Financial Instruments And Risk Management (Tables)

9 Months Ended

Sep. 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

September 30, 2012

December 31, 2011

September 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

Accrued liabilities

—

Accrued liabilities

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 Derivative¹ as of September 30					Location of Gain (Loss) Reclassified from Accumulated OCI into Income ¹	Amount of Gain (Loss) Reclassified from Accumulated OCI into Income ¹for the nine months ended September 30,					Location of Gain (Loss) Recognized in Income on Derivative ²	Amount of Gain (Loss) Recognized in Income on Derivative ² for the nine months ended September 30,
2012		2011				2012			2011			2012			2011
$	29	$	152		Aircraft Fuel	$	13		$	287	Aircraft Fuel	$	(3	)	$	(19	)

Amount of Gain (Loss) Recognized in OCI on Derivative¹ for the quarter ended September 30					Location of Gain (Loss) Reclassified from Accumulated OCI into Income ¹	Amount of Gain (Loss) Reclassified from Accumulated OCI into Income ¹for the quarter ended September 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 September 30,
2012		2011				2012			2011			2012			2011
$	86	$	(142	)	Aircraft Fuel	$	(12	)	$	57	Aircraft Fuel	$	2		$	(26	)


^1.	Effective portion of gain (loss)


^2.	Ineffective portion of gain (loss)

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References+ Details

- Definition

Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position.

+ References+ Details