Hawaiian (HA) 10-Q 24 Apr 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 19, 2019
Document and Entity Information
Entity Registrant Name	HAWAIIAN HOLDINGS INC
Entity Central Index Key	0001172222
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	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		48,044,924
Entity Emerging Growth Company	false
Entity Small Business	false

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating Revenue:
Operating Revenue	$ 656,751	$ 665,412
Operating Expenses:
Wages and benefits	175,065	168,709
Aircraft fuel, including taxes and delivery	126,104	133,446
Maintenance, materials and repairs	63,045	58,141
Aircraft and passenger servicing	38,900	36,518
Depreciation and amortization	38,151	32,245
Aircraft rent	30,396	31,900
Commissions and other selling	30,836	31,925
Other rentals and landing fees	31,046	30,815
Purchased services	32,453	31,121
Contract terminations expense	0	35,322
Other	38,079	39,005
Total	604,075	629,147
Operating Income (Loss)	52,676	36,265
Nonoperating Income (Expense):
Interest expense and amortization of debt discounts and issuance costs	(7,530)	(8,555)
Gains (losses) on fuel derivatives	570	4,617
Interest income	2,983	1,474
Capitalized interest	1,285	2,238
Other, net	(1,025)	1,056
Total	(3,717)	830
Income Before Income Taxes	48,959	37,095
Income tax expense	12,601	8,553
Net Income	$ 36,358	$ 28,542
Net Income Per Common Stock Share:
Basic (in dollars per share)	$ 0.75	$ 0.56
Diluted (in dollars per share)	$ 0.75	$ 0.56
Weighted Average Number of Common Stock Shares Outstanding:
Basic (in shares)	48,392	51,055
Diluted (in shares)	48,429	51,199
Passenger
Operating Revenue:
Operating Revenue	$ 601,304	$ 611,600
Other
Operating Revenue:
Operating Revenue	$ 55,447	$ 53,812

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net income	$ 36,358	$ 28,542
Other comprehensive income (loss), net:
Net change related to employee benefit plans, net of tax expense	576	513
Net change in derivative instruments, net of tax expense (benefit)	1,145	(7,244)
Net change in available-for-sale investments, net of tax expense (benefit)	540	(460)
Net current-period other comprehensive income (loss)	2,261	(7,191)
Total Comprehensive Income	$ 38,619	$ 21,351

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Comprehensive Income [Abstract]
Net change related to employee benefit plans, tax expense	$ 135	$ 166
Net change in derivative instruments, tax expense (benefit)	374	2,345
Net change in available-for-sale investments, tax expense (benefit)	$ 175	$ 149

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 365,100	$ 268,577
Short-term investments	166,817	232,241
Accounts receivable, net	110,658	111,834
Spare parts and supplies, net	36,461	33,942
Prepaid expenses and other	60,553	58,573
Total	739,589	705,167
Property and equipment, less accumulated depreciation and amortization of $678,428 and $663,461 as of March 31, 2019 and December 31, 2018, respectively	2,109,857	2,185,111
Other Assets:
Operating lease right-of-use assets	613,103	0
Long-term prepayments and other	171,013	185,556
Intangible assets, less accumulated amortization of $19,199 and $18,939 as of March 31, 2019 and December 31, 2018, respectively	13,889	14,149
Goodwill	106,663	106,663
Total Assets	3,754,114	3,196,646
Current Liabilities:
Accounts payable	145,067	143,146
Air traffic liability and current frequent flyer deferred revenue	691,010	603,736
Other accrued liabilities	130,746	158,154
Current maturities of long-term debt and finance lease obligations	93,483	101,097
Current maturities of operating leases	90,481	0
Total	1,150,787	1,006,133
Long-Term Debt and Finance Lease Obligations	519,105	608,684
Other Liabilities and Deferred Credits:
Noncurrent operating leases	480,979	0
Accumulated pension and other post-retirement benefit obligations	180,232	182,620
Other liabilities and deferred credits	107,497	119,826
Noncurrent frequent flyer deferred revenue	170,149	163,619
Deferred tax liability, net	170,305	167,770
Total	1,109,162	633,835
Commitments and Contingencies
Shareholders’ Equity:
Special preferred stock, $0.01 par value per share, three shares issued and outstanding as of March 31, 2019 and December 31, 2018	0	0
Common stock, $0.01 par value per share, 48,202,199 and 48,540,280 shares outstanding as of March 31, 2019 and December 31, 2018, respectively	482	485
Capital in excess of par value	128,891	128,448
Accumulated income	936,566	912,201
Accumulated other comprehensive loss, net	(90,879)	(93,140)
Total	975,060	947,994
Total Liabilities and Shareholders’ Equity	$ 3,754,114	$ 3,196,646

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation and amortization	$ 678,428	$ 663,461
Intangible assets, accumulated amortization	$ 19,199	$ 18,939
Special preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Special preferred stock, shares issued (in shares)	3	3
Special preferred stock, shares outstanding (in shares)	3	3
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares outstanding (in shares)	48,202,199	48,540,280

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock	[1]	Special Preferred Stock	[2]	Capital In Excess of Par Value	Accumulated Income	Accumulated Other Comprehensive Loss
Beginning balance at Dec. 31, 2017	$ 845,125	$ 512		$ 0		$ 126,743	$ 793,134	$ (75,264)
Increase (Decrease) in Stockholders' Equity
Net Income	28,542						28,542
Dividends declared on common stock ($0.12 per share)	(6,145)						(6,145)
Other comprehensive income (loss)	(7,191)							(7,191)
Issuance of shares of common stock, net of shares withheld for taxes	(3,229)	1				(3,230)
Repurchase and retirement of shares of common stock	(20,243)	(5)					(20,238)
Share-based compensation expense	1,355					1,355
Ending balance at Mar. 31, 2018	838,214	508		0		124,868	795,293	(82,455)
Beginning balance at Dec. 31, 2018	947,994	485		0		128,448	912,201	(93,140)
Increase (Decrease) in Stockholders' Equity
Net Income	36,358						36,358
Dividends declared on common stock ($0.12 per share)	(5,811)						(5,811)
Other comprehensive income (loss)	2,261							2,261
Issuance of shares of common stock, net of shares withheld for taxes	(982)	1				(983)
Repurchase and retirement of shares of common stock	(11,086)	(4)					(11,082)
Share-based compensation expense	1,426					1,426
Ending balance at Mar. 31, 2019	$ 975,060	$ 482		$ 0		$ 128,891	$ 936,566	$ (90,879)
[1]	Common Stock—$0.01 par value; 118,000,000 authorized as of March 31, 2019 and December 31, 2018.
[2]	Special Preferred Stock—$0.01 par value; 2,000,000 shares authorized as of March 31, 2019 and December 31, 2018.

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Statement of Stockholders' Equity [Abstract]
Dividends declared on common stock (in dollars per share)	$ 0.12	$ 0.12
Issuance of common stock related to stock awards (in shares)	65,517	146,923
Number of shares repurchased and retired (in shares)	403,598	548,861
Common stock, par value (in dollars per share)	$ 0.01		$ 0.01
Common stock, shares authorized (in shares)	118,000,000		118,000,000
Special preferred stock, par value (in dollars per share)	$ 0.01		$ 0.01
Special preferred stock, shares authorized (in shares)	2,000,000		2,000,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Statement of Cash Flows [Abstract]
Net cash provided by Operating Activities	$ 150,680	$ 225,545
Cash flows from Investing Activities:
Additions to property and equipment, including pre-delivery payments	(74,261)	(110,897)
Proceeds from the disposition of aircraft related equipment	2,780	0
Purchases of investments	(71,454)	(30,386)
Sales of investments	137,286	53,984
Other	(6,275)	0
Net cash used in investing activities	(11,924)	(87,299)
Cash flows from Financing Activities:
Repayments of long-term debt and finance lease obligations	(24,354)	(20,395)
Dividend payments	(5,811)	(6,145)
Repurchases of common stock	(11,086)	(20,243)
Other	(982)	(3,231)
Net cash used in financing activities	(42,233)	(50,014)
Net increase in cash and cash equivalents	96,523	88,232
Cash, cash equivalents, and restricted cash - Beginning of Period	268,577	191,953
Cash, cash equivalents, and restricted cash - End of Period	$ 365,100	$ 280,185

Business and Basis of Presentat

Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Basis of Presentation	Business and Basis of Presentation Hawaiian Holdings, Inc. (the Company, Holdings, we, us and our) and its direct wholly-owned subsidiary, Hawaiian Airlines, Inc. (Hawaiian), are 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. 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, 2018 .

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, Leases (ASU 2016-02), which was subsequently codified within Accounting Standards Codification (ASC) 842, Leases (ASC 842). ASC 842 requires a lessee to recognize a right-of-use asset and a lease liability in the statement of financial position for all leases (with the exception of short-term leases) at the lease commencement date and recognize expenses similar to the current ASC 840, Leases. ASC 842 is effective for fiscal years, and interim periods beginning after December 15, 2018. The Company adopted ASC 842 as of January 1, 2019 using the transition method that provides for a cumulative-effect adjustment to retained earnings upon adoption. The Company elected the package of transition provisions available for expired or existing contracts, which allows the Company to carry-forward our historical assessments of (a) whether contracts are, or contain leases, (b) lease classification, and (c) initial direct costs. The adoption of the New Lease Standard had a significant impact on the Company's consolidated balance sheet due to the recognition of approximately $593.5 million of operating lease liabilities and right-of-use (ROU) assets for operating leases of $635.6 million . Additionally, the Company recognized a $4.9 million (net of tax of $1.6 million ) cumulative effect adjustment credit to retained earnings. The adjustment to retained earnings was driven principally by ASC 842's elimination of the previous build-to-suit lease accounting guidance under ASC 840, Leases , and resulted in the derecognition of build-to-suit assets and liabilities that remained on the balance sheet after the end of the construction period. ASC 842 then required the application of lease accounting to the agreement, which resulted in an operating lease. This resulted in the recognition of a ROU asset, inclusive of building costs incurred by the Company to place the asset into service, of $124.7 million , and a lease liability of $90.8 million . The unaudited Consolidated Financial Statements as of and for the quarter ended March 31, 2019 are presented under the new standard, while comparative periods presented are not adjusted and continue to be reported in accordance with our historical accounting policy. See Note 9 , Leases, for additional information. In August 2017, the FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities (ASU 2017-02), which better aligns a company's risk management activities and financial reporting for hedging relationships and is intended to simplify hedge accounting requirements. ASU 2017-12 is effective for annual reporting periods beginning after December 15, 2018, with early adoption permitted. The Company adopted this standard during the first quarter of 2019. The adoption of this standard did not have an impact on the Company's Consolidated Financial Statements.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	3 Months Ended
	Mar. 31, 2019
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 are as follows: Details about accumulated other comprehensive (income) loss components Three months ended March 31, Affected line items in the statement where net income is presented 2019 2018 (in thousands) Derivatives designated as hedging instruments under ASC 815 Foreign currency derivative losses (gains) $ (1,587 ) $ 1,221 Passenger revenue Total before tax (1,587 ) 1,221 Tax expense (benefit) 391 (299 ) Total, net of tax $ (1,196 ) $ 922 Amortization of defined benefit plan items Actuarial loss $ 831 $ 624 Nonoperating Income (Expense), Other, net Prior service cost 56 56 Nonoperating Income (Expense), Other, net Total before tax 887 680 Tax benefit (168 ) (167 ) Total, net of tax $ 719 $ 513 Short-term investments Realized losses (gain) on sales of investments, net $ (98 ) $ 5 Nonoperating Income (Expense), Other, net Total before tax (98 ) 5 Tax expense (benefit) 24 (1 ) Total, net of tax $ (74 ) $ 4 Total reclassifications for the period $ (551 ) $ 1,439 A rollforward of the amounts included in accumulated other comprehensive income (loss), net of taxes, for the three months ended March 31, 2019 and 2018 is as follows: Three months ended March 31, 2019 Foreign Currency Derivatives Defined Benefit Short-Term Investments Total (in thousands) Beginning balance $ 3,317 $ (95,855 ) $ (602 ) $ (93,140 ) Other comprehensive income (loss) before reclassifications, net of tax 2,341 (143 ) 614 2,812 Amounts reclassified from accumulated other comprehensive income (loss), net of tax (1,196 ) 719 (74 ) (551 ) Net current-period other comprehensive income 1,145 576 540 2,261 Ending balance $ 4,462 $ (95,279 ) $ (62 ) $ (90,879 ) Three months ended March 31, 2018 Foreign Currency Derivatives Defined Benefit Plan Items Short-Term Investments Total (in thousands) Beginning balance $ 1,249 $ (75,953 ) $ (560 ) $ (75,264 ) Other comprehensive loss before reclassifications, net of tax (8,166 ) — (464 ) (8,630 ) Amounts reclassified from accumulated other comprehensive income (loss), net of tax 922 513 4 1,439 Net current-period other comprehensive income (loss) (7,244 ) 513 (460 ) (7,191 ) Ending balance $ (5,995 ) $ (75,440 ) $ (1,020 ) $ (82,455 )

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
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 months ended March 31, 2019 and 2018 , anti-dilutive shares, which were excluded from the calculation of diluted earnings per share, were immaterial. Three Months Ended March 31, 2019 2018 (in thousands, except for per share data) Numerator: Net Income $ 36,358 $ 28,542 Denominator: Weighted average common stock shares outstanding - Basic 48,392 51,055 Assumed exercise of stock options and awards 37 144 Weighted average common stock shares outstanding - Diluted 48,429 51,199 Net Income Per Share Basic $ 0.75 $ 0.56 Diluted $ 0.75 $ 0.56 Stock Repurchase Program In November 2017, the Company's Board of Directors approved the repurchase of up to $100 million of its outstanding common stock over a two -year period through December 2019 via the open market, established plans or privately negotiated transactions in accordance with all applicable securities laws, rules and regulations, which was completed in December 2018. In November 2018, the Company's Board of Directors approved a new stock repurchase program pursuant to which the Company may repurchase up to an additional $100 million of its outstanding common stock over a two -year period through December 2020. The stock repurchase program is subject to modification or termination at any time. The Company will repurchase shares of its common stock subject to prevailing market conditions and may discontinue such repurchases at any time. The Company spent $11.1 million and $20.2 million to repurchase and retire approximately 404 thousand shares and 549 thousand shares of the Company's common stock in open market transactions during the three months ended March 31, 2019 and 2018 , respectively. As of March 31, 2019 , the Company had $86.4 million remaining to spend under its stock repurchase program. Dividends During the three months ended March 31, 2019 , the Company declared a cash dividend of $0.12 per share for stockholders of record as of February 8, 2019, which was paid on February 22, 2019, totaling $5.8 million . During the three months ended March 31, 2018 , the Company declared and paid cash dividends of $0.12 per share, or $6.1 million .

