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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (443) $ (183)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Deferred income taxes (101) (93)
Depreciation 262 238
Amortization 26 20
Impairment of long-lived asset 5 0
Stock-based compensation 18 17
Changes in certain operating assets and liabilities 537 1,439
Deferred federal payroll support program grants 0 185
Other, net (5) 35
Net cash provided by operating activities 299 1,658
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (274) (524)
Predelivery deposits for flight equipment (65) (16)
Purchase of held to maturity investments (85) 0
Purchase of available-for-sale securities (461) (520)
Proceeds from the sale/maturity of held to maturity investments 2 0
Proceeds from the sale of available-for-sale securities 405 340
Other, net (7) (2)
Net cash used in investing activities (485) (722)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of long-term debt 0 1,010
Proceeds from issuance of common stock 29 22
Proceeds from issuance of stock warrants 0 14
Repayment of long-term debt and finance lease obligations (189) (1,481)
Acquisition of treasury stock (6) (7)
Other, net (35) (1)
Net cash used in financing activities (201) (443)
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (387) 493
Cash, cash equivalents and restricted cash at beginning of period 2,077 1,969
Cash, cash equivalents and restricted cash at end of period [1] 1,690 2,462
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash payments for interest 60 97
Cash payments for income taxes (net of refunds) (49) 0
NON-CASH TRANSACTIONS    
Operating lease assets obtained in exchange for operating lease liabilities 60 0
Cash and cash equivalents 1,611 2,409
Restricted cash 79 53
Total cash, cash equivalents and restricted cash [1] $ 1,690 $ 2,462
[1] Reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets:
June 30, 2022June 30, 2021
Cash and cash equivalents$1,611 $2,409 
Restricted cash79 53 
Total cash, cash equivalents and restricted cash$1,690 $2,462