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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 766 $ 918
Accounts receivable, net 63 50
Supplies, net 54 29
Other current assets 71 40
Total current assets 954 1,037
Property and equipment, net 195 186
Operating lease right-of-use assets 2,396 2,426
Pre-delivery deposits for flight equipment 301 260
Aircraft maintenance deposits 102 98
Intangible assets, net 28 29
Other assets 269 199
Total assets 4,245 4,235
Liabilities and stockholders’ equity    
Accounts payable 102 86
Air traffic liability 372 273
Frequent flyer liability 14 13
Current maturities of long-term debt, net 161 127
Current maturities of operating leases 440 444
Other current liabilities 461 383
Total current liabilities 1,550 1,326
Long-term debt, net 212 287
Long-term operating leases 1,964 1,991
Long-term frequent flyer liability 34 41
Other long-term liabilities 59 60
Total liabilities 3,819 3,705
Commitments and contingencies
Stockholders' equity    
Common stock, $0.001 par value per share, with 217,675,437 and 217,065,096 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 0 0
Additional paid-in capital 385 381
Retained earnings 51 159
Accumulated other comprehensive income (loss) (10) (10)
Total stockholders’ equity 426 530
Total liabilities and stockholders’ equity $ 4,245 $ 4,235