U.S. Securities and Exchange Commission July 23, 2018 Page 2 |
1. | We note your response to our prior comment 2. Please revise your disclosure consistent with your response to state the timing and pattern of recognition. |
2. | We note your disclosure that other operating revenue increased $55 million primarily due to an approximately $50 million one-time payment of MileagePlus related revenue. Please tell us the nature of this one-time payment and why its receipt resulted in recognition of revenue during the quarter. |
cc: | David Vitale, Chairman, Audit Committee |
Oscar Munoz, Chief Executive Officer | |
Gerry Laderman, Senior Vice President Finance and acting Chief Financial Officer | |
Brett J. Hart, Executive Vice President, Chief Administrative Officer and General Counsel | |
Darren J. Ludwig, Partner, Ernst & Young LLP | |
Douglas Urbanciz, Partner, Ernst & Young LLP |
'!A8VME="!B96=I
M;CTB[[N_(B!I9#TB5S5-,$UP0V5H:4AZ V5[MMU/8[C:2V][$VEXY$9'0^C(P#*?D0#U(\%Q!=0QW%K.DENXJK*0RL/
M4,"01\P>E%[2]/=>]^Z]U[W[KW1,OEU_,&^(7P8PE-EODKW1MO8N2R=#+D-O
M;'IQ5[C[&W131R24ZSX'8NWZ?([BJ)61F UTD$..BEXEJ([$@=\D^VG.WN
M%<-#RIL,MQ$C:7E-$@C/&CS.50-3.@$N1\*GH/;]S7L'+,8DWC<4B=A54RTC
M?Z5%JU*XU4"@\2.J)=_?\*P?B#A\E4TG7/QU^06^:&!ECBRNX:C8.PX*U@Y6
M66FI8-P[QK4I= #1F9(I7O9HX_>1&V_ /0&NO
M>GE:SNKFTEL-P,D4C(2$AI525-*S@TJ,5 ^SJ[SXI?)38OS!^/G6?R3ZTQ.[
M,'L;M7$5^:V]BM]4.'QF[*.EQV>RVWIX\S0X#.[FP]/4-6X>5D$%?4*8F4E@
MQ*KC_P Y 0V\BO-8R EX?#9G@CG_5 1D4TU$ED-OO/+^[:MZDM;+;
M-[F\![:UE97@DD0B.X4UHKZ@%D>/L-0Q' ,<_OW_A/5_+L[AW=UK-T+W5\U
MOE'LK=^;VOO:KWSU_F.[=W/V#@JV6#)1Y"G[DK>O^K*_)4^3IWE.3P.(J?(
M9H9)@(_9O;;=]YGW/V.RW5>8[#8.4+B!)(A%,MK'X+@%=)M1-2 18;9G1F7V]'%(BD^*/+P
M#4-*%R1[!TGW?^38KAY^ +72:C50
M5H#05P8K[Z;,)9$EV6X\(,0&5D:H!-#1M%*BAI7%>.,FOZR_X4U?RONP76FW
M;FN[NEUF8PR2=G=25&6I+-Z"SMU#F^U9# ]_JT8.G]2CZ>P9NWW3?=S; 7LH
M-OOR,_H7(4_]G*6^?S^SH]LO>7DN[-)Y+FW_ .:D51_U2:7I+]J?)/X@_.[Y
MY?RNMG?%'?G679.WNN.R^Z?DUW!N79F,AQE9L/#=,]7O_<"/=T.0Q>&S>&I<
M]O#=GCA2ICCC$D9 C8>
M3?=W^L?-MC.D.[[7_>9/\ -UMS?R[/B]N+
MX7?##HSXQ[LW'@]W;BZIPNY,;E-Q[:@KZ;"96?.[ZW3NU9Z"#)Q0UT:)#GUC
M?R*"9$8CBWO"KW/YNM>?.>^8>;;*UD@M;R1&5'(+J$ACCH2M1Q2HIY$=3SRE
MLLO+O+NV;-/,LDT"L"RUH=3LV*Y_%UJI?\*FOG1_>??G7/P*V)F->&Z[&/[:
M[R%'/Z*G?&;QDJ=<[/K?&R.#MO:>2FR]1"VN&5LS1/Q+3<9B_= ]O/I-NW3W
M&W]>ZU6UI4<(D;]>4?Z>11&IP1X4@X/U"'O9S-XUU:
Z/-.^VZMB9C
M,X'>^Q8:YL5V!M#*[?RL^#R\6X-C9N+';IH*.FRU-) E::4T-2RW@FE4AC@]
MS)R+S;RC'9S\P;%/;V=PBO%,1JAD5U#J4E35&25()75K7\2@XZR VOF'9=Z:
M>/;=PCDGB8JZ5HZ%3I.I#1@ <5II/D3T1_J#H'HS>N^?F+_+R^0'5FQ>T>L>
MOM_8WY'=&[6WSMZ@R$6&Z:^54NY-SY"CV<]0AR&!.P>^L!O7'T=9C)J>;'X]
MZ&&-XM*#W(&]\R