COMPREHENSIVE INCOME

3 Months Ended

Jun. 30, 2012

Notes to Financial Statements [Abstract]

COMPREHENSIVE INCOME (LOSS)

6.       COMPREHENSIVE INCOME (LOSS)

Comprehensive income (loss)includes changes in the fair value of certain financial derivative instruments that qualify for hedge accounting, unrealized gains and losses on certain investments, and actuarial gains/losses arising from the Company's postretirement benefit obligation. The differences between Net income and Comprehensive income(loss)for the threeand six months ended June 30,2012 and 2011 were as follows:

		Three months ended June 30,
(in millions)		2012		2011
NET INCOME		$	228	$	161
Unrealized loss on fuel derivative instruments, net of
	deferred taxes of ($156) and ($111)		(251)		(178)
Unrealized loss on interest rate derivative instruments, net of
	net of deferred taxes of ($5) and ($7)		(8)		(11)
Other, net of deferred taxes of ($3) and $2			(4)		3
Total other comprehensive loss		$	(263)	$	(186)
COMPREHENSIVE LOSS		$	(35)	$	(25)

		Six months ended June 30,
(in millions)		2012		2011
NET INCOME		$	327	$	166
Unrealized gain (loss) on interest rate derivative instruments, net of
	deferred taxes of ($57) and $96		(92)		153
Unrealized loss on interest rate derivative instruments, net of
	net of deferred taxes of ($1) and ($3)		(2)		(4)
Other, net of deferred taxes of ($1) and $4			(2)		6
Total other comprehensive income (loss)		$	(96)	$	155
COMPREHENSIVE INCOME		$	231	$	321

A rollforward of the amounts included in AOCI, net of taxes, is shown below for the three and six monthsended June 30,2012:

								Accumulated other
		Fuel		Interest rate				comprehensive
(in millions)		derivatives		derivatives		Other		income (loss)
Balance at March 31, 2012		$	(24)	$	(60)	$	27	$	(57)
	Changes in fair value		(279)		(8)		(4)		(291)
	Reclassification to earnings		28		-		-		28
Balance at June 30, 2012		$	(275)	$	(68)	$	23	$	(320)

								Accumulated other
		Fuel		Interest rate				comprehensive
(in millions)		derivatives		derivatives		Other		income (loss)
Balance at December 31, 2011		$	(183)	$	(66)	$	25	$	(224)
	Changes in fair value		(143)		(2)		(2)		(147)
	Reclassification to earnings		51		-		-		51
Balance at June 30, 2012		$	(275)	$	(68)	$	23	$	(320)