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Condensed Consolidated Statements of Operations and Comprehensive Income/(Loss) (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating Revenue:        
Total operating revenue $ 15,578 $ 13,824 $ 28,337 $ 23,173
Operating Expense:        
Salaries and related costs 3,692 2,955 7,078 5,782
Aircraft fuel and related taxes 2,516 3,223 5,192 5,315
Ancillary businesses and refinery 1,173 1,718 2,298 3,100
Contracted services 994 791 2,004 1,544
Landing fees and other rents 617 546 1,201 1,050
Aircraft maintenance materials and outside repairs 614 522 1,199 988
Passenger commissions and other selling expenses 651 526 1,152 838
Depreciation and amortization 573 510 1,137 1,016
Regional carrier expense 559 528 1,117 1,018
Pilot agreement and related expenses 0 0 864 0
Passenger service 442 369 859 644
Profit sharing 595 54 667 54
Aircraft rent 132 127 264 249
Other 529 436 1,090 840
Total operating expense 13,087 12,305 26,122 22,438
Operating Income 2,491 1,519 2,215 735
Non-Operating Expense:        
Interest expense, net (203) (269) (430) (543)
Gain/(loss) on investments, net 128 (221) 251 (368)
Loss on extinguishment of debt (29) (41) (50) (66)
Pension and related (expense)/benefit (61) 73 (122) 145
Miscellaneous, net (9) (28) (52) (70)
Total non-operating expense, net (174) (486) (403) (902)
Income/(Loss) Before Income Taxes 2,317 1,033 1,812 (167)
Income Tax Provision (490) (298) (348) (38)
Net Income/(Loss) $ 1,827 $ 735 $ 1,464 $ (205)
Basic Earnings/(Loss) Per Share (USD per share) $ 2.86 $ 1.15 $ 2.29 $ (0.32)
Diluted Earnings/(Loss) Per Share (USD per share) $ 2.84 $ 1.15 $ 2.28 $ (0.32)
Comprehensive Income/(Loss) $ 1,872 $ 798 $ 1,556 $ (83)
Passenger        
Operating Revenue:        
Total operating revenue 13,205 10,958 23,616 17,865
Cargo        
Operating Revenue:        
Total operating revenue 172 272 381 561
Other        
Operating Revenue:        
Total operating revenue $ 2,201 $ 2,594 $ 4,340 $ 4,747