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REVENUE (Tables)
3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Passenger revenue recognized in the unaudited condensed consolidated statements of operations:
Three Months Ended March 31,
(in millions)20252024
Passenger ticket revenue, net of taxes and fees$2,352 $1,648 
Passenger ancillary revenue140 108 
Loyalty program passenger revenue316 248 
Total Passenger revenue$2,808 $2,004 
The table below presents the Company's passenger revenue by principal geographic region (as defined by the U.S. Department of Transportation):
Three Months Ended March 31,
(in millions)20252024
Domestic$2,462 $1,805 
Latin America214 199 
Pacific132 — 
Total Passenger revenue$2,808 $2,004 
Loyalty program revenue included in the unaudited condensed consolidated statements of operations:
Three Months Ended March 31,
(in millions)20252024
Loyalty program passenger revenue$316 $248 
Loyalty program other revenue207 164 
Total Loyalty program revenue$523 $412 
Cargo and other revenue included in the unaudited condensed consolidated statements of operations:
Three Months Ended March 31,
(in millions)20252024
Cargo revenue$57 $28 
Other revenue65 36 
Total Cargo and other revenue$122 $64 
Contract with Customer, Asset and Liability
The table below presents a roll forward of the total loyalty program liability:
Three Months Ended March 31,
(in millions)20252024
Total Deferred Revenue balance at January 1$3,256 $2,603 
Travel miles and companion certificate redemption - Passenger revenue(307)(234)
Miles redeemed on partner airlines - Loyalty program other revenue(49)(28)
Increase in liability for mileage credits issued414 292 
Total Deferred Revenue balance at March 31$3,314 $2,633