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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating Revenues        
Passenger, Mainline $ 1,562 $ 1,073 $ 4,390 $ 3,036
Passenger, Regional 262 249 725 682
Total passenger revenue 1,824 1,322 5,115 3,718
Freight and mail 32 31 88 82
Other—net 264 213 768 607
Total Operating Revenues 2,120 1,566 5,971 4,407
Operating Expenses        
Wages and benefits 475 340 1,392 1,008
Variable incentive pay 40 31 98 95
Aircraft fuel, including hedging gains and losses 368 225 1,051 593
Aircraft maintenance 88 64 271 197
Aircraft rent 70 25 204 80
Landing fees and other rentals 124 89 338 232
Contracted services 76 63 234 183
Selling expenses 91 58 269 162
Depreciation and amortization 95 101 275 281
Food and beverage service 50 31 145 93
Third-party regional carrier expense 30 25 84 72
Special items—merger-related costs 24 22 88 36
Other 150 92 424 267
Total Operating Expenses 1,681 1,166 4,873 3,299
Operating Income 439 400 1,098 1,108
Nonoperating Income (Expense)        
Interest income 9 7 25 20
Interest expense (26) (11) (77) (33)
Interest capitalized 5 6 13 21
Other—net 0 0 (1) (2)
Nonoperating Income (Expense) Total (12) 2 (40) 6
Income before income tax 427 402 1,058 1,114
Income tax expense 161 146 397 414
Net Income $ 266 $ 256 $ 661 $ 700
Basic Earnings Per Share (usd per share) $ 2.15 $ 2.08 $ 5.35 $ 5.66
Diluted Earnings Per Share (usd per share) $ 2.14 $ 2.07 $ 5.31 $ 5.63
Shares used for computation:        
Basic shares (shares) 123,467 123,149 123,501 123,648
Diluted shares (shares) 124,220 123,833 124,341 124,393
Cash dividend declared per share (usd per share) $ 0.3 $ 0.275 $ 0.9 $ 0.825