v3.25.2
Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues [Abstract]        
Total operating revenues $ 2,356 $ 2,428 $ 4,496 $ 4,637
OPERATING EXPENSES        
Aircraft fuel 504 626 1,015 1,251
Salaries, wages and benefits 852 784 1,714 1,607
Landing fees and other rents 171 177 330 341
Depreciation and amortization 171 163 339 322
Aircraft rent 20 25 39 52
Sales and marketing 76 87 147 164
Maintenance, materials and repairs 198 150 389 283
Special items 24 1 24 563
Other operating expenses 334 358 667 717
Total operating expenses 2,350 2,371 4,664 5,300
OPERATING INCOME (LOSS) 6 57 (168) (663)
OTHER INCOME (EXPENSE)        
Interest expense (147) (63) (295) (115)
Interest income 33 18 71 37
Capitalized interest 3 4 6 8
Gain (loss) on investments, net 3 (2) 4 (23)
Other 8 17 17 20
Total other expense (100) (26) (197) (73)
INCOME (LOSS) BEFORE INCOME TAXES (94) 31 (365) (736)
Income tax benefit (expense) 20 (6) 83 45
NET INCOME (LOSS) $ (74) $ 25 $ (282) $ (691)
EARNINGS (LOSS) PER COMMON SHARE        
Basic (in dollars per share) $ (0.21) $ 0.07 $ (0.79) $ (2.02)
Diluted (in dollars per share) $ (0.21) $ 0.07 $ (0.79) $ (2.02)
Passenger        
Revenues [Abstract]        
Total operating revenues $ 2,179 $ 2,265 $ 4,149 $ 4,319
Other        
Revenues [Abstract]        
Total operating revenues $ 177 $ 163 $ 347 $ 318