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Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2023

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, 2023 and 2022 (in millions):

			Three Months Ended March 31,
			2023						2022
Passenger revenue
Passenger travel			$	2,026					$	1,490
Loyalty revenue - air transportation			156						113
Other revenue
Loyalty revenue			100						88
Other revenue			46						45
Total revenue			$	2,328					$	1,736

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, 2023						December 31, 2022
Air traffic liability - passenger travel			$	1,624					$	1,291
Air traffic liability - loyalty program (air transportation)			998						1,000
Deferred revenue(1)			525						530
Total			$	3,147					$	2,821

(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, 2023 and 2022 (in millions):

Balance at December 31, 2022			$	1,000
TrueBlue® points redeemed			(156)
TrueBlue® points earned and sold			154
Balance at March 31, 2023			$	998
Balance at December 31, 2021			$	891
TrueBlue® points redeemed			(113)
TrueBlue® points earned and sold			134
Balance at March 31, 2022			$	912

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 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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