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v3.22.4

Consolidated Statements of Operations - USD ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
OPERATING REVENUES |  |  |
Total revenue | $ 9,158 | $ 6,037 | $ 2,957
OPERATING EXPENSES |  |  |
Aircraft fuel and related taxes | 3,105 | 1,436 | 631
Salaries, wages and benefits | 2,747 | 2,358 | 2,032
Landing fees and other rents | 544 | 628 | 358
Depreciation and amortization | 585 | 540 | 535
Aircraft rent | 114 | 99 | 85
Sales and marketing | 289 | 183 | 110
Maintenance, materials and repairs | 591 | 626 | 441
Special Items | 113 | (833) | (283)
Other operating expenses | 1,368 | 1,080 | 762
Total operating expenses | 9,456 | 6,117 | 4,671
OPERATING LOSS | (298) | (80) | (1,714)
OTHER (EXPENSE) INCOME |  |  |
Interest expense | (166) | (192) | (179)
Interest income | 39 | 17 | 23
(Loss) gain on equity investments, net | (9) | 47 | 0
Other | (3) | (55) | (23)
Total other expense | (139) | (183) | (179)
LOSS BEFORE INCOME TAXES | (437) | (263) | (1,893)
Income tax benefit | (75) | (81) | (539)
NET LOSS | $ (362) | $ (182) | $ (1,354)
LOSS PER COMMON SHARE |  |  |
Basic (in dollars per share) | $ (1.12) | $ (0.57) | $ (4.88)
Diluted (in dollars per share) | $ (1.12) | $ (0.57) | $ (4.88)
Passenger |  |  |
OPERATING REVENUES |  |  |
Total revenue | $ 8,586 | $ 5,609 | $ 2,733
Other |  |  |
OPERATING REVENUES |  |  |
Total revenue | $ 572 | $ 428 | $ 224

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