cash — 5,000 — — 5,000 Short-term investments — 278,545 — — 278,545 Accounts receivable, net 61 81,248 625 (211 ) 81,723 Spare parts and supplies, net — 19,164 — — 19,164 Prepaid expenses and other 7 74,948 95 — 75,050 Total 69,488 662,311 9,396 (211 ) 740,984 Property and equipment at cost — 1,927,126 58,126 — 1,985,252 Less accumulated depreciation and amortization — (427,315 ) (5,195 ) — (432,510 ) Property and equipment, net — 1,499,811 52,931 — 1,552,742 Long-term prepayments and other — 70,373 500 — 70,873 Deferred tax assets, net 26,059 — — (26,059 ) — Goodwill and other intangible assets, net — 125,323 — — 125,323 Intercompany receivable — 242,248 — (242,248 ) — Investment in consolidated subsidiaries 596,570 — — (596,570 ) — TOTAL ASSETS $ 692,117 $ 2,600,066 $ 62,827 $ (865,088 ) $ 2,489,922 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 755 $ 100,007 $ 759 $ (211 ) $ 101,310 Air traffic liability — 427,302 3,464 — 430,766 Other accrued liabilities 530 159,583 145 — 160,258 Current maturities of long-term debt, less discount, and capital lease obligations 288 74,153 — — 74,441 Total 1,573 761,045 4,368 (211 ) 766,775 Long-term debt and capital lease obligations — 677,915 — — 677,915 Intercompany payable 242,248 — — (242,248 ) — Other liabilities and deferred credits: 0 Accumulated pension and other postretirement benefit obligations — 372,700 — — 372,700 Other liabilities and deferred credits 2,234 86,861 750 — 89,845 Deferred tax liabilities, net — 162,684 — (26,059 ) 136,625 Total 2,234 622,245 750 (26,059 ) 599,170 Shareholders’ equity 446,062 538,861 57,709 (596,570 ) 446,062 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 692,117 $ 2,600,066 $ 62,827 $ (865,088 ) $ 2,489,922
Schedule of Condensed Consolidating Statements of Cash Flows	Condensed Consolidating Statements of Cash Flows Nine months ended September 30, 2016 Parent Issuer / Subsidiary Non- Eliminations Consolidated (in thousands) Net Cash Provided By (Used In) Operating Activities $ (4,036 ) $ 420,981 $ 362 $ 417,307 Cash Flows From Investing Activities: Net payments to affiliates — (27,796 ) — 27,796 — Additions to property and equipment, including pre-delivery deposits — (92,185 ) (12,065 ) (104,250 ) Proceeds from purchase assignment and leaseback transaction 31,851 31,851 Proceeds from disposition of property and equipment — — — — Purchases of investments — (217,964 ) (217,964 ) Sales of investments — 208,075 208,075 Net cash used in investing activities — (98,019 ) (12,065 ) 27,796 (82,288 ) Cash Flows From Financing Activities: Repayments of long-term debt and capital lease obligations — (205,532 ) (205,532 ) Repurchases and redemptions of convertible notes (1,426 ) — — — (1,426 ) Net payments from affiliates 16,763 11,033 (27,796 ) — Repurchases of common stock (13,763 ) — — — (13,763 ) Excess tax benefit from equity awards — 17,615 — — 17,615 Other 423 (8,125 ) — (7,702 ) Net cash provided by (used in) financing activities 1,997 (196,042 ) 11,033 (27,796 ) (210,808 ) Net increase (decrease) in cash and cash equivalents (2,039 ) 126,920 (670 ) — 124,211 Cash and cash equivalents - Beginning of Period 69,420 203,406 8,676 — 281,502 Cash and cash equivalents - End of Period $ 67,381 $ 330,326 $ 8,006 $ — $ 405,713 Condensed Consolidating Statements of Cash Flows Nine months ended September 30, 2015 Parent Issuer / Subsidiary Non- Eliminations Consolidated (in thousands) Net Cash Provided By (Used In) Operating Activities $ (3,461 ) $ 391,577 $ 1,356 $ — $ 389,472 Cash Flows From Investing Activities: Net payments to affiliates (25,000 ) (223,411 ) — 248,411 — Additions to property and equipment, including pre-delivery deposits — (81,888 ) (23,441 ) — (105,329 ) Proceeds from purchase assignment and leaseback transaction — 86,033 — — 86,033 Net proceeds from disposition of property and equipment — 3,551 55 — 3,606 Purchases of investments — (178,177 ) — — (178,177 ) Sales of investments — 170,904 — — 170,904 Net cash used in investing activities (25,000 ) (222,988 ) (23,386 ) 248,411 (22,963 ) Cash Flows From Financing Activities: Repayments of long-term debt and capital lease obligations — (74,719 ) — — (74,719 ) Repurchase of convertible notes (171,598 ) — — — (171,598 ) Net payments from affiliates 223,411 — 25,000 (248,411 ) — Repurchases of Common Stock (37,622 ) — — — (37,622 ) Other 687 (2,170 ) — — (1,483 ) Net cash provided by (used in) financing activities 14,878 (76,889 ) 25,000 (248,411 ) (285,422 ) Net increase (decrease) in cash and cash equivalents (13,583 ) 91,700 2,970 — 81,087 Cash and cash equivalents - Beginning of Period 79,532 179,676 4,879 — 264,087 Cash and cash equivalents - End of Period $ 65,949 $ 271,376 $ 7,849 $ — $ 345,174

