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Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating Revenue:        
Total operating revenue $ 13,824 $ 7,126 $ 23,173 $ 11,276
Operating Expense:        
Salaries and related costs 2,955 2,328 5,782 4,530
Aircraft fuel and related taxes 3,223 1,487 5,315 2,504
Ancillary businesses and refinery 1,718 939 3,100 1,645
Contracted services 791 570 1,544 1,089
Landing fees and other rents 546 460 1,050 953
Regional carrier expense 528 403 1,018 804
Depreciation and amortization 510 501 1,016 993
Aircraft maintenance materials and outside repairs 522 287 988 581
Passenger commissions and other selling expenses 526 222 838 332
Passenger service 369 175 644 294
Aircraft rent 127 104 249 208
Profit sharing 54 0 54 0
Government grant recognition 0 (1,504) 0 (2,689)
Other 436 338 840 614
Total operating expense 12,305 6,310 22,438 11,858
Operating Income/(Loss) 1,519 816 735 (582)
Non-Operating Expense:        
Interest expense, net (269) (338) (543) (700)
Equity method results (12) 0 (12) (54)
Gain/(loss) on investments, net (221) 211 (368) 473
Loss on extinguishment of debt (41) (26) (66) (83)
Pension and related benefit/(expense) 73 119 145 226
Miscellaneous, net (16) (6) (58) (19)
Total non-operating expense, net (486) (40) (902) (157)
Income/(Loss) Before Income Taxes 1,033 776 (167) (739)
Income Tax (Provision)/Benefit (298) (124) (38) 214
Net Income/(Loss) $ 735 $ 652 $ (205) $ (525)
Basic Earnings/(Loss) Per Share (USD per share) $ 1.15 $ 1.02 $ (0.32) $ (0.82)
Diluted Earnings/(Loss) Per Share (USD per share) $ 1.15 $ 1.02 $ (0.32) $ (0.82)
Comprehensive Income/(Loss) $ 798 $ 730 $ (83) $ (369)
Passenger        
Operating Revenue:        
Total operating revenue 10,958 5,339 17,865 8,087
Cargo        
Operating Revenue:        
Total operating revenue 272 251 561 466
Other        
Operating Revenue:        
Total operating revenue $ 2,594 $ 1,536 $ 4,747 $ 2,723