Accumulated Other Comprehensive Income (Loss)

3 Months Ended

Mar. 31, 2024

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

Accumulated Other Comprehensive Income (Loss)

Comprehensive income (loss) includes changes in fair value of our aircraft fuel derivatives which qualify for hedge accounting and unrealized gain (loss) on available-for-sale securities. A rollforward of the amounts included in accumulated other comprehensive income (loss), net of taxes for the three months ended March 31, 2024 and 2023 is as follows (in millions):


	Aircraft fuel derivatives (1)		Available-for-sale securities		Total
Balance of accumulated loss, at December 31, 2023	$	(3)	$	(1)	$	(4)
Reclassifications into earnings, net of taxes of $0	2		—		2
Change in fair value, net of taxes of $0	1		—		1
Balance of accumulated gain (loss), at March 31, 2024	$	—	$	(1)	$	(1)

Balance of accumulated income (loss), at December 31, 2022	$	1	$	(1)	$	—
Reclassifications into earnings, net of taxes $0	(1)		—		(1)
Change in fair value, net of taxes of $(1)	(4)		—		(4)
Balance of accumulated loss, at March 31, 2023	$	(4)	$	(1)	$	(5)

(1) Reclassified to aircraft fuel expense.