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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating Revenue:        
Total operating revenue $ 1,468 $ 12,536 $ 10,060 $ 23,008
Operating Expense:        
Salaries and related costs 2,086 2,752 4,858 5,391
Aircraft fuel and related taxes 372 2,291 1,967 4,269
Regional carriers expense, excluding fuel 497 905 1,399 1,798
Depreciation and amortization 591 713 1,268 1,328
Contracted services 344 657 1,019 1,288
Landing fees and other rents 350 442 817 861
Ancillary businesses and refinery 401 316 620 667
Aircraft maintenance materials and outside repairs 43 434 512 910
Passenger commissions and other selling expenses 45 538 403 965
Passenger service 88 322 345 593
Aircraft rent 96 107 196 209
Restructuring charges 2,454 0 2,454 0
CARES Act grant recognition (1,280) 0 (1,280) 0
Profit sharing 0 518 0 739
Other 196 413 707 842
Total operating expense 6,283 10,408 15,285 19,860
Operating (Loss)/Income (4,815) 2,128 (5,225) 3,148
Non-Operating Expense:        
Interest expense, net (194) (75) (273) (158)
Impairments and equity method losses (2,058) (17) (2,318) (71)
Gain/(loss) on investments, net 8 (82) (104) 18
Miscellaneous, net 45 (47) 299 (84)
Total non-operating expense, net (2,199) (221) (2,396) (295)
(Loss)/Income Before Income Taxes (7,014) 1,907 (7,621) 2,853
Income Tax Benefit/(Provision) 1,297 (464) 1,370 (680)
Net (Loss)/Income $ (5,717) $ 1,443 $ (6,251) $ 2,173
Basic (Loss)/Earnings Per Share (USD per share) $ (9.01) $ 2.22 $ (9.83) $ 3.30
Diluted (Loss)/Earnings Per Share (USD per share) (9.01) 2.21 (9.83) 3.29
Cash Dividends Declared Per Share (USD per share) $ 0 $ 0.35 $ 0.40 $ 0.70
Comprehensive (Loss)/Income $ (5,756) $ 1,515 $ (6,199) $ 2,304
Passenger        
Operating Revenue:        
Total operating revenue 678 11,368 8,247 20,622
Cargo        
Operating Revenue:        
Total operating revenue 108 186 261 378
Other        
Operating Revenue:        
Total operating revenue $ 682 $ 982 $ 1,552 $ 2,008