XML 42 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating Revenues        
Passenger, Mainline $ 1,019 $ 974 $ 1,920 $ 1,828
Passenger, Regional 212 200 398 386
Total passenger revenue 1,231 1,174 2,318 2,214
Freight and mail 30 32 53 56
Other - net 176 169 335 327
Total Operating Revenues 1,437 1,375 2,706 2,597
Operating Expenses        
Wages and benefits 305 281 611 553
Variable incentive pay 32 29 58 54
Aircraft fuel, including hedging gains and losses 261 360 496 718
Aircraft maintenance 52 57 115 108
Aircraft rent 26 29 52 57
Landing fees and other rentals 66 64 137 133
Contracted services 68 62 135 122
Selling expenses 54 53 107 99
Depreciation and amortization 79 73 155 143
Food and beverage service 28 23 53 44
Other 94 81 177 161
Total Operating Expenses 1,065 1,112 2,096 2,192
Operating Income 372 263 610 405
Nonoperating Income (Expense)        
Interest income 6 5 11 10
Interest expense (11) (12) (22) (25)
Interest capitalized 8 4 16 9
Other - net 1 5 1 18
Nonoperating Income (Expense) 4 2 6 12
Income before income tax 376 265 616 417
Income tax expense 142 100 233 158
Net Income $ 234 $ 165 $ 383 $ 259
Basic Earnings Per Share (usd per share) $ 1.80 $ 1.20 $ 2.93 $ 1.88
Diluted Earnings Per Share (usd per share) $ 1.79 $ 1.19 $ 2.91 $ 1.86
Shares used for computation:        
Basic shares (shares) 129,236 137,274 130,173 137,304
Diluted shares (shares) 130,255 138,711 131,271 138,776
Cash dividend declared per share (usd per share) $ 0.20 $ 0.125 $ 0.4 $ 0.25