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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current Assets    
Cash and cash equivalents $ 658 $ 609
Accounts receivable, net 95 93
Supplies, net 78 79
Other current assets 116 90
Total current assets 947 871
Property and equipment, net 350 309
Operating lease right-of-use assets 3,589 2,964
Pre-delivery deposits for flight equipment 392 407
Aircraft maintenance deposits 0 84
Intangible assets, net 27 28
Other assets 384 330
Total assets 5,689 4,993
Liabilities and stockholders’ equity    
Accounts payable 137 134
Air traffic liability 323 253
Frequent flyer liability 12 10
Current maturities of long-term debt, net 263 251
Current maturities of operating leases 601 549
Other current liabilities 485 461
Total current liabilities 1,821 1,658
Long-term debt, net 189 219
Long-term operating leases 3,016 2,440
Long-term frequent flyer liability 33 35
Other long-term liabilities 110 134
Total liabilities 5,169 4,486
Commitments and contingencies (Note 9)
Stockholders’ equity:    
Common stock, $0.001 par value per share, with 224,471,666 and 222,998,790 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 0 0
Additional paid-in capital 411 403
Retained earnings 116 111
Accumulated other comprehensive income (loss) (7) (7)
Total stockholders’ equity 520 507
Total liabilities and stockholders’ equity $ 5,689 $ 4,993