Hawaiian (HA) 10-Q 22 Oct 19 2019 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Sep. 30, 2019	Oct. 18, 2019
Cover page.
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	1-31443
Entity Registrant Name	HAWAIIAN HOLDINGS INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	71-0879698
Entity Address, Address Line One	3375 Koapaka Street,
Entity Address, Address Line Two	Suite G-350
Entity Address, City or Town	Honolulu,
Entity Address, State or Province	HI
Entity Address, Postal Zip Code	96819
City Area Code	(808)
Local Phone Number	835-3700
Title of 12(b) Security	Common Stock ($0.01 par value)
Trading Symbol	HA
Security Exchange Name	NASDAQ
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		46,591,737
Amendment Flag	false
Entity Central Index Key	0001172222

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Operating Revenue:
Operating Revenue	$ 755,151	$ 759,087	$ 2,124,091	$ 2,139,946
Operating Expenses:
Wages and benefits	182,862	176,642	537,997	516,906
Aircraft fuel, including taxes and delivery	138,586	162,932	405,290	449,404
Maintenance, materials and repairs	61,363	57,118	182,539	176,229
Aircraft and passenger servicing	41,762	42,063	120,303	117,207
Depreciation and amortization	41,596	36,373	119,274	101,537
Aircraft rent	30,534	31,768	91,773	93,533
Commissions and other selling	33,291	32,704	96,598	96,482
Other rentals and landing fees	33,345	33,227	95,777	95,226
Purchased services	33,120	32,509	98,306	95,104
Contract terminations expense	0	0	0	35,322
Other	42,056	37,925	118,041	117,977
Total	638,515	643,261	1,865,898	1,894,927
Operating Income (Loss)	116,636	115,826	258,193	245,019
Nonoperating Income (Expense):
Interest expense and amortization of debt discounts and issuance costs	(6,438)	(8,446)	(21,268)	(24,628)
Gains (losses) on fuel derivatives	(4,553)	3,495	(7,203)	27,064
Interest income	3,148	3,124	9,205	6,529
Capitalized interest	1,171	1,821	3,713	6,414
Other, net	(1,445)	937	(5,553)	(759)
Total	(8,117)	931	(21,106)	14,620
Income Before Income Taxes	108,519	116,757	237,087	259,639
Income tax expense	28,443	23,215	62,820	58,075
Net Income	$ 80,076	$ 93,542	$ 174,267	$ 201,564
Net Income Per Common Stock Share:
Basic (in dollars per share)	$ 1.70	$ 1.85	$ 3.65	$ 3.97
Diluted (in dollars per share)	$ 1.70	$ 1.84	$ 3.64	$ 3.96
Weighted Average Number of Common Stock Shares Outstanding:
Basic (in shares)	47,119	50,594	47,784	50,807
Diluted (in shares)	47,236	50,731	47,847	50,935
Passenger
Operating Revenue:
Operating Revenue	$ 694,263	$ 697,232	$ 1,948,990	$ 1,963,994
Other
Operating Revenue:
Operating Revenue	$ 60,888	$ 61,855	$ 175,101	$ 175,952

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net Income	$ 80,076	$ 93,542	$ 174,267	$ 201,564
Other comprehensive income, net:
Net change related to employee benefit plans, net of tax expense	786	641	2,031	1,668
Net change in derivative instruments, net of tax expense (benefit)	2,096		(405)
Net change in derivative instruments, net of tax expense (benefit)		4,292		6,311
Net change in available-for-sale investments, net of tax expense (benefit)	92	167	1,401	(126)
Net current-period other comprehensive income (loss)	2,974	5,100	3,027	7,853
Total Comprehensive Income	$ 83,050	$ 98,642	$ 177,294	$ 209,417

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Statement of Comprehensive Income [Abstract]
Net change related to employee benefit plans, tax expense	$ 38	$ 146	$ 390	$ 478
Net change in derivative instruments, tax expense (benefit)	690		(122)
Net change in derivative instruments, tax expense		1,396		2,050
Net change in available-for-sale investments, tax expense (benefit)	$ 32	$ 53	$ 457	$ (42)

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current Assets:
Cash and cash equivalents	$ 512,162	$ 268,577
Short-term investments	232,444	232,241
Accounts receivable, net	145,466	111,834
Spare parts and supplies, net	37,536	33,942
Prepaid expenses and other	54,095	58,573
Total	981,703	705,167
Property and equipment, less accumulated depreciation and amortization of $738,574 and $663,461 as of September 30, 2019 and December 31, 2018, respectively	2,240,442	2,185,111
Other Assets:
Operating lease right-of-use assets	583,542
Long-term prepayments and other	138,817	185,556
Intangible assets, less accumulated amortization of $18,176 and $18,939 as of September 30, 2019 and December 31, 2018, respectively	13,524	14,149
Goodwill	106,663	106,663
Total Assets	4,064,691	3,196,646
Current Liabilities:
Accounts payable	155,362	143,146
Air traffic liability and current frequent flyer deferred revenue	651,571	603,736
Other accrued liabilities	151,566	158,154
Current maturities of long-term debt and finance lease obligations	77,014	101,097
Current maturities of operating leases	86,632
Total	1,122,145	1,006,133
Long-Term Debt and Finance Lease Obligations	704,527	608,684
Other Liabilities and Deferred Credits:
Noncurrent operating leases	455,765
Accumulated pension and other post-retirement benefit obligations	182,962	182,620
Other liabilities and deferred credits	99,231	119,826
Noncurrent frequent flyer deferred revenue	174,474	163,619
Deferred tax liability, net	258,740	167,770
Total	1,171,172	633,835
Commitments and Contingencies
Shareholders’ Equity:
Special preferred stock, $0.01 par value per share, three shares issued and outstanding as of September 30, 2019 and December 31, 2018	0	0
Common stock, $0.01 par value per share, 46,744,658 and 48,540,280 shares outstanding as of September 30, 2019 and December 31, 2018, respectively	467	485
Capital in excess of par value	133,003	128,448
Accumulated income	1,023,490	912,201
Accumulated other comprehensive loss, net	(90,113)	(93,140)
Total	1,066,847	947,994
Total Liabilities and Shareholders’ Equity	$ 4,064,691	$ 3,196,646

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Property and equipment, accumulated depreciation and amortization	$ 738,574	$ 663,461
Intangible assets, accumulated amortization	$ 18,176	$ 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)	46,744,658	48,540,280

Consolidated Statements of Shar

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Stock		Special Preferred Stock		Capital In Excess of Par Value	Accumulated Income	Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2017	$ 845,125	$ 512	[1]	$ 0	[2]	$ 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	[1]			(3,230)
Repurchase and retirement of shares of common stock	(20,243)	(5)	[1]				(20,238)
Share-based compensation expense	1,355					1,355
Ending balance at Mar. 31, 2018	838,214	508	[1]	0	[2]	124,868	795,293	(82,455)
Beginning balance at Dec. 31, 2017	845,125	512	[1]	0	[2]	126,743	793,134	(75,264)
Increase (Decrease) in Stockholders' Equity
Net Income	201,564
Other comprehensive income (loss)	7,853
Ending balance at Sep. 30, 2018	983,201	500	[1]	0	[2]	127,621	922,491	(67,411)
Beginning balance at Mar. 31, 2018	838,214	508	[1]	0	[2]	124,868	795,293	(82,455)
Increase (Decrease) in Stockholders' Equity
Net Income	79,480						79,480
Dividends declared on common stock ($0.12 per share)	(6,093)						(6,093)
Other comprehensive income (loss)	9,944							9,944
Issuance of shares of common stock, net of shares withheld for taxes	(296)					(296)
Repurchase and retirement of shares of common stock	(2,501)	(1)	[1]				(2,500)
Share-based compensation expense	1,299					1,299
Ending balance at Jun. 30, 2018	920,047	507	[1]	0	[2]	125,871	866,180	(72,511)
Increase (Decrease) in Stockholders' Equity
Net Income	93,542						93,542
Dividends declared on common stock ($0.12 per share)	(6,089)						(6,089)
Other comprehensive income (loss)	5,100							5,100
Issuance of shares of common stock, net of shares withheld for taxes	(112)					(112)
Repurchase and retirement of shares of common stock	(31,149)	(7)	[1]				(31,142)
Share-based compensation expense	1,862					1,862
Ending balance at Sep. 30, 2018	983,201	500	[1]	0	[2]	127,621	922,491	(67,411)
Beginning balance at Dec. 31, 2018	947,994	485	[3]	0	[4]	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	[3]			(983)
Repurchase and retirement of shares of common stock	(11,086)	(4)	[3]				(11,082)
Share-based compensation expense	1,426					1,426
Ending balance at Mar. 31, 2019	975,060	482	[3]	0	[4]	128,891	936,566	(90,879)
Beginning balance at Dec. 31, 2018	947,994	485	[3]	0	[4]	128,448	912,201	(93,140)
Increase (Decrease) in Stockholders' Equity
Net Income	174,267
Dividends declared on common stock ($0.12 per share)	(17,200)
Other comprehensive income (loss)	3,027
Ending balance at Sep. 30, 2019	1,066,847	467	[3]	0	[4]	133,003	1,023,490	(90,113)
Beginning balance at Mar. 31, 2019	975,060	482	[3]	0	[4]	128,891	936,566	(90,879)
Increase (Decrease) in Stockholders' Equity
Net Income	57,833						57,833
Dividends declared on common stock ($0.12 per share)	(5,743)						(5,743)
Other comprehensive income (loss)	(2,208)							(2,208)
Issuance of shares of common stock, net of shares withheld for taxes	(32)	0	[3]			(32)
Repurchase and retirement of shares of common stock	(19,604)	(7)	[3]				(19,597)
Share-based compensation expense	1,384					1,384
Ending balance at Jun. 30, 2019	1,006,690	475	[3]	0	[4]	130,243	969,059	(93,087)
Increase (Decrease) in Stockholders' Equity
Net Income	80,076						80,076
Dividends declared on common stock ($0.12 per share)	(5,652)						(5,652)
Other comprehensive income (loss)	2,974							2,974
Issuance of shares of common stock, net of shares withheld for taxes	(13)					(13)
Repurchase and retirement of shares of common stock	(20,001)	(8)	[3]				(19,993)
Share-based compensation expense	2,773					2,773
Ending balance at Sep. 30, 2019	$ 1,066,847	$ 467	[3]	$ 0	[4]	$ 133,003	$ 1,023,490	$ (90,113)
[1]	Common Stock— $0.01 par value; 118,000,000 authorized as of September 30, 2018 and December 31, 2017 .
[2]	Special Preferred Stock— $0.01 par value; 2,000,000 shares authorized as of September 30, 2018 and December 31, 2017 .
[3]	Common Stock— $0.01 par value; 118,000,000 authorized as of September 30, 2019 and December 31, 2018 .
[4]	Special Preferred Stock— $0.01 par value; 2,000,000 shares authorized as of September 30, 2019 and December 31, 2018

Consolidated Statements of Sh_2

Consolidated Statements of Shareholders' Equity (Parenthetical) - $ / shares	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Statement of Stockholders' Equity [Abstract]
Dividends declared on common stock (in dollars per share)	$ 0.12	$ 0.12	$ 0.12	$ 0.12	$ 0.12	$ 0.12
Issuance of common stock related to stock awards (in shares)	1,180	28,927	65,517	6,427	29,006	146,923
Number of shares repurchased and retired (in shares)	762,543	725,105	403,598	780,238	65,389	548,861	1,900,000	1,400,000
Common stock, par value (in dollars per share)	$ 0.01			$ 0.01			$ 0.01	$ 0.01	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	118,000,000			118,000,000			118,000,000	118,000,000	118,000,000	118,000,000
Special preferred stock, par value (in dollars per share)	$ 0.01			$ 0.01			$ 0.01	$ 0.01	$ 0.01	$ 0.01
Special preferred stock, shares authorized (in shares)	2,000,000			2,000,000			2,000,000	2,000,000	2,000,000	2,000,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Statement of Cash Flows [Abstract]
Net cash provided by Operating Activities	$ 456,895	$ 444,080
Cash flows from Investing Activities:
Additions to property and equipment, including pre-delivery payments	(280,288)	(386,098)
Proceeds from the disposition of aircraft related equipment	9,045	117,143
Purchases of investments	(265,705)	(159,648)
Sales of investments	267,464	182,816
Other	(6,275)	0
Net cash used in investing activities	(275,759)	(245,787)
Cash flows from Financing Activities:
Long-term borrowings	227,889	86,500
Repayments of long-term debt and finance lease obligations	(95,356)	(53,741)
Dividend payments	(17,206)	(18,327)
Debt issuance costs	(1,162)	(1,108)
Repurchases of common stock	(50,690)	(53,894)
Other	(1,026)	(3,635)
Net cash provided by (used in) financing activities	62,449	(44,205)
Net increase in cash and cash equivalents	243,585	154,088
Cash, cash equivalents, and restricted cash - Beginning of Period	268,577	191,953
Cash, cash equivalents, and restricted cash - End of Period	$ 512,162	$ 346,041

