Fair Value Measurements and Derivatives (Tables)
|
9 Months Ended |
Sep. 30, 2018 |
|---|
| Derivative Instruments And Hedging Activities Disclosure [Abstract] |
|
| Schedule of derivatives measured at fair value and discloses the balance sheet location |
| |
|
|
|
Assets |
|
|
Liabilities |
|
|
Derivative Contracts Designated as
Hedging Instruments
|
|
Balance Sheet Location |
|
September 30,
2018 |
|
|
December 31,
2017 |
|
|
September 30,
2018 |
|
|
December 31,
2017 |
|
| Fuel contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Prepaid expenses and other assets |
|
$ |
52,471 |
|
|
$ |
19,220 |
|
|
$ |
— |
|
|
$ |
2,406 |
|
| |
|
Other long-term assets |
|
|
32,357 |
|
|
|
19,854 |
|
|
|
281 |
|
|
|
3,469 |
|
| |
|
Accrued expenses and other liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,348 |
|
| |
|
Other long-term liabilities |
|
|
— |
|
|
|
576 |
|
|
|
— |
|
|
|
2,148 |
|
| Foreign currency
contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Prepaid expenses and other assets |
|
|
2,229 |
|
|
|
52,300 |
|
|
|
— |
|
|
|
730 |
|
| |
|
Other long-term assets |
|
|
33,337 |
|
|
|
85,081 |
|
|
|
2,976 |
|
|
|
— |
|
| |
|
Accrued expenses and other liabilities |
|
|
— |
|
|
|
— |
|
|
|
118 |
|
|
|
— |
|
| |
|
Other long-term liabilities |
|
|
4,747 |
|
|
|
— |
|
|
|
9,312 |
|
|
|
— |
|
| Interest rate contracts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Prepaid expenses and other assets |
|
|
1,984 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
Other long-term assets |
|
|
1,177 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
Accrued expenses and other liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,020 |
|
| Total derivative contracts designated as hedging instruments |
|
|
|
$ |
128,302 |
|
|
$ |
177,031 |
|
|
$ |
12,687 |
|
|
$ |
13,121 |
|
|
| Schedule of discloses the gross and net amounts recognized within assets and liabilities |
| September 30, 2018 |
|
Gross
Amounts
|
|
|
Gross
Amounts
Offset |
|
|
Total Net
Amounts |
|
|
Gross
Amounts
Not Offset
|
|
|
Net Amounts |
|
| Assets |
|
$ |
123,555 |
|
|
$ |
(3,257 |
) |
|
$ |
120,298 |
|
|
$ |
(34,549 |
) |
|
$ |
85,749 |
|
| Liabilities |
|
|
9,430 |
|
|
|
(4,747 |
) |
|
|
4,683 |
|
|
|
(3,716 |
) |
|
|
967 |
|
| December 31, 2017 |
|
Gross
Amounts
|
|
|
Gross
Amounts
Offset |
|
|
Total Net
Amounts |
|
|
Gross
Amounts
Not Offset
|
|
|
Net Amounts |
|
| Assets |
|
$ |
176,455 |
|
|
$ |
(6,605 |
) |
|
$ |
169,850 |
|
|
$ |
(127,924 |
) |
|
$ |
41,926 |
|
| Liabilities |
|
|
6,516 |
|
|
|
(576 |
) |
|
|
5,940 |
|
|
|
(1,020 |
) |
|
|
4,920 |
|
|
| Schedule of cash flow hedge accounting on accumulated other comprehensive income |
| Derivatives |
|
Amount of Gain (Loss)
Recognized in Other
Comprehensive Income
|
|
|
Location of Gain
(Loss) Reclassified
from Accumulated
Other Comprehensive
Income (Loss) into
Income
|
|
Amount of Gain (Loss) Reclassified
from Accumulated Other Comprehensive
Income (Loss) into Income
|
|
| |
|
Three Months Ended
September 30, 2018
|
|
|
Three Months Ended
September 30, 2017
|
|
|
|
|
Three Months Ended
September 30, 2018
|
|
|
Three Months Ended
September 30, 2017
|
|
| Fuel contracts |
|
$ |
24,439 |
|
|
$ |
30,452 |
|
|
Fuel |
|
$ |
11,595 |
|
|
$ |
(9,796 |
