Accumulated Other Comprehensive Income (Loss) (Tables)

6 Months Ended

Jun. 30, 2023

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated other comprehensive income (loss), net of tax

A roll-forward of the amounts included in accumulated other comprehensive income (loss), net of taxes for the three months ended June 30, 2023 and 2022 is as follows (in millions):


	Aircraft fuel derivatives		Available-for-sale securities		Total
Balance of accumulated loss, at March 31, 2023	$	(4)	$	(1)	$	(5)
Reclassifications into earnings, net of taxes of $1 (1)	3		—		3
Change in fair value, net of taxes of $(2)	(4)		—		(4)
Balance of accumulated loss, at June 30, 2023	$	(5)	$	(1)	$	(6)

Balance of accumulated loss, at March 31, 2022	$	—	$	(1)	$	(1)
Reclassifications into earnings, net of taxes $0 (1)	—		—		—
Change in fair value, net of taxes of $0	—		(1)		(1)
Balance of accumulated loss, at June 30, 2022	$	—	$	(2)	$	(2)

(1) Reclassified to aircraft fuel expense.

A roll-forward of the amounts included in accumulated other comprehensive income (loss), net of taxes for the six months ended June 30, 2023 and 2022 is as follows (in millions):


	Aircraft fuel derivatives		Available-for-sale securities		Total
Balance of accumulated income (loss), at December 31, 2022	$	1	$	(1)	$	—
Reclassifications into earnings, net of taxes of $1 (1)	2		—		2
Change in fair value, net of taxes of $(3)	(8)		—		(8)
Balance of accumulated loss, at June 30, 2023	$	(5)	$	(1)	$	(6)

Balance of accumulated income (loss), at December 31, 2021	$	—	$	—	$	—
Reclassifications into earnings, net of taxes $0 (1)	—		—		—
Change in fair value, net of taxes of $0	—		(2)		(2)
Balance of accumulated income (loss), at June 30, 2022	$	—	$	(2)	$	(2)

(1) Reclassified to aircraft fuel expense.