Business and Basis of Presentat

Business and Basis of Presentation	9 Months Ended
	Sep. 30, 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	9 Months Ended
	Sep. 30, 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 ASC 842 had a significant impact on the Company's consolidated balance sheet due to the recognition of approximately $603.9 million of operating lease liabilities and right-of-use (ROU) assets for operating leases of $649.3 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 three and nine months ended September 30, 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 10 , Leases, for additional information. In August 2017, the FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities (ASU 2017-12), 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 was 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. Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (ASU 2016-13), which requires the use of an "expected loss" model on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. ASU 2016-13 replaces the incurred loss methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to calculate credit loss estimates. ASU 2016-13 is effective for annual reporting periods beginning after December 15, 2019, with early adoption permitted. The Company will adopt ASU 2016-13 effective January 1, 2020. The Company does not expect that the adoption of the standard will have a significant impact on its consolidated financial statements.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Sep. 30, 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 September 30, Nine months ended September 30, Affected line items in the statement where net income is presented 2019 2018 2019 2018 (in thousands) Derivatives designated as hedging instruments under ASC 815 Foreign currency derivative losses (gains) $ (1,095 ) $ (1,080 ) $ (4,431 ) $ 1,025 Passenger revenue Total before tax (1,095 ) (1,080 ) (4,431 ) 1,025 Tax expense (benefit) 271 265 1,025 (250 ) Total, net of tax $ (824 ) $ (815 ) $ (3,406 ) $ 775 Amortization of defined benefit plan items Actuarial loss $ 768 $ 730 $ 2,430 $ 1,978 Nonoperating Income (Expense), Other, net Prior service cost 56 56 168 168 Nonoperating Income (Expense), Other, net Total before tax 824 786 2,598 2,146 Tax benefit (38 ) (145 ) (424 ) (478 ) Total, net of tax $ 786 $ 641 $ 2,174 $ 1,668 Short-term investments Realized losses (gain) on sales of investments, net $ (97 ) $ 21 $ (126 ) $ 52 Nonoperating Income (Expense), Other, net Total before tax (97 ) 21 (126 ) 52 Tax expense (benefit) 24 (5 ) 31 (12 ) Total, net of tax $ (73 ) $ 16 $ (95 ) $ 40 Total reclassifications for the period $ (111 ) $ (158 ) $ (1,327 ) $ 2,483 A roll-forward of the amounts included in accumulated other comprehensive income (loss), net of taxes, for the three and nine months ended September 30, 2019 and 2018 is as follows: Three months ended September 30, 2019 Foreign Currency Derivatives Defined Benefit Short-Term Investments Total (in thousands) Beginning balance $ 816 $ (94,610 ) $ 707 $ (93,087 ) Other comprehensive income before reclassifications, net of tax 2,920 — 165 3,085 Amounts reclassified from accumulated other comprehensive income (loss), net of tax (824 ) 786 (73 ) (111 ) Net current-period other comprehensive income 2,096 786 92 2,974 Ending balance $ 2,912 $ (93,824 ) $ 799 $ (90,113 ) Three months ended September 30, 2018 Foreign Currency Derivatives Defined Benefit Plan Items Short-Term Investments Total (in thousands) Beginning balance $ 3,268 $ (74,926 ) $ (853 ) $ (72,511 ) Other comprehensive income before reclassifications, net of tax 5,107 — 151 5,258 Amounts reclassified from accumulated other comprehensive income (loss), net of tax (815 ) 641 16 (158 ) Net current-period other comprehensive income 4,292 641 167 5,100 Ending balance $ 7,560 $ (74,285 ) $ (686 ) $ (67,411 ) Nine months ended September 30, 2019 Foreign Currency Derivatives Defined Benefit Pension Items Short-Term Investments Total (in thousands) Beginning balance 3,317 (95,855 ) (602 ) (93,140 ) Other comprehensive income (loss) before reclassifications, net of tax 3,001 (143 ) 1,496 4,354 Amounts reclassified from accumulated other comprehensive income (loss), net of tax (3,406 ) 2,174 (95 ) (1,327 ) Net current-period other comprehensive income (405 ) 2,031 1,401 3,027 Ending balance 2,912 (93,824 ) 799 (90,113 ) Nine months ended September 30, 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 income (loss) before reclassifications, net of tax 5,536 — (166 ) 5,370 Amounts reclassified from accumulated other comprehensive income, net of tax 775 1,668 40 2,483 Net current-period other comprehensive income (loss) 6,311 1,668 (126 ) 7,853 Ending balance 7,560 (74,285 ) (686 ) (67,411 )

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 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. Antidilutive shares excluded from the diluted earnings per share calculation are not material. The following table shows the computation of basic and diluted earnings per share: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (in thousands, except for per share data) Numerator: Net Income $ 80,076 $ 93,542 $ 174,267 $ 201,564 Denominator: Weighted average common stock shares outstanding - Basic 47,119 50,594 47,784 50,807 Assumed exercise of stock options and awards 117 137 63 128 Weighted average common stock shares outstanding - Diluted 47,236 50,731 47,847 50,935 Net Income Per Share Basic $ 1.70 $ 1.85 $ 3.65 $ 3.97 Diluted $ 1.70 $ 1.84 $ 3.64 $ 3.96 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 $20.0 million and $50.7 million to repurchase and retire approximately 0.8 million shares and 1.9 million shares of the Company's common stock in open market transactions during the three and nine months ended September 30, 2019 , respectively. The Company spent $31.1 million and $53.9 million to repurchase and retire approximately 0.8 million shares and 1.4 million shares of the Company's common stock in open market transactions during the three and nine months ended September 30, 2018 , respectively. As of September 30, 2019 , the Company had $46.8 million remaining to spend under its existing stock repurchase program. Dividends During the three months ended September 30, 2019 , the Company declared a cash dividend of $0.12 per share for stockholders of record as of August 16, 2019, which was paid on August 30, 2019, totaling $5.7 million . During the nine months ended September 30, 2019 , the Company declared and paid cash dividends of $0.12 per share for each of the three quarters, totaling $17.2 million

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 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 September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Geographic Information (in thousands) Domestic $ 533,235 $ 535,155 $ 1,542,480 $ 1,555,833 Pacific 221,916 223,932 581,611 584,113 Total operating revenue $ 755,151 $ 759,087 $ 2,124,091 $ 2,139,946 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 typically 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 September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Passenger Revenue by Type (in thousands) Passenger revenue, excluding frequent flyer $ 653,424 $ 658,886 $ 1,834,853 $ 1,855,247 Frequent flyer revenue, transportation component 40,839 38,346 114,137 108,747 Passenger Revenue $ 694,263 $ 697,232 $ 1,948,990 $ 1,963,994 Other revenue (e.g., cargo and other miscellaneous) $ 37,725 $ 43,046 $ 110,527 $ 123,275 Frequent flyer revenue, marketing and brand component 23,163 18,809 64,574 52,677 Other Revenue $ 60,888 $ 61,855 $ 175,101 $ 175,952 For the three months ended September 30, 2019 and 2018 , the Company's total revenue was $755.2 million and $759.1 million , respectively. As of September 30, 2019 and December 31, 2018 , the Company's Air traffic liability balance, as it relates to passenger tickets (excluding frequent flyer), was $472.3 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 September 30, 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 $367.5 million and $323.4 million . During the nine months ended September 30, 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 $422.1 million and $357.4 million . 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 the Company's Barclay's co-branded cardholders. The amended agreement 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 September 30, 2019 and December 31, 2018 , the Company's contract liability balance was $348.3 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.

Short-Term Investments

Short-Term Investments	9 Months Ended
	Sep. 30, 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 September 30, 2019 and December 31, 2018 : Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value September 30, 2019 (in thousands) Corporate debt $ 104,849 $ 890 $ (8 ) $ 105,731 U.S. government and agency debt 70,740 270 (51 ) 70,959 Certificates of Deposit 45,456 — — 45,456 Other fixed income securities 10,298 — — 10,298 Total short-term investments $ 231,343 $ 1,160 $ (59 ) $ 232,444 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 September 30, 2019 are shown below. Under 1 Year 1 to 5 Years Total (in thousands) Corporate debt $ 25,503 $ 80,228 $ 105,731 U.S. government and agency debt 31,894 39,065 70,959 Certificates of Deposit 45,456 — 45,456 Other fixed income securities 10,298 — 10,298 Total short-term investments $ 113,151 $ 119,293 $ 232,444

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 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 September 30, 2019 Total Level 1 Level 2 Level 3 (in thousands) Cash equivalents $ 105,802 $ 85,078 $ 20,724 $ — Short-term investments 232,444 — 232,444 — Fuel derivative contracts 3,438 — 3,438 — Foreign currency derivatives 4,120 — 4,120 — Total assets measured at fair value $ 345,804 $ 85,078 $ 260,726 $ — Foreign currency derivatives 919 — 919 — Total liabilities measured at fair value $ 919 $ — $ 919 $ — 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) measured at fair value: Fair Value of Debt September 30, 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) $ 619,798 $ 622,125 $ — $ — $ 622,125 $ 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	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 2019 , the Company primarily used crude oil call options to hedge its aircraft fuel expense. These derivative instruments were not designated as hedges under ASC Topic 815, Derivatives and Hedging (ASC 815), for hedge accounting treatment. As a result, any changes in fair value of these derivative instruments are adjusted through other nonoperating income (expense) in the period of change. The following table reflects the amount of realized and unrealized gains and losses recorded as nonoperating income (expense) in the Company's unaudited Consolidated Statements of Operations. Three months ended September 30, Nine months ended September 30, Fuel derivative contracts 2019 2018 2019 2018 (in thousands) Gains (losses) realized at settlement $ (3,399 ) $ 8,085 $ (9,294 ) $ 24,572 Reversal of prior period unrealized amounts 4,936 (18,873 ) 8,181 (11,791 ) Unrealized gains (losses) that will settle in future periods (6,090 ) 14,283 (6,090 ) 14,283 Gains (losses) on fuel derivatives recorded as nonoperating income (expense) $ (4,553 ) $ 3,495 $ (7,203 ) $ 27,064 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 to the Japanese Yen and the 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 therefore 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 $3.1 million into earnings over the next 12 months from AOCI based on the values of its foreign currency forward contracts at September 30, 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 September 30, 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 18,172,950 Japanese Yen September 2020 3,391 (539 ) 2,852 Long-term prepayments and other 5,359,550 Japanese Yen September 2021 507 (60 ) 447 Derivatives not designated as hedges Foreign currency derivatives Other accrued liabilities 987,100 Japanese Yen December 2019 222 (320 ) (98 ) Fuel derivative contracts Prepaid expenses and other 97,860 gallons September 2020 3,438 — 3,438 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 (Gain) loss reclassified from AOCI Three months ended September 30, Three months ended September 30, 2019 2018 2019 2018 (in thousands) Foreign currency derivatives $ (3,881 ) $ (6,769 ) $ (1,095 ) $ (1,080 ) (Gain) loss recognized in AOCI on derivatives (Gain) loss reclassified from AOCI Nine months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (in thousands) Foreign currency derivatives (3,904 ) (7,338 ) (4,431 ) 1,025 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 assesses the market position and credit rating of each counterparty. Credit risk is deemed to have a minimal impact on the fair value of the derivative instruments, as cash collateral would be provided by the counterparties based on the current market exposure of the derivative. ASC 815 requires a reporting entity to elect a policy of whether to offset rights to reclaim cash collateral or obligations to return cash collateral against derivative assets and liabilities executed with the same counterparty under a master netting agreement or present such amounts on a gross basis. The Company’s accounting policy is to present its derivative assets and liabilities on a net basis, including any collateral posted with the counterparty. The Company had no collateral posted with counterparties as of September 30, 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.

Debt

Debt	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Debt	Debt As of September 30, 2019 , the expected maturities of long-term debt for the remainder of 2019 and the next four years, and thereafter, were as follows (in thousands): Remaining months in 2019 $ 7,938 2020 55,611 2021 82,740 2022 90,016 2023 54,998 Thereafter 328,495 $ 619,798 During the nine months ended September 30, 2019 , the Company entered into two Japanese Yen denominated debt agreements totaling $227.9 million ( ¥24.7 billion ), which were collateralized through a combination of two A321neo and four A330-200 aircraft with a NBV of approximately $382.7 million . The terms of the loans are 12 years and 5.5 years, at fixed installment coupon rates of 0.76% and 0.65% , respectively, and initially measured and recorded for $89.1 million and $138.7 million , respectively. At each balance sheet date, the Company remeasures the outstanding principal balance at the spot rate for the respective period and records any gain or loss at the current rate within the other nonoperating income (expense) line item. During the three and nine months ended September 30, 2019 , the Company recorded foreign currency unrealized losses of $0.7 million and $2.3 million , respectively. During each of the three and nine months ended September 30, 2018 , the Company recorded foreign currency unrealized gains of $2.3 million . These amounts include the above referenced debt agreements and the foreign denominated debt agreements entered in 2018.

Leases

Leases	9 Months Ended
	Sep. 30, 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. The Company's leases do not provide a readily determinable implicit rate; therefore, the Company utilizes an incremental borrowing rate to discount 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 September 30, 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 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 7 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 (excluding the maintenance hangar discussed below). The Company leases space from government agencies that control the use of the airport. The remaining lease terms vary from 1 month to 30 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, Hawai'i. These leases are classified as operating and have remaining lease terms ranging between 1 to 7 years. Maintenance Hangar In November 2016, the Company entered into a lease agreement with the Department of Transportation of the State of Hawai'i (the "Hawai'i Lease") to lease a cargo and maintenance hangar at the Daniel K. Inouye International Airport with a remaining lease term of 32 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. In July 2019, the Company entered into an amendment to the Hawai'i Lease with the State of Hawai'i. The amendment resulted in the adjustment of lease rates and was accounted for as a modification under ASC 842. The modification did not result in a change in lease classification. The impact to both the ROU asset and lease liability is reflected in the Lease Position Table below. 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 September 30, 2019 The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheet. Classification on the Balance Sheet September 30, 2019 (in thousands) Assets: Operating lease assets Operating lease right-of use assets $ 583,542 Finance lease assets Property and equipment, net 160,905 Total lease assets $ 744,447 Liabilities: Current Operating Current maturities of operating leases $ 86,632 Finance Current maturities of long-term debt and finance lease obligations 23,583 Noncurrent Operating Noncurrent operating leases 455,765 Finance Long-Term Debt and Finance Lease Obligations 148,140 Total lease liabilities $ 714,120 Weighted-average remaining lease term Operating leases 10.5 years Finance leases 8.5 years Weighted-average discount rate Operating leases (1) 4.81 % Finance leases 4.68 % (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 and nine months ended September 30, 2019 , the total lease costs for finance and operating leases were as follows: Three Months Ended September 30, Nine months ended September 30, 2019 (in thousands) Finance lease cost: Amortization of right-of-use assets $ 6,361 $ 18,923 Interest of lease liabilities 2,052 6,265 Operating lease cost (1) 30,035 89,787 Short-term lease cost (1) 865 4,181 Variable lease cost (1) 32,979 93,582 Total lease cost $ 72,292 $ 212,738 (1) Expenses are classified within aircraft rent and other rentals and landing fees in the consolidated statements of operations. During the three and nine months ended September 30, 2019 , the cash paid for amounts included in the measurement of lease liabilities were as follows: Three Months Ended September 30, Nine months ended September 30, 2019 (in thousands) Operating cash flows from operating leases 28,479 87,362 Operating cash flows from finance leases 2,052 6,265 Financing cash flows from finance lease 5,886 17,407 Undiscounted Cash Flows As of September 30, 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 $ 6,355 $ 1,466 $ 27,531 $ 1,716 2020 25,433 5,327 96,072 7,570 2021 25,447 3,912 81,750 7,781 2022 25,027 3,578 71,690 8,185 2023 21,997 5,019 61,750 8,398 Thereafter 76,237 7,108 158,493 180,972 Total minimum lease payments 180,496 26,410 497,286 214,622 Less: amounts representing interest (29,941 ) (5,242 ) (68,913 ) (100,598 ) Present value of future minimum lease payments $ 150,555 $ 21,168 $ 428,373 $ 114,024 Less: current maturities of lease obligations (18,749 ) (4,834 ) (84,071 ) (2,561 ) Long-term lease obligations $ 131,806 $ 16,334 $ 344,302 $ 111,463
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. The Company's leases do not provide a readily determinable implicit rate; therefore, the Company utilizes an incremental borrowing rate to discount 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 September 30, 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 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 7 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 (excluding the maintenance hangar discussed below). The Company leases space from government agencies that control the use of the airport. The remaining lease terms vary from 1 month to 30 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, Hawai'i. These leases are classified as operating and have remaining lease terms ranging between 1 to 7 years. Maintenance Hangar In November 2016, the Company entered into a lease agreement with the Department of Transportation of the State of Hawai'i (the "Hawai'i Lease") to lease a cargo and maintenance hangar at the Daniel K. Inouye International Airport with a remaining lease term of 32 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. In July 2019, the Company entered into an amendment to the Hawai'i Lease with the State of Hawai'i. The amendment resulted in the adjustment of lease rates and was accounted for as a modification under ASC 842. The modification did not result in a change in lease classification. The impact to both the ROU asset and lease liability is reflected in the Lease Position Table below. 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 September 30, 2019 The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheet. Classification on the Balance Sheet September 30, 2019 (in thousands) Assets: Operating lease assets Operating lease right-of use assets $ 583,542 Finance lease assets Property and equipment, net 160,905 Total lease assets $ 744,447 Liabilities: Current Operating Current maturities of operating leases $ 86,632 Finance Current maturities of long-term debt and finance lease obligations 23,583 Noncurrent Operating Noncurrent operating leases 455,765 Finance Long-Term Debt and Finance Lease Obligations 148,140 Total lease liabilities $ 714,120 Weighted-average remaining lease term Operating leases 10.5 years Finance leases 8.5 years Weighted-average discount rate Operating leases (1) 4.81 % Finance leases 4.68 % (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 and nine months ended September 30, 2019 , the total lease costs for finance and operating leases were as follows: Three Months Ended September 30, Nine months ended September 30, 2019 (in thousands) Finance lease cost: Amortization of right-of-use assets $ 6,361 $ 18,923 Interest of lease liabilities 2,052 6,265 Operating lease cost (1) 30,035 89,787 Short-term lease cost (1) 865 4,181 Variable lease cost (1) 32,979 93,582 Total lease cost $ 72,292 $ 212,738 (1) Expenses are classified within aircraft rent and other rentals and landing fees in the consolidated statements of operations. During the three and nine months ended September 30, 2019 , the cash paid for amounts included in the measurement of lease liabilities were as follows: Three Months Ended September 30, Nine months ended September 30, 2019 (in thousands) Operating cash flows from operating leases 28,479 87,362 Operating cash flows from finance leases 2,052 6,265 Financing cash flows from finance lease 5,886 17,407 Undiscounted Cash Flows As of September 30, 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 $ 6,355 $ 1,466 $ 27,531 $ 1,716 2020 25,433 5,327 96,072 7,570 2021 25,447 3,912 81,750 7,781 2022 25,027 3,578 71,690 8,185 2023 21,997 5,019 61,750 8,398 Thereafter 76,237 7,108 158,493 180,972 Total minimum lease payments 180,496 26,410 497,286 214,622 Less: amounts representing interest (29,941 ) (5,242 ) (68,913 ) (100,598 ) Present value of future minimum lease payments $ 150,555 $ 21,168 $ 428,373 $ 114,024 Less: current maturities of lease obligations (18,749 ) (4,834 ) (84,071 ) (2,561 ) Long-term lease obligations $ 131,806 $ 16,334 $ 344,302 $ 111,463

