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Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues [Abstract]        
Total operating revenues $ 2,365 $ 2,353 $ 7,002 $ 7,290
OPERATING EXPENSES        
Aircraft fuel 584 701 1,835 2,108
Salaries, wages and benefits 827 790 2,434 2,304
Landing fees and other rents 176 176 518 499
Depreciation and amortization 165 155 487 462
Aircraft rent 21 33 73 99
Sales and marketing 81 80 245 237
Maintenance, materials and repairs 160 168 442 512
Special items 27 33 590 168
Other operating expenses 362 373 1,078 1,064
Total operating expenses 2,403 2,509 7,702 7,453
OPERATING LOSS (38) (156) (700) (163)
OTHER INCOME (EXPENSE)        
Interest expense (100) (53) (215) (145)
Interest income 30 19 66 50
Capitalized interest 3 5 12 14
Gain (loss) on investments, net (2) 0 (25) 6
Gain on debt extinguishments 22 0 22 0
Other 7 11 26 14
Total other expense (40) (18) (114) (61)
LOSS BEFORE INCOME TAXES (78) (174) (814) (224)
Income tax benefit 18 21 63 17
NET LOSS $ (60) $ (153) $ (751) $ (207)
LOSS PER COMMON SHARE        
Basic (in dollars per share) $ (0.17) $ (0.46) $ (2.18) $ (0.63)
Diluted (in dollars per share) $ (0.17) $ (0.46) $ (2.18) $ (0.63)
Passenger        
Revenues [Abstract]        
Total operating revenues $ 2,198 $ 2,201 $ 6,518 $ 6,842
Other        
Revenues [Abstract]        
Total operating revenues $ 167 $ 152 $ 484 $ 448