LONG-TERM DEBT (Tables)

9 Months Ended

Sep. 30, 2024

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Debt obligations on the unaudited Condensed Consolidated Balance Sheets:

(in millions)	September 30, 2024			December 31, 2023
Fixed-rate notes payable due through 2032	$	271		$	80
Fixed-rate PSP notes payable due through 2031	712			600
Fixed-rate EETCs payable due through 2027	867			835
Fixed-rate Japanese Yen denominated financing due through 2031	106			—
Fixed-rate Hawaiian Loyalty Program Financing due through 2029	991			—
Variable-rate notes payable due through 2036	1,691			971
Less debt issuance costs	(13)			(15)
Total debt(a)	4,625			2,471
Less current portion	(515)			(289)
Long-term debt, less current portion	$	4,110		$	2,182
Weighted-average fixed-interest rate	6.0		%	3.4		%
Weighted-average variable-interest rate	7.0		%	6.8		%

(a) Excludes finance lease liabilities of $57 million and $64 million as of September 30, 2024 and December 31 2023, respectively, on the condensed consolidated balance sheets. At September 30, 2024, amount includes one B787-9 aircraft financed under a Finance Lease Agreement but recorded as a financing liability under the applicable accounting framework.