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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 780 $ 761
Accounts receivable, net 91 90
Supplies, net 60 55
Other current assets 78 114
Total current assets 1,009 1,020
Property and equipment, net 260 226
Operating lease right-of-use assets 2,638 2,484
Pre-delivery deposits for flight equipment 380 371
Aircraft maintenance deposits 85 105
Intangible assets, net 28 28
Other assets 308 265
Total assets 4,708 4,499
Liabilities and stockholders’ equity    
Accounts payable 91 89
Air traffic liability 353 313
Frequent flyer liability 11 13
Current maturities of long-term debt, net 237 157
Current maturities of operating leases 497 465
Other current liabilities 456 518
Total current liabilities 1,645 1,555
Long-term debt, net 193 272
Long-term operating leases 2,157 2,034
Long-term frequent flyer liability 32 32
Other long-term liabilities 115 97
Total liabilities 4,142 3,990
Commitments and contingencies
Stockholders' equity    
Common stock, $0.001 par value per share, with 220,677,393 and 217,875,890 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively 0 0
Additional paid-in capital 396 393
Retained earnings 180 122
Accumulated other comprehensive income (loss) (10) (6)
Total stockholders’ equity 566 509
Total liabilities and stockholders’ equity $ 4,708 $ 4,499