Revenue Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The majority of the Company's revenue is derived from transporting passengers on our aircraft. The Company accounts for revenue in accordance with ASC 606, which was adopted on January 1, 2018, using the full retrospective method. The Company's primary operations are that of its wholly-owned subsidiary, Hawaiian. Principally all operations of Hawaiian either originate and/or end in the State of Hawai'i. The management of such operations is based on a system-wide approach due to the interdependence of Hawaiian's route structure in its various markets. As Hawaiian is engaged in only one significant line of business (i.e., air transportation), management has concluded that it has only one segment. The Company's operating revenues by geographic region (as defined by the U.S. Department of Transportation) are summarized below: Three Months Ended March 31, 2019 2018 Geographic Information (in thousands) Domestic $ 477,520 $ 492,202 Pacific 179,231 173,210 Total operating revenue $ 656,751 $ 665,412 Hawaiian attributes operating revenue by geographic region based on the destination of each flight segment. Hawaiian's tangible assets consist primarily of flight equipment, which are mobile across geographic markets, and therefore, have not been allocated to specific geographic regions. Passenger & Other revenue - Generally, the Company’s contracts with customers have two principal performance obligations, which are the promise to provide transportation to the passenger and the frequent flyer miles earned on the flight. In addition, the Company often charges additional fees for items such as baggage and in-flight entertainment. Such items are not capable of being distinct from the transportation provided because the customer can only benefit from the services during the flight. The transportation performance obligation, including the redemption of HawaiianMiles awards for flights, is satisfied, and revenue is recognized, as transportation is provided. In some instances, tickets sold by the Company can include a flight segment on another carrier which is referred to as an interline segment. In this situation, the Company acts as an agent for the other carrier and revenue is recognized net of cost in other revenue. Tickets sold by other airlines where the Company provides the transportation are recognized as passenger revenue at the estimated value to be billed to the other airline when travel is provided. Differences between amounts billed and the actual amounts may be rejected and rebilled or written off if the amount recorded was different from the original estimate. Other operating revenue consists of cargo revenue, ground handling fees, commissions, and fees earned under certain joint marketing agreements with other companies. These amounts are recognized when the service is provided. Three Months Ended March 31, 2019 2018 Passenger Revenue by Type (in thousands) Passenger revenue, excluding frequent flyer $ 567,855 $ 577,955 Frequent flyer revenue, transportation component 33,449 33,645 Passenger Revenue $ 601,304 $ 611,600 Other revenue (e.g., cargo and other miscellaneous) $ 36,231 $ 38,690 Frequent flyer revenue, marketing and brand component 19,216 15,122 Other Revenue $ 55,447 $ 53,812 For the three months ended March 31, 2019 and 2018 , the Company's total revenue was $656.8 million and $665.4 million , respectively. As of March 31, 2019 and December 31, 2018 , the Company's Air traffic liability balance as it relates to passenger tickets (excluding frequent flyer) was $514.9 million and $427.8 million , respectively, which represents future revenue that is expected to be realized over the next 12 months. During the three months ended March 31, 2019 and 2018 , the amount of passenger ticket revenue recognized that was included in Air traffic liability as of the beginning of the respective period was $296.9 million and $260.3 million , respectively. Passenger revenue associated with unused tickets, which represent unexercised passenger rights, is recognized in proportion to the pattern of rights exercised by related passengers (e.g., scheduled departure dates). To calculate the portion to be recognized as revenue in the period, the Company utilizes historical information and applies the trend rate to the current air traffic liability balances for that specific period. Certain governmental taxes are imposed on the Company's ticket sales through a fee included in ticket prices. The Company collects these fees and remits them to the appropriate government agency. Management has elected (via a practical expedient election) to exclude from the measurement of the transaction price all taxes assessed by a governmental authority that are both imposed on and concurrent with a specific revenue-producing transaction and collected from a customer (e.g., sales, use, value added, and certain excise taxes). These fees have been presented on a net basis in the accompanying Consolidated Statements of Operations and recorded as a liability until remitted. Frequent Flyer Revenue - Hawaiian's frequent flyer travel award program provides a variety of awards to program members based on accumulated mileage. ASC 606 requires the Company to account for miles earned by passengers in the HawaiianMiles program through flight activity as a component of the passenger revenue ticket transaction at the estimated selling price of the miles. Ticket consideration received is allocated between the performance obligations, primarily travel and miles earned by passengers. The allocated value of the miles is deferred until the free travel or other award is used by the passenger, at which time it is included in passenger revenue. The value of the ticket used in the determination of the estimated selling price is based on the historical value of equivalent flights to those provided for loyalty awards and the related miles redeemed to obtain that award adjusted for breakage or fulfillment. The equivalent ticket value (ETV) includes a fulfillment discount (breakage) to reflect the value of the award ticket over the number of miles that, based on historical experience, will be needed to obtain the award. On a quarterly basis, the Company calculates the ETV by analyzing the fares of similar tickets for the prior 12 months, considering cabin class and geographic region. The Company also sells mileage credits to companies participating in our frequent flyer program. These contracts generally include multiple performance obligations, including the transportation that will ultimately be provided when the mileage credits are redeemed and marketing and brand related activities. The marketing and brand performance obligations are effectively provided each time a HawaiianMiles member uses the co-branded credit card and monthly access to customer lists and marketing is provided, which corresponds to the timing of when the Company issues or is obligated to issue the mileage credits to the HawaiianMiles member. Therefore, the Company recognizes revenue for the marketing and brand performance obligations when HawaiianMiles members use their co-brand credit card and the resulting mileage credits are issued to them, which best correlates with the Company’s performance in satisfying the obligation. During the first quarter of 2018, the Company amended its partnership with Barclaycard US, Hawaiian's co-branded credit card partner. Management determined that the amendment should be accounted for as a termination of the existing contract and the creation of a new contract under ASC 606 and the relative selling price was determined for each performance obligation of the new agreement. The new agreement continues through 2024 and includes improved economics and enhanced product offerings for our Barclay's co-branded cardholders. The amended agreement did not change any terms of the original agreement, and includes the following performance obligations: (i) transportation that will ultimately be provided when mileage credits are redeemed (transportation); (ii) the Hawaiian Airlines brand and access to its members lists (collectively, brand performance); (iii) marketing; and (iv) airline benefits to cardholders, including discounts and anniversary travel benefits, baggage waivers and inflight purchase credits. The Company determined the relative fair value of each performance obligation by estimating the selling prices of the deliverables by considering discounted cash flows using multiple inputs and assumptions, including: (1) the expected number of miles to be awarded and redeemed; (2) the estimated weighted average equivalent ticket value, adjusted by a fulfillment discount; (3) the estimated total annual cardholder spend; (4) an estimated royalty rate for the Hawaiian portfolio; and (5) the expected use of each of the airline benefits. The overall consideration received is allocated to the performance obligations based on their relative selling prices. The transportation performance obligation is deferred and recognized as passenger revenue when the transportation is expected to be provided. Accounting for mileage sales to co-branded partners involves the use of various techniques to estimate revenue. To determine the total estimated transaction price, the Company forecasts future credit card activity using historical information. The relative selling price is determined using management’s standalone estimated selling price of each performance obligation. The objective of using the estimated selling price based methodology is to determine the price at which the Company would transact a sale if the product or service were sold on a stand-alone basis. Accordingly, the Company determines the best estimate of selling price by considering multiple inputs and methods including, but not limited to, discounted cash flows, brand value, published selling prices, number of miles awarded and number of miles redeemed. The Company estimates the selling price of miles using an ETV adjusted for a fulfillment discount as described above. Miles expire after 18 months of member account inactivity. The Company reviews its breakage estimates annually based upon the latest available information regarding redemption and expiration patterns (e.g., credit card and non-credit card holders). The Company’s estimate of the expected expiration of miles requires significant management judgment. Current and future changes to expiration assumptions or to the expiration policy, or to program rules and program could affect the estimated value of a mile. The Company's frequent flyer liability is recorded in Air traffic liability and current frequent flyer deferred revenue and Noncurrent frequent flyer deferred revenue in the Company's consolidated balance sheet based on estimated and expected redemption patterns using historical data and analysis. As of March 31, 2019 and December 31, 2018 , the Company's contract liability balance was $339.7 million and $332.2 million , respectively. Accounts Receivable - Accounts receivable primarily consist of amounts due from credit card companies, non-airline partners, and cargo transportation customers. The Company provides an allowance for uncollectible accounts equal to the estimated losses expected to be incurred based on historical chargebacks, write-offs, bankruptcies and other specific analyses. Bad debt expense was not material in any period presented. Costs to obtain or fulfill a contract - In order for the Company to provide transportation to our customers we incur fulfillment costs which are generally: booking fees, credit card fees, and commission/selling costs. As of March 31, 2019 and December 31, 2018 , the Company's asset balance associated with these costs were $19.2 million and $16.3 million , respectively. During the three months ended March 31, 2019 and 2018 , expenses related to these costs totaled to $22.5 million and $23.9 million , respectively. To determine the amount to capitalize and expense at the end of each period, the Company uses historical sales data and estimates the amount associated with unflown tickets.

Short-Term Investments

Short-Term Investments	3 Months Ended
	Mar. 31, 2019
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 as current assets at fair value as these securities are available for use in current operations. Realized gains and losses on sales of investments are reflected in nonoperating income (expense) in the Company's unaudited Consolidated Statements of Operations. Unrealized gains and losses on available for sale securities are reflected as a component of Accumulated other comprehensive loss, net. The following is a summary of short-term investments held as of March 31, 2019 and December 31, 2018 : Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value March 31, 2019 (in thousands) Corporate debt $ 101,348 $ 231 $ (238 ) $ 101,341 U.S. government and agency debt 16,043 — (17 ) 16,026 Municipal bonds 9,073 1 (9 ) 9,065 Certificates of Deposit 23,213 — — 23,213 Other fixed income securities 17,181 — (9 ) 17,172 Total short-term investments $ 166,858 $ 232 $ (273 ) $ 166,817 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2018 (in thousands) Corporate debt $ 142,748 $ 49 $ (695 ) $ 142,102 U.S. government and agency debt 37,163 3 (59 ) 37,107 Municipal bonds 9,903 — (32 ) 9,871 Other fixed income securities 43,183 2 (24 ) 43,161 Total short-term investments $ 232,997 $ 54 $ (810 ) $ 232,241 Contractual maturities of short-term investments as of March 31, 2019 are shown below. Under 1 Year 1 to 5 Years Total (in thousands) Corporate debt $ 38,940 $ 62,401 $ 101,341 U.S. government and agency debt 16,026 — 16,026 Municipal bonds 7,235 1,830 9,065 Certificates of Deposit 22,210 1,003 23,213 Other fixed income securities 15,672 1,500 17,172 Total short-term investments $ 100,083 $ 66,734 $ 166,817

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements ASC Topic 820, Fair Value Measurement (ASC 820), defines 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 March 31, 2019 Total Level 1 Level 2 Level 3 (in thousands) Cash equivalents $ 152,947 $ 122,825 $ 30,122 $ — Short-term investments 166,817 — 166,817 — Fuel derivative contracts 5,084 — 5,084 — Foreign currency derivatives 5,022 — 5,022 — Total assets measured at fair value $ 329,870 $ 122,825 $ 207,045 $ — Foreign currency derivatives 228 — 228 — Total liabilities measured at fair value $ 228 $ — $ 228 $ — Fair Value Measurements as of December 31, 2018 Total Level 1 Level 2 Level 3 (in thousands) Cash equivalents $ 121,154 $ 42,175 $ 78,979 $ — Short-term investments 232,241 — 232,241 — Fuel derivative contracts 1,572 — 1,572 — Foreign currency derivatives 4,579 — 4,579 — Total assets measured at fair value $ 359,546 $ 42,175 $ 317,371 $ — Foreign currency derivatives 1,347 — 1,347 — Total liabilities measured at fair value $ 1,347 $ — $ 1,347 $ — Cash equivalents. The Company's Level 1 cash equivalents consist of money market securities and certificates of deposit. The carrying amounts approximate fair value because of the short-term maturity of these assets. The Company's Level 2 cash equivalents consist of U.S. agency bonds, mutual funds, and commercial paper. These instruments are valued using quoted prices for similar assets in active markets. Short-term investments. Short-term investments shown in the table above are classified as available-for-sale. 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 crude oil call options, which are not traded on a public exchange. The fair value of these instruments is 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 primarily based upon data readily observable in public markets. The table below presents the Company’s debt (excluding obligations under finance leases and financing obligations) measured at fair value: Fair Value of Debt March 31, 2019 December 31, 2018 Carrying Fair Value Carrying Fair Value Amount Total Level 1 Level 2 Level 3 Amount Total Level 1 Level 2 Level 3 (in thousands) $ 448,399 $ 448,960 $ — $ — $ 448,960 $ 467,760 $ 461,805 $ — $ — $ 461,805 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	3 Months Ended
	Mar. 31, 2019
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 months ended March 31, 2019 , the Company primarily used crude oil call options and jet fuel swaps 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 Company's unaudited Consolidated Statements of Operations. Three months ended March 31, Fuel derivative contracts 2019 2018 (in thousands) Gains (losses) realized at settlement $ (2,844 ) $ 5,661 Reversal of prior period unrealized amounts 8,181 (11,792 ) Unrealized gains (losses) that will settle in future periods (4,767 ) 10,748 Gains (losses) on fuel derivatives recorded as nonoperating income (expense) $ 570 $ 4,617 Foreign Currency Exchange Rate Risk Management The Company is subject to foreign currency exchange rate risk due to revenues and expenses that are 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 gain of approximately $4.8 million into earnings over the next 12 months from AOCI based on the values at March 31, 2019 . 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 Company's unaudited Consolidated Balance Sheets. Derivative position as of March 31, 2019 Balance Sheet Notional Amount Final Gross fair Gross fair Net (in thousands) (in thousands) Derivatives designated as hedges Foreign currency derivatives Prepaid expenses and other 15,964,300 Japanese Yen March 2020 4,133 (180 ) 3,953 Long-term prepayments and other 4,457,800 Japanese Yen March 2021 809 (31 ) 778 Derivatives not designated as hedges Foreign currency derivatives Prepaid expenses and other 841,550 Japanese Yen June 2019 80 (17 ) 63 Fuel derivative contracts Prepaid expenses and other 95,760 gallons March 2020 5,084 — 5,084 Derivative position as of December 31, 2018 Balance Sheet Notional Amount Final Gross fair Gross fair Net (in thousands) (in thousands) Derivatives designated as hedges Foreign currency derivatives Prepaid expenses and other 15,933,550 Japanese Yen December 2019 3,922 (915 ) 3,007 Long-term prepayments and other 4,491,350 Japanese Yen December 2020 633 (292 ) 341 Derivatives not designated as hedges Foreign currency derivatives Other accrued liabilities 832,900 Japanese Yen March 2019 24 (140 ) (116 ) Fuel derivative contracts Prepaid expenses and other 95,256 gallons December 2019 1,572 — 1,572 The following table reflects the impact of cash flow hedges designated for hedge accounting treatment and their location within the Company's 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 March 31, Three months ended March 31, Three months ended March 31, 2019 2018 2019 2018 2019 2018 (in thousands) Foreign currency derivatives $ (3,106 ) $ 10,809 $ (1,587 ) $ 1,221 $ — $ — 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 March 31, 2019 and December 31, 2018 . 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.