Employee Benefit Plans

Employee Benefit Plans	9 Months Ended
	Sep. 30, 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 September 30, Nine months ended September 30, Components of Net Period Benefit Cost 2019 2018 2019 2018 (in thousands) Service cost $ 2,120 $ 2,275 $ 6,311 $ 6,199 Other cost: Interest cost 5,584 5,145 16,799 15,163 Expected return on plan assets (5,487 ) (5,594 ) (16,452 ) (16,770 ) Recognized net actuarial loss 824 786 2,599 2,146 Total other components of the net periodic benefit cost 921 337 2,946 539 Net periodic benefit cost $ 3,041 $ 2,612 $ 9,257 $ 6,738 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 and nine months ended September 30, 2019 , the Company was not required to, and did not make contributions to its defined benefit and other post-retirement plans. During the three and nine months ended September 30, 2018 , the Company made a discretionary contribution of $50.0 million to its defined benefit and other postretirement plans.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Commitments and Contingent Liabilities Commitments As of September 30, 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 3 3 Between 2019 and 2020 B787-9 aircraft 10 10 Between 2021 and 2025 Pratt & Whitney spare engines: A321neo spare engines (1) — 2 N/A General Electric GEnx spare engines: B787-9 spare engines 2 2 Between 2021 and 2025 (1) During the second quarter of 2019, the Company took delivery of its remaining A321neo spare engine and maintain purchase rights for an additional two engines, which expire on December 31, 2019. 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 13 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 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 September 30, 2019 are detailed below: Aircraft and aircraft related Other Total Committed (in thousands) Remaining in 2019 $ 113,604 $ 20,356 $ 133,960 2020 177,700 76,588 254,288 2021 313,570 72,782 386,352 2022 437,636 64,917 502,553 2023 245,612 59,469 305,081 Thereafter 469,397 167,120 636,517 $ 1,757,519 $ 461,232 $ 2,218,751 During the second quarter of 2019, the Company made scheduled payments of $44.8 million to pay off its debt facility entered into for the financing of its Boeing 717-200 aircraft. As of September 30, 2019 , all owned Boeing 717-200 aircraft were unencumbered. 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 September 30, 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	9 Months Ended
	Sep. 30, 2019
Unusual or Infrequent Items, or Both [Abstract]
Contract Terminations Expense	Contract Terminations Expense Contract terminations expense For the nine months ended September 30, 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

Supplemental Cash Flow Informat

Supplemental Cash Flow Information	9 Months Ended
	Sep. 30, 2019
Supplemental Cash Flow Information [Abstract]
Supplemental Cash Flow Information	Supplemental Cash Flow Information Non-cash investing and financing activities for the nine months ended September 30, 2019 and 2018 were as follows: Nine months ended September 30, 2019 2018 Investing and Financing Activities Not Affecting Cash: (in thousands) Property and equipment acquired through a finance lease $ 6,567 $ 116,359 Right-of-use assets acquired under operating leases 5,435 —

Condensed Consolidating Financi

Condensed Consolidating Financial Information	9 Months Ended
	Sep. 30, 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 15 as Subsidiary Issuer / Guarantor) of pass-through certificates, the Company (which is also referred to in this Note 15 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 September 30, 2019 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 754,608 $ 649 $ (106 ) $ 755,151 Operating Expenses: Wages and benefits — 182,862 — — 182,862 Aircraft fuel, including taxes and delivery — 138,586 — — 138,586 Maintenance, materials and repairs — 58,056 3,307 — 61,363 Aircraft and passenger servicing — 41,762 — — 41,762 Commissions and other selling — 33,310 17 (36 ) 33,291 Aircraft rent — 30,365 169 — 30,534 Other rentals and landing fees — 33,345 — — 33,345 Depreciation and amortization — 39,853 1,743 — 41,596 Purchased services 70 32,803 263 (16 ) 33,120 Other 1,576 40,099 435 (54 ) 42,056 Total 1,646 631,041 5,934 (106 ) 638,515 Operating Income (Loss) (1,646 ) 123,567 (5,285 ) — 116,636 Nonoperating Income (Expense): Undistributed net income of subsidiaries 81,379 — — (81,379 ) — Interest expense and amortization of debt discounts and issuance costs — (6,438 ) — — (6,438 ) Interest income 4 3,144 — — 3,148 Capitalized interest — 1,171 — — 1,171 Losses on fuel derivatives — (4,553 ) — — (4,553 ) Other, net (8 ) (1,437 ) — — (1,445 ) Total 81,375 (8,113 ) — (81,379 ) (8,117 ) Income (Loss) Before Income Taxes 79,729 115,454 (5,285 ) (81,379 ) 108,519 Income tax expense (benefit) (347 ) 29,899 (1,109 ) — 28,443 Net Income (Loss) $ 80,076 $ 85,555 $ (4,176 ) $ (81,379 ) $ 80,076 Comprehensive Income (Loss) $ 83,050 $ 88,529 $ (4,176 ) $ (84,353 ) $ 83,050 Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) Three months ended September 30, 2018 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 756,314 $ 2,870 $ (97 ) $ 759,087 Operating Expenses: Wages and benefits — 176,642 — — 176,642 Aircraft fuel, including taxes and delivery — 162,932 — — 162,932 Maintenance, materials and repairs — 55,818 1,300 — 57,118 Aircraft and passenger servicing — 42,063 — — 42,063 Commissions and other selling — 32,716 16 (28 ) 32,704 Aircraft rent — 31,782 (14 ) — 31,768 Depreciation and amortization — 34,849 1,524 — 36,373 Other rentals and landing fees — 33,146 81 — 33,227 Purchased services 43 32,298 183 (15 ) 32,509 Other 1,604 35,955 420 (54 ) 37,925 Total 1,647 638,201 3,510 (97 ) 643,261 Operating Income (Loss) (1,647 ) 118,113 (640 ) — 115,826 Nonoperating Income (Expense): Undistributed net income of subsidiaries 94,810 — — (94,810 ) — Interest expense and amortization of debt discounts and issuance costs — (8,400 ) (46 ) — (8,446 ) Interest income 41 3,083 — — 3,124 Capitalized interest — 1,821 — — 1,821 Gains on fuel derivatives — 3,495 — — 3,495 Other, net — 936 1 — 937 Total 94,851 935 (45 ) (94,810 ) 931 Income (Loss) Before Income Taxes 93,204 119,048 (685 ) (94,810 ) 116,757 Income tax expense (benefit) (338 ) 23,696 (143 ) — 23,215 Net Income (Loss) $ 93,542 $ 95,352 $ (542 ) $ (94,810 ) $ 93,542 Comprehensive Income (Loss) $ 98,642 $ 100,452 $ (542 ) $ (99,910 ) $ 98,642 Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) Nine months ended September 30, 2019 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 2,122,368 $ 2,063 $ (340 ) $ 2,124,091 Operating Expenses: Aircraft fuel, including taxes and delivery — 405,290 — — 405,290 Wages and benefits — 537,997 — — 537,997 Aircraft rent — 91,564 209 — 91,773 Maintenance materials and repairs — 176,131 6,408 — 182,539 Aircraft and passenger servicing — 120,303 — — 120,303 Commissions and other selling 11 96,655 58 (126 ) 96,598 Depreciation and amortization — 114,254 5,020 — 119,274 Other rentals and landing fees — 95,750 27 — 95,777 Purchased services 194 97,463 696 (47 ) 98,306 Other 4,714 112,159 1,335 (167 ) 118,041 Total 4,919 1,847,566 13,753 (340 ) 1,865,898 Operating Income (Loss) (4,919 ) 274,802 (11,690 ) — 258,193 Nonoperating Income (Expense): Undistributed net income of subsidiaries 178,139 — — (178,139 ) — Interest expense and amortization of debt discounts and issuance costs — (21,252 ) (16 ) — (21,268 ) Interest income 25 9,180 — — 9,205 Capitalized interest — 3,713 — — 3,713 Losses on fuel derivatives — (7,203 ) — — (7,203 ) Other, net (8 ) (5,538 ) (7 ) — (5,553 ) Total 178,156 (21,100 ) (23 ) (178,139 ) (21,106 ) Income (Loss) Before Income Taxes 173,237 253,702 (11,713 ) (178,139 ) 237,087 Income tax expense (benefit) (1,030 ) 66,309 (2,459 ) — 62,820 Net Income (Loss) $ 174,267 $ 187,393 $ (9,254 ) $ (178,139 ) $ 174,267 Comprehensive Income (Loss) $ 177,294 $ 190,420 $ (9,254 ) $ (181,166 ) $ 177,294 Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) Nine months ended September 30, 2018 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 2,132,853 $ 7,390 $ (297 ) $ 2,139,946 Operating Expenses: Aircraft fuel, including taxes and delivery — 449,404 — — 449,404 Wages and benefits — 516,906 — — 516,906 Aircraft rent — 93,547 (14 ) — 93,533 Maintenance materials and repairs — 172,780 3,449 — 176,229 Aircraft and passenger servicing — 117,207 — — 117,207 Commissions and other selling (5 ) 96,537 61 (111 ) 96,482 Depreciation and amortization — 98,026 3,511 — 101,537 Other rentals and landing fees — 94,913 313 — 95,226 Purchased services 131 94,415 603 (45 ) 95,104 Contract termination expense — 35,322 — — 35,322 Other 5,284 110,513 2,321 (141 ) 117,977 Total 5,410 1,879,570 10,244 (297 ) 1,894,927 Operating Income (Loss) (5,410 ) 253,283 (2,854 ) — 245,019 Nonoperating Income (Expense): Undistributed net income of subsidiaries 205,719 — — (205,719 ) — Interest expense and amortization of debt discounts and issuance costs (3 ) (24,534 ) (91 ) — (24,628 ) Interest income 157 6,372 — — 6,529 Capitalized interest — 6,414 — — 6,414 Gains on fuel derivatives — 27,064 — — 27,064 Other, net (4 ) (761 ) 6 — (759 ) Total 205,869 14,555 (85 ) (205,719 ) 14,620 Income (Loss) Before Income Taxes 200,459 267,838 (2,939 ) (205,719 ) 259,639 Income tax expense (benefit) (1,105 ) 59,797 (617 ) — 58,075 Net Income (Loss) $ 201,564 $ 208,041 $ (2,322 ) $ (205,719 ) $ 201,564 Comprehensive Income (Loss) $ 209,417 $ 215,894 $ (2,322 ) $ (213,572 ) $ 209,417 Condensed Consolidating Balance Sheets September 30, 2019 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) ASSETS Current assets: Cash and cash equivalents $ 1,594 $ 502,834 $ 7,734 $ — $ 512,162 Short-term investments — 232,444 — — 232,444 Accounts receivable, net — 143,850 1,848 (232 ) 145,466 Spare parts and supplies, net — 37,536 — — 37,536 Prepaid expenses and other 168 53,802 125 — 54,095 Total 1,762 970,466 9,707 (232 ) 981,703 Property and equipment at cost — 2,886,141 92,875 — 2,979,016 Less accumulated depreciation and amortization — (718,508 ) (20,066 ) — (738,574 ) Property and equipment, net — 2,167,633 72,809 — 2,240,442 Operating lease right-of-use assets — 583,542 — — 583,542 Long-term prepayments and other — 138,520 297 — 138,817 Goodwill and other intangible assets, net — 119,687 500 — 120,187 Intercompany receivable — 532,762 — (532,762 ) — Investment in consolidated subsidiaries 1,587,146 — 504 (1,587,650 ) — TOTAL ASSETS $ 1,588,908 $ 4,512,610 $ 83,817 $ (2,120,644 ) $ 4,064,691 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 732 $ 150,177 $ 4,685 $ (232 ) $ 155,362 Air traffic liability — 647,078 4,493 — 651,571 Other accrued liabilities — 151,270 296 — 151,566 Current maturities of long-term debt, less discount, and finance lease obligations — 77,014 — — 77,014 Current maturities of operating leases — 86,632 — — 86,632 Total 732 1,112,171 9,474 (232 ) 1,122,145 Long-term debt and finance lease obligations — 704,527 — — 704,527 Intercompany payable 521,329 — 11,433 (532,762 ) — Other liabilities and deferred credits: Noncurrent operating leases — 455,765 — — 455,765 Accumulated pension and other post-retirement benefit obligations — 182,962 — — 182,962 Other liabilities and deferred credits — 98,130 1,101 — 99,231 Noncurrent frequent flyer deferred revenue — 174,474 — — 174,474 Deferred tax liabilities, net — 258,740 — — 258,740 Total — 1,170,071 1,101 — 1,171,172 Shareholders’ equity 1,066,847 1,525,841 61,809 (1,587,650 ) 1,066,847 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,588,908 $ 4,512,610 $ 83,817 $ (2,120,644 ) $ 4,064,691 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 Nine months ended September 30, 2019 Parent Issuer / Subsidiary Non- Eliminations Consolidated (in thousands) Net Cash Provided By (Used In) Operating Activities $ (587 ) $ 462,734 $ (5,252 ) $ — $ 456,895 Cash Flows From Investing Activities: Net payments to affiliates (10,350 ) (75,273 ) — 85,623 — Additions to property and equipment, including pre-delivery deposits — (274,786 ) (5,502 ) — (280,288 ) Proceeds from the sale and sale leaseback of aircraft and aircraft related equipment — 9,045 — — 9,045 Purchases of investments — (265,705 ) — — (265,705 ) Sales of investments — 267,464 — — 267,464 Other — (6,275 ) — — (6,275 ) Net cash used in investing activities (10,350 ) (345,530 ) (5,502 ) 85,623 (275,759 ) Cash Flows From Financing Activities: Long-term borrowings — 227,889 — — 227,889 Repayments of long-term debt and finance lease obligations — (95,350 ) (6 ) — (95,356 ) Debt issuance costs — (1,162 ) — — (1,162 ) Dividend payments (17,206 ) — — — (17,206 ) Net payments from affiliates 75,273 — 10,350 (85,623 ) — Repurchases of common stock (50,690 ) — — — (50,690 ) Other — (1,026 ) — — (1,026 ) Net cash provided by financing activities 7,377 130,351 10,344 (85,623 ) 62,449 Net increase (decrease) in cash and cash equivalents (3,560 ) 247,555 (410 ) — 243,585 Cash, cash equivalents, & restricted cash - Beginning of Period 5,154 255,279 8,144 — 268,577 Cash, cash equivalents, & restricted cash - End of Period $ 1,594 $ 502,834 $ 7,734 $ — $ 512,162 Condensed Consolidating Statements of Cash Flows Nine months ended September 30, 2018 Parent Issuer / Subsidiary Non- Eliminations Consolidated (in thousands) Net Cash Provided By (Used In) Operating Activities $ (4,236 ) $ 446,810 $ 1,506 $ — $ 444,080 Cash Flows From Investing Activities: Net payments to affiliates (11,300 ) (39,980 ) — 51,280 — Additions to property and equipment, including pre-delivery deposits — (373,099 ) (12,999 ) — (386,098 ) Proceeds from the sale of aircraft and aircraft related equipment — 117,143 — — 117,143 Purchases of investments — (159,648 ) — — (159,648 ) Sales of investments — 182,816 — — 182,816 Net cash used in investing activities (11,300 ) (272,768 ) (12,999 ) 51,280 (245,787 ) Cash Flows From Financing Activities: Long-term borrowings — 86,500 — — 86,500 Repayments of long-term debt and finance lease obligations — (53,734 ) (7 ) — (53,741 ) Debt issuance costs — (1,108 ) — — (1,108 ) Dividend payments (18,327 ) — — — (18,327 ) Net payments from affiliates 39,980 — 11,300 (51,280 ) — Repurchases of Common Stock (53,894 ) — — — (53,894 ) Other 78 (3,713 ) — — (3,635 ) Net cash provided by (used in) financing activities (32,163 ) 27,945 11,293 (51,280 ) (44,205 ) Net increase (decrease) in cash and cash equivalents (47,699 ) 201,987 (200 ) — 154,088 Cash, cash equivalents, & restricted cash - Beginning of Period 57,405 126,861 7,687 — 191,953 Cash, cash equivalents, & restricted cash - End of Period $ 9,706 $ 328,848 $ 7,487 $ — $ 346,041 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)	9 Months Ended
	Sep. 30, 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 ASC 842 had a significant impact on the Company's consolidated balance sheet due to the recognition of approximately $603.9 million of operating lease liabilities and right-of-use (ROU) assets for operating leases of $649.3 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 three and nine months ended September 30, 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 10 , Leases, for additional information. In August 2017, the FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities (ASU 2017-12), 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 was 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. Recently Issued Accounting Pronouncements In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (ASU 2016-13), which requires the use of an "expected loss" model on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. ASU 2016-13 replaces the incurred loss methodology with a methodology that reflects expected credit losses and requires consideration of a broader range of reasonable and supportable information to calculate credit loss estimates. ASU 2016-13 is effective for annual reporting periods beginning after December 15, 2019, with early adoption permitted. The Company will adopt ASU 2016-13 effective January 1, 2020. The Company does not expect that the adoption of the standard will have a significant impact on its consolidated financial statements.

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Sep. 30, 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 September 30, Nine months ended September 30, Affected line items in the statement where net income is presented 2019 2018 2019 2018 (in thousands) Derivatives designated as hedging instruments under ASC 815 Foreign currency derivative losses (gains) $ (1,095 ) $ (1,080 ) $ (4,431 ) $ 1,025 Passenger revenue Total before tax (1,095 ) (1,080 ) (4,431 ) 1,025 Tax expense (benefit) 271 265 1,025 (250 ) Total, net of tax $ (824 ) $ (815 ) $ (3,406 ) $ 775 Amortization of defined benefit plan items Actuarial loss $ 768 $ 730 $ 2,430 $ 1,978 Nonoperating Income (Expense), Other, net Prior service cost 56 56 168 168 Nonoperating Income (Expense), Other, net Total before tax 824 786 2,598 2,146 Tax benefit (38 ) (145 ) (424 ) (478 ) Total, net of tax $ 786 $ 641 $ 2,174 $ 1,668 Short-term investments Realized losses (gain) on sales of investments, net $ (97 ) $ 21 $ (126 ) $ 52 Nonoperating Income (Expense), Other, net Total before tax (97 ) 21 (126 ) 52 Tax expense (benefit) 24 (5 ) 31 (12 ) Total, net of tax $ (73 ) $ 16 $ (95 ) $ 40 Total reclassifications for the period $ (111 ) $ (158 ) $ (1,327 ) $ 2,483
Schedule of amounts included in accumulated other comprehensive income (loss), net of taxes	A roll-forward of the amounts included in accumulated other comprehensive income (loss), net of taxes, for the three and nine months ended September 30, 2019 and 2018 is as follows: Three months ended September 30, 2019 Foreign Currency Derivatives Defined Benefit Short-Term Investments Total (in thousands) Beginning balance $ 816 $ (94,610 ) $ 707 $ (93,087 ) Other comprehensive income before reclassifications, net of tax 2,920 — 165 3,085 Amounts reclassified from accumulated other comprehensive income (loss), net of tax (824 ) 786 (73 ) (111 ) Net current-period other comprehensive income 2,096 786 92 2,974 Ending balance $ 2,912 $ (93,824 ) $ 799 $ (90,113 ) Three months ended September 30, 2018 Foreign Currency Derivatives Defined Benefit Plan Items Short-Term Investments Total (in thousands) Beginning balance $ 3,268 $ (74,926 ) $ (853 ) $ (72,511 ) Other comprehensive income before reclassifications, net of tax 5,107 — 151 5,258 Amounts reclassified from accumulated other comprehensive income (loss), net of tax (815 ) 641 16 (158 ) Net current-period other comprehensive income 4,292 641 167 5,100 Ending balance $ 7,560 $ (74,285 ) $ (686 ) $ (67,411 ) Nine months ended September 30, 2019 Foreign Currency Derivatives Defined Benefit Pension Items Short-Term Investments Total (in thousands) Beginning balance 3,317 (95,855 ) (602 ) (93,140 ) Other comprehensive income (loss) before reclassifications, net of tax 3,001 (143 ) 1,496 4,354 Amounts reclassified from accumulated other comprehensive income (loss), net of tax (3,406 ) 2,174 (95 ) (1,327 ) Net current-period other comprehensive income (405 ) 2,031 1,401 3,027 Ending balance 2,912 (93,824 ) 799 (90,113 ) Nine months ended September 30, 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 income (loss) before reclassifications, net of tax 5,536 — (166 ) 5,370 Amounts reclassified from accumulated other comprehensive income, net of tax 775 1,668 40 2,483 Net current-period other comprehensive income (loss) 6,311 1,668 (126 ) 7,853 Ending balance 7,560 (74,285 ) (686 ) (67,411 )

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Earnings Per Share [Abstract]
Schedule of earnings per share basic and diluted	The following table shows the computation of basic and diluted earnings per share: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (in thousands, except for per share data) Numerator: Net Income $ 80,076 $ 93,542 $ 174,267 $ 201,564 Denominator: Weighted average common stock shares outstanding - Basic 47,119 50,594 47,784 50,807 Assumed exercise of stock options and awards 117 137 63 128 Weighted average common stock shares outstanding - Diluted 47,236 50,731 47,847 50,935 Net Income Per Share Basic $ 1.70 $ 1.85 $ 3.65 $ 3.97 Diluted $ 1.70 $ 1.84 $ 3.64 $ 3.96

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2019
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	These amounts are recognized when the service is provided. Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Passenger Revenue by Type (in thousands) Passenger revenue, excluding frequent flyer $ 653,424 $ 658,886 $ 1,834,853 $ 1,855,247 Frequent flyer revenue, transportation component 40,839 38,346 114,137 108,747 Passenger Revenue $ 694,263 $ 697,232 $ 1,948,990 $ 1,963,994 Other revenue (e.g., cargo and other miscellaneous) $ 37,725 $ 43,046 $ 110,527 $ 123,275 Frequent flyer revenue, marketing and brand component 23,163 18,809 64,574 52,677 Other Revenue $ 60,888 $ 61,855 $ 175,101 $ 175,952 Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Geographic Information (in thousands) Domestic $ 533,235 $ 535,155 $ 1,542,480 $ 1,555,833 Pacific 221,916 223,932 581,611 584,113 Total operating revenue $ 755,151 $ 759,087 $ 2,124,091 $ 2,139,946

Short-Term Investments (Tables)

Short-Term Investments (Tables)	9 Months Ended
	Sep. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Summary of short-term investments	The following is a summary of short-term investments held as of September 30, 2019 and December 31, 2018 : Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value September 30, 2019 (in thousands) Corporate debt $ 104,849 $ 890 $ (8 ) $ 105,731 U.S. government and agency debt 70,740 270 (51 ) 70,959 Certificates of Deposit 45,456 — — 45,456 Other fixed income securities 10,298 — — 10,298 Total short-term investments $ 231,343 $ 1,160 $ (59 ) $ 232,444 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 September 30, 2019 are shown below. Under 1 Year 1 to 5 Years Total (in thousands) Corporate debt $ 25,503 $ 80,228 $ 105,731 U.S. government and agency debt 31,894 39,065 70,959 Certificates of Deposit 45,456 — 45,456 Other fixed income securities 10,298 — 10,298 Total short-term investments $ 113,151 $ 119,293 $ 232,444

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2019 Total Level 1 Level 2 Level 3 (in thousands) Cash equivalents $ 105,802 $ 85,078 $ 20,724 $ — Short-term investments 232,444 — 232,444 — Fuel derivative contracts 3,438 — 3,438 — Foreign currency derivatives 4,120 — 4,120 — Total assets measured at fair value $ 345,804 $ 85,078 $ 260,726 $ — Foreign currency derivatives 919 — 919 — Total liabilities measured at fair value $ 919 $ — $ 919 $ — 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) measured at fair value: Fair Value of Debt September 30, 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) $ 619,798 $ 622,125 $ — $ — $ 622,125 $ 467,760 $ 461,805 $ — $ — $ 461,805

Financial Derivative Instrume_2

Financial Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 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 September 30, Nine months ended September 30, Fuel derivative contracts 2019 2018 2019 2018 (in thousands) Gains (losses) realized at settlement $ (3,399 ) $ 8,085 $ (9,294 ) $ 24,572 Reversal of prior period unrealized amounts 4,936 (18,873 ) 8,181 (11,791 ) Unrealized gains (losses) that will settle in future periods (6,090 ) 14,283 (6,090 ) 14,283 Gains (losses) on fuel derivatives recorded as nonoperating income (expense) $ (4,553 ) $ 3,495 $ (7,203 ) $ 27,064
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 September 30, 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 18,172,950 Japanese Yen September 2020 3,391 (539 ) 2,852 Long-term prepayments and other 5,359,550 Japanese Yen September 2021 507 (60 ) 447 Derivatives not designated as hedges Foreign currency derivatives Other accrued liabilities 987,100 Japanese Yen December 2019 222 (320 ) (98 ) Fuel derivative contracts Prepaid expenses and other 97,860 gallons September 2020 3,438 — 3,438 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 (Gain) loss reclassified from AOCI Three months ended September 30, Three months ended September 30, 2019 2018 2019 2018 (in thousands) Foreign currency derivatives $ (3,881 ) $ (6,769 ) $ (1,095 ) $ (1,080 ) (Gain) loss recognized in AOCI on derivatives (Gain) loss reclassified from AOCI Nine months ended September 30, Nine months ended September 30, 2019 2018 2019 2018 (in thousands) Foreign currency derivatives (3,904 ) (7,338 ) (4,431 ) 1,025

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Schedule of expected maturities of long-term debt	As of September 30, 2019 , the expected maturities of long-term debt for the remainder of 2019 and the next four years, and thereafter, were as follows (in thousands): Remaining months in 2019 $ 7,938 2020 55,611 2021 82,740 2022 90,016 2023 54,998 Thereafter 328,495 $ 619,798

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Lease-related Assets and Liabilities	The table below presents the lease-related assets and liabilities recorded on the consolidated balance sheet. Classification on the Balance Sheet September 30, 2019 (in thousands) Assets: Operating lease assets Operating lease right-of use assets $ 583,542 Finance lease assets Property and equipment, net 160,905 Total lease assets $ 744,447 Liabilities: Current Operating Current maturities of operating leases $ 86,632 Finance Current maturities of long-term debt and finance lease obligations 23,583 Noncurrent Operating Noncurrent operating leases 455,765 Finance Long-Term Debt and Finance Lease Obligations 148,140 Total lease liabilities $ 714,120 Weighted-average remaining lease term Operating leases 10.5 years Finance leases 8.5 years Weighted-average discount rate Operating leases (1) 4.81 % Finance leases 4.68 % (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 and nine months ended September 30, 2019 , the total lease costs for finance and operating leases were as follows: Three Months Ended September 30, Nine months ended September 30, 2019 (in thousands) Finance lease cost: Amortization of right-of-use assets $ 6,361 $ 18,923 Interest of lease liabilities 2,052 6,265 Operating lease cost (1) 30,035 89,787 Short-term lease cost (1) 865 4,181 Variable lease cost (1) 32,979 93,582 Total lease cost $ 72,292 $ 212,738 (1) Expenses are classified within aircraft rent and other rentals and landing fees in the consolidated statements of operations. During the three and nine months ended September 30, 2019 , the cash paid for amounts included in the measurement of lease liabilities were as follows: Three Months Ended September 30, Nine months ended September 30, 2019 (in thousands) Operating cash flows from operating leases 28,479 87,362 Operating cash flows from finance leases 2,052 6,265 Financing cash flows from finance lease 5,886 17,407
Finance lease maturity	As of September 30, 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 $ 6,355 $ 1,466 $ 27,531 $ 1,716 2020 25,433 5,327 96,072 7,570 2021 25,447 3,912 81,750 7,781 2022 25,027 3,578 71,690 8,185 2023 21,997 5,019 61,750 8,398 Thereafter 76,237 7,108 158,493 180,972 Total minimum lease payments 180,496 26,410 497,286 214,622 Less: amounts representing interest (29,941 ) (5,242 ) (68,913 ) (100,598 ) Present value of future minimum lease payments $ 150,555 $ 21,168 $ 428,373 $ 114,024 Less: current maturities of lease obligations (18,749 ) (4,834 ) (84,071 ) (2,561 ) Long-term lease obligations $ 131,806 $ 16,334 $ 344,302 $ 111,463
Operating lease maturity	As of September 30, 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 $ 6,355 $ 1,466 $ 27,531 $ 1,716 2020 25,433 5,327 96,072 7,570 2021 25,447 3,912 81,750 7,781 2022 25,027 3,578 71,690 8,185 2023 21,997 5,019 61,750 8,398 Thereafter 76,237 7,108 158,493 180,972 Total minimum lease payments 180,496 26,410 497,286 214,622 Less: amounts representing interest (29,941 ) (5,242 ) (68,913 ) (100,598 ) Present value of future minimum lease payments $ 150,555 $ 21,168 $ 428,373 $ 114,024 Less: current maturities of lease obligations (18,749 ) (4,834 ) (84,071 ) (2,561 ) Long-term lease obligations $ 131,806 $ 16,334 $ 344,302 $ 111,463

