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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenues:        
Total operating revenues $ 967 $ 909 $ 1,815 $ 1,514
Operating expenses:        
Aircraft fuel 244 335 536 550
Salaries, wages and benefits 211 174 414 346
Aircraft rent 148 133 279 261
Station operations 124 120 248 225
Sales and marketing 44 46 84 78
Maintenance, materials and repairs 52 31 97 65
Depreciation and amortization 12 15 23 28
Transaction and merger-related costs 0 9 1 20
Other operating 53 39 79 87
Total operating expenses 888 902 1,761 1,660
Operating income (loss) 79 7 54 (146)
Other income (expense):        
Interest expense (7) (3) (13) (12)
Capitalized interest 6 2 12 3
Interest income and other 10 2 18 2
Total other income (expense) 9 1 17 (7)
Income (loss) before income taxes 88 8 71 (153)
Income tax expense (benefit) 17 (5) 13 (45)
Net income (loss) $ 71 $ 13 $ 58 $ (108)
Earnings (loss) per share:        
Basic (in dollars per share) $ 0.32 $ 0.06 $ 0.26 $ (0.49)
Diluted (in dollars per share) $ 0.31 $ 0.06 $ 0.26 $ (0.49)
Passenger        
Operating revenues:        
Total operating revenues $ 945 $ 890 $ 1,775 $ 1,478
Other        
Operating revenues:        
Total operating revenues $ 22 $ 19 $ 40 $ 36