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Condensed Consolidated Statement of Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
OPERATING REVENUES:        
Total operating revenues $ 6,728 $ 4,008 $ 11,422 $ 6,060
OPERATING EXPENSES, NET:        
Salaries, wages, and benefits 2,220 1,825 4,450 3,395
Payroll support and voluntary Employee programs, net 0 (740) 0 (2,187)
Fuel and oil 1,636 803 2,640 1,272
Maintenance materials and repairs 210 222 420 395
Landing fees and airport rentals 388 403 733 716
Depreciation and amortization 325 315 649 627
Other operating expenses 791 586 1,523 1,049
Total operating expenses, net 5,570 3,414 10,415 5,267
OPERATING INCOME 1,158 594 1,007 793
OTHER EXPENSES (INCOME):        
Interest expense 93 116 186 229
Capitalized interest (11) (8) (20) (19)
Interest income (28) (2) (31) (4)
Other (gains) losses, net 68 (14) 212 (61)
Total other expenses (income) 122 92 347 145
INCOME BEFORE INCOME TAXES 1,036 502 660 648
PROVISION FOR INCOME TAXES 276 154 178 185
NET INCOME $ 760 $ 348 $ 482 $ 463
Net income per share, basic (in USD per share) $ 1.29 $ 0.59 $ 0.83 $ 0.78
Net income per share, diluted (in USD per share) $ 1.20 $ 0.57 $ 0.77 $ 0.76
COMPREHENSIVE INCOME $ 674 $ 544 $ 899 $ 723
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 593 591 593 591
Diluted (in shares) 635 615 640 612
Passenger        
OPERATING REVENUES:        
Total operating revenues $ 6,119 $ 3,569 $ 10,254 $ 5,282
Freight        
OPERATING REVENUES:        
Total operating revenues 47 50 89 92
Other        
OPERATING REVENUES:        
Total operating revenues $ 562 $ 389 $ 1,079 $ 686