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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Operating Revenue:        
Operating revenue $ 11,953 $ 11,061 $ 33,696 $ 30,910
Operating Expense:        
Salaries and related costs 2,753 2,619 8,004 7,525
Aircraft fuel and related taxes 2,498 1,785 6,693 4,954
Regional carriers expense, excluding fuel 903 887 2,643 2,589
Depreciation and amortization 580 571 1,780 1,639
Contracted services 562 543 1,646 1,572
Passenger commissions and other selling expenses 535 499 1,473 1,371
Ancillary businesses and refinery 410 387 1,396 975
Aircraft maintenance materials and outside repairs 371 390 1,233 1,214
Landing fees and other rents 421 392 1,201 1,126
Profit sharing 395 314 978 803
Passenger service 329 331 892 849
Aircraft rent 99 89 291 258
Other 455 431 1,305 1,230
Total operating expense 10,311 9,238 29,535 26,105
Operating Income 1,642 1,823 4,161 4,805
Non-Operating Income/(Expense):        
Interest expense, net (84) (100) (274) (297)
Unrealized gain/(loss) on investments, net 50 0 (171) 0
Miscellaneous, net 66 53 48 (51)
Total non-operating income/(expense), net 32 (47) (397) (348)
Income Before Income Taxes 1,674 1,776 3,764 4,457
Income Tax Provision (362) (617) (880) (1,550)
Net Income $ 1,312 $ 1,159 $ 2,884 $ 2,907
Basic Earnings Per Share (USD per share) $ 1.91 $ 1.62 $ 4.15 $ 4.01
Diluted Earnings Per Share (USD per share) 1.91 1.61 4.14 4.00
Cash Dividends Declared Per Share (USD per share) $ 0.35 $ 0.31 $ 0.96 $ 0.71
Comprehensive Income $ 1,383 $ 1,233 $ 2,970 $ 3,067
Passenger        
Operating Revenue:        
Operating revenue 10,796 9,979 30,107 27,925
Cargo        
Operating Revenue:        
Operating revenue 226 191 651 542
Other        
Operating Revenue:        
Operating revenue $ 931 $ 891 $ 2,938 $ 2,443