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Condensed Consolidated Statement of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
OPERATING REVENUES:        
Total operating revenues $ 7,037 $ 6,728 $ 12,743 $ 11,422
OPERATING EXPENSES, NET:        
Salaries, wages, and benefits 2,786 2,220 5,264 4,450
Fuel and oil 1,403 1,636 2,950 2,640
Maintenance materials and repairs 271 210 511 420
Landing fees and airport rentals 459 388 867 733
Depreciation and amortization 367 325 731 649
Other operating expenses 956 791 1,909 1,523
Total operating expenses, net 6,242 5,570 12,232 10,415
OPERATING INCOME 795 1,158 511 1,007
OTHER EXPENSES (INCOME):        
Interest expense 65 93 130 186
Capitalized interest (5) (11) (11) (20)
Interest income (144) (28) (269) (31)
Loss on extinguishment of debt 0 43 0 116
Other (gains) losses, net (7) 25 (21) 96
Total other expenses (income) (91) 122 (171) 347
INCOME BEFORE INCOME TAXES 886 1,036 682 660
PROVISION FOR INCOME TAXES 203 276 158 178
NET INCOME $ 683 $ 760 $ 524 $ 482
Net income per share, basic (in USD per share) $ 1.15 $ 1.29 $ 0.88 $ 0.83
Net income per share, diluted (in USD per share) $ 1.08 $ 1.20 $ 0.84 $ 0.77
COMPREHENSIVE INCOME $ 544 $ 674 $ 238 $ 899
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 595 593 595 593
Diluted (in shares) 639 635 639 640
Passenger        
OPERATING REVENUES:        
Total operating revenues $ 6,409 $ 6,119 $ 11,514 $ 10,254
Freight        
OPERATING REVENUES:        
Total operating revenues 47 47 87 89
Other        
OPERATING REVENUES:        
Total operating revenues $ 581 $ 562 $ 1,142 $ 1,079