Significant Accounting Polici33

Significant Accounting Policies Narrative (Details) - Accounting Standards Update 2015-03 $ in Millions	Dec. 31, 2015USD ($)
Long-term debt
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unamortized debt issuance costs	$ 19.8
Long-term prepayments and other
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Unamortized debt issuance costs	$ (19.8)

Accumulated Other Comprehensi34

Accumulated Other Comprehensive Income (Loss) - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Amounts reclassified from AOCI
Foreign currency derivative losses (gains)	$ (591,496)	$ (556,929)	$ (1,592,095)	$ (1,525,461)
Total before tax	(164,159)	(112,982)	(375,903)	(234,242)
Tax expense	61,705	42,953	142,413	89,496
Total, net of tax	(102,454)	(70,029)	(233,490)	(144,746)
Total reclassifications for the period	2,354	(1,114)	3,161	(2,750)
Gains on derivatives designated as hedging instruments | Foreign currency derivative losses (gains)
Amounts reclassified from AOCI
Total reclassifications for the period	1,141	(3,111)	(1,050)	(8,341)
Gains on derivatives designated as hedging instruments | Interest rate derivative losses, net
Amounts reclassified from AOCI
Total reclassifications for the period		104	587	328
Gains on derivatives designated as hedging instruments | Amount reclassified from accumulated other comprehensive loss
Amounts reclassified from AOCI
Total before tax	1,842	(4,833)	(735)	(12,879)
Tax expense	(701)	1,826	272	4,866
Total, net of tax	1,141	(3,007)	(463)	(8,013)
Gains on derivatives designated as hedging instruments | Amount reclassified from accumulated other comprehensive loss | Foreign currency derivative losses (gains)
Amounts reclassified from AOCI
Foreign currency derivative losses (gains)	1,842	(5,003)	(1,679)	(13,415)
Gains on derivatives designated as hedging instruments | Amount reclassified from accumulated other comprehensive loss | Interest rate derivative losses, net
Amounts reclassified from AOCI
Interest rate derivative losses, net	0	170	944	536
Actuarial loss
Amounts reclassified from AOCI
Amortization of defined benefit plan items	1,950	2,955	5,780	8,315
Prior service cost
Amounts reclassified from AOCI
Amortization of defined benefit plan items	57	57	171	171
Defined benefit pension
Amounts reclassified from AOCI
Amortization of defined benefit plan items	2,007	3,012	5,951	8,486
Tax benefit	(714)	(1,118)	(2,207)	(3,194)
Total reclassifications for the period	1,293	1,894	3,744	5,292
Short-Term Investments
Amounts reclassified from AOCI
Total reclassifications for the period	(80)	(1)	(120)	(29)
Short-Term Investments | Amount reclassified from accumulated other comprehensive loss
Amounts reclassified from AOCI
Realized gain on sales of investments, net	(129)	(1)	(189)	(36)
Total before tax	(129)	(1)	(189)	(36)
Tax expense	49	0	69	7
Total, net of tax	$ (80)	$ (1)	$ (120)	$ (29)

Accumulated Other Comprehensi35

Accumulated Other Comprehensive Income (Loss) - Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Rollforward of Accumulated other comprehensive income (loss)
Beginning balance			$ 446,062
Other comprehensive income (loss) before reclassifications, net of tax	$ (3,165)	$ 386	(16,442)	$ 3,282
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	2,354	(1,114)	3,161	(2,750)
Net current-period other comprehensive income (loss)	(811)	(728)	(13,281)	532
Ending balance	665,684		665,684
Accumulated net gain (loss) from cash flow hedges | Interest Rate Derivatives
Rollforward of Accumulated other comprehensive income (loss)
Beginning balance		262	81	254
Other comprehensive income (loss) before reclassifications, net of tax		(641)	(668)	(857)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax		104	587	328
Net current-period other comprehensive income (loss)	0	(537)	(81)	(529)
Ending balance		(275)		(275)
Accumulated net gain (loss) from cash flow hedges | Foreign Currency Derivatives
Rollforward of Accumulated other comprehensive income (loss)
Beginning balance	(10,348)	10,423	4,879	12,708
Other comprehensive income (loss) before reclassifications, net of tax	(2,999)	967	(16,035)	3,912
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	1,141	(3,111)	(1,050)	(8,341)
Net current-period other comprehensive income (loss)	(1,858)	(2,144)	(17,085)	(4,429)
Ending balance	(12,206)	8,279	(12,206)	8,279
Defined Benefit Pension Items
Rollforward of Accumulated other comprehensive income (loss)
Beginning balance	(101,710)	(132,163)	(103,865)	(135,520)
Other comprehensive income (loss) before reclassifications, net of tax	0	0	(296)	(41)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	1,293	1,894	3,744	5,292
Net current-period other comprehensive income (loss)	1,293	1,894	3,448	5,251
Ending balance	(100,417)	(130,269)	(100,417)	(130,269)
Short-Term Investments
Rollforward of Accumulated other comprehensive income (loss)
Beginning balance	311	(74)	(372)	(254)
Other comprehensive income (loss) before reclassifications, net of tax	(166)	60	557	268
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(80)	(1)	(120)	(29)
Net current-period other comprehensive income (loss)	(246)	59	437	239
Ending balance	65	(15)	65	(15)
Total
Rollforward of Accumulated other comprehensive income (loss)
Beginning balance	(111,747)	(121,552)	(99,277)	(122,812)
Ending balance	$ (112,558)	$ (122,280)	$ (112,558)	$ (122,280)

