XML 37 R25.htm IDEA: XBRL DOCUMENT v3.23.3
OPERATING SEGMENT INFORMATION (Tables) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Segment Reporting [Abstract]        
Schedule of Segment Reporting Information, by Segment Operating segment information is as follows (in millions):
Three Months Ended September 30, 2023
MainlineRegionalHorizon
Consolidating & Other(a)
Air Group Adjusted(b)
Special Items(c)
Consolidated
Operating Revenue   
Passenger revenue$2,225 $393 $— $— $2,618 $— $2,618 
CPA revenue— — 104 (104)— — — 
Mileage Plan other revenue146 13 — — 159 — 159 
Cargo and other revenue60 — — 62 — 62 
Total Operating Revenue2,431 406 104 (102)2,839 — 2,839 
Operating Expenses
Operating expenses, excluding fuel1,484 297 89 (92)1,778 156 1,934 
Fuel expense621 108 — — 729 (35)694 
Total Operating Expenses2,105 405 89 (92)2,507 121 2,628 
Non-operating Income (Expense)— — (11)(10)(8)(18)
Income (Loss) Before Income Tax$326 $$$(9)$322 $(129)$193 
Pretax Margin11.4 %6.8 %
Three Months Ended September 30, 2022
MainlineRegionalHorizon
Consolidating & Other(a)
Air Group Adjusted(b)
Special Items(c)
Consolidated
Operating Revenue
Passenger revenue$2,217 $398 $— $— $2,615 $— $2,615 
CPA revenue— — 93 (93)— — — 
Mileage Plan other revenue133 13 — — 146 — 146 
Cargo and other revenue65 — — 67 — 67 
Total Operating Revenue2,415 411 93 (91)2,828 — 2,828 
Operating Expenses
Operating expenses, excluding fuel1,352 292 94 (94)1,644 245 1,889 
Fuel expense625 121 — — 746 131 877 
Total Operating Expenses1,977 413 94 (94)2,390 376 2,766 
Non-operating Income (Expense)— (5)— — 
Income (Loss) Before Income Tax$446 $(2)$(6)$$441 $(376)$65 
Pretax Margin15.6 %2.3 %
 
Nine Months Ended September 30, 2023
MainlineRegionalHorizon
Consolidating & Other(a)
Air Group Adjusted(b)
Special Items(c)
Consolidated
Operating Revenue   
Passenger revenue$6,143 $1,057 $— $— $7,200 $— $7,200 
CPA revenue— — 274 (274)— — — 
Mileage Plan other revenue447 36 — — 483 — 483 
Cargo and other revenue184 — — 190 — 190 
Total Operating Revenue6,774 1,093 274 (268)7,873 — 7,873 
Operating Expenses
Operating expenses, excluding fuel4,342 832 260 (261)5,173 406 5,579 
Fuel expense1,672 274 — — 1,946 (14)1,932 
Total Operating Expenses6,014 1,106 260 (261)7,119 392 7,511 
Non-operating Income (Expense)(3)— (29)(29)(14)(43)
Income (Loss) Before Income Tax$757 $(13)$(15)$(4)$725 $(406)$319 
Pretax Margin9.2 %4.1 %
Nine Months Ended September 30, 2022
MainlineRegionalHorizon
Consolidating & Other(a)
Air Group Adjusted(b)
Special Items(c)
Consolidated
Operating Revenue
Passenger revenue$5,488 $1,056 $— $— $6,544 $— $6,544 
CPA revenue— — 288 (288)— — — 
Mileage Plan other revenue392 41 — — 433 — 433 
Cargo and other revenue186 — — 190 — 190 
Total Operating Revenue6,066 1,097 288 (284)7,167 — 7,167 
Operating Expenses
Operating expenses, excluding fuel3,808 843 291 (288)4,654 466 5,120 
Fuel expense1,623 313 — — 1,936 64 2,000 
Total Operating Expenses5,431 1,156 291 (288)6,590 530 7,120 
Non-operating Income (Expense)12 — (15)— (3)— (3)
Income (Loss) Before Income Tax$647 $(59)$(18)$$574 $(530)$44 
Pretax Margin8.0 %0.6 %
(a)Includes consolidating entries, Air Group parent company, McGee Air Services, and other immaterial business units.
(b)The Air Group Adjusted column represents the financial information that is reviewed by management to assess performance of operations and determine capital allocation and excludes certain charges.
(c)Includes special items and mark-to-market fuel hedge accounting adjustments.


Total assets were as follows (in millions):
September 30, 2023December 31, 2022
Mainline$20,468 $19,733 
Horizon1,320 1,157 
Consolidating & Other(6,623)(6,704)
Consolidated$15,165 $14,186 
 
Nonoperating Income (Expense) $ (18) $ 3 $ (43) $ (3)
Interest income 23 17 62 35
Operating Expenses, Excluding Fuel 1,934 1,889 5,579 5,120
Economic fuel 694 877 1,932 2,000
Operating Expenses 2,628 2,766 7,511 7,120
Income (Loss) Before Income Tax $ 193 $ 65 $ 319 $ 44
Pretax Margin, GAAP 6.80% 2.30% 4.10% 0.60%
Pretax Margin, Adjusted 11.40% 15.60% 9.20% 8.00%