COMPREHENSIVE INCOME

3 Months Ended

Mar. 31, 2013

Equity [Abstract]

COMPREHENSIVE INCOME

COMPREHENSIVE INCOME

Comprehensive income 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 for the three months endedMarch 31,2013 and 2012 were as follows:

	Three months ended March 31,
(in millions)	2013			2012
NET INCOME	$	59		$	98
Unrealized gain (loss) on fuel derivative instruments, net of   deferred taxes of ($1) and $99	(3		)	159
Unrealized gain on interest rate derivative instruments, net of   deferred taxes of $5 and $4	8			6
Other, net of deferred taxes of $2 and $2	3			2
Total other comprehensive income	$	8		$	167
COMPREHENSIVE INCOME	$	67		$	265

A rollforward of the amounts included in AOCI, net of taxes, is shown below for the three months endedMarch 31, 2013:

(in millions)	Fuel derivatives			Interest rate derivatives			Defined benefit pension items		Other			Accumulated other comprehensive income (loss)
Balance at December 31, 2012	$	(63	)	$	(67	)	$	16	$	(5	)	$	(119	)
Changes in fair value	(29		)	3			—		3			(23		)
Reclassification to earnings	26			5			—		—			31
Balance at March 31, 2013	$	(66	)	$	(59	)	$	16	$	(2	)	$	(111	)

The following table illustrates the significant amounts reclassified out of each component of AOCI for the three months endedMarch 31, 2013.

Three months ended March 31, 2013
	Amounts reclassified from AOCI
(in millions)			Affected line item in the unaudited Condensed Consolidated Statement of Comprehensive Income
AOCI components
Unrealized gain on fuel derivative instruments	$	42	Fuel and oil expense
	$	16	Less: Tax Expense
	$	26	Net of tax
Unrealized gain on interest rate derivative instruments	$	8	Interest expense
	$	3	Less: Tax Expense
	$	5	Net of tax
Total reclassifications for the period	$	31	Net of tax