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Potential Dilution (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Numerator:
Net Income	$ 102,454	$ 70,029	$ 233,490	$ 144,746
Denominator:
Weighted average common stock shares outstanding - Basic (in shares)	53,427	53,731	53,488	54,266
Assumed exercise of stock options and awards (in shares)	161	396	219	458
Assumed conversion of convertible note premium (in shares)	0	350	8	1,618
Assumed conversion of warrants (in shares)	0	6,351	0	6,139
Weighted average common stock shares outstanding - Diluted (in shares)	53,588	60,828	53,715	62,481
Net Income Per Share
Basic (in dollars per share)	$ 1.92	$ 1.30	$ 4.37	$ 2.67
Diluted (in dollars per share)	$ 1.91	$ 1.15	$ 4.35	$ 2.32

Earnings Per Share - Share Repu

Earnings Per Share - Share Repurchase Program (Details) - USD ($) shares in Thousands	1 Months Ended	3 Months Ended	9 Months Ended
	Apr. 30, 2015	Sep. 30, 2016	Sep. 30, 2016
Equity, Class of Treasury Stock [Line Items]
Approved stock repurchase amount	$ 100,000,000
Period of approved stock repurchase program	2 years
Remaining authorized repurchase amount		$ 46,100,000	$ 46,100,000
Common Stock
Equity, Class of Treasury Stock [Line Items]
Stock repurchased		$ 3,700,000	$ 13,800,000
Shares repurchased (in shares)		98	379

Short-Term Investments (Details

Short-Term Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Schedule of Available-for-Sale Securities [Line Items]
Amortized Cost	$ 287,850	$ 279,142
Gross Unrealized Gains	324	25
Gross Unrealized Losses	(179)	(622)
Fair Value	287,995	278,545
Contractual Maturities
Under 1 Year	131,518
1 to 5 Years	156,477
Total	287,995
Corporate debt
Schedule of Available-for-Sale Securities [Line Items]
Amortized Cost	173,122	167,066
Gross Unrealized Gains	247	13
Gross Unrealized Losses	(93)	(481)
Fair Value	173,276	166,598
Contractual Maturities
Under 1 Year	58,812
1 to 5 Years	114,464
Total	173,276
U.S. government and agency debt
Schedule of Available-for-Sale Securities [Line Items]
Amortized Cost	63,996	62,376
Gross Unrealized Gains	76	9
Gross Unrealized Losses	(18)	(123)
Fair Value	64,054	62,262
Contractual Maturities
Under 1 Year	35,815
1 to 5 Years	28,240
Total	64,055
Municipal bonds
Schedule of Available-for-Sale Securities [Line Items]
Amortized Cost	21,198	22,865
Gross Unrealized Gains	0	3
Gross Unrealized Losses	(66)	(12)
Fair Value	21,132	22,856
Contractual Maturities
Under 1 Year	8,859
1 to 5 Years	12,273
Total	21,132
Other fixed income securities
Schedule of Available-for-Sale Securities [Line Items]
Amortized Cost	29,534	26,835
Gross Unrealized Gains	1	0
Gross Unrealized Losses	(2)	(6)
Fair Value	29,533	$ 26,829
Contractual Maturities
Under 1 Year	28,032
1 to 5 Years	1,500
Total	$ 29,532

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Assets and Liabilities, Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Fair Value Measurements
Short-term investments	$ 287,995	$ 278,545
Recurring basis
Fair Value Measurements
Cash equivalents	17,296	5,665
Cash equivalents measured at net asset value	166,780	61,577
Restricted cash	5,000	5,000
Short-term investments	287,995	278,545
Total assets measured at fair value	488,552	358,397
Total liabilities measured at fair value	19,469	41,891
Recurring basis | Crude oil call options
Fair Value Measurements
Derivative contracts	4,072
Recurring basis | Heating oil swaps
Fair Value Measurements
Derivative contracts	7,321
Recurring basis | Fuel derivative contracts
Fair Value Measurements
Derivative contracts		1,060
Derivative contracts	712	40,530
Recurring basis | Foreign Currency Derivatives
Fair Value Measurements
Derivative contracts	88	6,550
Derivative contracts	18,757	1,049
Recurring basis | Interest Rate Derivatives
Fair Value Measurements
Derivative contracts		312
Recurring basis | Level 1
Fair Value Measurements
Cash equivalents	4,404	1,648
Restricted cash	5,000	5,000
Total assets measured at fair value	9,404	6,648
Recurring basis | Level 2
Fair Value Measurements
Cash equivalents	12,892	4,017
Short-term investments	287,995	278,545
Total assets measured at fair value	312,368	290,172
Total liabilities measured at fair value	19,469	41,891
Recurring basis | Level 2 | Crude oil call options
Fair Value Measurements
Derivative contracts	4,072
Recurring basis | Level 2 | Heating oil swaps
Fair Value Measurements
Derivative contracts	7,321
Recurring basis | Level 2 | Fuel derivative contracts
Fair Value Measurements
Derivative contracts		1,060
Derivative contracts	712	40,530
Recurring basis | Level 2 | Foreign Currency Derivatives
Fair Value Measurements
Derivative contracts	88	6,550
Derivative contracts	$ 18,757	1,049
Recurring basis | Level 2 | Interest Rate Derivatives
Fair Value Measurements
Derivative contracts		$ 312

