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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating revenues:        
Total operating revenues $ 973 $ 967 $ 1,838 $ 1,815
Operating expenses:        
Aircraft fuel 288 244 551 536
Salaries, wages and benefits 244 211 477 414
Aircraft rent 147 148 306 279
Station operations 163 124 300 248
Maintenance, materials and repairs 42 52 91 97
Sales and marketing 47 44 87 84
Depreciation and amortization 18 12 34 23
Other operating (1) 53 (2) 80
Total operating expenses 948 888 1,844 1,761
Operating income (loss) 25 79 (6) 54
Other income (expense):        
Interest expense (8) (7) (17) (13)
Capitalized interest 7 6 16 12
Interest income and other 8 10 15 18
Total other income (expense) 7 9 14 17
Income (loss) before income taxes 32 88 8 71
Income tax expense (benefit) 1 17 3 13
Net income (loss) $ 31 $ 71 $ 5 $ 58
Earnings (loss) per share:        
Basic (in dollars per share) $ 0.14 $ 0.32 $ 0.02 $ 0.26
Diluted (in dollars per share) $ 0.14 $ 0.31 $ 0.02 $ 0.26
Passenger        
Operating revenues:        
Total operating revenues $ 950 $ 945 $ 1,795 $ 1,775
Other        
Operating revenues:        
Total operating revenues $ 23 $ 22 $ 43 $ 40