) |
| Foreign currency contracts |
|
|
(10,062 |
) |
|
|
66,849 |
|
|
Depreciation and amortization |
|
|
(703 |
) |
|
|
(1,157 |
) |
| Interest rate contracts |
|
|
988 |
|
|
|
(25 |
) |
|
Interest expense, net |
|
|
(186 |
) |
|
|
(691 |
) |
| Total gain (loss) recognized in other comprehensive income |
|
$ |
15,365 |
|
|
$ |
97,276 |
|
|
|
|
$ |
10,706 |
|
|
$ |
(11,644 |
) |
| Derivatives |
|
Amount of Gain (Loss)
Recognized in Other
Comprehensive Income
|
|
|
Location of Gain
(Loss) Reclassified
from Accumulated
Other Comprehensive
Income (Loss) into
Income
|
|
Amount of Gain (Loss) Reclassified
from Accumulated Other Comprehensive
Income (Loss) into Income
|
|
| |
|
Nine Months Ended
September 30, 2018
|
|
|
Nine Months Ended
September 30, 2017
|
|
|
|
|
Nine Months Ended
September 30, 2018
|
|
|
Nine Months
Ended
September 30, 2017
|
|
| Fuel contracts |
|
$ |
88,935 |
|
|
$ |
(635 |
) |
|
Fuel |
|
$ |
23,024 |
|
|
$ |
(26,383 |
) |
| Foreign currency contracts |
|
|
(43,951 |
) |
|
|
221,913 |
|
|
Depreciation and amortization |
|
|
(2,761 |
) |
|
|
(2,909 |
) |
| Interest rate contracts |
|
|
3,063 |
|
|
|
234 |
|
|
Interest expense, net |
|
|
(1,049 |
) |
|
|
(2,301 |
) |
| Total gain (loss) recognized in other comprehensive income |
|
$ |
48,047 |
|
|
$ |
221,512 |
|
|
|
|
$ |
19,214 |
|
|
$ |
(31,593 |
) |
|
| Schedule of cash flow hedge accounting on the consolidated financial statements of operations |
| |
|
Three Months Ended September 30, 2018 |
|
|
Three Months Ended September 30, 2017 |
|
| |
|
Fuel |
|
|
Depreciation
and
Amortization |
|
|
Interest
Expense, net |
|
|
Fuel |
|
|
Depreciation
and
Amortization |
|
|
Interest
Expense, net |
|
| Total amounts of income and expense line items presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded |
|
$ |
99,643 |
|
|
$ |
143,700 |
|
|
$ |
69,540 |
|
|
$ |
91,231 |
|
|
$ |
134,532 |
|
|
$ |
66,339 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fuel contracts |
|
|
11,595 |
|
|
|
— |
|
|
|
— |
|
|
|
(9,796 |
) |
|
|
— |
|
|
|
— |
|
| Foreign currency contracts |
|
|
— |
|
|
|
(703 |
) |
|
|
— |
|
|
|
— |
|
|
|
(1,157 |
) |
|
|
— |
|
| Interest rate contracts |
|
|
— |
|
|
|
— |
|
|
|
(186 |
) |
|
|
— |
|
|
|
— |
|
|
|
(691 |
) |
| |
|
Nine Months Ended September 30, 2018 |
|
|
Nine Months Ended September 30, 2017 |
|
| |
|
Fuel |
|
|
Depreciation
and
Amortization |
|
|
Interest
Expense, net |
|
|
Fuel |
|
|
Depreciation
and
Amortization |
|
|
Interest
Expense, Net |
|
| Total amounts of income and expense line items presented in the consolidated statements of operations in which the effects of cash flow hedges are recorded |
|
$ |
288,286 |
|
|
$ |
415,648 |
|
|
$ |
202,226 |
|
|
$ |
266,780 |
|
|
$ |
376,878 |
|
|
$ |
183,495 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amount of gain (loss) reclassified from accumulated other comprehensive income (loss) into income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fuel contracts |
|
|
23,024 |
|
|
|
— |
|
|
|
— |
|
|
|
(26,383 |
) |
|
|
— |
|
|
|
— |
|
| Foreign currency contracts |
|
|
— |
|
|
|
(2,761 |
) |
|
|
— |
|
|
|
— |
|
|
|
(2,909 |
) |
|
|
— |
|
| Interest rate contracts |
|
|
— |
|
|
|
— |
|
|
|
(1,049 |
) |
|
|
— |
|
|
|
— |
|
|
|
(2,301 |
) |
|