Fair Value Measurements - Sch40

Fair Value Measurements - Schedule of Certain Debt (Details) - Recurring basis - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Fair Value Measurements
Carrying value of debt	$ 487,209	$ 677,203
Fair value of debt	490,382	665,507
Level 2
Fair Value Measurements
Fair value of debt		283
Level 3
Fair Value Measurements
Fair value of debt	$ 490,382	$ 665,224

Financial Derivative Instrume41

Financial Derivative Instruments - Risk Management (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Derivative instrument
Gains (losses) on fuel derivatives recorded as Nonoperating income (expense)	$ (3,601)	$ (25,009)	$ 15,421	$ (28,670)
Derivatives not designated as hedges | Fuel derivative contracts
Derivative instrument
Losses realized at settlement	(2,525)	(13,777)	(30,349)	(44,921)
Reversal of prior period unrealized amounts	(7,115)	9,953	33,577	38,293
Unrealized gains (losses) that will settle in future periods	6,039	(21,185)	12,193	(22,042)
Gains (losses) on fuel derivatives recorded as Nonoperating income (expense)	$ (3,601)	$ (25,009)	15,421	$ (28,670)
Derivatives designated as hedges | Foreign Currency Derivatives
Derivative instrument
Accumulated other comprehensive income (loss) expected to be reclassified to earnings in the next 12 months			$ (14,000)
Reclassification estimated time period			12 months

Financial Derivative Instrume42

Financial Derivative Instruments - Derivative Position (Details) ¥ in Thousands, gal in Thousands, AUD in Thousands, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016JPY (¥)gal	Dec. 31, 2015JPY (¥)gal	Sep. 30, 2016AUD	Sep. 30, 2016USD ($)	Dec. 31, 2015AUD	Dec. 31, 2015USD ($)
Derivatives designated as hedges | Interest Rate Derivatives
Fair Value of Derivatives
Notional Amount						$ 51,000
Derivatives designated as hedges | Interest Rate Derivatives | Other accrued liabilities
Fair Value of Derivatives
Notional Amount						51,000
Gross fair value of assets, current						0
Gross fair value of liabilities, current						(70)
Net derivative position						(70)
Derivatives designated as hedges | Interest Rate Derivatives | Other liabilities and deferred credits
Fair Value of Derivatives
Gross fair value of assets, noncurrent						0
Gross fair value of liabilities, noncurrent						(242)
Net derivative position						(242)
Derivatives designated as hedges | Foreign Currency Derivatives | Other accrued liabilities
Fair Value of Derivatives
Notional Amount	¥ 15,789,800		AUD 41,423
Gross fair value of assets, current				$ 60
Gross fair value of liabilities, current				(14,548)
Net derivative position				(14,488)
Derivatives designated as hedges | Foreign Currency Derivatives | Other liabilities and deferred credits
Fair Value of Derivatives
Notional Amount	4,376,750	¥ 5,437,400	7,552		AUD 8,730
Gross fair value of assets, noncurrent				14		78
Gross fair value of liabilities, noncurrent				(3,973)		(493)
Net derivative position				(3,959)		(415)
Derivatives designated as hedges | Foreign Currency Derivatives | Prepaid expenses and other
Fair Value of Derivatives
Notional Amount		7,594,750			44,917
Gross fair value of assets, current						6,461
Gross fair value of liabilities, current						(525)
Net derivative position						5,936
Derivatives not designated as hedges | Foreign Currency Derivatives | Other accrued liabilities
Fair Value of Derivatives
Notional Amount	¥ 561,300		AUD 5,437
Gross fair value of assets, current				14
Gross fair value of liabilities, current				(236)
Net derivative position				(222)
Derivatives not designated as hedges | Foreign Currency Derivatives | Other liabilities and deferred credits
Fair Value of Derivatives
Notional Amount | AUD					2,845
Gross fair value of assets, noncurrent						0
Gross fair value of liabilities, noncurrent						(31)
Net derivative position						(31)
Derivatives not designated as hedges | Foreign Currency Derivatives | Prepaid expenses and other
Fair Value of Derivatives
Notional Amount		¥ 2,762,000			AUD 3,303
Gross fair value of assets, current						11
Gross fair value of liabilities, current						0
Net derivative position						11
Derivatives not designated as hedges | Fuel derivative contracts | Other accrued liabilities
Fair Value of Derivatives
Notional Amount (in gallons) | gal		84,067
Gross fair value of assets, current						1,060
Gross fair value of liabilities, current						(40,530)
Net derivative position						$ (39,470)
Derivatives not designated as hedges | Fuel derivative contracts | Prepaid expenses and other
Fair Value of Derivatives
Notional Amount (in gallons) | gal	36,419
Gross fair value of assets, current				11,393
Gross fair value of liabilities, current				(712)
Net derivative position				$ 10,681

