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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current Assets    
Cash and cash equivalents $ 674 $ 918
Accounts receivable, net 65 50
Supplies, net 54 29
Other current assets 99 40
Total current assets 892 1,037
Property and equipment, net 213 186
Operating lease right-of-use assets 2,405 2,426
Pre-delivery deposits for flight equipment 346 260
Aircraft maintenance deposits 104 98
Intangible assets, net 28 29
Other assets 258 199
Total assets 4,246 4,235
Liabilities and stockholders’ equity    
Accounts payable 78 86
Air traffic liability 296 273
Frequent flyer liability 13 13
Current maturities of long-term debt, net 193 127
Current maturities of operating leases 451 444
Other current liabilities 421 383
Total current liabilities 1,452 1,326
Long-term debt, net 228 287
Long-term operating leases 1,973 1,991
Long-term frequent flyer liability 33 41
Other long-term liabilities 92 60
Total liabilities 3,778 3,705
Commitments and contingencies
Stockholders' equity    
Common stock, $0.001 par value per share, with 217,762,284 and 217,065,096 shares issued and outstanding as of September 30, 2022 and December 31, 2021, respectively 0 0
Additional paid-in capital 389 381
Retained earnings 82 159
Accumulated other comprehensive income (loss) (3) (10)
Total stockholders’ equity 468 530
Total liabilities and stockholders’ equity $ 4,246 $ 4,235