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ACQUISITION OF HAWAIIAN HOLDINGS, INC. (Tables)
 3 Months Ended
Mar. 31, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination, Recognized Asset Acquired and Liability Assumed
Provisional fair values of the assets acquired and the liabilities assumed as of the acquisition date, September 18, 2024, as of March 31, 2025 and December 31, 2024 were as follows:
 (in millions)March 31, 2025 and
December 31, 2024
Cash and cash equivalents$286 
Restricted cash27 
Marketable securities674 
Receivables110 
Inventories and supplies75 
Prepaid expenses and other77 
Property and equipment1,947 
Operating lease assets228 
Intangible assets799 
Goodwill781 
Other noncurrent assets97 
Total assets5,101 
Accounts payable57 
Air traffic liability513 
Other accrued liabilities331 
Deferred revenue - current229 
Current portion of operating lease liabilities65 
Current portion of long-term debt and finance leases144 
Long-Term Debt, net of current portion1,932 
Long-term operating lease liabilities, net of current portion234 
Deferred income taxes90 
Deferred revenue - noncurrent308 
Obligations for pension and post-retirement medical benefits153 
Other liabilities68 
Total liabilities4,124 
Total purchase price$977 
Business Combination, Pro Forma Information
The pro forma information includes adjustments for merger-related costs of $267 million assumed to have been incurred on January 1, 2023.
Three Months Ended March 31,
(in millions)2025 Pro Forma2024 Pro Forma
Revenue$3,137 $2,877 
Net loss(138)(267)