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Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating Revenue:        
Total operating revenue $ 9,154 $ 3,062 $ 20,429 $ 13,122
Operating Expense:        
Salaries and related costs 2,566 2,012 7,096 7,000
Aircraft fuel and related taxes 1,552 486 4,056 2,453
Ancillary businesses and refinery 1,079 561 2,724 1,181
Contracted services 634 419 1,723 1,536
Depreciation and amortization 501 545 1,494 1,813
Landing fees and other rents 524 458 1,477 1,430
Regional carrier expense 453 290 1,258 1,204
Aircraft maintenance materials and outside repairs 433 106 1,014 618
Passenger commissions and other selling expenses 308 100 640 548
Passenger service 226 92 520 456
Aircraft rent 105 99 313 295
Restructuring charges 33 5,345 (3) 7,798
Government grant recognition (1,822) (1,315) (4,512) (2,595)
Other 357 250 1,006 996
Total operating expense 6,949 9,448 18,806 24,733
Operating Income/(Loss) 2,205 (6,386) 1,623 (11,611)
Non-Operating Expense:        
Interest expense, net (314) (291) (1,014) (564)
Impairments and equity method losses (49) (114) (102) (2,432)
Gain/(loss) on investments, net (223) (95) 251 (199)
Loss on extinguishment of debt (183) 0 (266) 0
Miscellaneous, net 96 27 301 327
Total non-operating expense, net (673) (473) (830) (2,868)
Income/(Loss) Before Income Taxes 1,532 (6,859) 793 (14,479)
Income Tax (Provision)/Benefit (320) 1,480 (105) 2,849
Net Income/(Loss) $ 1,212 $ (5,379) $ 688 $ (11,630)
Basic Earnings/(Loss) Per Share (USD per share) $ 1.90 $ (8.47) $ 1.08 $ (18.30)
Diluted Earnings/(Loss) Per Share (USD per share) 1.89 (8.47) 1.07 (18.30)
Cash Dividends Declared Per Share (USD per share) $ 0 $ 0 $ 0 $ 0.40
Comprehensive Income/(Loss) $ 1,294 $ (5,381) $ 926 $ (11,580)
Passenger        
Operating Revenue:        
Total operating revenue 7,191 1,938 15,278 10,185
Cargo        
Operating Revenue:        
Total operating revenue 262 142 728 403
Other        
Operating Revenue:        
Total operating revenue $ 1,701 $ 982 $ 4,423 $ 2,534