XML 31 R20.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Revenue (Tables)
 3 Months Ended
Mar. 31, 2024
Revenue from Contract with Customer [Abstract]  
Disaggregation of Passenger Revenue The following table provides the components of Passenger revenue recognized for the three months ended March 31, 2024 and 2023:
 Three months ended March 31,
(in millions)20242023
Passenger non-loyalty$4,680 $4,082 
Passenger loyalty - air transportation799 825 
Passenger ancillary sold separately233 198 
Total passenger revenues$5,712 $5,105 
Rollforward of Air Traffic Liability
As of March 31, 2024, and December 31, 2023, the components of Air traffic liability, including contract liabilities based on tickets sold and unused flight credits available to the Customer, both of which are net of recorded breakage, and loyalty points available for redemption, within the unaudited Condensed Consolidated Balance Sheet were as follows:
 Balance as of
(in millions)March 31, 2024December 31, 2023
Air traffic liability - passenger travel and ancillary passenger services$4,407 $3,363 
Air traffic liability - loyalty program4,987 4,916 
Total Air traffic liability$9,394 $8,279 
Rollforwards of the Company's Air traffic liability - loyalty program for the three months ended March 31, 2024 and 2023 were as follows:
Three months ended March 31,
(in millions)20242023
Air traffic liability - loyalty program - beginning balance$4,916 $5,189 
Amounts deferred associated with points awarded893 846 
Revenue recognized from points redeemed - Passenger(799)(825)
Revenue recognized from points redeemed - Other(23)(20)
Air traffic liability - loyalty program - ending balance$4,987 $5,190 
Rollforwards of the amounts included in Air traffic liability as of March 31, 2024 and 2023 were as follows:
Three months ended March 31,
(in millions)20242023
Air traffic liability - beginning balance$8,279 $8,250 
Current period sales (a)6,850 6,072 
Revenue from amounts included in contract liability opening balances(2,557)(2,568)
Revenue from current period sales(3,178)(2,557)
Air traffic liability - ending balance$9,394 $9,197 
(a)Current period sales includes passenger travel, ancillary services, flight loyalty, and partner loyalty