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Statements of Consolidated Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating revenue:        
Operating revenue $ 12,112 $ 5,471 $ 19,678 $ 8,692
Operating expense:        
Salaries and related costs 2,836 2,276 5,623 4,500
Aircraft fuel 3,811 1,232 6,041 2,083
Landing fees and other rent 668 564 1,280 1,083
Depreciation and amortization 611 620 1,222 1,243
Regional capacity purchase 567 547 1,132 1,026
Aircraft maintenance materials and outside repairs 527 302 934 571
Distribution expenses 393 139 619 224
Aircraft rent 67 52 128 107
Special charges (credits) 112 (948) 104 (2,325)
Other operating expenses 1,642 957 3,093 1,831
Total operating expense 11,234 5,741 20,176 10,343
Operating income (loss) 878 (270) (498) (1,651)
Nonoperating income (expense):        
Interest expense (420) (426) (844) (779)
Interest capitalized 22 22 46 39
Interest income 33 12 38 19
Unrealized gains (losses) on investments, net (40) 147 (40) 125
Miscellaneous, net (14) (49) 5 (68)
Total nonoperating expense, net (419) (294) (795) (664)
Income (loss) before income tax expense (benefit) 459 (564) (1,293) (2,315)
Income tax expense (benefit) 130 (130) (245) (524)
Net income (loss) $ 329 $ (434) $ (1,048) $ (1,791)
Earnings (loss) per share, basic (in dollars per share) $ 1.01 $ (1.34) $ (3.22) $ (5.60)
Earnings (loss) per share, diluted ( in dollars per share) $ 1.00 $ (1.34) $ (3.22) $ (5.60)
Passenger revenue        
Operating revenue:        
Operating revenue $ 10,829 $ 4,366 $ 17,177 $ 6,682
Cargo        
Operating revenue:        
Operating revenue 574 606 1,201 1,103
Other operating revenue        
Operating revenue:        
Operating revenue $ 709 $ 499 $ 1,300 $ 907