Financial Derivative Instrume43

Financial Derivative Instruments - Impact of Cash Flow Hedges (Details) - Cash Flow Hedging - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Foreign Currency Derivatives
Gains (losses) for designated hedge contracts
(Gain) loss recognized in AOCI on derivatives (effective portion)	$ 4,841	$ (1,558)	$ 24,996	$ (6,295)
(Gain) loss reclassified from AOCI into income (effective portion)	1,842	(5,003)	(1,679)	(13,415)
(Gain) loss recognized in nonoperating (income) expense (ineffective portion)	0	0	0	0
Interest Rate Derivatives
Gains (losses) for designated hedge contracts
(Gain) loss recognized in AOCI on derivatives (effective portion)	0	840	923	778
(Gain) loss reclassified from AOCI into income (effective portion)	0	170	1,383	536
(Gain) loss recognized in nonoperating (income) expense (ineffective portion)	$ 0	$ 0	$ 0	$ 0

Financial Derivative Instrume44

Financial Derivative Instruments - Risk and Collateral (Details) - USD ($)	Sep. 30, 2016	Dec. 31, 2015
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Collateral posted with counterparties	$ 0	$ 0

Debt - Schedule of Maturities (

Debt - Schedule of Maturities (Details) $ in Thousands	Sep. 30, 2016USD ($)
Debt Disclosure [Abstract]
Remaining months in 2016	$ 5,336
2,017	48,801
2,018	48,244
2,019	72,927
2,020	21,413
Thereafter	290,488
Long-term Debt, Gross	$ 487,209

Debt - Narrative (Details)

Debt - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Debt Instrument [Line Items]
Loss on extinguishment of debt	$ 0	$ (54)	$ (9,993)	$ (7,296)
5% convertible notes, due in 2016
Debt Instrument [Line Items]
Extinguishment of debt			$ 140,500

Leases (Details)

Leases (Details) $ in Thousands	Sep. 30, 2016USD ($)
Aircraft
Operating Leased Assets [Line Items]
Remaining in 2016	$ 30,344
2,017	117,226
2,018	114,477
2,019	114,332
2,020	94,177
Thereafter	280,320
Total future minimum rental payments	750,876
Other
Operating Leased Assets [Line Items]
Remaining in 2016	1,308
2,017	4,856
2,018	4,787
2,019	4,494
2,020	4,319
Thereafter	27,949
Total future minimum rental payments	$ 47,713

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Components of Net Periodic Benefit Cost
Service cost	$ 3,438	$ 4,006	$ 10,864	$ 12,456
Interest cost	7,518	7,454	22,682	22,232
Expected return on plan assets	(4,472)	(4,702)	(13,416)	(14,134)
Recognized net actuarial loss	2,008	3,012	5,952	8,486
Net periodic benefit cost	8,492	9,770	26,082	29,040
Employer contribution	15,600	$ 3,200	26,900	$ 16,700
Contributions above minimum funding requirements	$ 21,200		$ 21,200

Commitments and Contingent Li49

Commitments and Contingent Liabilities - Capital Commitments and Operating Expenditures (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)orderpurchase_right
Total Committed Expenditures
Remaining in 2016	$ 64,911
2,017	309,753
2,018	460,871
2,019	538,401
2,020	289,858
Thereafter	502,289
Total	2,166,083
Capital
Total Committed Expenditures
Remaining in 2016	44,490
2,017	232,744
2,018	396,342
2,019	481,376
2,020	232,736
Thereafter	214,789
Total	$ 1,602,477
Capital | A321neo aircraft
Long-term Purchase Commitment [Line Items]
Number of firm aircraft orders | order	16
Number of aircraft purchase rights | purchase_right	9
Capital | A321neo aircraft | Pratt & Whitney spare engines
Long-term Purchase Commitment [Line Items]
Firm orders, number of spare engines | order	2
Number of spare engine purchase rights | purchase_right	2
Capital | A330-800neo aircraft
Long-term Purchase Commitment [Line Items]
Number of firm aircraft orders | order	6
Number of aircraft purchase rights | purchase_right	6
Capital | A330-800neo aircraft | Rolls-Royce spare engines
Long-term Purchase Commitment [Line Items]
Firm orders, number of spare engines | order	2
Number of spare engine purchase rights | purchase_right	2
Operating
Total Committed Expenditures
Remaining in 2016	$ 20,421
2,017	77,009
2,018	64,529
2,019	57,025
2,020	57,122
Thereafter	287,500
Total	$ 563,606

Commitments and Contingent Li50

Commitments and Contingent Liabilities - Narrative (Details) - Credit Card Processing Agreements - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Long-term Purchase Commitment [Line Items]
Restricted cash	$ 5	$ 5
Maximum limit of holdback (up to)	100.00%

