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REVENUE (Tables)
9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
(in millions)2025202420252024
Passenger ticket revenue, net of taxes and fees$2,889 $2,380 $8,073 $6,254 
Passenger ancillary revenue177 152 479 395 
Loyalty program passenger revenue358 289 1,035 827 
Total Passenger revenue$3,424 $2,821 $9,587 $7,476 
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 September 30,Nine Months Ended September 30,
(in millions)2025202420252024
Domestic$3,202 $2,685 $8,725 $6,980 
Latin America100 118 480 478 
Pacific122 18 382 18 
Total Passenger revenue$3,424 $2,821 $9,587 $7,476 
Loyalty program revenue included in the unaudited condensed consolidated statements of operations:
Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2025202420252024
Loyalty program passenger revenue$358 $289 $1,035 $827 
Loyalty program other revenue200 171 617 509 
Total Loyalty program revenue$558 $460 $1,652 $1,336 
Cargo and other revenue included in the unaudited condensed consolidated statements of operations:
Three Months Ended September 30,Nine Months Ended September 30,
(in millions)2025202420252024
Cargo revenue$70 $43 $194 $107 
Other revenue72 37 209 109 
Total Cargo and other revenue$142 $80 $403 $216 
Contract with Customer, Asset and Liability
The table below presents a roll forward of the total loyalty program liability:
Nine Months Ended September 30,
(in millions)20252024
Total Deferred Revenue balance at January 1$3,256 $2,603 
Deferred revenue acquired from Hawaiian as of September 18 537 
Loyalty points and companion certificate redemption - Passenger revenue(993)(782)
Loyalty points redeemed on partner airlines - Loyalty program other revenue(194)(113)
Increase in liability for loyalty points issued1,364 947 
Total Deferred Revenue balance at September 30$3,433 $3,192