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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Operating Revenues        
Total Operating Revenues $ 2,288 $ 2,156 $ 4,164 $ 3,988
Operating Expenses        
Wages and benefits 567 544 1,124 1,080
Variable incentive pay 44 38 79 77
Aircraft fuel, including hedging gains and losses 502 475 922 884
Aircraft maintenance 115 106 235 213
Aircraft rent 82 77 165 151
Landing fees and other rentals 113 110 245 236
Contracted services 70 76 142 157
Selling expenses 87 88 159 166
Depreciation and amortization 105 97 211 191
Food and beverage service 53 55 102 105
Third-party regional carrier expense 42 39 83 76
Other 136 141 274 282
Special items - merger-related costs 8 39 34 45
Special items—other 0 0 0 25
Total Operating Expenses 1,924 1,885 3,775 3,688
Operating Income 364 271 389 300
Nonoperating Income (Expense)        
Interest income 11 10 20 18
Interest expense (20) (25) (42) (49)
Interest capitalized 3 4 7 9
Other—net (7) (1) (17) (13)
Nonoperating Income (Expense) Total (13) (12) (32) (35)
Income Before Income Tax 351 259 357 265
Income tax expense 89 66 91 68
Net Income $ 262 $ 193 $ 266 $ 197
Basic Earnings Per Share (usd per share) $ 2.12 $ 1.57 $ 2.15 $ 1.60
Diluted Earnings Per Share (usd per share) $ 2.11 $ 1.56 $ 2.14 $ 1.59
Shares used for computation:        
Basic shares (shares) 123,418 123,268 123,355 123,212
Diluted shares (shares) 124,301 124,036 124,179 123,953
Passenger Revenue [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax $ 2,111 $ 1,997 $ 3,827 $ 3,681
Passenger Revenue [Member] | Passenger [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 2,111 1,997 3,827 3,681
Mileage Plan Revenue [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 290 275 553 521
Mileage Plan Revenue [Member] | Passenger [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 172 167 325 306
Mileage Plan Revenue [Member] | Mileage plan other revenue [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 118 108 228 215
Cargo and Other Revenue [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 59 51 109 92
Cargo and Other Revenue [Member] | Cargo and Freight [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax $ 59 $ 51 $ 109 $ 92