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Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating Revenue:        
Total operating revenue $ 16,673 $ 15,677 $ 47,361 $ 46,084
Operating Expense:        
Salaries and related costs 4,443 4,231 12,928 12,035
Aircraft fuel and related taxes 2,570 2,747 7,439 8,157
Ancillary businesses and refinery 1,724 1,250 4,383 4,083
Contracted services 1,166 1,069 3,442 3,134
Landing fees and other rents 921 832 2,650 2,347
Regional carrier expense 649 600 1,913 1,731
Aircraft maintenance materials and outside repairs 667 627 1,904 1,990
Passenger commissions and other selling expenses 645 643 1,869 1,865
Depreciation and amortization 614 643 1,823 1,878
Passenger service 485 463 1,397 1,339
Profit sharing 392 320 986 964
Aircraft rent 135 137 408 411
Other 578 718 1,864 1,872
Total operating expense 14,989 14,280 43,006 41,806
Operating Income 1,684 1,397 4,355 4,278
Non-Operating Income/(Expense):        
Interest expense, net (171) (173) (521) (567)
Gain/(loss) on investments, net 311 350 1,007 (73)
Loss on extinguishment of debt (6) 0 (26) (36)
Miscellaneous, net (41) (13) (143) (146)
Total non-operating income/(expense), net 93 164 317 (822)
Income/(loss) before income taxes 1,777 1,561 4,672 3,456
Income Tax Provision (360) (289) (886) (842)
Net Income $ 1,417 $ 1,272 $ 3,786 $ 2,614
Basic earnings per share (USD per share) $ 2.18 $ 1.98 $ 5.85 $ 4.08
Diluted earnings per share (USD per share) $ 2.17 $ 1.97 $ 5.80 $ 4.04
Comprehensive Income $ 1,458 $ 1,321 $ 3,907 $ 2,768
Passenger        
Operating Revenue:        
Total operating revenue 13,506 13,107 38,852 38,079
Cargo        
Operating Revenue:        
Total operating revenue 233 196 654 574
Other        
Operating Revenue:        
Total operating revenue $ 2,934 $ 2,374 $ 7,855 $ 7,431