v3.26.1
Consolidated Statements of Operations - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Passenger revenues:      
  Fare revenues $ 1,301,750 $ 1,517,106 $ 1,650,287
  Other passenger revenues 1,580,665 1,492,593 1,473,237
Total passenger revenue 2,882,415 3,009,699 3,123,524
Non-passenger revenues:      
  Other non-passenger revenues 134,483 111,551 115,424
  Cargo 20,618 20,626 20,025
Total operating revenues 3,037,516 3,141,876 3,258,973
  Other operating income (Note 22) (222,256) (206,444) (54,710)
  Fuel expense (Note 3a) 885,520 893,987 1,165,078
  Landing, take-off and navigation expenses 544,298 492,507 503,366
  Salaries and benefits 451,096 411,253 386,723
  Depreciation of right-of-use assets (Note 14) 448,570 409,935 362,015
  Aircraft and engine variable lease expenses (Note 14) 196,082 135,155 103,845
  Sales, marketing and distribution expenses 144,208 169,472 167,341
  Maintenance expenses 129,930 100,426 98,445
  Other operating expenses (Note 22) 116,901 139,248 169,864
  Depreciation and amortization (Notes 12 and 13) 208,176 183,115 134,296
Operating income 134,991 413,222 222,710
Finance income (Note 23) 47,841 49,444 38,222
Finance cost (Note 23) (314,139) (293,639) (219,343)
Foreign exchange gain (loss) net (Note 3b) 13,059 13,662 (34,147)
(Loss) income before income tax (118,248) 182,689 7,442
Income tax benefit (expense) (Note 20) 14,376 (56,314) 377
Net (loss) income $ (103,872) $ 126,375 $ 7,819
(Loss) earnings per share basic: $ (0.090) $ 0.110 $ 0.007
(Loss) earnings per share diluted: $ (0.090) $ 0.108 $ 0.007