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REVENUE (Tables)
12 Months Ended
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Passenger revenue recognized in the consolidated statements of operations:
Twelve Months Ended December 31,
(in millions)
202520242023
Passenger ticket revenue, net of taxes and fees$10,762 $8,926 $8,016 
Passenger ancillary revenue646 548 476 
Loyalty program passenger revenue
1,427 1,180 1,034 
Total Passenger revenue$12,835 $10,654 $9,526 
The table below presents the Company's passenger revenue by principal geographic region (as defined by the U.S. Department of Transportation):
Twelve Months Ended December 31,
(in millions)
202520242023
Domestic
$11,631 $9,831 $8,938 
Latin America
674 677 588 
Pacific
530 146 — 
Total Passenger revenue$12,835 $10,654 $9,526 
Loyalty Program revenue included in the consolidated statements of operations:
Twelve Months Ended December 31,
(in millions)
202520242023
Loyalty program passenger revenue
$1,427 $1,180 $1,034 
Loyalty program other revenue
855 733 648 
Total Loyalty program revenue
$2,282 $1,913 $1,682 
Cargo and other revenue included in the consolidated statements of operations:
Twelve Months Ended December 31,
(in millions)
202520242023
Cargo revenue$257 $169 $128 
Other revenue292 179 124 
Total Cargo and other revenue$549 $348 $252 
Contract with Customer, Asset and Liability
The table below presents a roll forward of the total loyalty program liability:
Twelve Months Ended December 31,
(in millions)
20252024
Total Deferred Revenue balance at January 1$3,256 $2,603 
Deferred revenue acquired from Hawaiian as of September 18, 2024 537 
Loyalty points and companion certificate redemption - Passenger revenue(1,347)(1,124)
Loyalty points redeemed on partner airlines - Loyalty program other revenue(255)(160)
Increase in liability for loyalty points issued1,779 1,400 
Total Deferred Revenue balance at December 31$3,433 $3,256