Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2024	Dec. 31, 2023
Current Assets
Cash and cash equivalents	$ 622	$ 609
Accounts receivable, net	98	93
Supplies, net	75	79
Other current assets	108	90
Total current assets	903	871
Property and equipment, net	330	309
Operating lease right-of-use assets	3,117	2,964
Pre-delivery deposits for flight equipment	394	407
Aircraft maintenance deposits	87	84
Intangible assets, net	27	28
Other assets	348	330
Total assets	5,206	4,993
Liabilities and stockholders’ equity
Accounts payable	131	134
Air traffic liability	328	253
Frequent flyer liability	11	10
Current maturities of long-term debt, net	265	251
Current maturities of operating leases	576	549
Other current liabilities	486	461
Total current liabilities	1,797	1,658
Long-term debt, net	201	219
Long-term operating leases	2,565	2,440
Long-term frequent flyer liability	34	35
Other long-term liabilities	125	134
Total liabilities	4,722	4,486
Commitments and contingencies (Note 9)
Stockholders’ equity:
Common stock, $0.001 par value per share, with 223,886,304 and 222,998,790 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	0	0
Additional paid-in capital	406	403
Retained earnings	85	111
Accumulated other comprehensive income (loss)	(7)	(7)
Total stockholders’ equity	484	507
Total liabilities and stockholders’ equity	$ 5,206	$ 4,993