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Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating Revenue:        
Total operating revenue $ 3,062 $ 12,560 $ 13,122 $ 35,568
Operating Expense:        
Salaries and related costs 1,956 2,884 6,814 8,275
Aircraft fuel and related taxes 486 2,239 2,453 6,508
Regional carriers expense, excluding fuel 488 900 1,888 2,698
Depreciation and amortization 545 631 1,813 1,960
Contracted services 379 685 1,398 1,974
Landing fees and other rents 378 460 1,195 1,321
Ancillary businesses and refinery 561 279 1,181 945
Aircraft maintenance materials and outside repairs 106 424 618 1,334
Passenger commissions and other selling expenses 94 539 498 1,505
Passenger service 88 345 433 938
Aircraft rent 99 110 295 318
Restructuring charges 5,345 0 7,798 0
CARES Act grant recognition (1,315) 0 (2,595) 0
Profit sharing 0 517 0 1,256
Other 238 476 944 1,317
Total operating expense 9,448 10,489 24,733 30,349
Operating (Loss)/Income (6,386) 2,071 (11,611) 5,219
Non-Operating Expense:        
Interest expense, net (291) (70) (564) (228)
Impairments and equity method (losses)/gains (114) 27 (2,432) (44)
Gain/(loss) on investments, net (95) (35) (199) (17)
Miscellaneous, net 27 (46) 327 (130)
Total non-operating expense, net (473) (124) (2,868) (419)
(Loss)/Income Before Income Taxes (6,859) 1,947 (14,479) 4,800
Income Tax Benefit/(Provision) 1,480 (452) 2,849 (1,131)
Net (Loss)/Income $ (5,379) $ 1,495 $ (11,630) $ 3,669
Basic (Loss)/Earnings Per Share (USD per share) $ (8.47) $ 2.32 $ (18.30) $ 5.61
Diluted (Loss)/Earnings Per Share (USD per share) (8.47) 2.31 (18.30) 5.59
Cash Dividends Declared Per Share (USD per share) $ 0 $ 0.40 $ 0.40 $ 1.10
Comprehensive (Loss)/Income $ (5,381) $ 1,545 $ (11,580) $ 3,849
Passenger        
Operating Revenue:        
Total operating revenue 1,938 11,410 10,185 32,032
Cargo        
Operating Revenue:        
Total operating revenue 142 189 403 567
Other        
Operating Revenue:        
Total operating revenue $ 982 $ 961 $ 2,534 $ 2,969