Employee Benefit Plans (Tables)

Employee Benefit Plans (Tables)	9 Months Ended
	Sep. 30, 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 September 30, Nine months ended September 30, Components of Net Period Benefit Cost 2019 2018 2019 2018 (in thousands) Service cost $ 2,120 $ 2,275 $ 6,311 $ 6,199 Other cost: Interest cost 5,584 5,145 16,799 15,163 Expected return on plan assets (5,487 ) (5,594 ) (16,452 ) (16,770 ) Recognized net actuarial loss 824 786 2,599 2,146 Total other components of the net periodic benefit cost 921 337 2,946 539 Net periodic benefit cost $ 3,041 $ 2,612 $ 9,257 $ 6,738

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	9 Months Ended
	Sep. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Schedule of firm aircraft and engine orders	As of September 30, 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 3 3 Between 2019 and 2020 B787-9 aircraft 10 10 Between 2021 and 2025 Pratt & Whitney spare engines: A321neo spare engines (1) — 2 N/A General Electric GEnx spare engines: B787-9 spare engines 2 2 Between 2021 and 2025 (1) During the second quarter of 2019, the Company took delivery of its remaining A321neo spare engine and maintain purchase rights for an additional two engines, which expire on December 31, 2019.
Schedule of committed capital and operating expenditures	The gross committed expenditures and committed payments for those deliveries as of September 30, 2019 are detailed below: Aircraft and aircraft related Other Total Committed (in thousands) Remaining in 2019 $ 113,604 $ 20,356 $ 133,960 2020 177,700 76,588 254,288 2021 313,570 72,782 386,352 2022 437,636 64,917 502,553 2023 245,612 59,469 305,081 Thereafter 469,397 167,120 636,517 $ 1,757,519 $ 461,232 $ 2,218,751

Supplemental Cash Flow Inform_2

Supplemental Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2019
Supplemental Cash Flow Information [Abstract]
Non-Cash Investing and Financing Activities	Non-cash investing and financing activities for the nine months ended September 30, 2019 and 2018 were as follows: Nine months ended September 30, 2019 2018 Investing and Financing Activities Not Affecting Cash: (in thousands) Property and equipment acquired through a finance lease $ 6,567 $ 116,359 Right-of-use assets acquired under operating leases 5,435 —

Condensed Consolidating Finan_2

Condensed Consolidating Financial Information (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2019 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 754,608 $ 649 $ (106 ) $ 755,151 Operating Expenses: Wages and benefits — 182,862 — — 182,862 Aircraft fuel, including taxes and delivery — 138,586 — — 138,586 Maintenance, materials and repairs — 58,056 3,307 — 61,363 Aircraft and passenger servicing — 41,762 — — 41,762 Commissions and other selling — 33,310 17 (36 ) 33,291 Aircraft rent — 30,365 169 — 30,534 Other rentals and landing fees — 33,345 — — 33,345 Depreciation and amortization — 39,853 1,743 — 41,596 Purchased services 70 32,803 263 (16 ) 33,120 Other 1,576 40,099 435 (54 ) 42,056 Total 1,646 631,041 5,934 (106 ) 638,515 Operating Income (Loss) (1,646 ) 123,567 (5,285 ) — 116,636 Nonoperating Income (Expense): Undistributed net income of subsidiaries 81,379 — — (81,379 ) — Interest expense and amortization of debt discounts and issuance costs — (6,438 ) — — (6,438 ) Interest income 4 3,144 — — 3,148 Capitalized interest — 1,171 — — 1,171 Losses on fuel derivatives — (4,553 ) — — (4,553 ) Other, net (8 ) (1,437 ) — — (1,445 ) Total 81,375 (8,113 ) — (81,379 ) (8,117 ) Income (Loss) Before Income Taxes 79,729 115,454 (5,285 ) (81,379 ) 108,519 Income tax expense (benefit) (347 ) 29,899 (1,109 ) — 28,443 Net Income (Loss) $ 80,076 $ 85,555 $ (4,176 ) $ (81,379 ) $ 80,076 Comprehensive Income (Loss) $ 83,050 $ 88,529 $ (4,176 ) $ (84,353 ) $ 83,050 Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) Three months ended September 30, 2018 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 756,314 $ 2,870 $ (97 ) $ 759,087 Operating Expenses: Wages and benefits — 176,642 — — 176,642 Aircraft fuel, including taxes and delivery — 162,932 — — 162,932 Maintenance, materials and repairs — 55,818 1,300 — 57,118 Aircraft and passenger servicing — 42,063 — — 42,063 Commissions and other selling — 32,716 16 (28 ) 32,704 Aircraft rent — 31,782 (14 ) — 31,768 Depreciation and amortization — 34,849 1,524 — 36,373 Other rentals and landing fees — 33,146 81 — 33,227 Purchased services 43 32,298 183 (15 ) 32,509 Other 1,604 35,955 420 (54 ) 37,925 Total 1,647 638,201 3,510 (97 ) 643,261 Operating Income (Loss) (1,647 ) 118,113 (640 ) — 115,826 Nonoperating Income (Expense): Undistributed net income of subsidiaries 94,810 — — (94,810 ) — Interest expense and amortization of debt discounts and issuance costs — (8,400 ) (46 ) — (8,446 ) Interest income 41 3,083 — — 3,124 Capitalized interest — 1,821 — — 1,821 Gains on fuel derivatives — 3,495 — — 3,495 Other, net — 936 1 — 937 Total 94,851 935 (45 ) (94,810 ) 931 Income (Loss) Before Income Taxes 93,204 119,048 (685 ) (94,810 ) 116,757 Income tax expense (benefit) (338 ) 23,696 (143 ) — 23,215 Net Income (Loss) $ 93,542 $ 95,352 $ (542 ) $ (94,810 ) $ 93,542 Comprehensive Income (Loss) $ 98,642 $ 100,452 $ (542 ) $ (99,910 ) $ 98,642 Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) Nine months ended September 30, 2019 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 2,122,368 $ 2,063 $ (340 ) $ 2,124,091 Operating Expenses: Aircraft fuel, including taxes and delivery — 405,290 — — 405,290 Wages and benefits — 537,997 — — 537,997 Aircraft rent — 91,564 209 — 91,773 Maintenance materials and repairs — 176,131 6,408 — 182,539 Aircraft and passenger servicing — 120,303 — — 120,303 Commissions and other selling 11 96,655 58 (126 ) 96,598 Depreciation and amortization — 114,254 5,020 — 119,274 Other rentals and landing fees — 95,750 27 — 95,777 Purchased services 194 97,463 696 (47 ) 98,306 Other 4,714 112,159 1,335 (167 ) 118,041 Total 4,919 1,847,566 13,753 (340 ) 1,865,898 Operating Income (Loss) (4,919 ) 274,802 (11,690 ) — 258,193 Nonoperating Income (Expense): Undistributed net income of subsidiaries 178,139 — — (178,139 ) — Interest expense and amortization of debt discounts and issuance costs — (21,252 ) (16 ) — (21,268 ) Interest income 25 9,180 — — 9,205 Capitalized interest — 3,713 — — 3,713 Losses on fuel derivatives — (7,203 ) — — (7,203 ) Other, net (8 ) (5,538 ) (7 ) — (5,553 ) Total 178,156 (21,100 ) (23 ) (178,139 ) (21,106 ) Income (Loss) Before Income Taxes 173,237 253,702 (11,713 ) (178,139 ) 237,087 Income tax expense (benefit) (1,030 ) 66,309 (2,459 ) — 62,820 Net Income (Loss) $ 174,267 $ 187,393 $ (9,254 ) $ (178,139 ) $ 174,267 Comprehensive Income (Loss) $ 177,294 $ 190,420 $ (9,254 ) $ (181,166 ) $ 177,294 Condensed Consolidating Statements of Operations and Comprehensive Income (Loss) Nine months ended September 30, 2018 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) Operating Revenue $ — $ 2,132,853 $ 7,390 $ (297 ) $ 2,139,946 Operating Expenses: Aircraft fuel, including taxes and delivery — 449,404 — — 449,404 Wages and benefits — 516,906 — — 516,906 Aircraft rent — 93,547 (14 ) — 93,533 Maintenance materials and repairs — 172,780 3,449 — 176,229 Aircraft and passenger servicing — 117,207 — — 117,207 Commissions and other selling (5 ) 96,537 61 (111 ) 96,482 Depreciation and amortization — 98,026 3,511 — 101,537 Other rentals and landing fees — 94,913 313 — 95,226 Purchased services 131 94,415 603 (45 ) 95,104 Contract termination expense — 35,322 — — 35,322 Other 5,284 110,513 2,321 (141 ) 117,977 Total 5,410 1,879,570 10,244 (297 ) 1,894,927 Operating Income (Loss) (5,410 ) 253,283 (2,854 ) — 245,019 Nonoperating Income (Expense): Undistributed net income of subsidiaries 205,719 — — (205,719 ) — Interest expense and amortization of debt discounts and issuance costs (3 ) (24,534 ) (91 ) — (24,628 ) Interest income 157 6,372 — — 6,529 Capitalized interest — 6,414 — — 6,414 Gains on fuel derivatives — 27,064 — — 27,064 Other, net (4 ) (761 ) 6 — (759 ) Total 205,869 14,555 (85 ) (205,719 ) 14,620 Income (Loss) Before Income Taxes 200,459 267,838 (2,939 ) (205,719 ) 259,639 Income tax expense (benefit) (1,105 ) 59,797 (617 ) — 58,075 Net Income (Loss) $ 201,564 $ 208,041 $ (2,322 ) $ (205,719 ) $ 201,564 Comprehensive Income (Loss) $ 209,417 $ 215,894 $ (2,322 ) $ (213,572 ) $ 209,417
Schedule of Condensed Consolidating Balance Sheets	Condensed Consolidating Balance Sheets September 30, 2019 Parent Issuer / Subsidiary Non-Guarantor Eliminations Consolidated (in thousands) ASSETS Current assets: Cash and cash equivalents $ 1,594 $ 502,834 $ 7,734 $ — $ 512,162 Short-term investments — 232,444 — — 232,444 Accounts receivable, net — 143,850 1,848 (232 ) 145,466 Spare parts and supplies, net — 37,536 — — 37,536 Prepaid expenses and other 168 53,802 125 — 54,095 Total 1,762 970,466 9,707 (232 ) 981,703 Property and equipment at cost — 2,886,141 92,875 — 2,979,016 Less accumulated depreciation and amortization — (718,508 ) (20,066 ) — (738,574 ) Property and equipment, net — 2,167,633 72,809 — 2,240,442 Operating lease right-of-use assets — 583,542 — — 583,542 Long-term prepayments and other — 138,520 297 — 138,817 Goodwill and other intangible assets, net — 119,687 500 — 120,187 Intercompany receivable — 532,762 — (532,762 ) — Investment in consolidated subsidiaries 1,587,146 — 504 (1,587,650 ) — TOTAL ASSETS $ 1,588,908 $ 4,512,610 $ 83,817 $ (2,120,644 ) $ 4,064,691 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Accounts payable $ 732 $ 150,177 $ 4,685 $ (232 ) $ 155,362 Air traffic liability — 647,078 4,493 — 651,571 Other accrued liabilities — 151,270 296 — 151,566 Current maturities of long-term debt, less discount, and finance lease obligations — 77,014 — — 77,014 Current maturities of operating leases — 86,632 — — 86,632 Total 732 1,112,171 9,474 (232 ) 1,122,145 Long-term debt and finance lease obligations — 704,527 — — 704,527 Intercompany payable 521,329 — 11,433 (532,762 ) — Other liabilities and deferred credits: Noncurrent operating leases — 455,765 — — 455,765 Accumulated pension and other post-retirement benefit obligations — 182,962 — — 182,962 Other liabilities and deferred credits — 98,130 1,101 — 99,231 Noncurrent frequent flyer deferred revenue — 174,474 — — 174,474 Deferred tax liabilities, net — 258,740 — — 258,740 Total — 1,170,071 1,101 — 1,171,172 Shareholders’ equity 1,066,847 1,525,841 61,809 (1,587,650 ) 1,066,847 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,588,908 $ 4,512,610 $ 83,817 $ (2,120,644 ) $ 4,064,691 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 Nine months ended September 30, 2019 Parent Issuer / Subsidiary Non- Eliminations Consolidated (in thousands) Net Cash Provided By (Used In) Operating Activities $ (587 ) $ 462,734 $ (5,252 ) $ — $ 456,895 Cash Flows From Investing Activities: Net payments to affiliates (10,350 ) (75,273 ) — 85,623 — Additions to property and equipment, including pre-delivery deposits — (274,786 ) (5,502 ) — (280,288 ) Proceeds from the sale and sale leaseback of aircraft and aircraft related equipment — 9,045 — — 9,045 Purchases of investments — (265,705 ) — — (265,705 ) Sales of investments — 267,464 — — 267,464 Other — (6,275 ) — — (6,275 ) Net cash used in investing activities (10,350 ) (345,530 ) (5,502 ) 85,623 (275,759 ) Cash Flows From Financing Activities: Long-term borrowings — 227,889 — — 227,889 Repayments of long-term debt and finance lease obligations — (95,350 ) (6 ) — (95,356 ) Debt issuance costs — (1,162 ) — — (1,162 ) Dividend payments (17,206 ) — — — (17,206 ) Net payments from affiliates 75,273 — 10,350 (85,623 ) — Repurchases of common stock (50,690 ) — — — (50,690 ) Other — (1,026 ) — — (1,026 ) Net cash provided by financing activities 7,377 130,351 10,344 (85,623 ) 62,449 Net increase (decrease) in cash and cash equivalents (3,560 ) 247,555 (410 ) — 243,585 Cash, cash equivalents, & restricted cash - Beginning of Period 5,154 255,279 8,144 — 268,577 Cash, cash equivalents, & restricted cash - End of Period $ 1,594 $ 502,834 $ 7,734 $ — $ 512,162 Condensed Consolidating Statements of Cash Flows Nine months ended September 30, 2018 Parent Issuer / Subsidiary Non- Eliminations Consolidated (in thousands) Net Cash Provided By (Used In) Operating Activities $ (4,236 ) $ 446,810 $ 1,506 $ — $ 444,080 Cash Flows From Investing Activities: Net payments to affiliates (11,300 ) (39,980 ) — 51,280 — Additions to property and equipment, including pre-delivery deposits — (373,099 ) (12,999 ) — (386,098 ) Proceeds from the sale of aircraft and aircraft related equipment — 117,143 — — 117,143 Purchases of investments — (159,648 ) — — (159,648 ) Sales of investments — 182,816 — — 182,816 Net cash used in investing activities (11,300 ) (272,768 ) (12,999 ) 51,280 (245,787 ) Cash Flows From Financing Activities: Long-term borrowings — 86,500 — — 86,500 Repayments of long-term debt and finance lease obligations — (53,734 ) (7 ) — (53,741 ) Debt issuance costs — (1,108 ) — — (1,108 ) Dividend payments (18,327 ) — — — (18,327 ) Net payments from affiliates 39,980 — 11,300 (51,280 ) — Repurchases of Common Stock (53,894 ) — — — (53,894 ) Other 78 (3,713 ) — — (3,635 ) Net cash provided by (used in) financing activities (32,163 ) 27,945 11,293 (51,280 ) (44,205 ) Net increase (decrease) in cash and cash equivalents (47,699 ) 201,987 (200 ) — 154,088 Cash, cash equivalents, & restricted cash - Beginning of Period 57,405 126,861 7,687 — 191,953 Cash, cash equivalents, & restricted cash - End of Period $ 9,706 $ 328,848 $ 7,487 $ — $ 346,041