Leases

Leases	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Leases	Leases As discussed in Note 2 , the Company adopted ASC 842 as of January 1, 2019, using the modified retrospective approach. Prior year financial statements were not recast under the new standard and, therefore, those amounts are not presented below. The Company leases aircraft, engines, airport terminal facilities, maintenance hangars, commercial real estate, and other property and equipment, among other items. The Company combines lease and nonlease components in calculating the ROU asset and lease liabilities for the aforementioned asset groups. Certain leases include escalation clauses, renewal options, and/or termination options. When lease renewals or termination options are considered to be reasonably certain, such periods are included in the lease term and fixed payments are included in the calculation of the lease liability and ROU asset. When available, the Company utilizes the rate implicit in the lease to discount lease payments to present value; however, the majority of the Company's leases do not provide a readily determinable implicit rate. Therefore, the Company estimates its incremental borrowing rate to discount the lease payments based on information available at lease commencement. The Company gives consideration to its recent debt issuances as well as publicly available data for instruments with similar characteristics when calculating our incremental borrowing rates. Aircraft and Engines As of March 31, 2019 , the Company leased 19 aircraft, of which 5 are under finance leases and 14 are under operating leases. These leases have remaining lease terms with terms ranging from approximately 1 year to 11 years. The Company also had 5 engines under operating leases with remaining lease terms ranging from less than 1 year to 8 years. Aircraft and engine finance leases continue to be reported on our consolidated balance sheet, while operating leases were added to the balance sheet with the adoption of the new standard. Airport Terminal Facilities The Company's facility leases are primarily for space at airports that it serves, most notably, its operations in the State of Hawai'i. These leases are classified as operating leases and reflect the Company's use of airport terminals, office space, cargo and maintenance facilities. The Company leases space from government agencies that control the use of the airport. The remaining lease terms vary from 1 month to 33 years. At the majority of U.S. airports, the lease rates depend on airport operating costs or the use of the facilities and are reset at least annually. Because of the variable nature of the rates, these leases are not recorded on our balance sheet as a ROU asset and lease liability. Other Commercial Real Estate The Company leases non-airport facility office space supporting its operations, including its headquarters in Honolulu, Hawaii. These leases are classified as operating and have remaining lease terms ranging between 1 to 8 years. Maintenance Hangar In November 2016, the Company entered into a lease agreement with the Department of Transportation of the State of Hawai'i to lease a cargo and maintenance hangar at the Daniel K. Inouye International Airport with a remaining lease term of 33 years. As the hangar was not fully constructed, the Company took responsibility of the construction and was responsible for the remainder of the construction costs of $37.3 million . In accordance with the applicable accounting guidance, specifically as it relates to the Company's involvement in the construction of the hangar, the Company was considered the owner of the asset under construction and previously recognized an additional $73.0 million asset, with a corresponding finance liability, for the amount previously spent by the lessor. As discussed in Note 2 , ASC 842 eliminated the previous build-to-suit lease accounting guidance and resulted in the derecognition of build-to-suit assets and liabilities that remained on the balance sheet after the end of the construction period. ASC 842 then required the application of lease accounting to the agreement. The agreement is accounted for as an operating lease under ASC 842. Other Property and Equipment The Company leases certain IT assets (including data center access, equipment, etc.) and various other non-aircraft equipment. The remaining lease terms range from 1 to 3 years. Certain lease IT assets are embedded within service agreements. The combined lease and nonlease components of those agreements are included in the ROU asset and lease liability. Lease Position as of March 31, 2019 The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheet. Three Months Ended March 31, Classification on the Balance Sheet 2019 (in thousands) Assets: Operating lease assets Operating lease right-of use assets $ 613,103 Finance lease assets Property and equipment, net 164,558 Total lease assets $ 777,661 Liabilities: Current Operating Current maturities of operating leases $ 90,481 Finance Current maturities of long-term debt and finance lease obligations 21,702 Noncurrent Operating Noncurrent operating leases 480,979 Finance Long-Term Debt and Finance Lease Obligations 152,403 Total lease liabilities $ 745,565 Weighted-average remaining lease term Operating leases 11.1 years Finance leases 9.1 years Weighted-average discount rate Operating leases (1) 4.97 % Finance leases 4.74 % (1) Upon adoption of the new lease standard, discount rates used for existing leases were established at January 1, 2019. Lease Costs During the three months ended March 31, 2019 , the total lease costs for finance and operating leases were as follows: Three Months Ended March 31, 2019 (in thousands) Finance lease cost: Amortization of right-of-use assets $ 6,098 Interest of lease liabilities 2,092 Operating lease cost (1) 29,468 Short-term lease cost (1) 1,988 Variable lease cost (1) 29,986 Total lease cost $ 69,632 (1) Expenses are classified within aircraft rent and other rentals and landing fees in the consolidated statements of operations. During the three months ended March 31, 2019 , the cash paid for amounts included in the measurement of lease liabilities were as follows: Three Months Ended March 31, 2019 (in thousands) Operating cash flows from operating leases 28,958 Operating cash flows from finance leases 2,092 Financing cash flows from finance lease 5,622 Undiscounted Cash Flows As of March 31, 2019 , the scheduled future minimum rental payments under operating and finance leases with non-cancellable basic terms of more than one year were as follows: Finance Leases Operating Leases Aircraft Other Aircraft Other (in thousands) Remaining in 2019 $ 18,638 $ 3,665 $ 80,789 $ 6,133 2020 24,850 3,255 90,391 8,217 2021 24,850 1,798 74,713 8,424 2022 24,415 1,779 68,133 8,822 2023 21,370 5,019 60,022 9,029 Thereafter 75,891 7,083 156,680 194,209 Total minimum lease payments 190,014 22,599 530,728 234,834 Less: amounts representing interest (33,224 ) (5,284 ) (77,600 ) (116,502 ) Present value of future minimum lease payments $ 156,790 $ 17,315 $ 453,128 $ 118,332 Less: current maturities of lease obligations (17,817 ) (3,885 ) (87,908 ) (2,573 ) Long-term lease obligations $ 138,973 $ 13,430 $ 365,220 $ 115,759
Leases	Leases As discussed in Note 2 , the Company adopted ASC 842 as of January 1, 2019, using the modified retrospective approach. Prior year financial statements were not recast under the new standard and, therefore, those amounts are not presented below. The Company leases aircraft, engines, airport terminal facilities, maintenance hangars, commercial real estate, and other property and equipment, among other items. The Company combines lease and nonlease components in calculating the ROU asset and lease liabilities for the aforementioned asset groups. Certain leases include escalation clauses, renewal options, and/or termination options. When lease renewals or termination options are considered to be reasonably certain, such periods are included in the lease term and fixed payments are included in the calculation of the lease liability and ROU asset. When available, the Company utilizes the rate implicit in the lease to discount lease payments to present value; however, the majority of the Company's leases do not provide a readily determinable implicit rate. Therefore, the Company estimates its incremental borrowing rate to discount the lease payments based on information available at lease commencement. The Company gives consideration to its recent debt issuances as well as publicly available data for instruments with similar characteristics when calculating our incremental borrowing rates. Aircraft and Engines As of March 31, 2019 , the Company leased 19 aircraft, of which 5 are under finance leases and 14 are under operating leases. These leases have remaining lease terms with terms ranging from approximately 1 year to 11 years. The Company also had 5 engines under operating leases with remaining lease terms ranging from less than 1 year to 8 years. Aircraft and engine finance leases continue to be reported on our consolidated balance sheet, while operating leases were added to the balance sheet with the adoption of the new standard. Airport Terminal Facilities The Company's facility leases are primarily for space at airports that it serves, most notably, its operations in the State of Hawai'i. These leases are classified as operating leases and reflect the Company's use of airport terminals, office space, cargo and maintenance facilities. The Company leases space from government agencies that control the use of the airport. The remaining lease terms vary from 1 month to 33 years. At the majority of U.S. airports, the lease rates depend on airport operating costs or the use of the facilities and are reset at least annually. Because of the variable nature of the rates, these leases are not recorded on our balance sheet as a ROU asset and lease liability. Other Commercial Real Estate The Company leases non-airport facility office space supporting its operations, including its headquarters in Honolulu, Hawaii. These leases are classified as operating and have remaining lease terms ranging between 1 to 8 years. Maintenance Hangar In November 2016, the Company entered into a lease agreement with the Department of Transportation of the State of Hawai'i to lease a cargo and maintenance hangar at the Daniel K. Inouye International Airport with a remaining lease term of 33 years. As the hangar was not fully constructed, the Company took responsibility of the construction and was responsible for the remainder of the construction costs of $37.3 million . In accordance with the applicable accounting guidance, specifically as it relates to the Company's involvement in the construction of the hangar, the Company was considered the owner of the asset under construction and previously recognized an additional $73.0 million asset, with a corresponding finance liability, for the amount previously spent by the lessor. As discussed in Note 2 , ASC 842 eliminated the previous build-to-suit lease accounting guidance and resulted in the derecognition of build-to-suit assets and liabilities that remained on the balance sheet after the end of the construction period. ASC 842 then required the application of lease accounting to the agreement. The agreement is accounted for as an operating lease under ASC 842. Other Property and Equipment The Company leases certain IT assets (including data center access, equipment, etc.) and various other non-aircraft equipment. The remaining lease terms range from 1 to 3 years. Certain lease IT assets are embedded within service agreements. The combined lease and nonlease components of those agreements are included in the ROU asset and lease liability. Lease Position as of March 31, 2019 The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheet. Three Months Ended March 31, Classification on the Balance Sheet 2019 (in thousands) Assets: Operating lease assets Operating lease right-of use assets $ 613,103 Finance lease assets Property and equipment, net 164,558 Total lease assets $ 777,661 Liabilities: Current Operating Current maturities of operating leases $ 90,481 Finance Current maturities of long-term debt and finance lease obligations 21,702 Noncurrent Operating Noncurrent operating leases 480,979 Finance Long-Term Debt and Finance Lease Obligations 152,403 Total lease liabilities $ 745,565 Weighted-average remaining lease term Operating leases 11.1 years Finance leases 9.1 years Weighted-average discount rate Operating leases (1) 4.97 % Finance leases 4.74 % (1) Upon adoption of the new lease standard, discount rates used for existing leases were established at January 1, 2019. Lease Costs During the three months ended March 31, 2019 , the total lease costs for finance and operating leases were as follows: Three Months Ended March 31, 2019 (in thousands) Finance lease cost: Amortization of right-of-use assets $ 6,098 Interest of lease liabilities 2,092 Operating lease cost (1) 29,468 Short-term lease cost (1) 1,988 Variable lease cost (1) 29,986 Total lease cost $ 69,632 (1) Expenses are classified within aircraft rent and other rentals and landing fees in the consolidated statements of operations. During the three months ended March 31, 2019 , the cash paid for amounts included in the measurement of lease liabilities were as follows: Three Months Ended March 31, 2019 (in thousands) Operating cash flows from operating leases 28,958 Operating cash flows from finance leases 2,092 Financing cash flows from finance lease 5,622 Undiscounted Cash Flows As of March 31, 2019 , the scheduled future minimum rental payments under operating and finance leases with non-cancellable basic terms of more than one year were as follows: Finance Leases Operating Leases Aircraft Other Aircraft Other (in thousands) Remaining in 2019 $ 18,638 $ 3,665 $ 80,789 $ 6,133 2020 24,850 3,255 90,391 8,217 2021 24,850 1,798 74,713 8,424 2022 24,415 1,779 68,133 8,822 2023 21,370 5,019 60,022 9,029 Thereafter 75,891 7,083 156,680 194,209 Total minimum lease payments 190,014 22,599 530,728 234,834 Less: amounts representing interest (33,224 ) (5,284 ) (77,600 ) (116,502 ) Present value of future minimum lease payments $ 156,790 $ 17,315 $ 453,128 $ 118,332 Less: current maturities of lease obligations (17,817 ) (3,885 ) (87,908 ) (2,573 ) Long-term lease obligations $ 138,973 $ 13,430 $ 365,220 $ 115,759

Employee Benefit Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2019
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans The components of net periodic benefit cost for the Company’s defined benefit and other post-retirement plans included the following: Three months ended March 31, Components of Net Period Benefit Cost 2019 2018 (in thousands) Service cost $ 2,096 $ 1,962 Other cost: Interest cost 5,608 5,009 Expected return on plan assets (5,483 ) (5,588 ) Recognized net actuarial loss 887 680 Total other components of the net periodic benefit cost 1,012 101 Net periodic benefit cost $ 3,108 $ 2,063 Total other components of the net periodic benefit cost are recorded within the nonoperating income (expense), other, net line item in the consolidated statements of operations. During the three months ended March 31, 2019 and 2018 , the Company was not required to, and did not to make contributions to its defined benefit and other post-retirement plans.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Commitments and Contingent Liabilities Commitments As of March 31, 2019 , the Company had the following capital commitments consisting of firm aircraft and engine orders and purchase rights for additional aircraft and engines: Aircraft Type Firm Orders Purchase Rights Expected Delivery Dates A321neo aircraft 6 3 Between 2019 and 2020 B787-9 aircraft 10 10 Between 2021 and 2025 Pratt & Whitney spare engines: A321neo spare engines 1 2 In 2019 General Electric GEnx spare engines: B787-9 spare engines 2 2 Between 2021 and 2025 In February 2018, the Company exercised its right to terminate its aircraft purchase agreement between the Company and Airbus for six Airbus A330-800neo aircraft and the purchase rights for an additional six Airbus A330-800neo aircraft. Refer to Note 12 below for discussion on the contract termination charge. In July 2018, the Company entered into a purchase agreement for the purchase of 10 Boeing 787-9 "Dreamliner" aircraft with purchase rights for an additional 10 aircraft with scheduled delivery from 2021 to 2025. In October 2018, the Company entered into a definitive agreement for the selection of GEnx engines to power its Boeing 787-9 fleet. The agreement provides for the purchase of 20 GEnx engines, the right to purchase an additional 20 GEnx engines, and the purchase of up to four spare engines. The committed expenditures under these agreements are reflected in the table below. In December 2018, the Company entered into an amendment to the purchase agreement with Boeing, which includes an option for the Company to accelerate delivery of Boeing 787-9 aircraft from 2024 and 2025 to 2023; however, the Company does not currently expect to execute the option to accelerate its planned delivery schedule. The Company also intends to enter into additional related agreements in connection with the Boeing 787-9 purchases, including for the purchase of a flight simulator, spare parts and materials, and related services. Committed capital and operating expenditures include escalation amounts based on estimates. Capital expenditures represent aircraft and aircraft related equipment commitments, and operating expenditures represent all other non-aircraft commitments the Company has entered into. The gross committed expenditures and committed payments for those deliveries as of March 31, 2019 are detailed below: Aircraft and aircraft related Other Total Committed (in thousands) Remaining in 2019 $ 277,660 $ 55,886 $ 333,546 2020 161,854 69,729 231,583 2021 313,668 66,104 379,772 2022 435,406 58,499 493,905 2023 245,465 53,357 298,822 Thereafter 477,144 164,846 641,990 $ 1,911,197 $ 468,421 $ 2,379,618 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 such contracts. 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 such parties' gross negligence or willful misconduct. Additionally, the lessee typically indemnifies such parties for any environmental liability that arises out of or relates to the lessee's use of the real estate leased premises. The Company believes that it is insured (subject to deductibles) for most of the tort liabilities and related indemnities described above with respect to the aircraft and real estate that it leases. The Company cannot reasonably 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 are included in restricted cash in the Company’s unaudited Consolidated Balance Sheets. As of March 31, 2019 and December 31, 2018 , there were no holdbacks held with the Company's credit card processors. 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 outstanding credit card amounts that is unflown (e.g., air traffic liability, excluding frequent flyer deferred revenue), 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's operations, business or financial condition.

Contract Terminations Expense

Contract Terminations Expense	3 Months Ended
	Mar. 31, 2019
Unusual or Infrequent Items, or Both [Abstract]
Contract Terminations Expense	Contract Terminations Expense Contract terminations expense For the three months ended March 31, 2018, the Company terminated two contracts which incurred a total of $35.3 million in contract terminations expense. The transactions are described below: In February 2018, the Company exercised its right to terminate the aircraft purchase agreement between the Company and Airbus for six Airbus A330-800neo aircraft and the purchase rights for an additional six Airbus A330-800neo aircraft. To terminate the purchase agreement, the Company was obligated to repay Airbus for concessions received relating to a prior firm order, training credits, as well as forfeit the pre-delivery progress payments made towards the flight equipment. The Company recorded a contract terminations expense to reflect a portion of the termination penalty within the Consolidated Statements of Operations. In January 2018, the Company entered into a transaction with its lessor to early terminate and purchase three Boeing 767-300 aircraft leases and concurrently entered into a forward sale agreement for the same three Boeing 767-300 aircraft, including two Pratt & Whitney 4060 engines for each aircraft. These aircraft were previously accounted for as operating leases. In order to exit the lease and purchase the aircraft, the Company agreed to pay a total of $67.1 million (net of all deposits) of which a portion was expensed immediately and recognized as a contract termination fee. The expensed amount represents the total purchase price amount over fair value of the aircraft purchased as of the date of the transaction.

