XML 86 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Operating Revenues    
Passenger, Mainline $ 901us-gaap_PassengerRevenueMainline $ 854us-gaap_PassengerRevenueMainline
Passenger, Regional 186us-gaap_PassengerRevenueRegional 186us-gaap_PassengerRevenueRegional
Total passenger revenue 1,087us-gaap_PassengerRevenue 1,040us-gaap_PassengerRevenue
Freight and mail 23us-gaap_CargoAndFreightRevenue 24us-gaap_CargoAndFreightRevenue
Other - net 159us-gaap_OtherSalesRevenueNet 158us-gaap_OtherSalesRevenueNet
Total Operating Revenues 1,269us-gaap_SalesRevenueNet 1,222us-gaap_SalesRevenueNet
Operating Expenses    
Wages and benefits 306us-gaap_LaborAndRelatedExpense 272us-gaap_LaborAndRelatedExpense
Variable incentive pay 26us-gaap_OtherLaborRelatedExpenses 25us-gaap_OtherLaborRelatedExpenses
Aircraft fuel, including hedging gains and losses 235us-gaap_FuelCosts 358us-gaap_FuelCosts
Aircraft maintenance 63us-gaap_AircraftMaintenanceMaterialsAndRepairs 51us-gaap_AircraftMaintenanceMaterialsAndRepairs
Aircraft rent 26us-gaap_AircraftRental 28us-gaap_AircraftRental
Landing fees and other rentals 71us-gaap_LandingFeesAndOtherRentals 69us-gaap_LandingFeesAndOtherRentals
Contracted services 67us-gaap_ProfessionalAndContractServicesExpense 60us-gaap_ProfessionalAndContractServicesExpense
Selling expenses 53us-gaap_SellingExpense 46us-gaap_SellingExpense
Depreciation and amortization 76us-gaap_DepreciationDepletionAndAmortization 70us-gaap_DepreciationDepletionAndAmortization
Food and beverage service 25us-gaap_FoodAndBeverageCostOfSales 21us-gaap_FoodAndBeverageCostOfSales
Other 83us-gaap_OtherCostAndExpenseOperating 81us-gaap_OtherCostAndExpenseOperating
Total Operating Expenses 1,031us-gaap_OperatingExpenses 1,081us-gaap_OperatingExpenses
Operating Income 238us-gaap_OperatingIncomeLoss 141us-gaap_OperatingIncomeLoss
Nonoperating Income (Expense)    
Interest income 5us-gaap_InvestmentIncomeInterest 5us-gaap_InvestmentIncomeInterest
Interest expense (11)us-gaap_InterestExpense (12)us-gaap_InterestExpense
Interest capitalized 8us-gaap_InterestCostsCapitalizedAdjustment 5us-gaap_InterestCostsCapitalizedAdjustment
Other - net 0us-gaap_OtherNonoperatingIncomeExpense 13us-gaap_OtherNonoperatingIncomeExpense
Nonoperating Income (Expense) Total 2us-gaap_NonoperatingIncomeExpense 11us-gaap_NonoperatingIncomeExpense
Income before income tax 240us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 152us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense 91us-gaap_IncomeTaxExpenseBenefit 58us-gaap_IncomeTaxExpenseBenefit
Net Income $ 149us-gaap_NetIncomeLoss $ 94us-gaap_NetIncomeLoss
Basic Earnings Per Share (usd per share) $ 1.13us-gaap_EarningsPerShareBasic $ 0.69us-gaap_EarningsPerShareBasic
Diluted Earnings Per Share (usd per share) $ 1.12us-gaap_EarningsPerShareDiluted $ 0.68us-gaap_EarningsPerShareDiluted
Shares used for computation:    
Basic shares (shares) 131,120us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 137,334us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted shares (shares) 132,230us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 138,822us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Cash dividend declared per share (usd per share) $ 0.20us-gaap_CommonStockDividendsPerShareDeclared $ 0.125us-gaap_CommonStockDividendsPerShareDeclared