XML 44 R26.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Leases, Codification Topic 842 (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Leases [Abstract] |
Schedule of Lease Assets | Operating lease assets balance by asset class was as follows (in millions):
| December 31, 2023 |  | December 31, 2022
Aircraft | $ | 468 |  |  | $ | 701 |
CPA Aircraft | 622 |  |  | 683 |
Airport and terminal facilities | 29 |  |  | 21 |
Corporate real estate and other | 76 |  |  | 66 |
Total Operating Lease Assets | $ | 1,195 |  |  | $ | 1,471 |
Lease, Cost | The impact of leases, including variable lease cost, was as follows (in millions):
| Classification | 2023 |  | 2022 |  | 2021
Expense |  |  |  |  |  |
Aircraft(a) | Aircraft rent | $ | 100 |  |  | $ | 191 |  |  | $ | 174 |
CPA Aircraft | Aircraft rent | 108 |  |  | 100 |  |  | 80 |
Airport and terminal facilities | Landing fees and other rentals | 451 |  |  | 384 |  |  | 379 |
Corporate real estate and other | Landing fees and other rentals | 31 |  |  | 33 |  |  | 21 |
Total lease expense |  | $ | 690 |  |  | $ | 708 |  |  | $ | 654 |
Revenue |  |  |  |  |  |
Lease revenue | Cargo and other revenue | (15) |  |  | (15) |  |  | (16) |
Net lease impact |  | $ | 675 |  |  | $ | 693 |  |  | $ | 638 |
(a) Aircraft lease expense excludes the portion of aircraft rent that was accelerated due to the fleet transition and recorded to Special items - fleet transition and other, as well as interest expense associated with certain A321neo finance leases recorded to Special items - net non-operating within the consolidated statements of operations. Refer to Note 2 to the consolidated financial statements for additional information.
Lessee, Operating Lease, Liability, Maturity | Future minimum lease payments under non-cancellable leases as of December 31, 2023 (in millions):
| Aircraft(a) |  | CPA Aircraft |  | Airport and Terminal Facilities |  | Corporate Real Estate and Other
2024 | $ | 162 |  |  | $ | 112 |  |  | $ | 5 |  |  | $ | 10 |
2025 | 72 |  |  | 112 |  |  | 6 |  |  | 9 |
2026 | 75 |  |  | 112 |  |  | 6 |  |  | 9 |
2027 | 71 |  |  | 112 |  |  | 5 |  |  | 8 |
2028 | 64 |  |  | 110 |  |  | 5 |  |  | 7 |
Thereafter | 306 |  |  | 276 |  |  | 9 |  |  | 112 |
Total Lease Payments(b) | $ | 750 |  |  | $ | 834 |  |  | $ | 36 |  |  | $ | 155 |
Less: Imputed interest | (145) |  |  | (191) |  |  | (6) |  |  | (74) |
Total | $ | 605 |  |  | $ | 643 |  |  | $ | 30 |  |  | $ | 81 |
(a) Future minimum lease payments include payments for aircraft operated under operating leases and aircraft removed from operating service which remain under operating and finance leases, as we have remaining cash obligations under existing terms. (b) Future minimum lease payments in the table reflect incentive credits related to leased B737-9 aircraft. As a result, the operating lease liabilities presented on the consolidated balance sheet will not agree to this table.
Weighted Average Lease Assumptions | The weighted average IBR and weighted average remaining lease term (in years) for all asset classes were as follows at December 31, 2023.
| Weighted Average IBR |  | Weighted Average Remaining Lease Term
Aircraft | 5.5 | % |  | 9.3
CPA Aircraft | 7.0 | % |  | 7.8
Airport and terminal facilities | 5.3 | % |  | 6.7
Corporate real estate and other | 5.4 | % |  | 26.6

X
- Definition Schedule of Lease Assets + References No definition available. + Details
Name: | alk_ScheduleofLeaseAssetsTableTextBlock
Namespace Prefix: | alk_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Weighted Average Lease Assumptions + References No definition available. + Details
Name: | alk_WeightedAverageLeaseAssumptionsTableTextBlock
Namespace Prefix: | alk_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration