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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,897 $ 2,838 $ 5,129 $ 5,034
Operating Expenses        
Wages and benefits 782 754 1,586 1,477
Variable incentive pay 49 57 93 104
Aircraft fuel, including hedging gains and losses 615 573 1,180 1,238
Aircraft maintenance 129 125 251 249
Aircraft rent 46 54 93 113
Landing fees and other rentals 173 167 338 319
Contracted services 106 95 203 190
Selling expenses 84 81 161 147
Depreciation and amortization 128 113 254 217
Food and beverage service 67 60 125 114
Third-party regional carrier expense 64 54 118 106
Other 186 182 391 359
Special items - operating 146 186 180 250
Costs and Expenses, Total 2,575 2,501 4,973 4,883
Operating Income (Loss) 322 337 156 151
Nonoperating Income (Expense)        
Interest income 24 22 41 39
Interest expense (36) (28) (71) (56)
Interest capitalized 6 7 12 14
Special items - net non-operating 0 (6) 0 (6)
Other—net 0 (7) 0 (16)
Nonoperating Income (Expense) Total (6) (12) (18) (25)
Income (Loss) Before Income Tax 316 325 138 126
Income tax (benefit) expense 96 85 50 28
Net Income (Loss) $ 220 $ 240 $ 88 $ 98
Basic Earnings Per Share (usd per share) $ 1.74 $ 1.88 $ 0.70 $ 0.77
Diluted Earnings Per Share (usd per share) $ 1.71 $ 1.86 $ 0.69 $ 0.76
Shares used for computation:        
Basic shares (shares) 126,337,000 127,440,000 126,153,000 127,470,000
Diluted shares (shares) 128,310,000 128,919,000 127,857,000 128,860,000
Passenger [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,651 $ 2,598 $ 4,655 $ 4,582
Mileage plan other revenue [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 174 170 338 324
Cargo and Freight [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 72 70 136 128
Passenger Revenue [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 2,651 2,598 4,655 4,582
Passenger Revenue [Member] | Passenger [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 2,651 2,598 4,655 4,582
Mileage Plan Revenue [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 464 438 876 824
Mileage Plan Revenue [Member] | Mileage plan other revenue [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 174 170 338 324
Cargo and Other Revenue [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 72 70 136 128
Cargo and Other Revenue [Member] | Cargo and Freight [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax $ 72 $ 70 $ 136 $ 128