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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net income $ 5 $ 58
Deferred income taxes 3 13
Depreciation and amortization 34 23
Gains recognized on sale-leaseback transactions (148) (57)
Stock-based compensation 9 7
Amortization of cash flow hedges, net of tax 0 1
Changes in operating assets and liabilities:    
Accounts receivable, net (1) 28
Supplies and other current assets 1 9
Aircraft maintenance deposits 82 (9)
Other long-term assets (105) (93)
Accounts payable 9 6
Air traffic liability 70 40
Other liabilities 28 (60)
Cash used in operating activities (13) (34)
Cash flows from investing activities:    
Capital expenditures (48) (23)
Pre-delivery deposits for flight equipment, net of refunds 15 (9)
Other (1) (1)
Cash used in investing activities (34) (33)
Cash flows from financing activities:    
Proceeds from issuance of debt, net of issuance costs 142 52
Principal repayments on debt (161) (51)
Proceeds from sale-leaseback transactions 116 89
Proceeds from the exercise of stock options 1 1
Tax withholdings on share-based awards (2) (5)
Cash provided by financing activities 96 86
Net increase in cash, cash equivalents and restricted cash 49 19
Cash, cash equivalents and restricted cash, beginning of period 609 761
Cash, cash equivalents and restricted cash, end of period $ 658 $ 780