Significant Accounting Polici_3

Significant Accounting Policies Narrative (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Sep. 30, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease right-of-use assets		$ 583,542
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	603,900
Operating lease right-of-use assets	649,300
Cumulative effect on retained earnings, tax	1,600
ASU 2016-02 | Build-To-Suit Lease
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
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

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income (Loss) - Reclassifications (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Amounts reclassified from AOCI
Revenue	$ (755,151)			$ (759,087)			$ (2,124,091)	$ (2,139,946)
Nonoperating Income (Expense), Other, net	1,445			(937)			5,553	759
Total before tax	(108,519)			(116,757)			(237,087)	(259,639)
Tax expense (benefit)	28,443			23,215			62,820	58,075
Total, net of tax	(80,076)			(93,542)			(174,267)	(201,564)
Net income	(80,076)	$ (57,833)	$ (36,358)	(93,542)	$ (79,480)	$ (28,542)	(174,267)	(201,564)
Amount reclassified from accumulated other comprehensive income (loss)
Amounts reclassified from AOCI
Net income	(111)			(158)			(1,327)	2,483
Derivatives designated as hedging instruments under ASC 815 | Amount reclassified from accumulated other comprehensive income (loss)
Amounts reclassified from AOCI
Total before tax	(1,095)			(1,080)			(4,431)	1,025
Tax expense (benefit)	271			265			1,025	(250)
Total, net of tax	(824)			(815)			(3,406)	775
Defined benefit plan | Amount reclassified from accumulated other comprehensive income (loss)
Amounts reclassified from AOCI
Total before tax	824			786			2,598	2,146
Tax expense (benefit)	(38)			(145)			(424)	(478)
Total, net of tax	786			641			2,174	1,668
Actuarial loss | Amount reclassified from accumulated other comprehensive income (loss)
Amounts reclassified from AOCI
Nonoperating Income (Expense), Other, net	768			730			2,430	1,978
Prior service cost | Amount reclassified from accumulated other comprehensive income (loss)
Amounts reclassified from AOCI
Nonoperating Income (Expense), Other, net	56			56			168	168
Short-term investments | Amount reclassified from accumulated other comprehensive income (loss)
Amounts reclassified from AOCI
Realized losses (gain) on sales of investments, net	(97)			21			(126)	52
Total before tax	(97)			21			(126)	52
Tax expense (benefit)	24			(5)			31	(12)
Total, net of tax	(73)			16			(95)	40
Passenger
Amounts reclassified from AOCI
Revenue	(694,263)			(697,232)			(1,948,990)	(1,963,994)
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	$ (1,095)			$ (1,080)			$ (4,431)	$ 1,025

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income (Loss) - Roll Forward (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Rollforward of Accumulated other comprehensive income (loss)
Beginning balance	$ 1,006,690	$ 975,060	$ 947,994	$ 920,047	$ 838,214	$ 845,125	$ 947,994	$ 845,125
Other comprehensive income (loss) before reclassifications, net of tax	3,085			5,258			4,354	5,370
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(111)			(158)			(1,327)	2,483
Net current-period other comprehensive income (loss)	2,974	(2,208)	2,261	5,100	9,944	(7,191)	3,027	7,853
Ending balance	1,066,847	1,006,690	975,060	983,201	920,047	838,214	1,066,847	983,201
Foreign Currency Derivatives | Foreign Currency Derivatives
Rollforward of Accumulated other comprehensive income (loss)
Beginning balance	816		3,317	3,268		1,249	3,317	1,249
Other comprehensive income (loss) before reclassifications, net of tax	2,920			5,107			3,001	5,536
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(824)			(815)			(3,406)	775
Net current-period other comprehensive income (loss)	2,096			4,292			(405)	6,311
Ending balance	2,912	816		7,560	3,268		2,912	7,560
Defined Benefit Plan Items
Rollforward of Accumulated other comprehensive income (loss)
Beginning balance	(94,610)		(95,855)	(74,926)		(75,953)	(95,855)	(75,953)
Other comprehensive income (loss) before reclassifications, net of tax	0			0			(143)	0
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	786			641			2,174	1,668
Net current-period other comprehensive income (loss)	786			641			2,031	1,668
Ending balance	(93,824)	(94,610)		(74,285)	(74,926)		(93,824)	(74,285)
Short-Term Investments
Rollforward of Accumulated other comprehensive income (loss)
Beginning balance	707		(602)	(853)		(560)	(602)	(560)
Other comprehensive income (loss) before reclassifications, net of tax	165			151			1,496	(166)
Amounts reclassified from accumulated other comprehensive income (loss), net of tax	(73)			16			(95)	40
Net current-period other comprehensive income (loss)	92			167			1,401	(126)
Ending balance	799	707		(686)	(853)		799	(686)
Total
Rollforward of Accumulated other comprehensive income (loss)
Beginning balance	(93,087)	(90,879)	(93,140)	(72,511)	(82,455)	(75,264)	(93,140)	(75,264)
Net current-period other comprehensive income (loss)	2,974	(2,208)	2,261	5,100	9,944	(7,191)
Ending balance	$ (90,113)	$ (93,087)	$ (90,879)	$ (67,411)	$ (72,511)	$ (82,455)	$ (90,113)	$ (67,411)

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of Potential Dilution (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Numerator:
Net Income	$ 80,076	$ 57,833	$ 36,358	$ 93,542	$ 79,480	$ 28,542	$ 174,267	$ 201,564
Denominator:
Weighted average common stock shares outstanding - Basic (in shares)	47,119			50,594			47,784	50,807
Assumed exercise of stock options and awards (in shares)	117			137			63	128
Weighted average common stock shares outstanding - Diluted (in shares)	47,236			50,731			47,847	50,935
Net Income Per Share
Basic (in dollars per share)	$ 1.70			$ 1.85			$ 3.65	$ 3.97
Diluted (in dollars per share)	$ 1.70			$ 1.84			$ 3.64	$ 3.96

Earnings Per Share - Stock Repu

Earnings Per Share - Stock Repurchase Program and Dividends (Details) - USD ($)	1 Months Ended		3 Months Ended						9 Months Ended
	Nov. 30, 2018	Nov. 30, 2017	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 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			$ 20,000,000			$ 31,100,000			$ 50,700,000	$ 53,900,000
Number of shares repurchased and retired (in shares)			762,543	725,105	403,598	780,238	65,389	548,861	1,900,000	1,400,000
Remaining authorized repurchase amount			$ 46,800,000						$ 46,800,000
Cash dividend declared (in dollars per share)			$ 0.12	$ 0.12	$ 0.12	$ 0.12	$ 0.12	$ 0.12
Declared and paid cash dividend			$ 5,652,000	$ 5,743,000	$ 5,811,000	$ 6,089,000	$ 6,093,000	$ 6,145,000	$ 17,200,000

Revenue Recognition (Details)

Revenue Recognition (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)segmentline_of_business	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Disaggregation of Revenue [Line Items]
Number of lines of business | line_of_business			1
Number of segments | segment			1
Operating revenue	$ 755,151	$ 759,087	$ 2,124,091	$ 2,139,946
Revenue, performance obligation, timing			represents future revenue that is expected to be realized over the next 12 months
Passenger revenue, excluding frequent flyer
Disaggregation of Revenue [Line Items]
Operating revenue	653,424	658,886	$ 1,834,853	1,855,247
Air traffic liability	472,300		472,300		$ 427,800
Air traffic revenue recognized	367,500	323,400	422,100	357,400
Frequent flyer revenue, transportation component
Disaggregation of Revenue [Line Items]
Operating revenue	40,839	$ 38,346	114,137	$ 108,747
Air traffic liability	$ 348,300		$ 348,300		$ 332,200
Weighted average ETV period			12 months
Period for mile expiration			18 months

Revenue Recognition - Disaggreg

Revenue Recognition - Disaggregation Of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Operating revenue	$ 755,151	$ 759,087	$ 2,124,091	$ 2,139,946
Passenger revenue, excluding frequent flyer
Disaggregation of Revenue [Line Items]
Operating revenue	653,424	658,886	1,834,853	1,855,247
Frequent flyer revenue, transportation component
Disaggregation of Revenue [Line Items]
Operating revenue	40,839	38,346	114,137	108,747
Passenger Revenue
Disaggregation of Revenue [Line Items]
Operating revenue	694,263	697,232	1,948,990	1,963,994
Other revenue (e.g., cargo and other miscellaneous)
Disaggregation of Revenue [Line Items]
Operating revenue	37,725	43,046	110,527	123,275
Frequent flyer revenue, marketing and brand component
Disaggregation of Revenue [Line Items]
Operating revenue	23,163	18,809	64,574	52,677
Other Revenue
Disaggregation of Revenue [Line Items]
Operating revenue	60,888	61,855	175,101	175,952
Domestic
Disaggregation of Revenue [Line Items]
Operating revenue	533,235	535,155	1,542,480	1,555,833
Pacific
Disaggregation of Revenue [Line Items]
Operating revenue	$ 221,916	$ 223,932	$ 581,611	$ 584,113

Short-Term Investments (Details

Short-Term Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Marketable Securities [Line Items]
Amortized Cost	$ 231,343	$ 232,997
Gross Unrealized Gains	1,160	54
Gross Unrealized Losses	(59)	(810)
Contractual Maturities
Under 1 Year	113,151
1 to 5 Years	119,293
Fair Value, Total	232,444	232,241
Corporate debt
Marketable Securities [Line Items]
Amortized Cost	104,849	142,748
Gross Unrealized Gains	890	49
Gross Unrealized Losses	(8)	(695)
Contractual Maturities
Under 1 Year	25,503
1 to 5 Years	80,228
Fair Value, Total	105,731	142,102
U.S. government and agency debt
Marketable Securities [Line Items]
Amortized Cost	70,740	37,163
Gross Unrealized Gains	270	3
Gross Unrealized Losses	(51)	(59)
Contractual Maturities
Under 1 Year	31,894
1 to 5 Years	39,065
Fair Value, Total	70,959	37,107
Certificates of Deposit
Marketable Securities [Line Items]
Amortized Cost	45,456
Gross Unrealized Gains	0
Gross Unrealized Losses	0
Contractual Maturities
Under 1 Year	45,456
1 to 5 Years	0
Fair Value, Total	45,456
Municipal bonds
Marketable Securities [Line Items]
Amortized Cost		9,903
Gross Unrealized Gains		0
Gross Unrealized Losses		(32)
Contractual Maturities
Fair Value, Total		9,871
Other fixed income securities
Marketable Securities [Line Items]
Amortized Cost	10,298	43,183
Gross Unrealized Gains	0	2
Gross Unrealized Losses	0	(24)
Contractual Maturities
Under 1 Year	10,298
1 to 5 Years	0
Fair Value, Total	$ 10,298	$ 43,161

Fair Value Measurements - Sched

Fair Value Measurements - Schedule of Financial Assets and Liabilities, Recurring Basis (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Fair Value Measurements
Short-term investments	$ 232,444	$ 232,241
Recurring basis
Fair Value Measurements
Cash equivalents	105,802	121,154
Short-term investments	232,444	232,241
Total assets measured at fair value	345,804	359,546
Total liabilities measured at fair value	919	1,347
Recurring basis | Fuel derivative contracts
Fair Value Measurements
Derivative assets	3,438	1,572
Recurring basis | Foreign currency derivatives
Fair Value Measurements
Derivative assets	4,120	4,579
Derivative contracts	919	1,347
Recurring basis | Level 1
Fair Value Measurements
Cash equivalents	85,078	42,175
Short-term investments	0	0
Total assets measured at fair value	85,078	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	20,724	78,979
Short-term investments	232,444	232,241
Total assets measured at fair value	260,726	317,371
Total liabilities measured at fair value	919	1,347
Recurring basis | Level 2 | Fuel derivative contracts
Fair Value Measurements
Derivative assets	3,438	1,572
Recurring basis | Level 2 | Foreign currency derivatives
Fair Value Measurements
Derivative assets	4,120	4,579
Derivative contracts	919	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	Sep. 30, 2019	Dec. 31, 2018
Fair Value Measurements
Carrying Amount	$ 619,798	$ 467,760
Recurring basis
Fair Value Measurements
Fair Value	622,125	461,805
Recurring basis | Level 1
Fair Value Measurements
Fair Value	0	0
Recurring basis | Level 2
Fair Value Measurements
Fair Value	0	0
Recurring basis | Level 3
Fair Value Measurements
Fair Value	$ 622,125	$ 461,805

