XML 21 R3.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statement of Comprehensive Income (Loss) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
OPERATING REVENUE:        
Total operating revenues $ 4,008 $ 1,008 $ 6,060 $ 5,242
OPERATING EXPENSES, NET:        
Salaries, wages, and benefits 1,825 1,714 3,395 3,568
Payroll support and voluntary Employee programs, net (740) (784) (2,187) (784)
Fuel and oil 803 257 1,272 1,128
Maintenance materials and repairs 222 140 395 412
Landing fees and airport rentals 403 275 716 614
Depreciation and amortization 315 313 627 624
Other operating expenses 586 220 1,049 917
Total operating expenses, net 3,414 2,135 5,267 6,479
OPERATING INCOME (LOSS) 594 (1,127) 793 (1,237)
OTHER EXPENSES (INCOME):        
Interest expense 116 96 229 124
Capitalized interest (8) (7) (19) (12)
Interest income (2) (9) (4) (26)
Other (gains) losses, net (14) 32 (61) 60
Total other expenses (income) 92 112 145 146
INCOME (LOSS) BEFORE INCOME TAXES 502 (1,239) 648 (1,383)
PROVISION (BENEFIT) FOR INCOME TAXES 154 (324) 185 (374)
NET INCOME (LOSS) $ 348 $ (915) $ 463 $ (1,009)
NET INCOME (LOSS) PER SHARE, BASIC (in USD per share) $ 0.59 $ (1.63) $ 0.78 $ (1.87)
NET INCOME (LOSS) PER SHARE, DILUTED (in USD per share) $ 0.57 $ (1.63) $ 0.76 $ (1.87)
COMPREHENSIVE INCOME (LOSS) $ 544 $ (859) $ 723 $ (1,078)
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 591 563 591 539
Diluted (in shares) 615 563 612 539
Passenger        
OPERATING REVENUE:        
Total operating revenues $ 3,569 $ 704 $ 5,282 $ 4,549
Freight        
OPERATING REVENUE:        
Total operating revenues 50 38 92 77
Other        
OPERATING REVENUE:        
Total operating revenues $ 389 $ 266 $ 686 $ 616