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Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of revenue

The following table provides the revenues recognized by revenue source for the three months ended March 31, 2022 and 2021 (in millions):

			Three Months Ended March 31,
			2022						2021
Passenger revenue
Passenger travel			$	1,490					$	625
Loyalty revenue - air transportation			113						45
Other revenue
Loyalty revenue			88						45
Other revenue			45						18
Total revenue			$	1,736					$	733

Contract with customer, contract asset, contract liability, and receivable

Our contract liabilities primarily consist of ticket sales for which transportation has not yet been provided, unused credits available to customers, and outstanding loyalty points available for redemption (in millions):

			March 31, 2022						December 31, 2021
Air traffic liability - passenger travel			$	1,643					$	1,323
Air traffic liability - loyalty program (air transportation)			912						891
Deferred revenue(1)			595						613
Total			$	3,150					$	2,827

(1) Deferred revenue is included within other accrued liabilities and other liabilities on our consolidated balance sheets.

The table below presents the activity of the current and non-current air traffic liability for our loyalty program, and includes points earned and sold to participating companies for the three months ended March 31, 2022 and 2021 (in millions):

Balance at December 31, 2021			$	891
TrueBlue® points redeemed			(113)
TrueBlue® points earned and sold			134
Balance at March 31, 2022			$	912
Balance at December 31, 2020			$	733
TrueBlue® points redeemed			(45)
TrueBlue® points earned and sold			70
Balance at March 31, 2021			$	758

The timing of our TrueBlue® point redemptions can vary; however, the majority of our points are redeemed within approximately three years of the date of issuance.

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130545-203045

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- References

No definition available.

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