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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (716) $ (192)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Deferred income taxes (54) (78)
Depreciation and amortization 158 151
Spirit special items, non cash 450 0
Stock-based compensation 12 10
Changes in certain operating assets and liabilities 331 520
Other, net 23 (6)
Net cash provided by operating activities 204 405
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (427) (172)
Pre-delivery deposits for flight equipment (39) 0
Purchase of held-to-maturity investments 0 (4)
Proceeds from the maturities of held-to-maturity investments 19 4
Purchase of available-for-sale securities (1) (102)
Proceeds from the sale of available-for-sale securities 75 267
Payment for Spirit Airlines acquisition (22) (33)
Other, net (4) 0
Net cash used in investing activities (399) (40)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from sale-leaseback transactions 332 38
Repayment of long-term debt and finance lease obligations (58) (109)
Acquisition of treasury stock (3) (3)
Net cash provided by (used in) financing activities 271 (74)
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 76 291
Cash, cash equivalents and restricted cash at beginning of period 1,317 1,188
Cash, cash equivalents and restricted cash at end of period [1] 1,393 1,479
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash payments for interest (24) (6)
Cash payments for income taxes, net (6) 0
NON-CASH TRANSACTIONS    
Operating lease assets acquired under operating leases 6 4
Flight equipment acquired under finance leases 20 0
Cash and cash equivalents 1,237 1,333
Restricted cash [2] 156 146
Total cash, cash equivalents and restricted cash [1] $ 1,393 $ 1,479
[1]
(1) Reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets.
[2] Restricted cash primarily consists of funds held in escrow for estimated workers' compensation obligations and other letters of credit.