v3.25.3
Condensed Consolidated Statement of Comprehensive Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
OPERATING REVENUES:        
Total operating revenues $ 6,949 $ 6,870 $ 20,621 $ 20,553
OPERATING EXPENSES:        
Salaries, wages, and benefits 3,219 3,070 9,583 9,010
Fuel and oil 1,331 1,417 3,907 4,548
Maintenance materials and repairs 299 335 921 1,046
Landing fees and airport rentals 548 493 1,638 1,468
Depreciation and amortization 394 438 1,189 1,250
Other operating expenses 1,123 1,079 3,346 3,188
Total operating expenses 6,914 6,832 20,584 20,510
OPERATING INCOME 35 38 37 43
NON-OPERATING EXPENSES (INCOME):        
Interest expense 35 63 120 191
Capitalized interest (13) (9) (38) (24)
Interest income (34) (121) (172) (392)
Other (gains) losses, net (21) 16 (28) (1)
Total non-operating income (33) (51) (118) (226)
INCOME BEFORE INCOME TAXES 68 89 155 269
PROVISION FOR INCOME TAXES 14 22 37 65
NET INCOME $ 54 $ 67 $ 118 $ 204
NET INCOME PER SHARE, BASIC (in dollars per share) $ 0.10 $ 0.11 $ 0.21 $ 0.34
NET INCOME PER SHARE, DILUTED (in dollars per share) $ 0.10 $ 0.11 $ 0.21 $ 0.34
COMPREHENSIVE INCOME $ 83 $ 19 $ 137 $ 167
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (in shares) 523 599 548 598
Diluted (in shares) 526 601 551 643
Passenger        
OPERATING REVENUES:        
Total operating revenues $ 6,313 $ 6,250 $ 18,751 $ 18,673
Freight        
OPERATING REVENUES:        
Total operating revenues 42 43 127 131
Other        
OPERATING REVENUES:        
Total operating revenues $ 594 $ 577 $ 1,743 $ 1,749