Financial Derivative Instrume_3

Financial Derivative Instruments - Realized and Unrealized Gains and Losses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Derivative instrument
Gains (losses) on fuel derivatives recorded as nonoperating income (expense)	$ (4,553)	$ 3,495	$ (7,203)	$ 27,064
Derivatives not designated as hedges | Fuel derivative contracts
Derivative instrument
Gains (losses) realized at settlement	(3,399)	8,085	(9,294)	24,572
Reversal of prior period unrealized amounts	4,936	(18,873)	8,181	(11,791)
Unrealized gains (losses) that will settle in future periods	(6,090)	14,283	(6,090)	14,283
Gains (losses) on fuel derivatives recorded as nonoperating income (expense)	$ (4,553)	$ 3,495	(7,203)	$ 27,064
Derivatives designated as hedges | Foreign currency derivatives
Derivative instrument
Expected reclassification of net gain			$ 3,100
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	9 Months Ended	12 Months Ended
	Sep. 30, 2019USD ($)gal	Dec. 31, 2018USD ($)gal	Sep. 30, 2019JPY (¥)	Sep. 30, 2019AUD ($)	Dec. 31, 2018JPY (¥)	Dec. 31, 2018AUD ($)
Derivatives designated as hedges | Foreign currency derivatives | Prepaid expenses and other
Fair Value of Derivatives
Derivative, notional amount			¥ 18,172,950	$ 45,848	¥ 15,933,550	$ 48,709
Gross fair value of assets, current	$ 3,391	$ 3,922
Gross fair value of liabilities, current	(539)	(915)
Net derivative position	2,852	3,007
Derivatives designated as hedges | Foreign currency derivatives | Long-term prepayments and other
Fair Value of Derivatives
Derivative, notional amount			5,359,550	7,952	4,491,350	9,419
Gross fair value of assets, noncurrent	507	633
Gross fair value of liabilities, noncurrent	(60)	(292)
Net derivative position	447	341
Derivatives not designated as hedges | Foreign currency derivatives | Prepaid expenses and other
Fair Value of Derivatives
Gross fair value of assets, current	222
Gross fair value of liabilities, current	(320)
Net derivative position	$ (98)
Derivatives not designated as hedges | Foreign currency derivatives | Other accrued liabilities
Fair Value of Derivatives
Derivative, notional amount			¥ 987,100	$ 2,095	¥ 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	97,860	95,256
Gross fair value of assets, current	$ 3,438	$ 1,572
Gross fair value of liabilities, current	0	0
Net derivative position	$ 3,438	$ 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		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Gains (losses) for designated hedge contracts
(Gain) loss recognized in AOCI on derivatives	$ (3,881)		$ (3,904)
(Gain) loss recognized in AOCI on derivatives		$ (6,769)		$ (7,338)
(Gain) loss reclassified from AOCI into income	$ (1,095)		$ (4,431)
(Gain) loss reclassified from AOCI into income		$ (1,080)		$ 1,025

Financial Derivative Instrume_6

Financial Derivative Instruments - Risk and Collateral (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Collateral posted with counterparties	$ 0	$ 0

Debt (Details)

Debt (Details) $ in Thousands, ¥ in Billions	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)aircraft	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)agreementaircraft	Sep. 30, 2018USD ($)	Sep. 30, 2019JPY (¥)aircraft
Expected maturities of long-term debt
Remaining months in 2019	$ 7,938		$ 7,938
2020	55,611		55,611
2021	82,740		82,740
2022	90,016		90,016
2023	54,998		54,998
Thereafter	328,495		328,495
Long-term Debt	619,798		619,798
Foreign currency unrealized gains (losses)	(700)	$ 2,300	(2,300)	$ 2,300
Japanese Yen Denominated Debt
Expected maturities of long-term debt
Debt, collateral value	382,700		$ 382,700
Secured Debt | Japanese Yen Denominated Debt
Expected maturities of long-term debt
Number of debt agreements | agreement			2
Debt, total principal value	227,900		$ 227,900		¥ 24.7
Secured Debt | Japanese Yen Denominated Debt One
Expected maturities of long-term debt
Debt, total principal value	$ 89,100		$ 89,100
Debt, duration of loan			12 years
Debt, fixed installment coupon rate	0.76%		0.76%		0.76%
Secured Debt | Japanese Yen Denominated Debt Two
Expected maturities of long-term debt
Debt, total principal value	$ 138,700		$ 138,700
Debt, duration of loan			5 years 6 months
Debt, fixed installment coupon rate	0.65%		0.65%		0.65%
A321neo | Japanese Yen Denominated Debt
Expected maturities of long-term debt
Number of aircraft used to collateralize debt | aircraft	2		2		2
A330-200 | Japanese Yen Denominated Debt
Expected maturities of long-term debt
Number of aircraft used to collateralize debt | aircraft	4		4		4

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Millions	1 Months Ended	9 Months Ended
	Nov. 30, 2016USD ($)	Sep. 30, 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		7 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		30 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		7 years
Cargo and maintenance hangar
Operating Leased Assets [Line Items]
Operating lease, remaining lease terms	32 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) $ in Thousands	Sep. 30, 2019USD ($)
Assets:
Operating lease assets	$ 583,542
Finance lease assets	160,905
Total lease assets	744,447
Current
Operating	86,632
Finance	23,583
Noncurrent
Operating	455,765
Finance	148,140
Total lease liabilities	$ 714,120
Weighted-average remaining lease term
Operating leases	10 years 6 months
Finance leases	8 years 6 months
Weighted-average discount rate
Operating leases	4.81%
Finance leases	4.68%

Leases - Lease Costs (Details)

Leases - Lease Costs (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Amortization of right-of-use assets	$ 6,361	$ 18,923
Interest of lease liabilities	2,052	6,265
Operating lease cost	30,035	89,787
Short-term lease cost	865	4,181
Variable lease cost	32,979	93,582
Total lease cost	$ 72,292	$ 212,738

Leases - Cash Flow Information

Leases - Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019
Leases [Abstract]
Operating cash flows from operating leases	$ 28,479	$ 87,362
Operating cash flows from finance leases	2,052	6,265
Financing cash flows from finance lease	$ 5,886	$ 17,407

Leases - Operating and Finance

Leases - Operating and Finance Lease Maturity Schedule (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Nov. 30, 2016
Finance Leases
Present value of future minimum lease payments		$ 73,000
Less: current maturities of lease obligations	$ (23,583)
Long-term lease obligations	148,140
Operating Leases
Less: current maturities of lease obligations	(86,632)
Long-term lease obligations	455,765
Aircraft
Finance Leases
Remaining in 2019	6,355
2020	25,433
2021	25,447
2022	25,027
2023	21,997
Thereafter	76,237
Total minimum lease payments	180,496
Less: amounts representing interest	(29,941)
Present value of future minimum lease payments	150,555
Less: current maturities of lease obligations	(18,749)
Long-term lease obligations	131,806
Operating Leases
Remaining in 2019	27,531
2020	96,072
2021	81,750
2022	71,690
2023	61,750
Thereafter	158,493
Total minimum lease payments	497,286
Less: amounts representing interest	(68,913)
Present value of future minimum lease payments	428,373
Less: current maturities of lease obligations	(84,071)
Long-term lease obligations	344,302
Other
Finance Leases
Remaining in 2019	1,466
2020	5,327
2021	3,912
2022	3,578
2023	5,019
Thereafter	7,108
Total minimum lease payments	26,410
Less: amounts representing interest	(5,242)
Present value of future minimum lease payments	21,168
Less: current maturities of lease obligations	(4,834)
Long-term lease obligations	16,334
Operating Leases
Remaining in 2019	1,716
2020	7,570
2021	7,781
2022	8,185
2023	8,398
Thereafter	180,972
Total minimum lease payments	214,622
Less: amounts representing interest	(100,598)
Present value of future minimum lease payments	114,024
Less: current maturities of lease obligations	(2,561)
Long-term lease obligations	$ 111,463

Employee Benefit Plans (Details

Employee Benefit Plans (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Components of Net Period Benefit Cost
Service cost	$ 2,120,000	$ 2,275,000	$ 6,311,000	$ 6,199,000
Other cost:
Interest cost	5,584,000	5,145,000	16,799,000	15,163,000
Expected return on plan assets	(5,487,000)	(5,594,000)	(16,452,000)	(16,770,000)
Recognized net actuarial loss	824,000	786,000	2,599,000	2,146,000
Total other components of the net periodic benefit cost	921,000	337,000	2,946,000	539,000
Net periodic benefit cost	3,041,000	2,612,000	9,257,000	6,738,000
Discretionary contribution to defined benefit and other postretirement plans	$ 0	$ 50,000,000	$ 0	$ 50,000,000

Commitments and Contingent Li_3

Commitments and Contingent Liabilities - Capital Commitments and Operating Expenditures (Details) $ in Thousands	3 Months Ended	9 Months Ended
	Jun. 30, 2019order	Sep. 30, 2019USD ($)aircraftorderpurchase_right
Total Committed Expenditures
Remaining in 2019		$ 133,960
2020		254,288
2021		386,352
2022		502,553
2023		305,081
Thereafter		636,517
Total		2,218,751
Aircraft and aircraft related
Total Committed Expenditures
Remaining in 2019		113,604
2020		177,700
2021		313,570
2022		437,636
2023		245,612
Thereafter		469,397
Total		$ 1,757,519
Aircraft and aircraft related | A321neo spare engines
Long-term Purchase Commitment [Line Items]
Number of aircraft, firm orders | order		0
Number of aircraft purchase rights | purchase_right		2
Number of aircraft firm orders, delivered in period | order	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 | aircraft		3
Number of aircraft purchase rights | aircraft		3
Aircraft and aircraft related | B787-9 aircraft
Long-term Purchase Commitment [Line Items]
Number of aircraft, firm orders | aircraft		10
Number of aircraft purchase rights | aircraft		10
Other
Total Committed Expenditures
Remaining in 2019		$ 20,356
2020		76,588
2021		72,782
2022		64,917
2023		59,469
Thereafter		167,120
Total		$ 461,232

Commitments and Contingent Li_4

Commitments and Contingent Liabilities (Details)	1 Months Ended			3 Months Ended	9 Months Ended
	Oct. 31, 2018orderpurchase_right	Jul. 31, 2018aircraft	Feb. 28, 2018aircraft	Jun. 30, 2019USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Long-term Purchase Commitment [Line Items]
Payment to debt facility | $					$ 95,356,000	$ 53,741,000
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
B-717-200
Long-term Purchase Commitment [Line Items]
Payment to debt facility | $				$ 44,800,000
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		9 Months Ended
	Feb. 28, 2018aircraft	Jan. 31, 2018USD ($)aircraftengine	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)contract
Property, Plant and Equipment [Line Items]
Number of terminated contracts | contract						2
Contract terminations expense | $			$ 0	$ 0	$ 0	$ 35,322
A-330-800-Neo
Property, Plant and Equipment [Line Items]
Number of aircrafts terminated	6
Number of aircraft purchase rights	6
B767-300 aircraft
Property, Plant and Equipment [Line Items]
Sale leaseback agreement, contract exit costs | $		$ 67,100
Aircraft | B767-300 aircraft
Property, Plant and Equipment [Line Items]
Sale lease-back transaction, number of aircraft		3
Number of engines under sale-leaseback | engine		2

Supplemental Cash Flow Inform_3

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Investing and Financing Activities Not Affecting Cash:
Property and equipment acquired through finance leases	$ 6,567	$ 116,359
Right-of-use assets acquired under operating leases	$ 5,435	$ 0

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		9 Months Ended
	Sep. 30, 2019USD ($)pass_through_trust	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)pass_through_trust	Sep. 30, 2018USD ($)
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
Operating Revenue	$ 755,151	$ 759,087	$ 2,124,091	$ 2,139,946
Operating Expenses:
Wages and benefits	182,862	176,642	537,997	516,906
Aircraft fuel, including taxes and delivery	138,586	162,932	405,290	449,404
Maintenance, materials and repairs	61,363	57,118	182,539	176,229
Aircraft and passenger servicing	41,762	42,063	120,303	117,207
Commissions and other selling	33,291	32,704	96,598	96,482
Aircraft rent	30,534	31,768	91,773	93,533
Other rentals and landing fees	33,345	33,227	95,777	95,226
Depreciation and amortization	41,596	36,373	119,274	101,537
Purchased services	33,120	32,509	98,306	95,104
Contract termination expense				35,322
Other	42,056	37,925	118,041	117,977
Total	638,515	643,261	1,865,898	1,894,927
Operating Income (Loss)	116,636	115,826	258,193	245,019
Nonoperating Income (Expense):
Undistributed net income of subsidiaries	0	0	0	0
Interest expense and amortization of debt discounts and issuance costs	(6,438)	(8,446)	(21,268)	(24,628)
Interest income	3,148	3,124	9,205	6,529
Capitalized interest	1,171	1,821	3,713	6,414
Gains (losses) on fuel derivatives	(4,553)	3,495	(7,203)	27,064
Other, net	(1,445)	937	(5,553)	(759)
Total	(8,117)	931	(21,106)	14,620
Income Before Income Taxes	108,519	116,757	237,087	259,639
Income tax expense (benefit)	28,443	23,215	62,820	58,075
Net Income (Loss)	80,076	93,542	174,267	201,564
Comprehensive Income (Loss)	83,050	98,642	177,294	209,417
Eliminations
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
Operating Revenue	(106)	(97)	(340)	(297)
Operating Expenses:
Wages and benefits	0	0	0	0
Aircraft fuel, including taxes and delivery	0	0	0	0
Maintenance, materials and repairs	0	0	0	0
Aircraft and passenger servicing	0	0	0	0
Commissions and other selling	(36)	(28)	(126)	(111)
Aircraft rent	0	0	0	0
Other rentals and landing fees	0	0	0	0
Depreciation and amortization	0	0	0	0
Purchased services	(16)	(15)	(47)	(45)
Contract termination expense				0
Other	(54)	(54)	(167)	(141)
Total	(106)	(97)	(340)	(297)
Operating Income (Loss)	0	0	0	0
Nonoperating Income (Expense):
Undistributed net income of subsidiaries	(81,379)	(94,810)	(178,139)	(205,719)
Interest expense and amortization of debt discounts and issuance costs	0	0	0	0
Interest income	0	0	0	0
Capitalized interest	0	0	0	0
Gains (losses) on fuel derivatives	0	0	0	0
Other, net	0	0	0	0
Total	(81,379)	(94,810)	(178,139)	(205,719)
Income Before Income Taxes	(81,379)	(94,810)	(178,139)	(205,719)
Income tax expense (benefit)	0	0	0	0
Net Income (Loss)	(81,379)	(94,810)	(178,139)	(205,719)
Comprehensive Income (Loss)	(84,353)	(99,910)	(181,166)	(213,572)
Parent Issuer / Guarantor | Reportable Legal Entities
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
Operating Revenue	0	0	0	0
Operating Expenses:
Wages and benefits	0	0	0	0
Aircraft fuel, including taxes and delivery	0	0	0	0
Maintenance, materials and repairs	0	0	0	0
Aircraft and passenger servicing	0	0	0	0
Commissions and other selling	0	0	11	(5)
Aircraft rent	0	0	0	0
Other rentals and landing fees	0	0	0	0
Depreciation and amortization	0	0	0	0
Purchased services	70	43	194	131
Contract termination expense				0
Other	1,576	1,604	4,714	5,284
Total	1,646	1,647	4,919	5,410
Operating Income (Loss)	(1,646)	(1,647)	(4,919)	(5,410)
Nonoperating Income (Expense):
Undistributed net income of subsidiaries	81,379	94,810	178,139	205,719
Interest expense and amortization of debt discounts and issuance costs	0	0	0	(3)
Interest income	4	41	25	157
Capitalized interest	0	0	0	0
Gains (losses) on fuel derivatives	0	0	0	0
Other, net	(8)	0	(8)	(4)
Total	81,375	94,851	178,156	205,869
Income Before Income Taxes	79,729	93,204	173,237	200,459
Income tax expense (benefit)	(347)	(338)	(1,030)	(1,105)
Net Income (Loss)	80,076	93,542	174,267	201,564
Comprehensive Income (Loss)	$ 83,050	98,642	$ 177,294	209,417
Subsidiary Issuer / Guarantor
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
Number of pass-through trusts | pass_through_trust	2		2
Subsidiary Issuer / Guarantor | Reportable Legal Entities
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
Operating Revenue	$ 754,608	756,314	$ 2,122,368	2,132,853
Operating Expenses:
Wages and benefits	182,862	176,642	537,997	516,906
Aircraft fuel, including taxes and delivery	138,586	162,932	405,290	449,404
Maintenance, materials and repairs	58,056	55,818	176,131	172,780
Aircraft and passenger servicing	41,762	42,063	120,303	117,207
Commissions and other selling	33,310	32,716	96,655	96,537
Aircraft rent	30,365	31,782	91,564	93,547
Other rentals and landing fees	33,345	33,146	95,750	94,913
Depreciation and amortization	39,853	34,849	114,254	98,026
Purchased services	32,803	32,298	97,463	94,415
Contract termination expense				35,322
Other	40,099	35,955	112,159	110,513
Total	631,041	638,201	1,847,566	1,879,570
Operating Income (Loss)	123,567	118,113	274,802	253,283
Nonoperating Income (Expense):
Undistributed net income of subsidiaries	0	0	0	0
Interest expense and amortization of debt discounts and issuance costs	(6,438)	(8,400)	(21,252)	(24,534)
Interest income	3,144	3,083	9,180	6,372
Capitalized interest	1,171	1,821	3,713	6,414
Gains (losses) on fuel derivatives	(4,553)	3,495	(7,203)	27,064
Other, net	(1,437)	936	(5,538)	(761)
Total	(8,113)	935	(21,100)	14,555
Income Before Income Taxes	115,454	119,048	253,702	267,838
Income tax expense (benefit)	29,899	23,696	66,309	59,797
Net Income (Loss)	85,555	95,352	187,393	208,041
Comprehensive Income (Loss)	88,529	100,452	190,420	215,894
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Consolidating Statements of Operations and Comprehensive Income (Loss)
Operating Revenue	649	2,870	2,063	7,390
Operating Expenses:
Wages and benefits	0	0	0	0
Aircraft fuel, including taxes and delivery	0	0	0	0
Maintenance, materials and repairs	3,307	1,300	6,408	3,449
Aircraft and passenger servicing	0	0	0	0
Commissions and other selling	17	16	58	61
Aircraft rent	169	(14)	209	(14)
Other rentals and landing fees	0	81	27	313
Depreciation and amortization	1,743	1,524	5,020	3,511
Purchased services	263	183	696	603
Contract termination expense				0
Other	435	420	1,335	2,321
Total	5,934	3,510	13,753	10,244
Operating Income (Loss)	(5,285)	(640)	(11,690)	(2,854)
Nonoperating Income (Expense):
Undistributed net income of subsidiaries	0	0	0	0
Interest expense and amortization of debt discounts and issuance costs	0	(46)	(16)	(91)
Interest income	0	0	0	0
Capitalized interest	0	0	0	0
Gains (losses) on fuel derivatives	0	0	0	0
Other, net	0	1	(7)	6
Total	0	(45)	(23)	(85)
Income Before Income Taxes	(5,285)	(685)	(11,713)	(2,939)
Income tax expense (benefit)	(1,109)	(143)	(2,459)	(617)
Net Income (Loss)	(4,176)	(542)	(9,254)	(2,322)
Comprehensive Income (Loss)	$ (4,176)	$ (542)	$ (9,254)	$ (2,322)

