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Statements of Consolidated Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenue:        
Total operating revenue $ 14,178 $ 12,112 $ 25,607 $ 19,678
Operating expense:        
Salaries and related costs 3,710 2,836 7,032 5,623
Aircraft fuel 2,820 3,811 5,994 6,041
Landing fees and other rent 765 668 1,482 1,280
Aircraft maintenance materials and outside repairs 686 527 1,388 934
Depreciation and amortization 669 611 1,324 1,222
Regional capacity purchase 599 567 1,214 1,132
Distribution expenses 487 393 890 619
Aircraft rent 49 67 105 128
Special charges 859 112 873 104
Other operating expenses 2,017 1,642 3,831 3,093
Total operating expense 12,661 11,234 24,133 20,176
Operating income (loss) 1,517 878 1,474 (498)
Nonoperating income (expense):        
Interest expense (493) (420) (979) (844)
Interest income 216 33 386 38
Interest capitalized 42 22 80 46
Unrealized gains (losses) on investments, net 84 (40) 108 (40)
Miscellaneous, net 21 (14) 62 5
Total nonoperating expense, net (130) (419) (343) (795)
Income (loss) before income tax expense (benefit) 1,387 459 1,131 (1,293)
Income tax expense (benefit) 312 130 250 (245)
Net income (loss) $ 1,075 $ 329 $ 881 $ (1,048)
Earnings (loss) per share, basic (in dollars per share) $ 3.28 $ 1.01 $ 2.69 $ (3.22)
Earnings (loss) per share, diluted (in dollars per share) $ 3.24 $ 1.00 $ 2.66 $ (3.22)
Passenger revenue        
Operating revenue:        
Total operating revenue $ 13,002 $ 10,829 $ 23,276 $ 17,177
Cargo        
Operating revenue:        
Total operating revenue 362 574 760 1,201
Other operating revenue        
Operating revenue:        
Total operating revenue $ 814 $ 709 $ 1,571 $ 1,300