XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues [Abstract]        
Total revenue $ 2,562 $ 1,972 $ 6,743 $ 4,203
OPERATING EXPENSES        
Aircraft fuel and related taxes 825 443 2,305 973
Salaries, wages and benefits 675 620 2,058 1,718
Landing fees and other rents 131 182 412 470
Depreciation and amortization 147 140 435 398
Aircraft rent 30 25 83 76
Sales and marketing 81 60 216 130
Maintenance, materials and repairs 178 205 492 472
Other operating expenses 343 297 1,026 768
Special items 13 (186) 57 (841)
Total operating expenses 2,423 1,786 7,084 4,164
OPERATING INCOME (LOSS) 139 186 (341) 39
OTHER (EXPENSE) INCOME        
Interest expense (44) (42) (121) (153)
Interest income 11 4 24 12
Gain (loss) on investments, net 0 54 (4) 57
Other (1) (12) (1) (55)
Total other (expense) income (34) 4 (102) (139)
INCOME (LOSS) BEFORE INCOME TAXES 105 190 (443) (100)
Income tax expense (benefit) 48 60 (57) (47)
NET INCOME (LOSS) $ 57 $ 130 $ (386) $ (53)
EARNINGS (LOSS) PER COMMON SHARE:        
Basic (in dollars per share) $ 0.18 $ 0.41 $ (1.20) $ (0.17)
Diluted (in dollars per share) $ 0.18 $ 0.40 $ (1.20) $ (0.17)
Passenger        
Revenues [Abstract]        
Total revenue $ 2,415 $ 1,856 $ 6,319 $ 3,913
Other        
Revenues [Abstract]        
Total revenue $ 147 $ 116 $ 424 $ 290