Supplemental Cash Flow Inform51

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Supplemental Cash Flow Information [Abstract]
Property and equipment acquired through a capital lease	$ 6,092	$ 2,791

Condensed Consolidating Finan52

Condensed Consolidating Financial Information - Narrative and Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016USD ($)pass_through_trust	Sep. 30, 2015USD ($)	Sep. 30, 2016USD ($)pass_through_trust	Sep. 30, 2015USD ($)
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
Operating Revenue	$ 671,837	$ 631,738	$ 1,817,607	$ 1,743,313
Operating Expenses:
Aircraft fuel, including taxes and delivery	94,818	105,483	248,516	329,329
Wages and benefits	141,410	125,884	410,936	369,875
Aircraft rent	32,891	29,544	92,345	86,732
Maintenance, materials and repairs	51,812	56,196	166,901	168,512
Aircraft and passenger servicing	33,971	30,284	93,245	87,948
Commissions and other selling	29,480	30,305	93,936	91,217
Depreciation and amortization	27,495	26,061	81,629	78,777
Other rentals and landing fees	28,926	24,728	78,338	70,807
Purchased services	25,614	19,458	72,889	60,540
Other	31,565	29,118	94,279	82,319
Total	497,982	477,061	1,433,014	1,426,056
Operating Income	173,855	154,677	384,593	317,257
Nonoperating Income (Expense):
Interest expense and amortization of debt discounts and issuance costs	(8,539)	(13,506)	(28,453)	(42,742)
Interest income	1,113	691	3,044	2,052
Capitalized interest	719	698	1,407	2,966
Gains (losses) on fuel derivatives	(3,601)	(25,009)	15,421	(28,670)
Loss on extinguishment of debt	0	(54)	(9,993)	(7,296)
Other, net	612	(4,515)	9,884	(9,325)
Total	(9,696)	(41,695)	(8,690)	(83,015)
Income Before Income Taxes	164,159	112,982	375,903	234,242
Income tax expense	61,705	42,953	142,413	89,496
Net Income	102,454	70,029	233,490	144,746
Comprehensive Income (Loss)	101,643	69,301	220,209	145,278
Eliminations
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
Operating Revenue	(78)	(81)	(281)	(308)
Operating Expenses:
Commissions and other selling	(29)	(25)	(100)	(94)
Purchased services	(15)	(16)	(45)	(47)
Other	(34)	(40)	(136)	(167)
Total	(78)	(81)	(281)	(308)
Operating Income	0	0	0	0
Nonoperating Income (Expense):
Undistributed net income of subsidiaries	(103,211)	(71,067)	(235,353)	(153,389)
Total	(103,211)	(71,067)	(235,353)	(153,389)
Income Before Income Taxes	(103,211)	(71,067)	(235,353)	(153,389)
Net Income	(103,211)	(71,067)	(235,353)	(153,389)
Comprehensive Income (Loss)	(102,400)	(70,339)	(222,072)	(153,921)
Parent Issuer / Guarantor
Operating Expenses:
Commissions and other selling		1	1	5
Purchased services	34	32	121	920
Other	1,348	1,478	4,135	3,827
Total	1,382	1,511	4,257	4,752
Operating Income	(1,382)	(1,511)	(4,257)	(4,752)
Nonoperating Income (Expense):
Undistributed net income of subsidiaries	103,211	71,067	235,353	153,389
Interest expense and amortization of debt discounts and issuance costs		(100)	117	(1,692)
Interest income	71	53	195	162
Loss on extinguishment of debt		(54)		(7,296)
Total	103,282	70,966	235,665	144,563
Income Before Income Taxes	101,900	69,455	231,408	139,811
Income tax expense	(554)	(574)	(2,082)	(4,935)
Net Income	102,454	70,029	233,490	144,746
Comprehensive Income (Loss)	$ 101,643	69,301	$ 220,209	145,278
Subsidiary Issuer / Guarantor
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
Number of pass-through trusts | pass_through_trust	2		2
Operating Revenue	$ 670,115	630,657	$ 1,813,410	1,740,118
Operating Expenses:
Aircraft fuel, including taxes and delivery	94,818	105,483	248,516	329,329
Wages and benefits	141,410	125,884	410,936	369,875
Aircraft rent	32,891	29,544	92,345	86,732
Maintenance, materials and repairs	51,354	56,021	164,395	167,489
Aircraft and passenger servicing	33,971	30,284	93,245	87,948
Commissions and other selling	29,494	30,314	93,983	91,260
Depreciation and amortization	26,496	25,307	79,136	76,529
Other rentals and landing fees	28,926	24,728	78,338	70,807
Purchased services	25,404	19,417	72,363	59,599
Other	29,807	27,457	89,381	78,018
Total	494,571	474,439	1,422,638	1,417,586
Operating Income	175,544	156,218	390,772	322,532
Nonoperating Income (Expense):
Interest expense and amortization of debt discounts and issuance costs	(8,539)	(13,406)	(28,570)	(41,050)
Interest income	1,042	638	2,849	1,890
Capitalized interest	719	698	1,407	2,966
Gains (losses) on fuel derivatives	(3,601)	(25,009)	15,421	(28,670)
Loss on extinguishment of debt	0		(9,993)
Other, net	612	(4,515)	9,884	(9,325)
Total	(9,767)	(41,594)	(9,002)	(74,189)
Income Before Income Taxes	165,777	114,624	381,770	248,343
Income tax expense	62,259	43,527	144,495	94,431
Net Income	103,518	71,097	237,275	153,912
Comprehensive Income (Loss)	102,707	70,369	223,994	154,444
Non-Guarantor Subsidiaries
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
Operating Revenue	1,800	1,162	4,478	3,503
Operating Expenses:
Maintenance, materials and repairs	458	175	2,506	1,023
Commissions and other selling	15	15	52	46
Depreciation and amortization	999	754	2,493	2,248
Purchased services	191	25	450	68
Other	444	223	899	641
Total	2,107	1,192	6,400	4,026
Operating Income	(307)	(30)	(1,922)	(523)
Nonoperating Income (Expense):
Total	0	0	0	0
Income Before Income Taxes	(307)	(30)	(1,922)	(523)
Net Income	(307)	(30)	(1,922)	(523)
Comprehensive Income (Loss)	$ (307)	$ (30)	$ (1,922)	$ (523)

