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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Mar. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Dec. 31, 2020
Cash flows from operating activities:              
Net Income (Loss) $ 194 $ (131) $ (431) $ (232) $ 460 $ (877)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:              
Depreciation and amortization 99   105   294 320  
Stock-based compensation and other         35 14  
Special items - Impairment charges and other (9)   121   5 350  
Restructuring Charges 0   322   (12) 322 $ 220
Changes in certain assets and liabilities:              
Changes in deferred tax provision         95 (220)  
Increase (Decrease) in Contract with Customer, Liability         152 171  
Increase in deferred revenue         73 193  
Payment for Pension and Other Postretirement Benefits         (100) 0  
Other - net         (101) (157)  
Net cash provided by operating activities         901 116  
Property and equipment additions:              
Aircraft and aircraft purchase deposits         (52) (61)  
Other flight equipment         (78) (49)  
Other property and equipment         (60) (94)  
Total property and equipment additions, including capitalized interest         (190) (204)  
Purchases of marketable securities         (3,413) (2,092)  
Sales and maturities of marketable securities         2,669 1,520  
Other investing activities         (9) 9  
Net cash used in investing activities         (943) (767)  
Cash flows from financing activities:              
Proceeds from issuance of debt         363 2,581  
Common stock repurchases         0 (31)  
Dividends paid         0 (45)  
Long-term debt payments         (1,222) (238)  
Other financing activities         34 19  
Net cash provided by (used in) financing activities         (825) 2,286  
Net increase in cash, cash equivalents, and restricted cash         (867) 1,635  
Cash, cash equivalents, and restricted cash at beginning of year   $ 1,386   $ 232 1,386 232 232
Cash, cash equivalents, and restricted cash at end of the period 519   1,867   519 1,867 1,386
Cash paid during the period for:              
Interest (net of amount capitalized)         100 38  
Income taxes           0  
Non-cash transactions:              
Right-of-use assets acquired through operating leases         126 54  
Reconciliation of cash, cash equivalents, and restricted cash at end of the period              
Cash and cash equivalents 495   1,855   495 1,855 1,370
Restricted cash included in Prepaid expenses, assets held-for-sale and other current assets 24   12   24 12  
Total cash, cash equivalents, and restricted cash at end of the period $ 519   $ 1,867   $ 519 $ 1,867 $ 1,386