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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating Revenue:        
Total operating revenue $ 12,560 $ 11,953 $ 35,568 $ 33,696
Operating Expense:        
Salaries and related costs 2,884 2,753 8,275 8,004
Aircraft fuel and related taxes 2,239 2,498 6,508 6,693
Regional carriers expense, excluding fuel 900 885 2,698 2,586
Contracted services 685 562 1,974 1,646
Depreciation and amortization 631 573 1,960 1,759
Passenger commissions and other selling expenses 539 535 1,505 1,473
Aircraft maintenance materials and outside repairs 424 371 1,334 1,233
Landing fees and other rents 460 439 1,321 1,254
Profit sharing 517 399 1,256 991
Ancillary businesses and refinery 279 410 945 1,396
Passenger service 345 329 938 892
Aircraft rent 110 99 318 291
Other 476 455 1,317 1,305
Total operating expense 10,489 10,308 30,349 29,523
Operating Income 2,071 1,645 5,219 4,173
Non-Operating (Expense)/Income:        
Interest expense, net (70) (73) (228) (244)
Unrealized gain/(loss) on investments, net (35) 50 (17) (171)
Miscellaneous, net (19) 66 (174) 48
Total non-operating (expense)/income, net (124) 43 (419) (367)
Income Before Income Taxes 1,947 1,688 4,800 3,806
Income Tax Provision (452) (366) (1,131) (890)
Net Income $ 1,495 $ 1,322 $ 3,669 $ 2,916
Basic Earnings Per Share (USD per share) $ 2.32 $ 1.93 $ 5.61 $ 4.20
Diluted Earnings Per Share (USD per share) 2.31 1.92 5.59 4.18
Cash Dividends Declared Per Share (USD per share) $ 0.40 $ 0.35 $ 1.10 $ 0.96
Comprehensive Income $ 1,545 $ 1,393 $ 3,849 $ 3,002
Passenger        
Operating Revenue:        
Total operating revenue 11,410 10,796 32,032 30,107
Cargo        
Operating Revenue:        
Total operating revenue 189 226 567 651
Other        
Operating Revenue:        
Total operating revenue $ 961 $ 931 $ 2,969 $ 2,938