Condensed Consolidating Financi

Condensed Consolidating Financial Information	3 Months Ended
	Mar. 31, 2019
Condensed Financial Information 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. The Company's condensed consolidating financial statements are presented in the following tables: Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) Three months ended March 31, 2019 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 656,090 $ 792 $ (131 ) $ 656,751 Operating Expenses: Wages and benefits — 175,065 — — 175,065 Aircraft fuel, including taxes and delivery — 126,104 — — 126,104 Maintenance, materials and repairs — 61,802 1,243 — 63,045 Aircraft and passenger servicing — 38,900 — — 38,900 Commissions and other selling — 30,865 18 (47 ) 30,836 Aircraft rent — 30,367 29 — 30,396 Other rentals and landing fees — 31,019 27 — 31,046 Depreciation and amortization — 36,492 1,659 — 38,151 Purchased services 54 32,193 222 (16 ) 32,453 Other 1,842 35,856 449 (68 ) 38,079 Total 1,896 598,663 3,647 (131 ) 604,075 Operating Income (Loss) (1,896 ) 57,427 (2,855 ) — 52,676 Nonoperating Income (Expense): Undistributed net income of subsidiaries 37,849 — — (37,849 ) — Interest expense and amortization of debt discounts and issuance costs — (7,514 ) (16 ) — (7,530 ) Interest income 8 2,975 — — 2,983 Capitalized interest — 1,285 — — 1,285 Gains on fuel derivatives — 570 — — 570 Other, net — (1,069 ) 44 — (1,025 ) Total 37,857 (3,753 ) 28 (37,849 ) (3,717 ) Income (Loss) Before Income Taxes 35,961 53,674 (2,827 ) (37,849 ) 48,959 Income tax expense (benefit) (397 ) 13,591 (593 ) — 12,601 Net Income (Loss) $ 36,358 $ 40,083 $ (2,234 ) $ (37,849 ) $ 36,358 Comprehensive Income (Loss) $ 38,619 $ 42,344 $ (2,234 ) $ (40,110 ) $ 38,619 Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) Three months ended March 31, 2018 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 663,412 $ 2,127 $ (127 ) $ 665,412 Operating Expenses: Wages and benefits — 168,709 — — 168,709 Aircraft fuel, including taxes and delivery — 133,446 — — 133,446 Maintenance, materials and repairs — 57,494 647 — 58,141 Aircraft and passenger servicing — 36,518 — — 36,518 Commissions and other selling (5 ) 31,958 20 (48 ) 31,925 Aircraft rent — 31,900 — — 31,900 Depreciation and amortization — 31,275 970 — 32,245 Other rentals and landing fees — 30,815 — — 30,815 Purchased services 90 30,868 178 (15 ) 31,121 Contract terminations expense — 35,322 — — 35,322 Other 1,581 37,123 365 (64 ) 39,005 Total 1,666 625,428 2,180 (127 ) 629,147 Operating Income (Loss) (1,666 ) 37,984 (53 ) — 36,265 Nonoperating Income (Expense): Undistributed net income of subsidiaries 29,810 — — (29,810 ) — Interest expense and amortization of debt discounts and issuance costs — (8,555 ) — — (8,555 ) Interest income 65 1,409 — — 1,474 Capitalized interest — 2,238 — — 2,238 Gains on fuel derivatives — 4,617 — — 4,617 Other, net (4 ) 1,055 5 — 1,056 Total 29,871 764 5 (29,810 ) 830 Income (Loss) Before Income Taxes 28,205 38,748 (48 ) (29,810 ) 37,095 Income tax expense (benefit) (337 ) 8,900 (10 ) — 8,553 Net Income (Loss) $ 28,542 $ 29,848 $ (38 ) $ (29,810 ) $ 28,542 Comprehensive Income (Loss) $ 21,351 $ 22,657 $ (38 ) $ (22,619 ) $ 21,351 Condensed Consolidating Balance Sheets March 31, 2019 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) ASSETS Current assets: Cash and cash equivalents $ 4,257 $ 352,136 $ 8,707 $ — $ 365,100 Short-term investments — 166,817 — — 166,817 Accounts receivable, net — 109,685 1,290 (317 ) 110,658 Spare parts and supplies, net — 36,461 — — 36,461 Prepaid expenses and other 301 60,022 230 — 60,553 Total 4,558 725,121 10,227 (317 ) 739,589 Property and equipment at cost — 2,698,634 89,651 — 2,788,285 Less accumulated depreciation and amortization — (661,647 ) (16,781 ) — (678,428 ) Property and equipment, net — 2,036,987 72,870 — 2,109,857 Operating lease right-of-use assets — 613,103 — — 613,103 Long-term prepayments and other — 170,709 304 — 171,013 Goodwill and other intangible assets, net — 119,975 577 — 120,552 Intercompany receivable — 478,365 — (478,365 ) — Investment in consolidated subsidiaries 1,438,210 — 504 (1,438,714 ) — TOTAL ASSETS $ 1,442,768 $ 4,144,260 $ 84,482 $ (1,917,396 ) $ 3,754,114 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 776 $ 142,417 $ 2,191 $ (317 ) $ 145,067 Air traffic liability — 686,165 4,845 — 691,010 Other accrued liabilities — 130,452 294 — 130,746 Current maturities of long-term debt, less discount, and finance lease obligations — 93,479 4 — 93,483 Current maturities of operating leases — 90,481 — — 90,481 Total 776 1,142,994 7,334 (317 ) 1,150,787 Long-term debt and finance lease obligations — 519,105 — — 519,105 Intercompany payable 466,932 — 11,433 (478,365 ) — Other liabilities and deferred credits: Noncurrent operating leases — 480,979 — — 480,979 Accumulated pension and other post-retirement benefit obligations — 180,232 — — 180,232 Other liabilities and deferred credits — 106,377 1,120 — 107,497 Noncurrent frequent flyer deferred revenue — 170,149 — — 170,149 Deferred tax liabilities, net — 170,305 — — 170,305 Total — 1,108,042 1,120 — 1,109,162 Shareholders’ equity 975,060 1,374,119 64,595 (1,438,714 ) 975,060 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,442,768 $ 4,144,260 $ 84,482 $ (1,917,396 ) $ 3,754,114 Condensed Consolidating Balance Sheets December 31, 2018 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) ASSETS Current assets: Cash and cash equivalents $ 5,154 $ 255,279 $ 8,144 $ — $ 268,577 Short-term investments — 232,241 — — 232,241 Accounts receivable, net — 109,499 2,569 (234 ) 111,834 Spare parts and supplies, net — 33,942 — — 33,942 Prepaid expenses and other 165 58,296 112 — 58,573 Total 5,319 689,257 10,825 (234 ) 705,167 Property and equipment at cost — 2,756,551 92,021 — 2,848,572 Less accumulated depreciation and amortization — (648,111 ) (15,350 ) — (663,461 ) Property and equipment, net — 2,108,440 76,671 — 2,185,111 Long-term prepayments and other 62,990 185,161 899 (63,494 ) 185,556 Goodwill and other intangible assets, net — 120,119 693 — 120,812 Intercompany receivable — 456,338 — (456,338 ) — Investment in consolidated subsidiaries 1,325,380 — — (1,325,380 ) — TOTAL ASSETS $ 1,393,689 $ 3,559,315 $ 89,088 $ (1,845,446 ) $ 3,196,646 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 665 $ 139,552 $ 3,163 $ (234 ) $ 143,146 Air traffic liability — 598,387 5,349 — 603,736 Other accrued liabilities — 157,842 312 — 158,154 Current maturities of long-term debt, less discount, and finance lease obligations — 101,052 45 — 101,097 Total 665 996,833 8,869 (234 ) 1,006,133 Long-term debt and finance lease obligations — 604,089 4,595 — 608,684 Intercompany payable 445,030 — 11,308 (456,338 ) — Other liabilities and deferred credits: 0 Accumulated pension and other post-retirement benefit obligations — 182,620 — — 182,620 Other liabilities and deferred credits — 118,682 1,144 — 119,826 Noncurrent frequent flyer deferred revenue — 163,619 — — 163,619 Deferred tax liabilities, net — 167,770 — — 167,770 Total — 632,691 1,144 — 633,835 Shareholders’ equity 947,994 1,325,702 63,172 (1,388,874 ) 947,994 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,393,689 $ 3,559,315 $ 89,088 $ (1,845,446 ) $ 3,196,646 Condensed Consolidating Statements of Cash Flows Three months ended March 31, 2019 Parent Issuer / Subsidiary Non- Eliminations Consolidated (in thousands) Net Cash Provided By (Used In) Operating Activities $ (670 ) $ 152,752 $ (1,402 ) $ — $ 150,680 Cash Flows From Investing Activities: Net payments to affiliates (4,250 ) (20,920 ) — 25,170 — Additions to property and equipment, including pre-delivery deposits — (71,978 ) (2,283 ) — (74,261 ) Proceeds from the sale and sale leaseback of aircraft and aircraft related equipment — 2,780 — — 2,780 Purchases of investments — (71,454 ) — — (71,454 ) Sales of investments — 137,286 — — 137,286 Other — (6,275 ) — — (6,275 ) Net cash used in investing activities (4,250 ) (30,561 ) (2,283 ) 25,170 (11,924 ) Cash Flows From Financing Activities: Long-term borrowings — — — — — Repayments of long-term debt and finance lease obligations — (24,352 ) (2 ) — (24,354 ) Debt issuance costs — — — — — Dividend payments (5,811 ) — — — (5,811 ) Net payments from affiliates 20,920 — 4,250 (25,170 ) — Repurchases of common stock (11,086 ) — — — (11,086 ) Other — (982 ) — — (982 ) Net cash provided by (used in) financing activities 4,023 (25,334 ) 4,248 (25,170 ) (42,233 ) Net increase (decrease) in cash and cash equivalents (897 ) 96,857 563 — 96,523 Cash, cash equivalents, & restricted cash - Beginning of Period 5,154 255,279 8,144 — 268,577 Cash, cash equivalents, & restricted cash - End of Period $ 4,257 $ 352,136 $ 8,707 $ — $ 365,100 Condensed Consolidating Statements of Cash Flows Three months ended March 31, 2018 Parent Issuer / Subsidiary Non- Eliminations Consolidated (in thousands) Net Cash Provided By (Used In) Operating Activities $ (931 ) $ 224,935 $ 1,541 $ — $ 225,545 Cash Flows From Investing Activities: Net payments to affiliates (6,500 ) (6,000 ) — 12,500 — Additions to property and equipment, including pre-delivery deposits — (102,595 ) (8,302 ) — (110,897 ) Purchases of investments — (30,386 ) — — (30,386 ) Sales of investments — 53,984 — — 53,984 Net cash used in investing activities (6,500 ) (84,997 ) (8,302 ) 12,500 (87,299 ) Cash Flows From Financing Activities: Repayments of long-term debt and finance lease obligations — (20,395 ) — — (20,395 ) Dividend payments (6,145 ) — — — (6,145 ) Net payments from affiliates 6,000 — 6,500 (12,500 ) — Repurchases of Common Stock (20,243 ) — — — (20,243 ) Other 78 (3,309 ) — — (3,231 ) Net cash provided by (used in) financing activities (20,310 ) (23,704 ) 6,500 (12,500 ) (50,014 ) Net increase (decrease) in cash and cash equivalents (27,741 ) 116,234 (261 ) — 88,232 Cash, cash equivalents, & restricted cash - Beginning of Period 57,405 126,861 7,687 — 191,953 Cash, cash equivalents, & restricted cash - End of Period $ 29,664 $ 243,095 $ 7,426 $ — $ 280,185 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 Polici_2

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, Leases (ASU 2016-02), which was subsequently codified within Accounting Standards Codification (ASC) 842, Leases (ASC 842). ASC 842 requires a lessee to recognize a right-of-use asset and a lease liability in the statement of financial position for all leases (with the exception of short-term leases) at the lease commencement date and recognize expenses similar to the current ASC 840, Leases. ASC 842 is effective for fiscal years, and interim periods beginning after December 15, 2018. The Company adopted ASC 842 as of January 1, 2019 using the transition method that provides for a cumulative-effect adjustment to retained earnings upon adoption. The Company elected the package of transition provisions available for expired or existing contracts, which allows the Company to carry-forward our historical assessments of (a) whether contracts are, or contain leases, (b) lease classification, and (c) initial direct costs. The adoption of the New Lease Standard had a significant impact on the Company's consolidated balance sheet due to the recognition of approximately $593.5 million of operating lease liabilities and right-of-use (ROU) assets for operating leases of $635.6 million . Additionally, the Company recognized a $4.9 million (net of tax of $1.6 million ) cumulative effect adjustment credit to retained earnings. The adjustment to retained earnings was driven principally by ASC 842's elimination of the previous build-to-suit lease accounting guidance under ASC 840, Leases , and resulted in the derecognition of build-to-suit assets and liabilities that remained on the balance sheet after the end of the construction period. ASC 842 then required the application of lease accounting to the agreement, which resulted in an operating lease. This resulted in the recognition of a ROU asset, inclusive of building costs incurred by the Company to place the asset into service, of $124.7 million , and a lease liability of $90.8 million . The unaudited Consolidated Financial Statements as of and for the quarter ended March 31, 2019 are presented under the new standard, while comparative periods presented are not adjusted and continue to be reported in accordance with our historical accounting policy. See Note 9 , Leases, for additional information. In August 2017, the FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities (ASU 2017-02), which better aligns a company's risk management activities and financial reporting for hedging relationships and is intended to simplify hedge accounting requirements. ASU 2017-12 is effective for annual reporting periods beginning after December 15, 2018, with early adoption permitted. The Company adopted this standard during the first quarter of 2019. The adoption of this standard did not have an impact on the Company's Consolidated Financial Statements.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	3 Months Ended
	Mar. 31, 2019
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Reclassifications by component	Reclassifications out of accumulated other comprehensive income (loss) by component are as follows: Details about accumulated other comprehensive (income) loss components Three months ended March 31, Affected line items in the statement where net income is presented 2019 2018 (in thousands) Derivatives designated as hedging instruments under ASC 815 Foreign currency derivative losses (gains) $ (1,587 ) $ 1,221 Passenger revenue Total before tax (1,587 ) 1,221 Tax expense (benefit) 391 (299 ) Total, net of tax $ (1,196 ) $ 922 Amortization of defined benefit plan items Actuarial loss $ 831 $ 624 Nonoperating Income (Expense), Other, net Prior service cost 56 56 Nonoperating Income (Expense), Other, net Total before tax 887 680 Tax benefit (168 ) (167 ) Total, net of tax $ 719 $ 513 Short-term investments Realized losses (gain) on sales of investments, net $ (98 ) $ 5 Nonoperating Income (Expense), Other, net Total before tax (98 ) 5 Tax expense (benefit) 24 (1 ) Total, net of tax $ (74 ) $ 4 Total reclassifications for the period $ (551 ) $ 1,439
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 months ended March 31, 2019 and 2018 is as follows: Three months ended March 31, 2019 Foreign Currency Derivatives Defined Benefit Short-Term Investments Total (in thousands) Beginning balance $ 3,317 $ (95,855 ) $ (602 ) $ (93,140 ) Other comprehensive income (loss) before reclassifications, net of tax 2,341 (143 ) 614 2,812 Amounts reclassified from accumulated other comprehensive income (loss), net of tax (1,196 ) 719 (74 ) (551 ) Net current-period other comprehensive income 1,145 576 540 2,261 Ending balance $ 4,462 $ (95,279 ) $ (62 ) $ (90,879 ) Three months ended March 31, 2018 Foreign Currency Derivatives Defined Benefit Plan Items Short-Term Investments Total (in thousands) Beginning balance $ 1,249 $ (75,953 ) $ (560 ) $ (75,264 ) Other comprehensive loss before reclassifications, net of tax (8,166 ) — (464 ) (8,630 ) Amounts reclassified from accumulated other comprehensive income (loss), net of tax 922 513 4 1,439 Net current-period other comprehensive income (loss) (7,244 ) 513 (460 ) (7,191 ) Ending balance $ (5,995 ) $ (75,440 ) $ (1,020 ) $ (82,455 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Schedule of earnings per share basic and diluted	Three Months Ended March 31, 2019 2018 (in thousands, except for per share data) Numerator: Net Income $ 36,358 $ 28,542 Denominator: Weighted average common stock shares outstanding - Basic 48,392 51,055 Assumed exercise of stock options and awards 37 144 Weighted average common stock shares outstanding - Diluted 48,429 51,199 Net Income Per Share Basic $ 0.75 $ 0.56 Diluted $ 0.75 $ 0.56

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The Company's operating revenues by geographic region (as defined by the U.S. Department of Transportation) are summarized below: Three Months Ended March 31, 2019 2018 Geographic Information (in thousands) Domestic $ 477,520 $ 492,202 Pacific 179,231 173,210 Total operating revenue $ 656,751 $ 665,412 These amounts are recognized when the service is provided. Three Months Ended March 31, 2019 2018 Passenger Revenue by Type (in thousands) Passenger revenue, excluding frequent flyer $ 567,855 $ 577,955 Frequent flyer revenue, transportation component 33,449 33,645 Passenger Revenue $ 601,304 $ 611,600 Other revenue (e.g., cargo and other miscellaneous) $ 36,231 $ 38,690 Frequent flyer revenue, marketing and brand component 19,216 15,122 Other Revenue $ 55,447 $ 53,812

