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Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2022

Revenue from Contract with Customer [Abstract]

Disaggregation of revenue

The following table provides the revenues recognized by revenue source for the three and six months ended June 30, 2022 and 2021 (in millions):

			Three Months Ended June 30,												Six Months Ended June 30,
			2022						2021						2022						2021
Passenger revenue
Passenger travel			$	2,162					$	1,322					$	3,651					$	1,945
Loyalty revenue - air transportation			140						66						253						113
Other revenue
Loyalty revenue			95						81						184						126
Other revenue			48						30						93						48
Total revenue			$	2,445					$	1,499					$	4,181					$	2,232

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):

			June 30, 2022						December 31, 2021
Air traffic liability - passenger travel			$	1,690					$	1,323
Air traffic liability - loyalty program (air transportation)			927						891
Deferred revenue(1)			571						613
Total			3,188						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 six months ended June 30, 2022 and 2021 (in millions):

Balance at December 31, 2021			$	891
TrueBlue® points redeemed			(253)
TrueBlue® points earned and sold			289
Balance at June 30, 2022			$	927
Balance at December 31, 2020			$	733
TrueBlue® points redeemed			(113)
TrueBlue® points earned and sold			186
Balance at June 30, 2021			$	806

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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 https://asc.fasb.org/extlink&oid=126920106&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 https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045

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- References

No definition available.

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