Financial Instruments And Risk Management (Tables)

6 Months Ended

Jun. 30, 2012

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Effect Of Cash Flow Hedges On Financial Statements

The impact of cash flow hedges on the Company’s Condensed Consolidated Financial Statements is depicted below (in millions):

Fair Value of Aircraft Fuel Derivative Instruments (all cash flow hedges)

Asset Derivatives as of						Liability Derivatives as of
June 30, 2012			December 31, 2011			June 30, 2012			December 31, 2011
Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value		Balance Sheet Location	Fair Value
Fuel derivative contracts	$	24	Fuel derivative contracts	$	97	Accrued liabilities	$	17	Accrued liabilities	$	2

Effect Of Derivative Instruments On Statements Of Operations

Effect of Aircraft Fuel Derivative Instruments on Statements of Operations (all cash flow hedges)

Amount of Gain (Loss) Recognized in OCI on Derivative 1 as of June 30,					Location of Gain (Loss) Reclassified from Accumulated OCI into Income 1	Amount of Gain (Loss) Reclassified from Accumulated OCI into Income 1 for the six months ended June 30,					Location of Gain (Loss) Recognized in Income on Derivative 2	Amount of Gain (Loss) Recognized in Income on Derivative 2 for the six months ended June 30,
2012			2011			2012			2011			2012			2011
$	(56	)	$	294	Aircraft Fuel	$	25		$	230	Aircraft Fuel	$	(5	)	$	7
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income 1 for the quarter ended June 30,					Location of Gain (Loss) Recognized in Income on Derivative 2	Amount of Gain (Loss) Recognized in Income on Derivative 2 for the quarter ended June 30,
2012			2011			2012			2011
$	(1	)	$	132	Aircraft Fuel	$	(8	)	$	4

^1.  Effective portion of gain (loss)

^2.  Ineffective portion of gain (loss)