v3.26.1
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating Revenue:        
Total operating revenue $ 19,757 $ 16,648 $ 35,611 $ 30,688
Operating Expense:        
Salaries and related costs 4,762 4,402 9,302 8,485
Aircraft fuel and related taxes 4,109 2,458 6,851 4,869
Refinery expense 2,091 1,141 3,745 2,203
Contracted services 1,263 1,155 2,452 2,276
Landing fees and other rents 978 878 1,891 1,729
Aircraft maintenance materials and outside repairs 689 591 1,397 1,237
Regional carrier expense 673 651 1,322 1,264
Passenger commissions and other selling expenses 726 673 1,316 1,224
Depreciation and amortization 656 602 1,291 1,209
Passenger service 489 482 918 912
MRO expense 273 229 601 369
Profit sharing 328 470 493 594
Aircraft rent 168 137 311 274
Other 688 677 1,356 1,372
Total operating expense 17,893 14,546 33,246 28,017
Operating Income 1,864 2,102 2,365 2,671
Non-Operating Income/(Expense):        
Interest expense, net (144) (172) (296) (350)
Gain/(loss) on investments, net 349 735 (202) 696
Loss on extinguishment of debt (1) (20) (5) (20)
Miscellaneous, net (59) (71) (68) (102)
Total non-operating income/(expense), net 145 472 (571) 224
Income Before Income Taxes 2,009 2,574 1,794 2,895
Income Tax Provision (405) (444) (479) (525)
Net Income $ 1,604 $ 2,130 $ 1,315 $ 2,370
Basic Earnings Per Share (USD per share) $ 2.45 $ 3.28 $ 2.01 $ 3.66
Diluted Earnings Per Share (USD per share) $ 2.44 $ 3.27 $ 2.00 $ 3.63
Comprehensive Income $ 1,635 $ 2,169 $ 1,376 $ 2,450
Passenger        
Operating Revenue:        
Total operating revenue 15,607 13,867 27,909 25,347
Cargo        
Operating Revenue:        
Total operating revenue 294 212 521 421
Other        
Operating Revenue:        
Total operating revenue $ 3,856 $ 2,569 $ 7,181 $ 4,920