v3.25.4
Consolidated Statements of Operations - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating Revenue:      
Total operating revenue $ 63,364 $ 61,643 $ 58,048
Operating Expense:      
Salaries and related costs 17,520 16,161 14,607
Aircraft fuel and related taxes 9,819 10,566 11,069
Ancillary businesses and refinery 5,987 5,416 4,172
Contracted services 4,617 4,228 4,041
Landing fees and other rents 3,564 3,150 2,563
Regional carrier expense 2,553 2,328 2,200
Passenger commissions and other selling expenses 2,485 2,485 2,334
Depreciation and amortization 2,443 2,513 2,341
Aircraft maintenance materials and outside repairs 2,432 2,616 2,432
Passenger service 1,855 1,788 1,750
Profit sharing 1,337 1,389 1,383
Aircraft rent 542 548 532
Pilot agreement and related expenses 0 0 864
Other 2,388 2,460 2,239
Total operating expense 57,542 55,648 52,527
Operating Income 5,822 5,995 5,521
Non-Operating Income/(Expense):      
Interest expense, net (679) (747) (834)
Gain/(loss) on investments, net 1,212 (319) 1,263
Loss on extinguishment of debt (26) (39) (63)
Miscellaneous, net (144) (232) (279)
Total non-operating income/(expense), net 363 (1,337) 87
Income Before Income Taxes 6,185 4,658 5,608
Income Tax Provision (1,180) (1,201) (999)
Net Income $ 5,005 $ 3,457 $ 4,609
Basic Earnings Per Share (USD per share) $ 7.72 $ 5.39 $ 7.21
Diluted Earnings Per Share (USD per share) $ 7.66 $ 5.33 $ 7.17
Passenger      
Operating Revenue:      
Total operating revenue $ 51,768 $ 50,894 $ 48,909
Cargo      
Operating Revenue:      
Total operating revenue 900 822 723
Other      
Operating Revenue:      
Total operating revenue $ 10,696 $ 9,927 $ 8,416