XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Revenue:    
Total operating revenue $ 12,759 $ 9,348
Operating Expense:    
Salaries and related costs 3,386 2,826
Aircraft fuel and related taxes 2,676 2,092
Ancillary businesses and refinery 1,125 1,382
Contracted services 1,010 753
Pilot agreement and related expenses 864 0
Aircraft maintenance materials and outside repairs 585 465
Landing fees and other rents 584 504
Depreciation and amortization 564 506
Regional carrier expense 559 491
Passenger commissions and other selling expenses 500 312
Passenger service 416 275
Aircraft rent 132 122
Profit sharing 72 0
Other 563 403
Total operating expense 13,036 10,131
Operating Loss (277) (783)
Non-Operating Expense:    
Interest expense, net (227) (274)
Gain/(loss) on investments, net 122 (147)
Loss on extinguishment of debt (22) (25)
Pension and related (expense)/benefit (61) 73
Miscellaneous, net (41) (44)
Total non-operating expense, net (229) (417)
Loss Before Income Taxes (506) (1,200)
Income Tax Benefit 143 260
Net Loss $ (363) $ (940)
Basic Loss Per Share (USD per share) $ (0.57) $ (1.48)
Diluted Loss Per Share (USD per share) $ (0.57) $ (1.48)
Comprehensive Loss $ (316) $ (881)
Passenger    
Operating Revenue:    
Total operating revenue 10,411 6,907
Cargo    
Operating Revenue:    
Total operating revenue 209 289
Other    
Operating Revenue:    
Total operating revenue $ 2,139 $ 2,152