Fair Value Measurements and Derivatives (Tables)
|
6 Months Ended |
Jun. 30, 2018 |
|---|
| Derivative Instruments And Hedging Activities Disclosure [Abstract] |
|
| Schedule of derivatives measured at fair value and discloses the balance sheet location |
| |
|
|
|
Asset |
|
|
Liability |
|
| |
|
Balance Sheet location |
|
June 30,
2018 |
|
|
December 31,
2017 |
|
|
June 30,
2018 |
|
|
December 31,
2017 |
|
| Fuel contracts designated as hedging instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Prepaid expenses and other assets |
|
$ |
48,058 |
|
|
$ |
19,220 |
|
|
$ |
— |
|
|
$ |
2,406 |
|
| |
|
Other long-term assets |
|
|
32,482 |
|
|
|
19,854 |
|
|
|
658 |
|
|
|
3,469 |
|
| |
|
Accrued expenses and other liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,348 |
|
| |
|
Other long-term liabilities |
|
|
— |
|
|
|
576 |
|
|
|
— |
|
|
|
2,148 |
|
| Foreign currency contracts designated as hedging instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Prepaid expenses and other assets |
|
|
3,502 |
|
|
|
52,300 |
|
|
|
— |
|
|
|
730 |
|
| |
|
Other long-term assets |
|
|
42,186 |
|
|
|
85,081 |
|
|
|
2,960 |
|
|
|
— |
|
| |
|
Other long-term liabilities |
|
|
— |
|
|
|
— |
|
|
|
4,760 |
|
|
|
— |
|
| Interest contracts designated as hedging instruments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Prepaid expenses and other assets |
|
|
621 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
Other long-term assets |
|
|
1,362 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
Accrued expenses and other liabilities |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
1,020 |
|
| Total derivatives designated as hedging instruments |
|
|
|
$ |
128,211 |
|
|
$ |
177,031 |
|
|
$ |
8,378 |
|
|
$ |
13,121 |
|
|
| Schedule of discloses the gross and net amounts recognized within assets and liabilities |
| June 30, 2018 |
|
Gross Amounts |
|
|
Gross
Amounts
Offset |
|
|
Total Net
Amounts |
|
|
Gross
Amounts Not
Offset |
|
|
Net Amounts |
|
| Assets |
|
$ |
128,211 |
|
|
$ |
(3,618 |
) |
|
$ |
124,593 |
|
|
$ |
(42,913 |
) |
|
$ |
81,680 |
|
| Liabilities |
|
|
4,760 |
|
|
|
— |
|
|
|
4,760 |
|
|
|
(4,760 |
) |
|
|
— |
|
| 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 or (loss)
recognized in other
comprehensive income
|
|
|
Location of gain or
(loss) reclassified
from accumulated
other
comprehensive
income (loss) into
income
|
|
Amount of gain or (loss) reclassified
from accumulated other comprehensive
income (loss) into income
|
|
| |
|
Three Months
Ended June 30,
2018
|
|
|
Three Months
Ended June 30,
2017
|
|
|
|
|
Three Months
Ended June 30,
2018
|
|
|
Three Months
Ended June 30,
2017
|
|
| Fuel contracts |
|
$ |
70,508 |
|
|
$ |
(4,884 |
) |
|
Fuel |
|
$ |
7,904 |
|
|
$ |
(8,584 |
) |
| Foreign currency contracts |
|
|
(88,382 |
) |
|
|
136,428 |
|
|
Depreciation and amortization expense |
|
|
(899 |
) |
|
|
(895 |
) |
| Interest rate contracts |
|
|
1,980 |
|
|
|
(25 |
) |
|
Interest expense, net |
|
|
(282 |
) |
|
|
(765 |
) |
| Total gain (loss) recognized in other comprehensive income |
|
$ |
(15,894 |
) |
|
$ |
131,519 |
|
|
|
|
$ |
6,723 |
|
|
$ |
(10,244 |
) |
| Derivatives |
|
Amount of gain or (loss)
recognized in other
comprehensive income
|
|
|
Location of gain or
(loss) reclassified
from accumulated
other
comprehensive
income (loss) into
income
|
|
Amount of gain or (loss)
reclassified
from accumulated other comprehensive
income (loss) into income
|
|
| |
|
Six Months
Ended June 30,
2018
|
|
|
Six Months
Ended June 30,
2017
|
|
|
|
|
Six Months
Ended June 30,
2018
|
|
|
Six Months
Ended June 30,
2017
|
|
| Fuel contracts |
|
$ |
64,496 |
|
|
$ |
(31,087 |
) |
|
Fuel |
|
$ |
11,429 |
|
|
$ |
(16,587 |
) |
| Foreign currency contracts |
|
|
(33,889 |
) |
|
|
155,064 |
|
|
Depreciation and amortization expense |
|
|
(2,058 |
) |
|
|
(1,752 |
) |
| Interest rate contracts |
|
|
2,075 |
|
|
|
259 |
|
|
Interest expense, net |
|
|
(863 |
) |
|
|
(1,610 |
) |
| Total gain (loss)
recognized in other comprehensive income |
|
$ |
32,682 |
|
|
$ |
124,236 |
|
|
|
|
$ |
8,508 |
|
|
$ |
(19,949 |
) |
|
| Schedule of cash flow hedge accounting on the consolidated financial statements of operations |
| |
|
For the Three months
Ended June 30, 2018 |
|
|
For the Three months
Ended June 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 |
|
$ |
95,212 |
|
|
$ |
140,704 |
|
|
$ |
72,988 |
|
|
$ |
86,663 |
|
|
$ |
123,141 |
|
|
$ |
64,196 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amount of gain or (loss) reclassified from accumulated other comprehensive income (loss) into income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fuel contracts |
|
|
7,904 |
|
|
|
— |
|
|
|
— |
|
|
|
(8,584 |
) |
|
|
— |
|
|
|
— |
|
| Foreign currency contracts |
|
|
— |
|
|
|
(899 |
) |
|
|
— |
|
|
|
— |
|
|
|
(895 |
) |
|
|
— |
|
| Interest rate contracts |
|
|
— |
|
|
|
— |
|
|
|
(282 |
) |
|
|
— |
|
|
|
— |
|
|
|
(765 |
) |
| |
|
For the Six Months
Ended June 30, 2018 |
|
|
For the Six Months
Ended June 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 |
|
$ |
188,643 |
|
|
$ |
271,948 |
|
|
$ |
132,686 |
|
|
$ |
175,549 |
|
|
$ |
242,346 |
|
|
$ |
117,156 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amount of gain or (loss) reclassified from accumulated other comprehensive income (loss) into income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fuel contracts |
|
|
11,429 |
|
|
|
— |
|
|
|
— |
|
|
|
(16,587 |
) |
|
|
— |
|
|
|
— |
|
| Foreign currency contracts |
|
|
— |
|
|
|
(2,058 |
) |
|
|
— |
|
|
|
— |
|
|
|
(1,752 |
) |
|
|
— |
|
| Interest rate contracts |
|
|
— |
|
|
|
— |
|
|
|
(863 |
) |
|
|
— |
|
|
|
— |
|
|
|
(1,610 |
) |
|