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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating revenues:        
Total operating revenues $ 929 $ 973 $ 1,841 $ 1,838
Operating expenses:        
Aircraft fuel 230 288 468 551
Salaries, wages and benefits 254 244 503 477
Aircraft rent 194 147 355 306
Station operations 178 163 358 300
Maintenance, materials and repairs 47 42 98 91
Sales and marketing 39 47 80 87
Depreciation and amortization 21 18 41 34
Other operating 41 (1) 59 (2)
Total operating expenses 1,004 948 1,962 1,844
Operating income (loss) (75) 25 (121) (6)
Other income (expense):        
Interest expense (10) (8) (19) (17)
Capitalized interest 8 7 16 16
Interest income and other 7 8 14 15
Total other income (expense) 5 7 11 14
Income (loss) before income taxes (70) 32 (110) 8
Income tax expense (benefit) 0 1 3 3
Net income (loss) $ (70) $ 31 $ (113) $ 5
Earnings (loss) per share:        
Basic (in dollars per share) $ (0.31) $ 0.14 $ (0.50) $ 0.02
Diluted (in dollars per share) $ (0.31) $ 0.14 $ (0.50) $ 0.02
Passenger        
Operating revenues:        
Total operating revenues $ 898 $ 950 $ 1,782 $ 1,795
Other        
Operating revenues:        
Total operating revenues $ 31 $ 23 $ 59 $ 43