XML 41 R28.htm IDEA: XBRL DOCUMENT v3.25.1

SEGMENTS (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

Financial information by segment
(in millions)			Airline			Refinery						Intersegment Sales/Other						Consolidated
Three Months Ended March 31, 2025
Operating revenue			$	12,978		$	1,698					$	(636)		(1)			$	14,040
Airline salaries and related costs			4,083
Aircraft fuel and related costs			2,410
Refinery cost of goods sold(2)						1,562
Depreciation and amortization			607			28
Other segment items(3)			5,308			109
Operating income/(loss)(4)			570			(1)												569
Interest expense, net			179			1						(1)						179
Other non-operating expense			70															70
Income/(loss) before income taxes			321			(2)						1						320
Total assets, end of period			75,043			2,359						(60)						77,342
Capital expenditures			1,187			37												1,224
Three Months Ended March 31, 2024
Operating revenue			$	12,563		$	2,049					$	(864)		(1)			$	13,748
Airline salaries and related costs			3,791
Aircraft fuel and related costs			2,598
Refinery cost of goods sold(2)						1,873
Depreciation and amortization			615			27
Other segment items(3)			4,994			100
Operating income(4)			565			49												614
Interest expense, net			205			5						(5)						205
Other non-operating expense			287															287
Income before income taxes			73			44						5						122
Total assets, end of period			72,875			2,123						(29)						74,969
Capital expenditures			1,178			15												1,193

(1)See table below for detail of the intersegment operating revenue amounts.

(2)Refinery cost of goods sold are included within aircraft fuel and related taxes and ancillary businesses and refinery in our income statement.

(3)The nature of other segment items for the airline segment are shown on our income statement and for the refinery segment include salaries and related costs, maintenance, utilities and other expenses.

(4)Refinery segment operating results are included within aircraft fuel and related taxes in our income statement.

Intersegment Sales/Other
			Three Months Ended March 31,
(in millions)			2025			2024
Sales to airline segment (1)			$	(260)		$	(386)
Exchanged products (2)			(341)			(439)
Sales of refined products			(35)			(39)
Total operating revenue intersegment sales/other			$	(636)		$	(864)

(1)Represents transfers, valued on a market price basis, from the refinery to the airline segment for use in airline operations. We determine market price for jet fuel from the refinery by reference to the market index for the primary delivery location, which is New York Harbor.

(2)Represents value of products delivered under our exchange agreements, as discussed above, determined on a market price basis.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration