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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Revenues      
Revenue $ 11,735 $ 10,426 $ 9,646
Operating Expenses      
Wages and benefits 3,588 3,041 2,640
Variable incentive pay 358 200 257
Aircraft fuel, including hedging gains and losses 2,506 2,641 2,668
Aircraft maintenance 620 488 424
Aircraft rent 207 208 291
Landing fees and other rentals 781 680 581
Contracted services 444 389 329
Selling expenses 349 303 295
Depreciation and amortization 583 451 415
Food and beverage service 287 241 197
Third-party regional carrier expense 243 218 182
Other 854 729 717
Special items - operating 345 443 580
Total Operating Expenses 11,165 10,032 9,576
Operating Income 570 394 70
Non-operating Income (Expense)      
Interest income 101 80 53
Interest expense (171) (121) (108)
Interest capitalized 29 27 14
Special items - net non-operating 16 (18) 0
Other - net 0 (39) 50
Total Non-operating Income (Expense) (25) (71) 9
Income Before Income Tax 545 323 79
Income tax expense 150 88 21
Net Income $ 395 $ 235 $ 58
Basic earnings per share $ 3.13 $ 1.84 $ 0.46
Diluted earnings per share $ 3.08 $ 1.83 $ 0.45
Weighted Average Shares Outstanding used for computation:      
Basic 126,136 127,375 126,657
Diluted 128,372 128,708 127,899
Passenger Revenue      
Operating Revenues      
Revenue $ 10,654 $ 9,526 $ 8,808
Passenger Revenue | Passenger      
Operating Revenues      
Revenue 10,654 9,526 8,808
Mileage Plan Revenue      
Operating Revenues      
Revenue 1,913 1,682 1,521
Mileage Plan Revenue | Passenger      
Operating Revenues      
Revenue 1,180 1,034 931
Mileage Plan Revenue | Mileage Plan Services, Other      
Operating Revenues      
Revenue 733 648 590
Cargo and other revenue      
Operating Revenues      
Revenue 348 252 248
Cargo and other revenue | Cargo and Freight      
Operating Revenues      
Revenue $ 348 $ 252 $ 248