Condensed Consolidating Finan53

Condensed Consolidating Financial Information - Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 405,713	$ 281,502	$ 345,174	$ 264,087
Restricted cash	5,000	5,000
Short-term investments	287,995	278,545
Accounts receivable, net	85,388	81,723
Spare parts and supplies, net	18,238	19,164
Prepaid expenses and other	57,918	75,050
Total	860,252	740,984
Property and equipment at cost	2,075,148	1,985,252
Less accumulated depreciation and amortization	(494,121)	(432,510)
Property and equipment, net	1,581,027	1,552,742
Long-term prepayments and other	67,468	70,873
Goodwill and other intangible assets, net	125,389	125,323
Total Assets	2,634,136	2,489,922
Current liabilities:
Accounts payable	107,456	101,310
Air traffic liability	515,388	430,766
Other accrued liabilities	150,848	160,258
Current maturities of long-term debt, less discount, and capital lease obligations	58,349	74,441
Total	832,041	766,775
Long-term debt and capital lease obligations	506,328	677,915
Other liabilities and deferred credits:
Accumulated pension and other postretirement benefit obligations	363,732	372,700
Other liabilities and deferred credits	100,674	89,845
Deferred tax liabilities, net	165,677	136,625
Total	630,083	599,170
Shareholders’ equity	665,684	446,062
Total Liabilities and Shareholders’ Equity	2,634,136	2,489,922
Eliminations
Current assets:
Cash and cash equivalents	0		0
Accounts receivable, net	(181)	(211)
Total	(181)	(211)
Deferred tax assets, net	(28,141)	(26,059)
Intercompany receivable	(277,511)	(242,248)
Investment in consolidated subsidiaries	(840,109)	(596,570)
Total Assets	(1,145,942)	(865,088)
Current liabilities:
Accounts payable	(181)	(211)
Total	(181)	(211)
Intercompany payable	(277,511)	(242,248)
Other liabilities and deferred credits:
Deferred tax liabilities, net	(28,141)	(26,059)
Total	(28,141)	(26,059)
Shareholders’ equity	(840,109)	(596,570)
Total Liabilities and Shareholders’ Equity	(1,145,942)	(865,088)
Parent Issuer / Guarantor
Current assets:
Cash and cash equivalents	67,381	69,420	65,949	79,532
Accounts receivable, net	61	61
Prepaid expenses and other	84	7
Total	67,526	69,488
Deferred tax assets, net	28,141	26,059
Investment in consolidated subsidiaries	840,109	596,570
Total Assets	935,776	692,117
Current liabilities:
Accounts payable	476	755
Other accrued liabilities	2,974	530
Current maturities of long-term debt, less discount, and capital lease obligations		288
Total	3,450	1,573
Intercompany payable	266,478	242,248
Other liabilities and deferred credits:
Other liabilities and deferred credits	164	2,234
Total	164	2,234
Shareholders’ equity	665,684	446,062
Total Liabilities and Shareholders’ Equity	935,776	692,117
Subsidiary Issuer / Guarantor
Current assets:
Cash and cash equivalents	330,326	203,406	271,376	179,676
Restricted cash	5,000	5,000
Short-term investments	287,995	278,545
Accounts receivable, net	84,980	81,248
Spare parts and supplies, net	18,238	19,164
Prepaid expenses and other	57,688	74,948
Total	784,227	662,311
Property and equipment at cost	2,006,345	1,927,126
Less accumulated depreciation and amortization	(486,588)	(427,315)
Property and equipment, net	1,519,757	1,499,811
Long-term prepayments and other	67,468	70,373
Goodwill and other intangible assets, net	123,655	125,323
Intercompany receivable	277,511	242,248
Total Assets	2,772,618	2,600,066
Current liabilities:
Accounts payable	106,520	100,007
Air traffic liability	512,271	427,302
Other accrued liabilities	147,598	159,583
Current maturities of long-term debt, less discount, and capital lease obligations	58,349	74,153
Total	824,738	761,045
Long-term debt and capital lease obligations	506,328	677,915
Other liabilities and deferred credits:
Accumulated pension and other postretirement benefit obligations	363,732	372,700
Other liabilities and deferred credits	99,680	86,861
Deferred tax liabilities, net	193,818	162,684
Total	657,230	622,245
Shareholders’ equity	784,322	538,861
Total Liabilities and Shareholders’ Equity	2,772,618	2,600,066
Non-Guarantor Subsidiaries
Current assets:
Cash and cash equivalents	8,006	8,676	$ 7,849	$ 4,879
Accounts receivable, net	528	625
Prepaid expenses and other	146	95
Total	8,680	9,396
Property and equipment at cost	68,803	58,126
Less accumulated depreciation and amortization	(7,533)	(5,195)
Property and equipment, net	61,270	52,931
Long-term prepayments and other		500
Goodwill and other intangible assets, net	1,734
Total Assets	71,684	62,827
Current liabilities:
Accounts payable	641	759
Air traffic liability	3,117	3,464
Other accrued liabilities	276	145
Total	4,034	4,368
Intercompany payable	11,033
Other liabilities and deferred credits:
Other liabilities and deferred credits	830	750
Total	830	750
Shareholders’ equity	55,787	57,709
Total Liabilities and Shareholders’ Equity	$ 71,684	$ 62,827