Short-Term Investments (Tables)

Short-Term Investments (Tables)	3 Months Ended
	Mar. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Summary of short-term investments	The following is a summary of short-term investments held as of March 31, 2019 and December 31, 2018 : Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value March 31, 2019 (in thousands) Corporate debt $ 101,348 $ 231 $ (238 ) $ 101,341 U.S. government and agency debt 16,043 — (17 ) 16,026 Municipal bonds 9,073 1 (9 ) 9,065 Certificates of Deposit 23,213 — — 23,213 Other fixed income securities 17,181 — (9 ) 17,172 Total short-term investments $ 166,858 $ 232 $ (273 ) $ 166,817 Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value December 31, 2018 (in thousands) Corporate debt $ 142,748 $ 49 $ (695 ) $ 142,102 U.S. government and agency debt 37,163 3 (59 ) 37,107 Municipal bonds 9,903 — (32 ) 9,871 Other fixed income securities 43,183 2 (24 ) 43,161 Total short-term investments $ 232,997 $ 54 $ (810 ) $ 232,241
Schedule of contractual maturities of short-term investments	Contractual maturities of short-term investments as of March 31, 2019 are shown below. Under 1 Year 1 to 5 Years Total (in thousands) Corporate debt $ 38,940 $ 62,401 $ 101,341 U.S. government and agency debt 16,026 — 16,026 Municipal bonds 7,235 1,830 9,065 Certificates of Deposit 22,210 1,003 23,213 Other fixed income securities 15,672 1,500 17,172 Total short-term investments $ 100,083 $ 66,734 $ 166,817

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2019
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 March 31, 2019 Total Level 1 Level 2 Level 3 (in thousands) Cash equivalents $ 152,947 $ 122,825 $ 30,122 $ — Short-term investments 166,817 — 166,817 — Fuel derivative contracts 5,084 — 5,084 — Foreign currency derivatives 5,022 — 5,022 — Total assets measured at fair value $ 329,870 $ 122,825 $ 207,045 $ — Foreign currency derivatives 228 — 228 — Total liabilities measured at fair value $ 228 $ — $ 228 $ — Fair Value Measurements as of December 31, 2018 Total Level 1 Level 2 Level 3 (in thousands) Cash equivalents $ 121,154 $ 42,175 $ 78,979 $ — Short-term investments 232,241 — 232,241 — Fuel derivative contracts 1,572 — 1,572 — Foreign currency derivatives 4,579 — 4,579 — Total assets measured at fair value $ 359,546 $ 42,175 $ 317,371 $ — Foreign currency derivatives 1,347 — 1,347 — Total liabilities measured at fair value $ 1,347 $ — $ 1,347 $ —
Schedule of debt (excluding obligations under capital leases) measured at fair value	The table below presents the Company’s debt (excluding obligations under finance leases and financing obligations) measured at fair value: Fair Value of Debt March 31, 2019 December 31, 2018 Carrying Fair Value Carrying Fair Value Amount Total Level 1 Level 2 Level 3 Amount Total Level 1 Level 2 Level 3 (in thousands) $ 448,399 $ 448,960 $ — $ — $ 448,960 $ 467,760 $ 461,805 $ — $ — $ 461,805

Financial Derivative Instrume_2

Financial Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2019
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 Company's unaudited Consolidated Statements of Operations. Three months ended March 31, Fuel derivative contracts 2019 2018 (in thousands) Gains (losses) realized at settlement $ (2,844 ) $ 5,661 Reversal of prior period unrealized amounts 8,181 (11,792 ) Unrealized gains (losses) that will settle in future periods (4,767 ) 10,748 Gains (losses) on fuel derivatives recorded as nonoperating income (expense) $ 570 $ 4,617
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 Company's unaudited Consolidated Balance Sheets. Derivative position as of March 31, 2019 Balance Sheet Notional Amount Final Gross fair Gross fair Net (in thousands) (in thousands) Derivatives designated as hedges Foreign currency derivatives Prepaid expenses and other 15,964,300 Japanese Yen March 2020 4,133 (180 ) 3,953 Long-term prepayments and other 4,457,800 Japanese Yen March 2021 809 (31 ) 778 Derivatives not designated as hedges Foreign currency derivatives Prepaid expenses and other 841,550 Japanese Yen June 2019 80 (17 ) 63 Fuel derivative contracts Prepaid expenses and other 95,760 gallons March 2020 5,084 — 5,084 Derivative position as of December 31, 2018 Balance Sheet Notional Amount Final Gross fair Gross fair Net (in thousands) (in thousands) Derivatives designated as hedges Foreign currency derivatives Prepaid expenses and other 15,933,550 Japanese Yen December 2019 3,922 (915 ) 3,007 Long-term prepayments and other 4,491,350 Japanese Yen December 2020 633 (292 ) 341 Derivatives not designated as hedges Foreign currency derivatives Other accrued liabilities 832,900 Japanese Yen March 2019 24 (140 ) (116 ) Fuel derivative contracts Prepaid expenses and other 95,256 gallons December 2019 1,572 — 1,572
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 Company's 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 March 31, Three months ended March 31, Three months ended March 31, 2019 2018 2019 2018 2019 2018 (in thousands) Foreign currency derivatives $ (3,106 ) $ 10,809 $ (1,587 ) $ 1,221 $ — $ —

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2019
Leases [Abstract]
Lease-related Assets and Liabilities	The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheet. Three Months Ended March 31, Classification on the Balance Sheet 2019 (in thousands) Assets: Operating lease assets Operating lease right-of use assets $ 613,103 Finance lease assets Property and equipment, net 164,558 Total lease assets $ 777,661 Liabilities: Current Operating Current maturities of operating leases $ 90,481 Finance Current maturities of long-term debt and finance lease obligations 21,702 Noncurrent Operating Noncurrent operating leases 480,979 Finance Long-Term Debt and Finance Lease Obligations 152,403 Total lease liabilities $ 745,565 Weighted-average remaining lease term Operating leases 11.1 years Finance leases 9.1 years Weighted-average discount rate Operating leases (1) 4.97 % Finance leases 4.74 % (1) Upon adoption of the new lease standard, discount rates used for existing leases were established at January 1, 2019.
Lease costs	During the three months ended March 31, 2019 , the total lease costs for finance and operating leases were as follows: Three Months Ended March 31, 2019 (in thousands) Finance lease cost: Amortization of right-of-use assets $ 6,098 Interest of lease liabilities 2,092 Operating lease cost (1) 29,468 Short-term lease cost (1) 1,988 Variable lease cost (1) 29,986 Total lease cost $ 69,632 (1) Expenses are classified within aircraft rent and other rentals and landing fees in the consolidated statements of operations. During the three months ended March 31, 2019 , the cash paid for amounts included in the measurement of lease liabilities were as follows: Three Months Ended March 31, 2019 (in thousands) Operating cash flows from operating leases 28,958 Operating cash flows from finance leases 2,092 Financing cash flows from finance lease 5,622
Finance lease maturity	As of March 31, 2019 , the scheduled future minimum rental payments under operating and finance leases with non-cancellable basic terms of more than one year were as follows: Finance Leases Operating Leases Aircraft Other Aircraft Other (in thousands) Remaining in 2019 $ 18,638 $ 3,665 $ 80,789 $ 6,133 2020 24,850 3,255 90,391 8,217 2021 24,850 1,798 74,713 8,424 2022 24,415 1,779 68,133 8,822 2023 21,370 5,019 60,022 9,029 Thereafter 75,891 7,083 156,680 194,209 Total minimum lease payments 190,014 22,599 530,728 234,834 Less: amounts representing interest (33,224 ) (5,284 ) (77,600 ) (116,502 ) Present value of future minimum lease payments $ 156,790 $ 17,315 $ 453,128 $ 118,332 Less: current maturities of lease obligations (17,817 ) (3,885 ) (87,908 ) (2,573 ) Long-term lease obligations $ 138,973 $ 13,430 $ 365,220 $ 115,759
Operating lease maturity	As of March 31, 2019 , the scheduled future minimum rental payments under operating and finance leases with non-cancellable basic terms of more than one year were as follows: Finance Leases Operating Leases Aircraft Other Aircraft Other (in thousands) Remaining in 2019 $ 18,638 $ 3,665 $ 80,789 $ 6,133 2020 24,850 3,255 90,391 8,217 2021 24,850 1,798 74,713 8,424 2022 24,415 1,779 68,133 8,822 2023 21,370 5,019 60,022 9,029 Thereafter 75,891 7,083 156,680 194,209 Total minimum lease payments 190,014 22,599 530,728 234,834 Less: amounts representing interest (33,224 ) (5,284 ) (77,600 ) (116,502 ) Present value of future minimum lease payments $ 156,790 $ 17,315 $ 453,128 $ 118,332 Less: current maturities of lease obligations (17,817 ) (3,885 ) (87,908 ) (2,573 ) Long-term lease obligations $ 138,973 $ 13,430 $ 365,220 $ 115,759

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	3 Months Ended
	Mar. 31, 2019
Retirement Benefits [Abstract]
Schedule of net periodic benefit cost	The components of net periodic benefit cost for the Company’s defined benefit and other post-retirement plans included the following: Three months ended March 31, Components of Net Period Benefit Cost 2019 2018 (in thousands) Service cost $ 2,096 $ 1,962 Other cost: Interest cost 5,608 5,009 Expected return on plan assets (5,483 ) (5,588 ) Recognized net actuarial loss 887 680 Total other components of the net periodic benefit cost 1,012 101 Net periodic benefit cost $ 3,108 $ 2,063

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of firm aircraft and engine orders	As of March 31, 2019 , the Company had the following capital commitments consisting of firm aircraft and engine orders and purchase rights for additional aircraft and engines: Aircraft Type Firm Orders Purchase Rights Expected Delivery Dates A321neo aircraft 6 3 Between 2019 and 2020 B787-9 aircraft 10 10 Between 2021 and 2025 Pratt & Whitney spare engines: A321neo spare engines 1 2 In 2019 General Electric GEnx spare engines: B787-9 spare engines 2 2 Between 2021 and 2025
Schedule of committed capital and operating expenditures	The gross committed expenditures and committed payments for those deliveries as of March 31, 2019 are detailed below: Aircraft and aircraft related Other Total Committed (in thousands) Remaining in 2019 $ 277,660 $ 55,886 $ 333,546 2020 161,854 69,729 231,583 2021 313,668 66,104 379,772 2022 435,406 58,499 493,905 2023 245,465 53,357 298,822 Thereafter 477,144 164,846 641,990 $ 1,911,197 $ 468,421 $ 2,379,618

