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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating Revenues        
Passenger, Mainline $ 1,073 $ 1,057 $ 3,036 $ 2,977
Passenger, Regional 249 240 682 638
Total passenger revenue 1,322 1,297 3,718 3,615
Freight and mail 31 30 82 83
Other - net 213 188 607 523
Total Operating Revenues 1,566 1,515 4,407 4,221
Operating Expenses        
Wages and benefits 340 312 1,008 923
Variable incentive pay 31 32 95 90
Aircraft fuel, including hedging gains and losses 225 245 593 741
Aircraft maintenance 64 67 197 182
Aircraft rent 25 26 80 78
Landing fees and other rentals 89 80 232 217
Contracted services 63 54 183 157
Selling expenses 58 53 162 160
Depreciation and amortization 101 81 281 236
Food and beverage service 31 30 93 83
Third-party regional carrier expense 25 20 72 52
Other 92 82 267 259
Special items - merger costs 22 0 36 0
Total Operating Expenses 1,166 1,082 3,299 3,178
Operating Income 400 433 1,108 1,043
Nonoperating Income (Expense)        
Interest income 7 5 20 16
Interest expense (11) (10) (33) (32)
Interest capitalized 6 9 21 25
Other - net 0 0 (2) 1
Nonoperating Income (Expense) Total 2 4 6 10
Income before income tax 402 437 1,114 1,053
Income tax expense 146 163 414 396
Net Income $ 256 $ 274 $ 700 $ 657
Basic Earnings Per Share (usd per share) $ 2.08 $ 2.15 $ 5.66 $ 5.08
Diluted Earnings Per Share (usd per share) $ 2.07 $ 2.14 $ 5.63 $ 5.05
Shares used for computation:        
Basic shares (shares) 123,149,000 127,308,000 123,648,000 129,231,000
Diluted shares (shares) 123,833,000 128,205,000 124,393,000 130,200,000
Cash dividend declared per share (usd per share) $ 0.275 $ 0.20 $ 0.825 $ 0.60