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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Revenue    
Total Operating Revenue $ 3,300 $ 3,137
Operating Expenses    
Wages and benefits 1,242 1,127
Variable incentive pay 30 62
Aircraft fuel 796 681
Aircraft maintenance 216 220
Aircraft rent 61 62
Landing fees and other rentals 291 242
Contracted services 151 145
Selling expenses 99 100
Depreciation and amortization 204 194
Food and beverage service 95 85
Third-party regional carrier expense 56 64
Other 303 261
Special items - operating 35 91
Total Operating Expenses 3,579 3,334
Operating Loss (279) (197)
Non-operating Income (Expense)    
Interest income 19 26
Interest expense (76) (66)
Interest capitalized 10 12
Other - net 9 (8)
Total Non-operating Expense (38) (36)
Loss Before Income Tax (317) (233)
Income tax benefit (124) (67)
Net Loss $ (193) $ (166)
Basic loss per share (in dollars per share) $ (1.69) $ (1.35)
Diluted loss per share (in dollars per share) $ (1.69) $ (1.35)
Weighted Average Shares Outstanding used for computation:    
Basic 114,294,000 123,134,000
Diluted 114,294,000 123,134,000
Passenger revenue    
Operating Revenue    
Total Operating Revenue $ 2,920 $ 2,808
Passenger revenue | Passenger    
Operating Revenue    
Total Operating Revenue 2,920 2,808
Loyalty Plan Revenue    
Operating Revenue    
Total Operating Revenue 574 523
Loyalty Plan Revenue | Passenger    
Operating Revenue    
Total Operating Revenue 347 316
Loyalty Plan Revenue | Loyalty program other    
Operating Revenue    
Total Operating Revenue 227 207
Cargo and other revenue    
Operating Revenue    
Total Operating Revenue 153 122
Cargo and other revenue | Cargo and Freight    
Operating Revenue    
Total Operating Revenue $ 153 $ 122