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Revenue Recognition (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023 and 2022 (in millions):

			Three Months Ended June 30,												Six Months Ended June 30,
			2023						2022						2023						2022
Passenger revenue
Passenger travel			$	2,289					$	2,162					$	4,315					$	3,651
Loyalty revenue - air transportation			171						140						326						253
Other revenue
Loyalty revenue			104						95						204						184
Other revenue			46						48						92						93
Total revenue			$	2,610					$	2,445					$	4,937					$	4,181

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, 2023						December 31, 2022
Air traffic liability - passenger travel			$	1,451					$	1,291
Air traffic liability - loyalty program (air transportation)			990						1,000
Deferred revenue (1)			511						530
Total			$	2,952					$	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 six months ended June 30, 2023 and 2022 (in millions):

Balance at December 31, 2022			$	1,000
TrueBlue® points redeemed			(327)
TrueBlue® points earned and sold			317
Balance at June 30, 2023			$	990
Balance at December 31, 2021			$	891
TrueBlue® points redeemed			(253)
TrueBlue® points earned and sold			289
Balance at June 30, 2022			$	927

X

- 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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-10

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X

- 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
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

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- References

No definition available.

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