XML 40 R19.htm IDEA: XBRL DOCUMENT v2.4.0.8
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2014
Fair Value Disclosures [Abstract]  
Schedule of assets and liabilities measured at fair value on a recurring basis
Assets and liabilities measured at gross fair value on a recurring basis are summarized below:
 
Fair Value Measurements as of June 30, 2014
 
Total

Level
1

Level
2

Level
3

(in millions)
Cash and cash equivalents
$
567.2


$
567.2


$


$

Jet fuel options
0.4






0.4

Total assets
$
567.6


$
567.2


$


$
0.4












Total liabilities
$


$


$


$

 
Fair Value Measurements as of December 31, 2013
 
Total

Level
1

Level
2

Level
3

(in millions)
Cash and cash equivalents
$
530.6


$
530.6


$


$

Total assets
$
530.6


$
530.6


$


$












Total liabilities
$


$


$


$

Schedule of assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3)
The following table presents the Company's activity for assets and liabilities measured at gross fair value on a recurring basis using significant unobservable inputs (Level 3):


Jet Fuel Option Activity for the Three Months Ended June 30, 2014

(in thousands)
Balance at March 31, 2014

Total realized or unrealized gains (losses) included in earnings, net
(467
)
Purchases
827

Sales

Settlements, net

Balance at June 30, 2014
$
360



Jet Fuel Option Activity for the Six Months Ended June 30, 2014

(in thousands)
Balance at December 31, 2013

Total realized or unrealized gains (losses) included in earnings, net
(467
)
Purchases
827

Sales

Settlements, net

Balance at June 30, 2014
$
360