Condensed Consolidating Finan_2

Condensed Consolidating Financial Information (Tables)	3 Months Ended
	Mar. 31, 2019
Condensed Financial Information 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 March 31, 2019 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 656,090 $ 792 $ (131 ) $ 656,751 Operating Expenses: Wages and benefits — 175,065 — — 175,065 Aircraft fuel, including taxes and delivery — 126,104 — — 126,104 Maintenance, materials and repairs — 61,802 1,243 — 63,045 Aircraft and passenger servicing — 38,900 — — 38,900 Commissions and other selling — 30,865 18 (47 ) 30,836 Aircraft rent — 30,367 29 — 30,396 Other rentals and landing fees — 31,019 27 — 31,046 Depreciation and amortization — 36,492 1,659 — 38,151 Purchased services 54 32,193 222 (16 ) 32,453 Other 1,842 35,856 449 (68 ) 38,079 Total 1,896 598,663 3,647 (131 ) 604,075 Operating Income (Loss) (1,896 ) 57,427 (2,855 ) — 52,676 Nonoperating Income (Expense): Undistributed net income of subsidiaries 37,849 — — (37,849 ) — Interest expense and amortization of debt discounts and issuance costs — (7,514 ) (16 ) — (7,530 ) Interest income 8 2,975 — — 2,983 Capitalized interest — 1,285 — — 1,285 Gains on fuel derivatives — 570 — — 570 Other, net — (1,069 ) 44 — (1,025 ) Total 37,857 (3,753 ) 28 (37,849 ) (3,717 ) Income (Loss) Before Income Taxes 35,961 53,674 (2,827 ) (37,849 ) 48,959 Income tax expense (benefit) (397 ) 13,591 (593 ) — 12,601 Net Income (Loss) $ 36,358 $ 40,083 $ (2,234 ) $ (37,849 ) $ 36,358 Comprehensive Income (Loss) $ 38,619 $ 42,344 $ (2,234 ) $ (40,110 ) $ 38,619 Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) Three months ended March 31, 2018 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 663,412 $ 2,127 $ (127 ) $ 665,412 Operating Expenses: Wages and benefits — 168,709 — — 168,709 Aircraft fuel, including taxes and delivery — 133,446 — — 133,446 Maintenance, materials and repairs — 57,494 647 — 58,141 Aircraft and passenger servicing — 36,518 — — 36,518 Commissions and other selling (5 ) 31,958 20 (48 ) 31,925 Aircraft rent — 31,900 — — 31,900 Depreciation and amortization — 31,275 970 — 32,245 Other rentals and landing fees — 30,815 — — 30,815 Purchased services 90 30,868 178 (15 ) 31,121 Contract terminations expense — 35,322 — — 35,322 Other 1,581 37,123 365 (64 ) 39,005 Total 1,666 625,428 2,180 (127 ) 629,147 Operating Income (Loss) (1,666 ) 37,984 (53 ) — 36,265 Nonoperating Income (Expense): Undistributed net income of subsidiaries 29,810 — — (29,810 ) — Interest expense and amortization of debt discounts and issuance costs — (8,555 ) — — (8,555 ) Interest income 65 1,409 — — 1,474 Capitalized interest — 2,238 — — 2,238 Gains on fuel derivatives — 4,617 — — 4,617 Other, net (4 ) 1,055 5 — 1,056 Total 29,871 764 5 (29,810 ) 830 Income (Loss) Before Income Taxes 28,205 38,748 (48 ) (29,810 ) 37,095 Income tax expense (benefit) (337 ) 8,900 (10 ) — 8,553 Net Income (Loss) $ 28,542 $ 29,848 $ (38 ) $ (29,810 ) $ 28,542 Comprehensive Income (Loss) $ 21,351 $ 22,657 $ (38 ) $ (22,619 ) $ 21,351
Schedule of Condensed Consolidating Balance Sheets	Condensed Consolidating Balance Sheets March 31, 2019 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) ASSETS Current assets: Cash and cash equivalents $ 4,257 $ 352,136 $ 8,707 $ — $ 365,100 Short-term investments — 166,817 — — 166,817 Accounts receivable, net — 109,685 1,290 (317 ) 110,658 Spare parts and supplies, net — 36,461 — — 36,461 Prepaid expenses and other 301 60,022 230 — 60,553 Total 4,558 725,121 10,227 (317 ) 739,589 Property and equipment at cost — 2,698,634 89,651 — 2,788,285 Less accumulated depreciation and amortization — (661,647 ) (16,781 ) — (678,428 ) Property and equipment, net — 2,036,987 72,870 — 2,109,857 Operating lease right-of-use assets — 613,103 — — 613,103 Long-term prepayments and other — 170,709 304 — 171,013 Goodwill and other intangible assets, net — 119,975 577 — 120,552 Intercompany receivable — 478,365 — (478,365 ) — Investment in consolidated subsidiaries 1,438,210 — 504 (1,438,714 ) — TOTAL ASSETS $ 1,442,768 $ 4,144,260 $ 84,482 $ (1,917,396 ) $ 3,754,114 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 776 $ 142,417 $ 2,191 $ (317 ) $ 145,067 Air traffic liability — 686,165 4,845 — 691,010 Other accrued liabilities — 130,452 294 — 130,746 Current maturities of long-term debt, less discount, and finance lease obligations — 93,479 4 — 93,483 Current maturities of operating leases — 90,481 — — 90,481 Total 776 1,142,994 7,334 (317 ) 1,150,787 Long-term debt and finance lease obligations — 519,105 — — 519,105 Intercompany payable 466,932 — 11,433 (478,365 ) — Other liabilities and deferred credits: Noncurrent operating leases — 480,979 — — 480,979 Accumulated pension and other post-retirement benefit obligations — 180,232 — — 180,232 Other liabilities and deferred credits — 106,377 1,120 — 107,497 Noncurrent frequent flyer deferred revenue — 170,149 — — 170,149 Deferred tax liabilities, net — 170,305 — — 170,305 Total — 1,108,042 1,120 — 1,109,162 Shareholders’ equity 975,060 1,374,119 64,595 (1,438,714 ) 975,060 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,442,768 $ 4,144,260 $ 84,482 $ (1,917,396 ) $ 3,754,114 Condensed Consolidating Balance Sheets December 31, 2018 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) ASSETS Current assets: Cash and cash equivalents $ 5,154 $ 255,279 $ 8,144 $ — $ 268,577 Short-term investments — 232,241 — — 232,241 Accounts receivable, net — 109,499 2,569 (234 ) 111,834 Spare parts and supplies, net — 33,942 — — 33,942 Prepaid expenses and other 165 58,296 112 — 58,573 Total 5,319 689,257 10,825 (234 ) 705,167 Property and equipment at cost — 2,756,551 92,021 — 2,848,572 Less accumulated depreciation and amortization — (648,111 ) (15,350 ) — (663,461 ) Property and equipment, net — 2,108,440 76,671 — 2,185,111 Long-term prepayments and other 62,990 185,161 899 (63,494 ) 185,556 Goodwill and other intangible assets, net — 120,119 693 — 120,812 Intercompany receivable — 456,338 — (456,338 ) — Investment in consolidated subsidiaries 1,325,380 — — (1,325,380 ) — TOTAL ASSETS $ 1,393,689 $ 3,559,315 $ 89,088 $ (1,845,446 ) $ 3,196,646 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 665 $ 139,552 $ 3,163 $ (234 ) $ 143,146 Air traffic liability — 598,387 5,349 — 603,736 Other accrued liabilities — 157,842 312 — 158,154 Current maturities of long-term debt, less discount, and finance lease obligations — 101,052 45 — 101,097 Total 665 996,833 8,869 (234 ) 1,006,133 Long-term debt and finance lease obligations — 604,089 4,595 — 608,684 Intercompany payable 445,030 — 11,308 (456,338 ) — Other liabilities and deferred credits: 0 Accumulated pension and other post-retirement benefit obligations — 182,620 — — 182,620 Other liabilities and deferred credits — 118,682 1,144 — 119,826 Noncurrent frequent flyer deferred revenue — 163,619 — — 163,619 Deferred tax liabilities, net — 167,770 — — 167,770 Total — 632,691 1,144 — 633,835 Shareholders’ equity 947,994 1,325,702 63,172 (1,388,874 ) 947,994 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,393,689 $ 3,559,315 $ 89,088 $ (1,845,446 ) $ 3,196,646
Schedule of Condensed Consolidating Statements of Cash Flows	Condensed Consolidating Statements of Cash Flows Three months ended March 31, 2019 Parent Issuer / Subsidiary Non- Eliminations Consolidated (in thousands) Net Cash Provided By (Used In) Operating Activities $ (670 ) $ 152,752 $ (1,402 ) $ — $ 150,680 Cash Flows From Investing Activities: Net payments to affiliates (4,250 ) (20,920 ) — 25,170 — Additions to property and equipment, including pre-delivery deposits — (71,978 ) (2,283 ) — (74,261 ) Proceeds from the sale and sale leaseback of aircraft and aircraft related equipment — 2,780 — — 2,780 Purchases of investments — (71,454 ) — — (71,454 ) Sales of investments — 137,286 — — 137,286 Other — (6,275 ) — — (6,275 ) Net cash used in investing activities (4,250 ) (30,561 ) (2,283 ) 25,170 (11,924 ) Cash Flows From Financing Activities: Long-term borrowings — — — — — Repayments of long-term debt and finance lease obligations — (24,352 ) (2 ) — (24,354 ) Debt issuance costs — — — — — Dividend payments (5,811 ) — — — (5,811 ) Net payments from affiliates 20,920 — 4,250 (25,170 ) — Repurchases of common stock (11,086 ) — — — (11,086 ) Other — (982 ) — — (982 ) Net cash provided by (used in) financing activities 4,023 (25,334 ) 4,248 (25,170 ) (42,233 ) Net increase (decrease) in cash and cash equivalents (897 ) 96,857 563 — 96,523 Cash, cash equivalents, & restricted cash - Beginning of Period 5,154 255,279 8,144 — 268,577 Cash, cash equivalents, & restricted cash - End of Period $ 4,257 $ 352,136 $ 8,707 $ — $ 365,100 Condensed Consolidating Statements of Cash Flows Three months ended March 31, 2018 Parent Issuer / Subsidiary Non- Eliminations Consolidated (in thousands) Net Cash Provided By (Used In) Operating Activities $ (931 ) $ 224,935 $ 1,541 $ — $ 225,545 Cash Flows From Investing Activities: Net payments to affiliates (6,500 ) (6,000 ) — 12,500 — Additions to property and equipment, including pre-delivery deposits — (102,595 ) (8,302 ) — (110,897 ) Purchases of investments — (30,386 ) — — (30,386 ) Sales of investments — 53,984 — — 53,984 Net cash used in investing activities (6,500 ) (84,997 ) (8,302 ) 12,500 (87,299 ) Cash Flows From Financing Activities: Repayments of long-term debt and finance lease obligations — (20,395 ) — — (20,395 ) Dividend payments (6,145 ) — — — (6,145 ) Net payments from affiliates 6,000 — 6,500 (12,500 ) — Repurchases of Common Stock (20,243 ) — — — (20,243 ) Other 78 (3,309 ) — — (3,231 ) Net cash provided by (used in) financing activities (20,310 ) (23,704 ) 6,500 (12,500 ) (50,014 ) Net increase (decrease) in cash and cash equivalents (27,741 ) 116,234 (261 ) — 88,232 Cash, cash equivalents, & restricted cash - Beginning of Period 57,405 126,861 7,687 — 191,953 Cash, cash equivalents, & restricted cash - End of Period $ 29,664 $ 243,095 $ 7,426 $ — $ 280,185

Significant Accounting Polici_3

Significant Accounting Policies Narrative (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Mar. 31, 2019	Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets		$ 613,103	$ 0
Cumulative effect of accounting change (ASU 2016-02), net of tax	$ 4,900
ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Present value of future minimum lease payments	593,500
Operating lease right-of-use assets	635,600
Cumulative effect on retained earnings, tax	1,600
ASU 2016-02 | Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative effect of accounting change (ASU 2016-02), net of tax	4,900
Build-To-Suit Lease | ASU 2016-02
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Present value of future minimum lease payments	90,800
Operating lease right-of-use assets	$ 124,700

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Amounts reclassified from AOCI
Revenue	$ (656,751)	$ (665,412)
Nonoperating Income (Expense), Other, net	1,025	(1,056)
Total before tax	(48,959)	(37,095)
Tax expense (benefit)	12,601	8,553
Total, net of tax	(36,358)	(28,542)
Net income	(36,358)	(28,542)
Amount reclassified from accumulated other comprehensive income (loss)
Amounts reclassified from AOCI
Net income	(551)	1,439
Derivatives designated as hedging instruments under ASC 815 | Amount reclassified from accumulated other comprehensive income (loss)
Amounts reclassified from AOCI
Total before tax	(1,587)	1,221
Tax expense (benefit)	391	(299)
Total, net of tax	(1,196)	922
Defined benefit plan | Amount reclassified from accumulated other comprehensive income (loss)
Amounts reclassified from AOCI
Total before tax	887	680
Tax expense (benefit)	(168)	(167)
Total, net of tax	719	513
Actuarial loss | Amount reclassified from accumulated other comprehensive income (loss)
Amounts reclassified from AOCI
Nonoperating Income (Expense), Other, net	831	624
Prior service cost | Amount reclassified from accumulated other comprehensive income (loss)
Amounts reclassified from AOCI
Nonoperating Income (Expense), Other, net	56	56
Short-term investments | Amount reclassified from accumulated other comprehensive income (loss)
Amounts reclassified from AOCI
Realized losses (gain) on sales of investments, net	(98)	5
Total before tax	(98)	5
Tax expense (benefit)	24	(1)
Total, net of tax	(74)	4
Passenger
Amounts reclassified from AOCI
Revenue	(601,304)	(611,600)
Passenger | Derivatives designated as hedging instruments under ASC 815 | Amount reclassified from accumulated other comprehensive income (loss) | Foreign currency derivative losses (gains)
Amounts reclassified from AOCI
Revenue	$ (1,587)	$ 1,221

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Rollforward of Accumulated other comprehensive income (loss)
Beginning balance	$ 947,994	$ 845,125
Other comprehensive income (loss) before reclassifications, net of tax	2,812	(8,630)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(551)	1,439
Net current-period other comprehensive income (loss)	2,261	(7,191)
Ending balance	975,060	838,214
Accumulated net gain (loss) from cash flow hedges | Foreign Currency Derivatives
Rollforward of Accumulated other comprehensive income (loss)
Beginning balance	3,317	1,249
Other comprehensive income (loss) before reclassifications, net of tax	2,341	(8,166)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(1,196)	922
Net current-period other comprehensive income (loss)	1,145	(7,244)
Ending balance	4,462	(5,995)
Defined Benefit Plan Items
Rollforward of Accumulated other comprehensive income (loss)
Beginning balance	(95,855)	(75,953)
Other comprehensive income (loss) before reclassifications, net of tax	(143)	0
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	719	513
Net current-period other comprehensive income (loss)	576	513
Ending balance	(95,279)	(75,440)
Short-Term Investments
Rollforward of Accumulated other comprehensive income (loss)
Beginning balance	(602)	(560)
Other comprehensive income (loss) before reclassifications, net of tax	614	(464)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(74)	4
Net current-period other comprehensive income (loss)	540	(460)
Ending balance	(62)	(1,020)
Total
Rollforward of Accumulated other comprehensive income (loss)
Beginning balance	(93,140)	(75,264)
Net current-period other comprehensive income (loss)	2,261	(7,191)
Ending balance	$ (90,879)	$ (82,455)

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
	Mar. 31, 2019	Mar. 31, 2018
Numerator:
Net income	$ 36,358	$ 28,542
Denominator:
Weighted average common stock shares outstanding - Basic (in shares)	48,392	51,055
Assumed exercise of stock options and awards (in shares)	37	144
Weighted average common stock shares outstanding - Diluted (in shares)	48,429	51,199
Net Income Per Share
Basic (in dollars per share)	$ 0.75	$ 0.56
Diluted (in dollars per share)	$ 0.75	$ 0.56

Earnings Per Share - Stock Repu

Earnings Per Share - Stock Repurchase Program and Dividends (Details) - USD ($)	1 Months Ended		3 Months Ended
	Nov. 30, 2018	Nov. 30, 2017	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Approved stock repurchase amount	$ 100,000,000	$ 100,000,000
Period of approved stock repurchase program	2 years	2 years
Amount spent to repurchase shares			$ 11,100,000	$ 20,200,000
Number of shares repurchased and retired (in shares)			403,598	548,861
Remaining authorized repurchase amount			$ 86,400,000
Cash dividend declared (in dollars per share)			$ 0.12	$ 0.12
Declared and paid cash dividend			$ 5,811,000	$ 6,145,000

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation Of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Capitalized Contract Cost, Net	$ 19,200		$ 16,300
Operating revenue	656,751	$ 665,412
Passenger revenue, excluding frequent flyer
Disaggregation of Revenue [Line Items]
Operating revenue	567,855	577,955
Frequent flyer revenue, transportation component
Disaggregation of Revenue [Line Items]
Operating revenue	33,449	33,645
Passenger Revenue
Disaggregation of Revenue [Line Items]
Operating revenue	601,304	611,600
Other revenue (e.g., cargo and other miscellaneous)
Disaggregation of Revenue [Line Items]
Operating revenue	36,231	38,690
Frequent flyer revenue, marketing and brand component
Disaggregation of Revenue [Line Items]
Operating revenue	19,216	15,122
Other Revenue
Disaggregation of Revenue [Line Items]
Operating revenue	55,447	53,812
Domestic
Disaggregation of Revenue [Line Items]
Operating revenue	477,520	492,202
Pacific
Disaggregation of Revenue [Line Items]
Operating revenue	$ 179,231	$ 173,210

Revenue Recognition (Details)

Revenue Recognition (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)segmentline_of_business	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)
Disaggregation of Revenue [Line Items]
Number of lines of business | line_of_business	1
Number of segments | segment	1
Operating revenue	$ 656,751	$ 665,412
Revenue, performance obligation, timing	represents future revenue that is expected to be realized over the next 12 months
Cost to obtain or fulfill a contract	$ 19,200		$ 16,300
Expenses related to costs to obtain or fulfill a contract	38,900	36,518
Passenger revenue, excluding frequent flyer
Disaggregation of Revenue [Line Items]
Operating revenue	567,855	577,955
Air traffic liability	514,900		427,800
Air traffic revenue recognized	296,900	260,300
Frequent flyer revenue, transportation component
Disaggregation of Revenue [Line Items]
Operating revenue	33,449	33,645
Air traffic liability	$ 339,700		$ 332,200
Weighted average ETV period	12 months
Period for mile expiration	18 months
Fulfillment Services
Disaggregation of Revenue [Line Items]
Expenses related to costs to obtain or fulfill a contract	$ 22,500	$ 23,900

Short-Term Investments (Details

Short-Term Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Marketable Securities [Line Items]
Amortized Cost	$ 166,858	$ 232,997
Gross Unrealized Gains	232	54
Gross Unrealized Losses	(273)	(810)
Contractual Maturities
Under 1 Year	100,083
1 to 5 Years	66,734
Total	166,817	232,241
Corporate debt
Marketable Securities [Line Items]
Amortized Cost	101,348	142,748
Gross Unrealized Gains	231	49
Gross Unrealized Losses	(238)	(695)
Contractual Maturities
Under 1 Year	38,940
1 to 5 Years	62,401
Total	101,341	142,102
U.S. government and agency debt
Marketable Securities [Line Items]
Amortized Cost	16,043	37,163
Gross Unrealized Gains	0	3
Gross Unrealized Losses	(17)	(59)
Contractual Maturities
Under 1 Year	16,026
1 to 5 Years	0
Total	16,026	37,107
Municipal bonds
Marketable Securities [Line Items]
Amortized Cost	9,073	9,903
Gross Unrealized Gains	1	0
Gross Unrealized Losses	(9)	(32)
Contractual Maturities
Under 1 Year	7,235
1 to 5 Years	1,830
Total	9,065	9,871
Certificates of Deposit
Marketable Securities [Line Items]
Amortized Cost	23,213
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Contractual Maturities
Under 1 Year	22,210
1 to 5 Years	1,003
Total	23,213
Other fixed income securities
Marketable Securities [Line Items]
Amortized Cost	17,181	43,183
Gross Unrealized Gains	0	2
Gross Unrealized Losses	(9)	(24)
Contractual Maturities
Under 1 Year	15,672
1 to 5 Years	1,500
Total	$ 17,172	$ 43,161

