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REVENUE (Tables)
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Passenger revenue recognized in the unaudited condensed consolidated statements of operations:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2025202420252024
Passenger ticket revenue, net of taxes and fees$2,832 $2,226 $5,184 $3,874 
Passenger ancillary revenue162 135 302 243 
Loyalty program passenger revenue361 290 677 538 
Total Passenger revenue$3,355 $2,651 $6,163 $4,655 
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 June 30,Six Months Ended June 30,
(in millions)2025202420252024
Domestic$3,061 $2,490 $5,523 $4,295 
Latin America166 161 380 360 
Pacific128 — 260 — 
Total Passenger revenue$3,355 $2,651 $6,163 $4,655 
Loyalty program revenue included in the unaudited condensed consolidated statements of operations:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2025202420252024
Loyalty program passenger revenue$361 $290 $677 $538 
Loyalty program other revenue210 174 417 338 
Total Loyalty program revenue$571 $464 $1,094 $876 
Cargo and other revenue included in the unaudited condensed consolidated statements of operations:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)2025202420252024
Cargo revenue$67 $36 $124 $64 
Other revenue72 36 137 72 
Total Cargo and other revenue$139 $72 $261 $136 
Contract with Customer, Asset and Liability
The table below presents a roll forward of the total loyalty program liability:
Six Months Ended June 30,
(in millions)20252024
Total Deferred Revenue balance at January 1$3,256 $2,603 
Travel miles and companion certificate redemption - Passenger revenue(655)(508)
Miles redeemed on partner airlines - Loyalty program other revenue(119)(67)
Increase in liability for mileage credits issued990 613 
Total Deferred Revenue balance at June 30$3,472 $2,641