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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating Revenue:        
Operating revenue $ 11,775 $ 10,747 $ 21,743 $ 19,848
Operating Expense:        
Salaries and related costs 2,668 2,521 5,252 4,906
Aircraft fuel and related taxes 2,341 1,687 4,195 3,169
Regional carriers expense, excluding fuel 883 838 1,739 1,702
Depreciation and amortization 590 531 1,200 1,068
Contracted services 540 525 1,084 1,029
Ancillary businesses and refinery 494 296 987 588
Passenger commissions and other selling expenses 511 467 938 872
Aircraft maintenance materials and outside repairs 427 392 862 824
Landing fees and other rents 407 373 780 734
Profit sharing 400 338 583 489
Passenger service 300 284 563 518
Aircraft rent 97 86 191 170
Other 437 427 849 798
Total operating expense 10,095 8,765 19,223 16,867
Operating Income 1,680 1,982 2,520 2,981
Non-Operating Expense:        
Interest expense, net (89) (103) (191) (197)
Unrealized gain/(loss) on investments, net (238) 0 (220) 0
Miscellaneous, net 19 (48) (19) (104)
Total non-operating expense, net (308) (151) (430) (301)
Income Before Income Taxes 1,372 1,831 2,090 2,680
Income Tax Provision (347) (645) (518) (933)
Net Income $ 1,025 $ 1,186 $ 1,572 $ 1,747
Basic Earnings Per Share (USD per share) $ 1.47 $ 1.63 $ 2.25 $ 2.40
Diluted Earnings Per Share (USD per share) 1.47 1.62 2.24 2.39
Cash Dividends Declared Per Share (USD per share) $ 0.31 $ 0.20 $ 0.61 $ 0.41
Comprehensive Income $ 1,100 $ 1,208 $ 1,587 $ 1,834
Passenger        
Operating Revenue:        
Operating revenue 10,546 9,768 19,311 17,946
Cargo        
Operating Revenue:        
Operating revenue 223 187 425 350
Other        
Operating Revenue:        
Operating revenue $ 1,006 $ 792 $ 2,007 $ 1,552