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Assets and Liabilities, Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value Measurements
Short-term investments	$ 166,817	$ 232,241
Recurring basis
Fair Value Measurements
Cash equivalents	152,947	121,154
Short-term investments	166,817	232,241
Total assets measured at fair value	329,870	359,546
Total liabilities measured at fair value	228	1,347
Recurring basis | Fuel derivative contracts
Fair Value Measurements
Derivative assets	5,084	1,572
Recurring basis | Foreign currency derivatives
Fair Value Measurements
Derivative assets	5,022	4,579
Derivative contracts	228	1,347
Recurring basis | Level 1
Fair Value Measurements
Cash equivalents	122,825	42,175
Short-term investments	0	0
Total assets measured at fair value	122,825	42,175
Total liabilities measured at fair value	0	0
Recurring basis | Level 1 | Fuel derivative contracts
Fair Value Measurements
Derivative assets	0	0
Recurring basis | Level 1 | Foreign currency derivatives
Fair Value Measurements
Derivative assets	0	0
Derivative contracts	0	0
Recurring basis | Level 2
Fair Value Measurements
Cash equivalents	30,122	78,979
Short-term investments	166,817	232,241
Total assets measured at fair value	207,045	317,371
Total liabilities measured at fair value	228	1,347
Recurring basis | Level 2 | Fuel derivative contracts
Fair Value Measurements
Derivative assets	5,084	1,572
Recurring basis | Level 2 | Foreign currency derivatives
Fair Value Measurements
Derivative assets	5,022	4,579
Derivative contracts	228	1,347
Recurring basis | Level 3
Fair Value Measurements
Cash equivalents	0	0
Short-term investments	0	0
Total assets measured at fair value	0	0
Total liabilities measured at fair value	0	0
Recurring basis | Level 3 | Fuel derivative contracts
Fair Value Measurements
Derivative assets	0	0
Recurring basis | Level 3 | Foreign currency derivatives
Fair Value Measurements
Derivative assets	0	0
Derivative contracts	$ 0	$ 0

Fair Value Measurements - Sch_2

Fair Value Measurements - Schedule of Certain Debt (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value Measurements
Carrying value of debt	$ 448,399	$ 467,760
Recurring basis
Fair Value Measurements
Fair value of debt	448,960	461,805
Recurring basis | Level 1
Fair Value Measurements
Fair value of debt	0	0
Recurring basis | Level 2
Fair Value Measurements
Fair value of debt	0	0
Recurring basis | Level 3
Fair Value Measurements
Fair value of debt	$ 448,960	$ 461,805

Financial Derivative Instrume_3

Financial Derivative Instruments - Realized and Unrealized Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Derivative instrument
Gains (losses) on fuel derivatives recorded as nonoperating income (expense)	$ 570	$ 4,617
Derivatives not designated as hedges | Fuel derivative contracts
Derivative instrument
Gains (losses) realized at settlement	(2,844)	5,661
Reversal of prior period unrealized amounts	8,181	(11,792)
Unrealized gains (losses) that will settle in future periods	(4,767)	10,748
Gains (losses) on fuel derivatives recorded as nonoperating income (expense)	570	$ 4,617
Derivatives designated as hedges | Foreign currency derivatives
Derivative instrument
Expected reclassification of net gain	$ 4,800
Reclassification estimated time period	12 months

Financial Derivative Instrume_4

Financial Derivative Instruments - Derivative Position (Details) ¥ in Thousands, gal in Thousands, $ in Thousands, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019JPY (¥)gal	Dec. 31, 2018JPY (¥)gal	Mar. 31, 2019AUD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2018AUD ($)	Dec. 31, 2018USD ($)
Derivatives designated as hedges | Foreign currency derivatives | Prepaid expenses and other
Fair Value of Derivatives
Notional Amount	¥ 15,964,300	¥ 15,933,550	$ 43,360		$ 48,709
Gross fair value of assets, current				$ 4,133		$ 3,922
Gross fair value of liabilities, current				(180)		(915)
Net derivative position				3,953		3,007
Derivatives designated as hedges | Foreign currency derivatives | Long-term prepayments and other
Fair Value of Derivatives
Notional Amount	4,457,800	4,491,350	7,571		9,419
Gross fair value of assets, noncurrent				809		633
Gross fair value of liabilities, noncurrent				(31)		(292)
Net derivative position				778		341
Derivatives not designated as hedges | Foreign currency derivatives | Prepaid expenses and other
Fair Value of Derivatives
Notional Amount	¥ 841,550		$ 2,304
Gross fair value of assets, current				80
Gross fair value of liabilities, current				(17)
Net derivative position				63
Derivatives not designated as hedges | Foreign currency derivatives | Other accrued liabilities
Fair Value of Derivatives
Notional Amount		¥ 832,900			$ 2,785
Gross fair value of assets, current						24
Gross fair value of liabilities, current						(140)
Net derivative position						(116)
Derivatives not designated as hedges | Fuel derivative contracts | Prepaid expenses and other
Fair Value of Derivatives
Notional Amount (in gallons) | gal	95,760	95,256
Gross fair value of assets, current				5,084		1,572
Gross fair value of liabilities, current				0		0
Net derivative position				$ 5,084		$ 1,572

Financial Derivative Instrume_5

Financial Derivative Instruments - Impact of Cash Flow Hedges (Details) - Cash Flow Hedging - Foreign currency derivatives - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Gains (losses) for designated hedge contracts
(Gain) loss recognized in AOCI on derivatives (effective portion)	$ (3,106)	$ 10,809
(Gain) loss reclassified from AOCI into income (effective portion)	(1,587)	1,221
(Gain) loss recognized in nonoperating (income) expense (ineffective portion)	$ 0	$ 0

Financial Derivative Instrume_6

Financial Derivative Instruments - Risk and Collateral (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Collateral posted with counterparties	$ 0	$ 0

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	1 Months Ended	3 Months Ended
	Nov. 30, 2016USD ($)	Mar. 31, 2019aircraftengine
Operating Leased Assets [Line Items]
Number of aircraft under lease | aircraft		19
Number of aircraft under financing lease | aircraft		5
Number of aircraft under operating lease | aircraft		14
Number of engines under operating lease | engine		5
Estimated remaining construction costs | $	$ 37.3
Property, plant and equipment, additions | $	73
Finance lease, liability | $	$ 73
Aircraft | Minimum
Operating Leased Assets [Line Items]
Operating and finance lease, remaining terms		1 year
Aircraft | Maximum
Operating Leased Assets [Line Items]
Operating and finance lease, remaining terms		11 years
Engines | Minimum
Operating Leased Assets [Line Items]
Operating lease, remaining lease terms		1 year
Engines | Maximum
Operating Leased Assets [Line Items]
Operating lease, remaining lease terms		8 years
Airport space | Minimum
Operating Leased Assets [Line Items]
Operating lease, remaining lease terms		1 month
Airport space | Maximum
Operating Leased Assets [Line Items]
Operating lease, remaining lease terms		33 years
Office space | Minimum
Operating Leased Assets [Line Items]
Operating lease, remaining lease terms		1 year
Office space | Maximum
Operating Leased Assets [Line Items]
Operating lease, remaining lease terms		8 years
Cargo and maintenance hangar
Operating Leased Assets [Line Items]
Operating lease, remaining lease terms	33 years
IT assets | Minimum
Operating Leased Assets [Line Items]
Operating lease, remaining lease terms		1 year
IT assets | Maximum
Operating Leased Assets [Line Items]
Operating lease, remaining lease terms		3 years

Leases - Leases Related Assets

Leases - Leases Related Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Assets:
Operating lease assets	$ 613,103	$ 0
Finance lease assets	164,558
Total lease assets	777,661
Current
Operating	90,481	0
Finance	21,702
Noncurrent
Operating	480,979	$ 0
Finance	152,403
Total lease liabilities	$ 745,565
Weighted-average remaining lease term
Operating leases	11 years 1 month
Finance leases	9 years 1 month
Weighted-average discount rate
Operating leases	4.97%
Finance leases	4.74%

Leases - Lease Costs (Details)

Leases - Lease Costs (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Finance lease cost:
Amortization of right-of-use assets	$ 6,098
Interest of lease liabilities	2,092
Operating lease cost	29,468
Short-term lease cost	1,988
Variable lease cost	29,986
Total lease cost	$ 69,632

Leases - Cash Flow Information

Leases - Cash Flow Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 28,958
Operating cash flows from finance leases	2,092
Financing cash flows from finance lease	$ 5,622

Leases - Operating and Finance

Leases - Operating and Finance Lease Maturity Schedule (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Nov. 30, 2016
Finance Leases
Present value of future minimum lease payments			$ 73,000
Less: current maturities of lease obligations	$ (21,702)
Long-term lease obligations	152,403
Operating Leases
Less: current maturities of lease obligations	(90,481)	$ 0
Long-term lease obligations	480,979	$ 0
Aircraft
Finance Leases
Remaining in 2019	18,638
2020	24,850
2021	24,850
2022	24,415
2023	21,370
Thereafter	75,891
Total minimum lease payments	190,014
Less: amounts representing interest	(33,224)
Present value of future minimum lease payments	156,790
Less: current maturities of lease obligations	(17,817)
Long-term lease obligations	138,973
Operating Leases
Remaining in 2019	80,789
2020	90,391
2021	74,713
2022	68,133
2023	60,022
Thereafter	156,680
Total minimum lease payments	530,728
Less: amounts representing interest	(77,600)
Present value of future minimum lease payments	453,128
Less: current maturities of lease obligations	(87,908)
Long-term lease obligations	365,220
Other
Finance Leases
Remaining in 2019	3,665
2020	3,255
2021	1,798
2022	1,779
2023	5,019
Thereafter	7,083
Total minimum lease payments	22,599
Less: amounts representing interest	(5,284)
Present value of future minimum lease payments	17,315
Less: current maturities of lease obligations	(3,885)
Long-term lease obligations	13,430
Operating Leases
Remaining in 2019	6,133
2020	8,217
2021	8,424
2022	8,822
2023	9,029
Thereafter	194,209
Total minimum lease payments	234,834
Less: amounts representing interest	(116,502)
Present value of future minimum lease payments	118,332
Less: current maturities of lease obligations	(2,573)
Long-term lease obligations	$ 115,759

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Components of Net Period Benefit Cost
Service cost	$ 2,096	$ 1,962
Other cost:
Interest cost	5,608	5,009
Expected return on plan assets	(5,483)	(5,588)
Recognized net actuarial loss	887	680
Total other components of the net periodic benefit cost	1,012	101
Net periodic benefit cost	$ 3,108	$ 2,063

Commitments and Contingent Li_3

Commitments and Contingent Liabilities - Capital Commitments and Operating Expenditures (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)orderpurchase_right
Total Committed Expenditures
Remaining in 2019	$ 333,546
2020	231,583
2021	379,772
2022	493,905
2023	298,822
Thereafter	641,990
Total	2,379,618
Aircraft and aircraft related
Total Committed Expenditures
Remaining in 2019	277,660
2020	161,854
2021	313,668
2022	435,406
2023	245,465
Thereafter	477,144
Total	$ 1,911,197
Aircraft and aircraft related | A321neo spare engines
Long-term Purchase Commitment [Line Items]
Number of aircraft firm orders | order	1
Number of aircraft purchase rights | purchase_right	2
Aircraft and aircraft related | B787-9 spare engines
Long-term Purchase Commitment [Line Items]
Number of aircraft firm orders | order	2
Number of aircraft purchase rights | purchase_right	2
Aircraft and aircraft related | A321neo aircraft
Long-term Purchase Commitment [Line Items]
Number of aircraft firm orders | order	6
Number of aircraft purchase rights | purchase_right	3
Aircraft and aircraft related | B787-9 aircraft
Long-term Purchase Commitment [Line Items]
Number of aircraft firm orders | order	10
Number of aircraft purchase rights | purchase_right	10
Other
Total Committed Expenditures
Remaining in 2019	$ 55,886
2020	69,729
2021	66,104
2022	58,499
2023	53,357
Thereafter	164,846
Total	$ 468,421

Commitments and Contingent Li_4

Commitments and Contingent Liabilities (Details)	1 Months Ended
	Oct. 31, 2018orderpurchase_right	Jul. 31, 2018aircraft	Feb. 28, 2018aircraft	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
A-330-800-Neo
Long-term Purchase Commitment [Line Items]
Number of aircrafts terminated			6
Number of aircraft purchase rights			6
B787-9 aircraft
Long-term Purchase Commitment [Line Items]
Number of aircrafts under purchase agreement		10
Number of aircrafts with purchase rights under purchase agreement		10
GEnx engines | B787-9 aircraft
Long-term Purchase Commitment [Line Items]
Number of engine firm order | purchase_right	20
Number of engine purchase rights | order	20
GEnx spare engines | B787-9 aircraft
Long-term Purchase Commitment [Line Items]
Number of spare engine, with option to purchase | purchase_right	4
Credit Card Processing Agreements
Long-term Purchase Commitment [Line Items]
Restricted cash | $				$ 0	$ 0
Maximum limit of holdback (up to)				100.00%

Contract Terminations Expense (

Contract Terminations Expense (Details) $ in Thousands	1 Months Ended		3 Months Ended
	Feb. 28, 2018aircraft	Jan. 31, 2018USD ($)aircraftengine	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)contract
Extraordinary Item [Line Items]
Number of terminated contracts | contract				2
Contract terminations expense | $			$ 0	$ 35,322
A-330-800-Neo
Extraordinary Item [Line Items]
Number of aircrafts terminated	6
Number of aircraft purchase rights	6
B767-300 aircraft
Extraordinary Item [Line Items]
Sale leaseback agreement, contract exit costs | $		$ 67,100
Aircraft | B767-300 aircraft
Extraordinary Item [Line Items]
Sale lease-back transaction, number of aircraft		3
Number of engines under sale-leaseback | engine		2

Condensed Consolidating Finan_3

Condensed Consolidating Financial Information - Narrative and Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)pass_through_trust	Mar. 31, 2018USD ($)
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
Operating revenue	$ 656,751	$ 665,412
Operating Expenses:
Wages and benefits	175,065	168,709
Aircraft fuel, including taxes and delivery	126,104	133,446
Maintenance, materials and repairs	63,045	58,141
Aircraft and passenger servicing	38,900	36,518
Commissions and other selling	30,836	31,925
Aircraft rent	30,396	31,900
Other rentals and landing fees	31,046	30,815
Depreciation and amortization	38,151	32,245
Purchased services	32,453	31,121
Contract terminations expense	0	35,322
Other	38,079	39,005
Total	604,075	629,147
Operating Income (Loss)	52,676	36,265
Nonoperating Income (Expense):
Undistributed net income of subsidiaries	0	0
Interest expense and amortization of debt discounts and issuance costs	(7,530)	(8,555)
Interest income	2,983	1,474
Capitalized interest	1,285	2,238
Gains (losses) on fuel derivatives	570	4,617
Other, net	(1,025)	1,056
Total	(3,717)	830
Income Before Income Taxes	48,959	37,095
Income tax expense (benefit)	12,601	8,553
Net Income (Loss)	36,358	28,542
Comprehensive Income (Loss)	38,619	21,351
Eliminations
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
Operating revenue	(131)	(127)
Operating Expenses:
Wages and benefits	0	0
Aircraft fuel, including taxes and delivery	0	0
Maintenance, materials and repairs	0	0
Aircraft and passenger servicing	0	0
Commissions and other selling	(47)	(48)
Aircraft rent	0	0
Other rentals and landing fees	0	0
Depreciation and amortization	0	0
Purchased services	(16)	(15)
Contract terminations expense		0
Other	(68)	(64)
Total	(131)	(127)
Operating Income (Loss)	0	0
Nonoperating Income (Expense):
Undistributed net income of subsidiaries	(37,849)	(29,810)
Interest expense and amortization of debt discounts and issuance costs	0	0
Interest income	0	0
Capitalized interest	0	0
Gains (losses) on fuel derivatives	0	0
Other, net	0	0
Total	(37,849)	(29,810)
Income Before Income Taxes	(37,849)	(29,810)
Income tax expense (benefit)	0	0
Net Income (Loss)	(37,849)	(29,810)
Comprehensive Income (Loss)	(40,110)	(22,619)
Parent Issuer / Guarantor | Reportable Legal Entities
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
Operating revenue	0	0
Operating Expenses:
Wages and benefits	0	0
Aircraft fuel, including taxes and delivery	0	0
Maintenance, materials and repairs	0	0
Aircraft and passenger servicing	0	0
Commissions and other selling	0	(5)
Aircraft rent	0	0
Other rentals and landing fees	0	0
Depreciation and amortization	0	0
Purchased services	54	90
Contract terminations expense		0
Other	1,842	1,581
Total	1,896	1,666
Operating Income (Loss)	(1,896)	(1,666)
Nonoperating Income (Expense):
Undistributed net income of subsidiaries	37,849	29,810
Interest expense and amortization of debt discounts and issuance costs	0	0
Interest income	8	65
Capitalized interest	0	0
Gains (losses) on fuel derivatives	0	0
Other, net	0	(4)
Total	37,857	29,871
Income Before Income Taxes	35,961	28,205
Income tax expense (benefit)	(397)	(337)
Net Income (Loss)	36,358	28,542
Comprehensive Income (Loss)	$ 38,619	21,351
Subsidiary Issuer / Guarantor
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
Number of pass-through trusts | pass_through_trust	2
Subsidiary Issuer / Guarantor | Reportable Legal Entities
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
Operating revenue	$ 656,090	663,412
Operating Expenses:
Wages and benefits	175,065	168,709
Aircraft fuel, including taxes and delivery	126,104	133,446
Maintenance, materials and repairs	61,802	57,494
Aircraft and passenger servicing	38,900	36,518
Commissions and other selling	30,865	31,958
Aircraft rent	30,367	31,900
Other rentals and landing fees	31,019	30,815
Depreciation and amortization	36,492	31,275
Purchased services	32,193	30,868
Contract terminations expense		35,322
Other	35,856	37,123
Total	598,663	625,428
Operating Income (Loss)	57,427	37,984
Nonoperating Income (Expense):
Undistributed net income of subsidiaries	0	0
Interest expense and amortization of debt discounts and issuance costs	(7,514)	(8,555)
Interest income	2,975	1,409
Capitalized interest	1,285	2,238
Gains (losses) on fuel derivatives	570	4,617
Other, net	(1,069)	1,055
Total	(3,753)	764
Income Before Income Taxes	53,674	38,748
Income tax expense (benefit)	13,591	8,900
Net Income (Loss)	40,083	29,848
Comprehensive Income (Loss)	42,344	22,657
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
Operating revenue	792	2,127
Operating Expenses:
Wages and benefits	0	0
Aircraft fuel, including taxes and delivery	0	0
Maintenance, materials and repairs	1,243	647
Aircraft and passenger servicing	0	0
Commissions and other selling	18	20
Aircraft rent	29	0
Other rentals and landing fees	27	0
Depreciation and amortization	1,659	970
Purchased services	222	178
Contract terminations expense		0
Other	449	365
Total	3,647	2,180
Operating Income (Loss)	(2,855)	(53)
Nonoperating Income (Expense):
Undistributed net income of subsidiaries	0	0
Interest expense and amortization of debt discounts and issuance costs	(16)	0
Interest income	0	0
Capitalized interest	0	0
Gains (losses) on fuel derivatives	0	0
Other, net	44	5
Total	28	5
Income Before Income Taxes	(2,827)	(48)
Income tax expense (benefit)	(593)	(10)
Net Income (Loss)	(2,234)	(38)
Comprehensive Income (Loss)	$ (2,234)	$ (38)

