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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating Revenue:        
Total operating revenue $ 15,488 $ 13,975 $ 43,825 $ 37,147
Operating Expense:        
Salaries and related costs 3,760 3,050 10,838 8,832
Aircraft fuel and related taxes 2,936 3,318 8,128 8,633
Ancillary businesses and refinery 1,128 1,349 3,427 4,449
Contracted services 1,004 881 3,009 2,425
Landing fees and other rents 679 562 1,880 1,611
Aircraft maintenance materials and outside repairs 661 487 1,860 1,474
Passenger commissions and other selling expenses 618 546 1,770 1,385
Depreciation and amortization 594 538 1,731 1,554
Regional carrier expense 546 528 1,664 1,547
Passenger service 449 406 1,307 1,050
Profit sharing 417 237 1,084 291
Pilot agreement and related expenses 0 0 864 0
Aircraft rent 131 131 395 380
Other 581 486 1,669 1,325
Total operating expense 13,504 12,519 39,626 34,956
Operating Income 1,984 1,456 4,199 2,191
Non-Operating Expense:        
Interest expense, net (196) (248) (627) (791)
Gain/(loss) on investments, net (206) (245) 45 (613)
Loss on extinguishment of debt (13) (34) (63) (100)
Pension and related (expense)/benefit (61) 73 (183) 218
Miscellaneous, net 13 (40) (38) (111)
Total non-operating expense, net (463) (494) (866) (1,397)
Income Before Income Taxes 1,521 962 3,333 794
Income Tax Provision (413) (267) (761) (305)
Net Income $ 1,108 $ 695 $ 2,572 $ 489
Basic Earnings Per Share (USD per share) $ 1.73 $ 1.09 $ 4.03 $ 0.77
Diluted Earnings Per Share (USD per share) $ 1.72 $ 1.08 $ 4.00 $ 0.76
Comprehensive Income $ 1,157 $ 757 $ 2,713 $ 673
Passenger        
Operating Revenue:        
Total operating revenue 13,119 11,464 36,735 29,329
Cargo        
Operating Revenue:        
Total operating revenue 154 240 535 801
Other        
Operating Revenue:        
Total operating revenue $ 2,215 $ 2,271 $ 6,555 $ 7,017