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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating Revenues        
Passenger, Mainline $ 1,556 $ 1,036 $ 2,828 $ 1,963
Passenger, Regional 251 227 463 433
Total passenger revenue 1,807 1,263 3,291 2,396
Freight and mail 32 27 56 51
Other—net 263 204 504 394
Total Operating Revenues 2,102 1,494 3,851 2,841
Operating Expenses        
Wages and benefits 469 332 917 668
Variable incentive pay 27 32 58 64
Aircraft fuel, including hedging gains and losses 344 201 683 368
Aircraft maintenance 96 65 183 133
Aircraft rent 69 26 134 55
Landing fees and other rentals 99 63 214 143
Contracted services 77 60 158 120
Selling expenses 97 55 178 104
Depreciation and amortization 90 92 180 180
Food and beverage service 50 31 95 62
Third-party regional carrier expense 27 24 54 47
Special items—merger-related costs 24 14 64 14
Other 140 81 274 175
Total Operating Expenses 1,609 1,076 3,192 2,133
Operating Income 493 418 659 708
Nonoperating Income (Expense)        
Interest income 9 7 16 13
Interest expense (26) (9) (51) (22)
Interest capitalized 4 7 8 15
Other—net (1) (3) (1) (2)
Nonoperating Income (Expense) Total (14) 2 (28) 4
Income before income tax 479 420 631 712
Income tax expense 183 160 236 268
Net Income $ 296 $ 260 $ 395 $ 444
Basic Earnings Per Share (usd per share) $ 2.40 $ 2.11 $ 3.19 $ 3.58
Diluted Earnings Per Share (usd per share) $ 2.38 $ 2.10 $ 3.17 $ 3.56
Shares used for computation:        
Basic shares (shares) 123,573 123,250 123,534 123,900
Diluted shares (shares) 124,332 123,988 124,374 124,715
Cash dividend declared per share (usd per share) $ 0.30 $ 0.275 $ 0.6 $ 0.550