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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating Revenues        
Passenger, Mainline $ 1,057 $ 1,030 $ 2,977 $ 2,858
Passenger, Regional 240 219 638 605
Total passenger revenue 1,297 1,249 3,615 3,463
Freight and mail 30 32 83 88
Other - net 188 184 523 511
Total Operating Revenues 1,515 1,465 4,221 4,062
Operating Expenses        
Wages and benefits 312 279 923 832
Variable incentive pay 32 30 90 84
Aircraft fuel, including hedging gains and losses 245 394 741 1,112
Aircraft maintenance 67 58 182 166
Aircraft rent 26 27 78 84
Landing fees and other rentals 80 74 217 207
Contracted services 74 66 209 188
Selling expenses 53 55 160 154
Depreciation and amortization 81 75 236 218
Food and beverage service 30 24 83 68
Other 82 67 259 229
Total Operating Expenses 1,082 1,149 3,178 3,342
Operating Income 433 316 1,043 720
Nonoperating Income (Expense)        
Interest income 5 5 16 15
Interest expense (10) (12) (32) (36)
Interest capitalized 9 5 25 14
Other - net 0 2 1 20
Nonoperating Income (Expense) 4 0 10 13
Income before income tax 437 316 1,053 733
Income tax expense 163 118 396 276
Net Income $ 274 $ 198 $ 657 $ 457
Basic Earnings Per Share (usd per share) $ 2.15 $ 1.47 $ 5.08 $ 3.35
Diluted Earnings Per Share (usd per share) $ 2.14 $ 1.45 $ 5.05 $ 3.31
Shares used for computation:        
Basic shares (shares) 127,308 134,865 129,231 136,482
Diluted shares (shares) 128,205 136,158 130,200 137,825
Cash dividend declared per share (usd per share) $ 0.20 $ 0.125 $ 0.6 $ 0.375