Condensed Consolidating Finan54

Condensed Consolidating Financial Information - Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Condensed Consolidating Statements of Cash Flows
Net cash provided by Operating Activities	$ 417,307	$ 389,472
Cash Flows From Investing Activities:
Additions to property and equipment, including pre-delivery deposits	(104,250)	(105,329)
Proceeds from purchase assignment and leaseback transactions	31,851	86,033
Proceeds from disposition of property and equipment	0	3,606
Purchases of investments	(217,964)	(178,177)
Sales of investments	208,075	170,904
Net cash used in investing activities	(82,288)	(22,963)
Cash Flows From Financing Activities:
Repayments of long-term debt and capital lease obligations	(205,532)	(74,719)
Repurchases and redemptions of convertible notes	(1,426)	(171,598)
Repurchases of common stock	(13,763)	(37,622)
Excess tax benefit from equity awards	17,615	0
Other	(7,702)	(1,483)
Net cash used in financing activities	(210,808)	(285,422)
Net increase in cash and cash equivalents	124,211	81,087
Cash and cash equivalents - Beginning of Period	281,502	264,087
Cash and cash equivalents - End of Period	405,713	345,174
Eliminations
Cash Flows From Investing Activities:
Net payments to affiliates	27,796	248,411
Net cash used in investing activities	27,796	248,411
Cash Flows From Financing Activities:
Net payments from affiliates	(27,796)	(248,411)
Net cash used in financing activities	(27,796)	(248,411)
Cash and cash equivalents - End of Period	0	0
Parent Issuer / Guarantor
Condensed Consolidating Statements of Cash Flows
Net cash provided by Operating Activities	(4,036)	(3,461)
Cash Flows From Investing Activities:
Net payments to affiliates		(25,000)
Net cash used in investing activities	0	(25,000)
Cash Flows From Financing Activities:
Repurchases and redemptions of convertible notes	(1,426)	(171,598)
Net payments from affiliates	16,763	223,411
Repurchases of common stock	(13,763)	(37,622)
Other	423	687
Net cash used in financing activities	1,997	14,878
Net increase in cash and cash equivalents	(2,039)	(13,583)
Cash and cash equivalents - Beginning of Period	69,420	79,532
Cash and cash equivalents - End of Period	67,381	65,949
Subsidiary Issuer / Guarantor
Condensed Consolidating Statements of Cash Flows
Net cash provided by Operating Activities	420,981	391,577
Cash Flows From Investing Activities:
Net payments to affiliates	(27,796)	(223,411)
Additions to property and equipment, including pre-delivery deposits	(92,185)	(81,888)
Proceeds from purchase assignment and leaseback transactions	31,851	86,033
Proceeds from disposition of property and equipment	0	3,551
Purchases of investments	(217,964)	(178,177)
Sales of investments	208,075	170,904
Net cash used in investing activities	(98,019)	(222,988)
Cash Flows From Financing Activities:
Repayments of long-term debt and capital lease obligations	(205,532)	(74,719)
Excess tax benefit from equity awards	17,615
Other	(8,125)	(2,170)
Net cash used in financing activities	(196,042)	(76,889)
Net increase in cash and cash equivalents	126,920	91,700
Cash and cash equivalents - Beginning of Period	203,406	179,676
Cash and cash equivalents - End of Period	330,326	271,376
Non-Guarantor Subsidiaries
Condensed Consolidating Statements of Cash Flows
Net cash provided by Operating Activities	362	1,356
Cash Flows From Investing Activities:
Additions to property and equipment, including pre-delivery deposits	(12,065)	(23,441)
Proceeds from disposition of property and equipment	0	55
Net cash used in investing activities	(12,065)	(23,386)
Cash Flows From Financing Activities:
Net payments from affiliates	11,033	25,000
Net cash used in financing activities	11,033	25,000
Net increase in cash and cash equivalents	(670)	2,970
Cash and cash equivalents - Beginning of Period	8,676	4,879
Cash and cash equivalents - End of Period	$ 8,006	$ 7,849