Condensed Consolidating Finan_4

Condensed Consolidating Financial Information - Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 365,100	$ 268,577
Short-term investments	166,817	232,241
Accounts receivable, net	110,658	111,834
Spare parts and supplies, net	36,461	33,942
Prepaid expenses and other	60,553	58,573
Total	739,589	705,167
Property and equipment at cost	2,788,285	2,848,572
Less accumulated depreciation and amortization	(678,428)	(663,461)
Property and equipment, net	2,109,857	2,185,111
Operating lease right-of-use assets	613,103	0
Long-term prepayments and other	171,013	185,556
Goodwill and other intangible assets, net	120,552	120,812
Intercompany receivable	0	0
Investment in consolidated subsidiaries	0	0
Total Assets	3,754,114	3,196,646
Current liabilities:
Accounts payable	145,067	143,146
Air traffic liability	691,010	603,736
Other accrued liabilities	130,746	158,154
Current maturities of long-term debt, less discount, and finance lease obligations	93,483	101,097
Current maturities of operating leases	90,481	0
Total	1,150,787	1,006,133
Long-term debt and finance lease obligations	519,105	608,684
Intercompany payable	0	0
Noncurrent operating leases	480,979	0
Other liabilities and deferred credits:
Accumulated pension and other post-retirement benefit obligations	180,232	182,620
Other liabilities and deferred credits	107,497	119,826
Noncurrent frequent flyer deferred revenue	170,149	163,619
Deferred tax liabilities, net	170,305	167,770
Total	1,109,162	633,835
Shareholders’ equity	975,060	947,994	$ 838,214	$ 845,125
Total Liabilities and Shareholders’ Equity	3,754,114	3,196,646
Eliminations
Current assets:
Cash and cash equivalents	0	0
Short-term investments	0	0
Accounts receivable, net	(317)	(234)
Spare parts and supplies, net	0	0
Prepaid expenses and other	0	0
Total	(317)	(234)
Property and equipment at cost	0	0
Less accumulated depreciation and amortization	0	0
Property and equipment, net	0	0
Operating lease right-of-use assets	0
Long-term prepayments and other	0	(63,494)
Goodwill and other intangible assets, net	0	0
Intercompany receivable	(478,365)	(456,338)
Investment in consolidated subsidiaries	(1,438,714)	(1,325,380)
Total Assets	(1,917,396)	(1,845,446)
Current liabilities:
Accounts payable	(317)	(234)
Air traffic liability	0	0
Other accrued liabilities	0	0
Current maturities of long-term debt, less discount, and finance lease obligations	0	0
Current maturities of operating leases	0
Total	(317)	(234)
Long-term debt and finance lease obligations	0	0
Intercompany payable	(478,365)	(456,338)
Noncurrent operating leases	0
Other liabilities and deferred credits:
Accumulated pension and other post-retirement benefit obligations	0	0
Other liabilities and deferred credits	0	0
Noncurrent frequent flyer deferred revenue	0	0
Deferred tax liabilities, net	0	0
Total	0	0
Shareholders’ equity	(1,438,714)	(1,388,874)
Total Liabilities and Shareholders’ Equity	(1,917,396)	(1,845,446)
Parent Issuer / Guarantor | Reportable Legal Entities
Current assets:
Cash and cash equivalents	4,257	5,154
Short-term investments	0	0
Accounts receivable, net	0	0
Spare parts and supplies, net	0	0
Prepaid expenses and other	301	165
Total	4,558	5,319
Property and equipment at cost	0	0
Less accumulated depreciation and amortization	0	0
Property and equipment, net	0	0
Operating lease right-of-use assets	0
Long-term prepayments and other	0	62,990
Goodwill and other intangible assets, net	0	0
Intercompany receivable	0	0
Investment in consolidated subsidiaries	1,438,210	1,325,380
Total Assets	1,442,768	1,393,689
Current liabilities:
Accounts payable	776	665
Air traffic liability	0	0
Other accrued liabilities	0	0
Current maturities of long-term debt, less discount, and finance lease obligations	0	0
Current maturities of operating leases	0
Total	776	665
Long-term debt and finance lease obligations	0	0
Intercompany payable	466,932	445,030
Noncurrent operating leases	0
Other liabilities and deferred credits:
Accumulated pension and other post-retirement benefit obligations	0	0
Other liabilities and deferred credits	0	0
Noncurrent frequent flyer deferred revenue	0	0
Deferred tax liabilities, net	0	0
Total	0	0
Shareholders’ equity	975,060	947,994
Total Liabilities and Shareholders’ Equity	1,442,768	1,393,689
Subsidiary Issuer / Guarantor | Reportable Legal Entities
Current assets:
Cash and cash equivalents	352,136	255,279
Short-term investments	166,817	232,241
Accounts receivable, net	109,685	109,499
Spare parts and supplies, net	36,461	33,942
Prepaid expenses and other	60,022	58,296
Total	725,121	689,257
Property and equipment at cost	2,698,634	2,756,551
Less accumulated depreciation and amortization	(661,647)	(648,111)
Property and equipment, net	2,036,987	2,108,440
Operating lease right-of-use assets	613,103
Long-term prepayments and other	170,709	185,161
Goodwill and other intangible assets, net	119,975	120,119
Intercompany receivable	478,365	456,338
Investment in consolidated subsidiaries	0	0
Total Assets	4,144,260	3,559,315
Current liabilities:
Accounts payable	142,417	139,552
Air traffic liability	686,165	598,387
Other accrued liabilities	130,452	157,842
Current maturities of long-term debt, less discount, and finance lease obligations	93,479	101,052
Current maturities of operating leases	90,481
Total	1,142,994	996,833
Long-term debt and finance lease obligations	519,105	604,089
Intercompany payable	0	0
Noncurrent operating leases	480,979
Other liabilities and deferred credits:
Accumulated pension and other post-retirement benefit obligations	180,232	182,620
Other liabilities and deferred credits	106,377	118,682
Noncurrent frequent flyer deferred revenue	170,149	163,619
Deferred tax liabilities, net	170,305	167,770
Total	1,108,042	632,691
Shareholders’ equity	1,374,119	1,325,702
Total Liabilities and Shareholders’ Equity	4,144,260	3,559,315
Non-Guarantor Subsidiaries | Reportable Legal Entities
Current assets:
Cash and cash equivalents	8,707	8,144
Short-term investments	0	0
Accounts receivable, net	1,290	2,569
Spare parts and supplies, net	0	0
Prepaid expenses and other	230	112
Total	10,227	10,825
Property and equipment at cost	89,651	92,021
Less accumulated depreciation and amortization	(16,781)	(15,350)
Property and equipment, net	72,870	76,671
Operating lease right-of-use assets	0
Long-term prepayments and other	304	899
Goodwill and other intangible assets, net	577	693
Intercompany receivable	0	0
Investment in consolidated subsidiaries	504	0
Total Assets	84,482	89,088
Current liabilities:
Accounts payable	2,191	3,163
Air traffic liability	4,845	5,349
Other accrued liabilities	294	312
Current maturities of long-term debt, less discount, and finance lease obligations	4	45
Current maturities of operating leases	0
Total	7,334	8,869
Long-term debt and finance lease obligations	0	4,595
Intercompany payable	11,433	11,308
Noncurrent operating leases	0
Other liabilities and deferred credits:
Accumulated pension and other post-retirement benefit obligations	0	0
Other liabilities and deferred credits	1,120	1,144
Noncurrent frequent flyer deferred revenue	0	0
Deferred tax liabilities, net	0	0
Total	1,120	1,144
Shareholders’ equity	64,595	63,172
Total Liabilities and Shareholders’ Equity	$ 84,482	$ 89,088

Condensed Consolidating Finan_5

Condensed Consolidating Financial Information - Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Condensed Consolidating Statements of Cash Flows
Net Cash Provided By (Used In) Operating Activities	$ 150,680	$ 225,545
Cash Flows From Investing Activities:
Net payments to affiliates	0	0
Additions to property and equipment, including pre-delivery deposits	(74,261)	(110,897)
Proceeds from the sale and sale leaseback of aircraft and aircraft related equipment	2,780
Purchases of investments	(71,454)	(30,386)
Sales of investments	137,286	53,984
Other	(6,275)	0
Net cash used in investing activities	(11,924)	(87,299)
Cash Flows From Financing Activities:
Long-term borrowings	0
Repayments of long-term debt and finance lease obligations	(24,354)	(20,395)
Debt issuance costs	0
Dividend payments	(5,811)	(6,145)
Proceeds from Contributions from Affiliates, Financing Activities	0	0
Repurchases of common stock	(11,086)	(20,243)
Other	(982)	(3,231)
Net cash used in financing activities	(42,233)	(50,014)
Net increase in cash and cash equivalents	96,523	88,232
Cash, cash equivalents, and restricted cash - Beginning of Period	268,577	191,953
Cash, cash equivalents, and restricted cash - End of Period	365,100	280,185
Eliminations
Condensed Consolidating Statements of Cash Flows
Net Cash Provided By (Used In) Operating Activities	0	0
Cash Flows From Investing Activities:
Net payments to affiliates	25,170	12,500
Additions to property and equipment, including pre-delivery deposits	0	0
Proceeds from the sale and sale leaseback of aircraft and aircraft related equipment	0
Purchases of investments	0	0
Sales of investments	0	0
Other	0
Net cash used in investing activities	25,170	12,500
Cash Flows From Financing Activities:
Long-term borrowings	0
Repayments of long-term debt and finance lease obligations	0	0
Debt issuance costs	0
Dividend payments	0	0
Proceeds from Contributions from Affiliates, Financing Activities	(25,170)	(12,500)
Repurchases of common stock	0	0
Other	0	0
Net cash used in financing activities	(25,170)	(12,500)
Net increase in cash and cash equivalents	0	0
Cash, cash equivalents, and restricted cash - Beginning of Period	0	0
Cash, cash equivalents, and restricted cash - End of Period	0	0
Parent Issuer / Guarantor | Reportable Legal Entities
Condensed Consolidating Statements of Cash Flows
Net Cash Provided By (Used In) Operating Activities	(670)	(931)
Cash Flows From Investing Activities:
Net payments to affiliates	(4,250)	(6,500)
Additions to property and equipment, including pre-delivery deposits	0	0
Proceeds from the sale and sale leaseback of aircraft and aircraft related equipment	0
Purchases of investments	0	0
Sales of investments	0	0
Other	0
Net cash used in investing activities	(4,250)	(6,500)
Cash Flows From Financing Activities:
Long-term borrowings	0
Repayments of long-term debt and finance lease obligations	0	0
Debt issuance costs	0
Dividend payments	(5,811)	(6,145)
Proceeds from Contributions from Affiliates, Financing Activities	20,920	6,000
Repurchases of common stock	(11,086)	(20,243)
Other	0	78
Net cash used in financing activities	4,023	(20,310)
Net increase in cash and cash equivalents	(897)	(27,741)
Cash, cash equivalents, and restricted cash - Beginning of Period	5,154	57,405
Cash, cash equivalents, and restricted cash - End of Period	4,257	29,664
Subsidiary Issuer / Guarantor | Reportable Legal Entities
Condensed Consolidating Statements of Cash Flows
Net Cash Provided By (Used In) Operating Activities	152,752	224,935
Cash Flows From Investing Activities:
Net payments to affiliates	(20,920)	(6,000)
Additions to property and equipment, including pre-delivery deposits	(71,978)	(102,595)
Proceeds from the sale and sale leaseback of aircraft and aircraft related equipment	2,780
Purchases of investments	(71,454)	(30,386)
Sales of investments	137,286	53,984
Other	(6,275)
Net cash used in investing activities	(30,561)	(84,997)
Cash Flows From Financing Activities:
Long-term borrowings	0
Repayments of long-term debt and finance lease obligations	(24,352)	(20,395)
Debt issuance costs	0
Dividend payments	0	0
Proceeds from Contributions from Affiliates, Financing Activities	0	0
Repurchases of common stock	0	0
Other	(982)	(3,309)
Net cash used in financing activities	(25,334)	(23,704)
Net increase in cash and cash equivalents	96,857	116,234
Cash, cash equivalents, and restricted cash - Beginning of Period	255,279	126,861
Cash, cash equivalents, and restricted cash - End of Period	352,136	243,095
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Consolidating Statements of Cash Flows
Net Cash Provided By (Used In) Operating Activities	(1,402)	1,541
Cash Flows From Investing Activities:
Net payments to affiliates	0	0
Additions to property and equipment, including pre-delivery deposits	(2,283)	(8,302)
Proceeds from the sale and sale leaseback of aircraft and aircraft related equipment	0
Purchases of investments	0	0
Sales of investments	0	0
Other	0
Net cash used in investing activities	(2,283)	(8,302)
Cash Flows From Financing Activities:
Long-term borrowings	0
Repayments of long-term debt and finance lease obligations	(2)	0
Debt issuance costs	0
Dividend payments	0	0
Proceeds from Contributions from Affiliates, Financing Activities	4,250	6,500
Repurchases of common stock	0	0
Other	0	0
Net cash used in financing activities	4,248	6,500
Net increase in cash and cash equivalents	563	(261)
Cash, cash equivalents, and restricted cash - Beginning of Period	8,144	7,687
Cash, cash equivalents, and restricted cash - End of Period	$ 8,707	$ 7,426