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Statements of Consolidated Operations (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating revenue:        
Operating revenue $ 12,877 $ 7,750 $ 32,555 $ 16,442
Operating expense:        
Aircraft fuel 3,755 1,710 9,796 3,793
Salaries and related costs 2,843 2,487 8,466 6,987
Landing fees and other rent 639 652 1,919 1,735
Aircraft maintenance materials and outside repairs 619 346 1,553 917
Depreciation and amortization 610 623 1,832 1,866
Regional capacity purchase 596 520 1,728 1,546
Distribution expenses 482 218 1,101 442
Aircraft rent 65 58 193 165
Special charges (credits) 20 (1,098) 124 (3,423)
Other operating expenses 1,790 1,197 4,883 3,028
Total operating expense 11,419 6,713 31,595 17,056
Operating income (loss) 1,458 1,037 960 (614)
Nonoperating income (expense):        
Interest expense (455) (449) (1,299) (1,228)
Interest capitalized 27 18 73 57
Interest income 104 11 142 30
Unrealized gains (losses) on investments, net 28 (34) (12) 91
Miscellaneous, net (9) 20 (4) (48)
Total nonoperating expense, net (305) (434) (1,100) (1,098)
Income (loss) before income tax expense (benefit) 1,153 603 (140) (1,712)
Income tax expense (benefit) 211 130 (34) (394)
Net income (loss) $ 942 $ 473 $ (106) $ (1,318)
Earnings (loss) per share, basic (in dollars per share) $ 2.88 $ 1.46 $ (0.33) $ (4.10)
Earnings (loss) per share, diluted ( in dollars per share) $ 2.86 $ 1.44 $ (0.33) $ (4.10)
Passenger revenue        
Operating revenue:        
Operating revenue $ 11,653 $ 6,637 $ 28,830 $ 13,319
Cargo        
Operating revenue:        
Operating revenue 498 519 1,699 1,622
Other operating revenue        
Operating revenue:        
Operating revenue $ 726 $ 594 $ 2,026 $ 1,501