Condensed Consolidating Finan_4

Condensed Consolidating Financial Information - Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 512,162			$ 268,577
Short-term investments	232,444			232,241
Accounts receivable, net	145,466			111,834
Spare parts and supplies, net	37,536			33,942
Prepaid expenses and other	54,095			58,573
Total	981,703			705,167
Property and equipment at cost	2,979,016			2,848,572
Less accumulated depreciation and amortization	(738,574)			(663,461)
Property and equipment, net	2,240,442			2,185,111
Operating lease right-of-use assets	583,542
Long-term prepayments and other	138,817			185,556
Goodwill and other intangible assets, net	120,187			120,812
Intercompany receivable	0			0
Investment in consolidated subsidiaries	0			0
Total Assets	4,064,691			3,196,646
Current liabilities:
Accounts payable	155,362			143,146
Air traffic liability	651,571			603,736
Other accrued liabilities	151,566			158,154
Current maturities of long-term debt, less discount, and finance lease obligations	77,014			101,097
Current maturities of operating leases	86,632
Total	1,122,145			1,006,133
Long-term debt and finance lease obligations	704,527			608,684
Intercompany payable	0			0
Other liabilities and deferred credits:
Noncurrent operating leases	455,765
Accumulated pension and other post-retirement benefit obligations	182,962			182,620
Other liabilities and deferred credits	99,231			119,826
Noncurrent frequent flyer deferred revenue	174,474			163,619
Deferred tax liabilities, net	258,740			167,770
Total	1,171,172			633,835
Shareholders’ equity	1,066,847	$ 1,006,690	$ 975,060	947,994	$ 983,201	$ 920,047	$ 838,214	$ 845,125
Total Liabilities and Shareholders’ Equity	4,064,691			3,196,646
Eliminations
Current assets:
Cash and cash equivalents	0			0
Short-term investments	0			0
Accounts receivable, net	(232)			(234)
Spare parts and supplies, net	0			0
Prepaid expenses and other	0			0
Total	(232)			(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	(532,762)			(456,338)
Investment in consolidated subsidiaries	(1,587,650)			(1,325,380)
Total Assets	(2,120,644)			(1,845,446)
Current liabilities:
Accounts payable	(232)			(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	(232)			(234)
Long-term debt and finance lease obligations	0			0
Intercompany payable	(532,762)			(456,338)
Other liabilities and deferred credits:
Noncurrent operating leases	0
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	(1,587,650)			(1,388,874)
Total Liabilities and Shareholders’ Equity	(2,120,644)			(1,845,446)
Parent Issuer / Guarantor | Reportable Legal Entities
Current assets:
Cash and cash equivalents	1,594			5,154
Short-term investments	0			0
Accounts receivable, net	0			0
Spare parts and supplies, net	0			0
Prepaid expenses and other	168			165
Total	1,762			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	1,587,146			1,325,380
Total Assets	1,588,908			1,393,689
Current liabilities:
Accounts payable	732			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	732			665
Long-term debt and finance lease obligations	0			0
Intercompany payable	521,329			445,030
Other liabilities and deferred credits:
Noncurrent operating leases	0
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	1,066,847			947,994
Total Liabilities and Shareholders’ Equity	1,588,908			1,393,689
Subsidiary Issuer / Guarantor | Reportable Legal Entities
Current assets:
Cash and cash equivalents	502,834			255,279
Short-term investments	232,444			232,241
Accounts receivable, net	143,850			109,499
Spare parts and supplies, net	37,536			33,942
Prepaid expenses and other	53,802			58,296
Total	970,466			689,257
Property and equipment at cost	2,886,141			2,756,551
Less accumulated depreciation and amortization	(718,508)			(648,111)
Property and equipment, net	2,167,633			2,108,440
Operating lease right-of-use assets	583,542
Long-term prepayments and other	138,520			185,161
Goodwill and other intangible assets, net	119,687			120,119
Intercompany receivable	532,762			456,338
Investment in consolidated subsidiaries	0			0
Total Assets	4,512,610			3,559,315
Current liabilities:
Accounts payable	150,177			139,552
Air traffic liability	647,078			598,387
Other accrued liabilities	151,270			157,842
Current maturities of long-term debt, less discount, and finance lease obligations	77,014			101,052
Current maturities of operating leases	86,632
Total	1,112,171			996,833
Long-term debt and finance lease obligations	704,527			604,089
Intercompany payable	0			0
Other liabilities and deferred credits:
Noncurrent operating leases	455,765
Accumulated pension and other post-retirement benefit obligations	182,962			182,620
Other liabilities and deferred credits	98,130			118,682
Noncurrent frequent flyer deferred revenue	174,474			163,619
Deferred tax liabilities, net	258,740			167,770
Total	1,170,071			632,691
Shareholders’ equity	1,525,841			1,325,702
Total Liabilities and Shareholders’ Equity	4,512,610			3,559,315
Non-Guarantor Subsidiaries | Reportable Legal Entities
Current assets:
Cash and cash equivalents	7,734			8,144
Short-term investments	0			0
Accounts receivable, net	1,848			2,569
Spare parts and supplies, net	0			0
Prepaid expenses and other	125			112
Total	9,707			10,825
Property and equipment at cost	92,875			92,021
Less accumulated depreciation and amortization	(20,066)			(15,350)
Property and equipment, net	72,809			76,671
Operating lease right-of-use assets	0
Long-term prepayments and other	297			899
Goodwill and other intangible assets, net	500			693
Intercompany receivable	0			0
Investment in consolidated subsidiaries	504			0
Total Assets	83,817			89,088
Current liabilities:
Accounts payable	4,685			3,163
Air traffic liability	4,493			5,349
Other accrued liabilities	296			312
Current maturities of long-term debt, less discount, and finance lease obligations	0			45
Current maturities of operating leases	0
Total	9,474			8,869
Long-term debt and finance lease obligations	0			4,595
Intercompany payable	11,433			11,308
Other liabilities and deferred credits:
Noncurrent operating leases	0
Accumulated pension and other post-retirement benefit obligations	0			0
Other liabilities and deferred credits	1,101			1,144
Noncurrent frequent flyer deferred revenue	0			0
Deferred tax liabilities, net	0			0
Total	1,101			1,144
Shareholders’ equity	61,809			63,172
Total Liabilities and Shareholders’ Equity	$ 83,817			$ 89,088

Condensed Consolidating Finan_5

Condensed Consolidating Financial Information - Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Condensed Consolidating Statements of Cash Flows
Net Cash Provided By (Used In) Operating Activities	$ 456,895	$ 444,080
Cash Flows From Investing Activities:
Net payments to affiliates	0	0
Additions to property and equipment, including pre-delivery deposits	(280,288)	(386,098)
Proceeds from the sale and sale leaseback of aircraft and aircraft related equipment	9,045	117,143
Purchases of investments	(265,705)	(159,648)
Sales of investments	267,464	182,816
Other	(6,275)	0
Net cash used in investing activities	(275,759)	(245,787)
Cash Flows From Financing Activities:
Long-term borrowings	227,889	86,500
Repayments of long-term debt and finance lease obligations	(95,356)	(53,741)
Debt issuance costs	(1,162)	(1,108)
Dividend payments	(17,206)	(18,327)
Net payments from affiliates	0	0
Repurchases of common stock	(50,690)	(53,894)
Other	(1,026)	(3,635)
Net cash provided by (used in) financing activities	62,449	(44,205)
Net increase in cash and cash equivalents	243,585	154,088
Cash, cash equivalents, and restricted cash - Beginning of Period	268,577	191,953
Cash, cash equivalents, and restricted cash - End of Period	512,162	346,041
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	85,623	51,280
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	0
Purchases of investments	0	0
Sales of investments	0	0
Other	0
Net cash used in investing activities	85,623	51,280
Cash Flows From Financing Activities:
Long-term borrowings	0	0
Repayments of long-term debt and finance lease obligations	0	0
Debt issuance costs	0	0
Dividend payments	0	0
Net payments from affiliates	(85,623)	(51,280)
Repurchases of common stock	0	0
Other	0	0
Net cash provided by (used in) financing activities	(85,623)	(51,280)
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	(587)	(4,236)
Cash Flows From Investing Activities:
Net payments to affiliates	(10,350)	(11,300)
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	0
Purchases of investments	0	0
Sales of investments	0	0
Other	0
Net cash used in investing activities	(10,350)	(11,300)
Cash Flows From Financing Activities:
Long-term borrowings	0	0
Repayments of long-term debt and finance lease obligations	0	0
Debt issuance costs	0	0
Dividend payments	(17,206)	(18,327)
Net payments from affiliates	75,273	39,980
Repurchases of common stock	(50,690)	(53,894)
Other	0	78
Net cash provided by (used in) financing activities	7,377	(32,163)
Net increase in cash and cash equivalents	(3,560)	(47,699)
Cash, cash equivalents, and restricted cash - Beginning of Period	5,154	57,405
Cash, cash equivalents, and restricted cash - End of Period	1,594	9,706
Subsidiary Issuer / Guarantor | Reportable Legal Entities
Condensed Consolidating Statements of Cash Flows
Net Cash Provided By (Used In) Operating Activities	462,734	446,810
Cash Flows From Investing Activities:
Net payments to affiliates	(75,273)	(39,980)
Additions to property and equipment, including pre-delivery deposits	(274,786)	(373,099)
Proceeds from the sale and sale leaseback of aircraft and aircraft related equipment	9,045	117,143
Purchases of investments	(265,705)	(159,648)
Sales of investments	267,464	182,816
Other	(6,275)
Net cash used in investing activities	(345,530)	(272,768)
Cash Flows From Financing Activities:
Long-term borrowings	227,889	86,500
Repayments of long-term debt and finance lease obligations	(95,350)	(53,734)
Debt issuance costs	(1,162)	(1,108)
Dividend payments	0	0
Net payments from affiliates	0	0
Repurchases of common stock	0	0
Other	(1,026)	(3,713)
Net cash provided by (used in) financing activities	130,351	27,945
Net increase in cash and cash equivalents	247,555	201,987
Cash, cash equivalents, and restricted cash - Beginning of Period	255,279	126,861
Cash, cash equivalents, and restricted cash - End of Period	502,834	328,848
Non-Guarantor Subsidiaries | Reportable Legal Entities
Condensed Consolidating Statements of Cash Flows
Net Cash Provided By (Used In) Operating Activities	(5,252)	1,506
Cash Flows From Investing Activities:
Net payments to affiliates	0	0
Additions to property and equipment, including pre-delivery deposits	(5,502)	(12,999)
Proceeds from the sale and sale leaseback of aircraft and aircraft related equipment	0	0
Purchases of investments	0	0
Sales of investments	0	0
Other	0
Net cash used in investing activities	(5,502)	(12,999)
Cash Flows From Financing Activities:
Long-term borrowings	0	0
Repayments of long-term debt and finance lease obligations	(6)	(7)
Debt issuance costs	0	0
Dividend payments	0	0
Net payments from affiliates	10,350	11,300
Repurchases of common stock	0	0
Other	0	0
Net cash provided by (used in) financing activities	10,344	11,293
Net increase in cash and cash equivalents	(410)	(200)
Cash, cash equivalents, and restricted cash - Beginning of Period	8,144	7,687
Cash, cash equivalents, and restricted cash - End of Period	$ 7,734	$ 7,487