XML 15 R4.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,232 $ 2,196
Operating Expenses    
Wages and benefits 804 723
Variable incentive pay 44 47
Aircraft fuel, including hedging gains and losses 565 665
Aircraft maintenance 122 124
Aircraft rent 47 59
Landing fees and other rentals 165 152
Contracted services 97 95
Selling expenses 77 66
Depreciation and amortization 126 104
Food and beverage service 58 54
Third-party regional carrier expense 54 52
Other 205 177
Special items - Impairment charges and other 26 13
Special items - merger-related costs 8 0
Special items - labor and related   51
Costs and Expenses, Total 2,398 2,382
Operating Income (Loss) (166) (186)
Nonoperating Income (Expense)    
Interest income 17 17
Interest expense (35) (28)
Interest capitalized 6 7
Other—net 0 (9)
Nonoperating Income (Expense) Total (12) (13)
Income (Loss) Before Income Tax (178) (199)
Income tax (benefit) expense (46) (57)
Net Income (Loss) $ (132) $ (142)
Basic Earnings Per Share (usd per share) $ (1.05) $ (1.11)
Diluted Earnings Per Share (usd per share) $ (1.05) $ (1.11)
Shares used for computation:    
Basic shares (shares) 125,970,000 127,501,000
Diluted shares (shares) 125,970,000 127,501,000
Passenger [Member]    
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,004 $ 1,984
Mileage plan other revenue [Member]    
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 164 154
Cargo and Freight [Member]    
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 64 58
Passenger Revenue [Member]    
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 2,004 1,984
Passenger Revenue [Member] | Passenger [Member]    
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 2,004 1,984
Mileage Plan Revenue [Member]    
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 412 386
Mileage Plan Revenue [Member] | Mileage plan other revenue [Member]    
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 164 154
Cargo and Other Revenue [Member]    
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax 64 58
Cargo and Other Revenue [Member] | Cargo and Freight [Member]    
Operating Revenues    
Revenue from Contract with Customer, Excluding Assessed Tax $ 64 $ 58