XML 28 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating Revenues        
Total Operating Revenues $ 1,527 $ 421 $ 2,324 $ 2,057
Operating Expenses        
Wages and benefits 510 472 1,003 1,084
Variable incentive pay 34 16 67 23
PSPGrantRecognized (503) 362 (914) 362
Aircraft fuel, including hedging gains and losses 274 59 477 443
Aircraft maintenance 102 45 183 160
Aircraft rent 62 74 124 155
Landing fees and other rentals 144 83 273 214
Contracted services 54 30 105 102
Selling expenses 41 4 74 59
Depreciation and amortization 98 107 195 215
Food and beverage service 35 7 58 56
Third-party regional carrier expense 37 26 67 63
Other 117 78 222 221
Special items - Impairment charges and other (4) 69 14 229
Restructuring Charges (23) 0 (12) 0
Special items - merger-related costs 0 1 0 4
Costs and Expenses, Total 978 709 1,936 2,666
Operating Income (Loss) 549 (288) 388 (609)
Nonoperating Income (Expense)        
Interest income 6 7 13 16
Interest Costs Incurred (39) (17) (71) (30)
Interest capitalized 3 1 6 4
Other—net 9 6 19 11
Nonoperating Income (Expense) Total (21) (3) (33) 1
Income (Loss) Before Income Tax 528 (291) 355 (608)
Income tax (benefit) expense 131 (77) 89 (162)
Net Income (Loss) $ 397 $ (214) $ 266 $ (446)
Basic Earnings Per Share (usd per share) $ 3.18 $ (1.74) $ 2.13 $ (3.62)
Diluted Earnings Per Share (usd per share) $ 3.13 $ (1.74) $ 2.10 $ (3.62)
Shares used for computation:        
Basic shares (shares) 124,977,000 123,296,000 124,640,000 123,058,000.000
Diluted shares (shares) 126,825,000 123,296,000 126,388,000 123,058,000.000
Passenger Revenue [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax $ 1,352 $ 309 $ 2,011 $ 1,790
Passenger Revenue [Member] | Passenger [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 1,352 309 2,011 1,790
Mileage Plan Revenue [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 272 129 450 390
Mileage Plan Revenue [Member] | Mileage plan other revenue [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 118 73 212 182
Cargo and Other Revenue [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax 57 39 101 85
Cargo and Other Revenue [Member] | Cargo and Freight [Member]        
Operating Revenues        
Revenue from Contract with Customer, Excluding Assessed Tax $ 57 $ 39 $ 101 $ 85