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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current Assets    
Cash and cash equivalents $ 609 $ 761
Accounts receivable, net 93 90
Supplies, net 79 55
Other current assets 90 114
Total current assets 871 1,020
Property and equipment, net 309 226
Operating lease right-of-use assets 2,964 2,484
Pre-delivery deposits for flight equipment 407 371
Aircraft maintenance deposits 84 105
Intangible assets, net 28 28
Other assets 330 265
Total assets 4,993 4,499
Liabilities and stockholders’ equity    
Accounts payable 134 89
Air traffic liability 253 313
Frequent flyer liability 10 13
Current maturities of long-term debt, net 251 157
Current maturities of operating leases 549 465
Other current liabilities 461 518
Total current liabilities 1,658 1,555
Long-term debt, net 219 272
Long-term operating leases 2,440 2,034
Long-term frequent flyer liability 35 32
Other long-term liabilities 134 97
Total liabilities 4,486 3,990
Commitments and contingencies
Stockholders' equity    
Common stock, $0.001 par value per share, with 222,998,790 and 217,875,890 shares issued and outstanding as of December 31, 2023 and 2022, respectively 0 0
Additional paid-in capital 403 393
Retained earnings 111 122
Accumulated other comprehensive income (loss) (7) (6)
Total stockholders’ equity 507 509
Total liabilities and stockholders’ equity $ 4,993 $ 4,499