v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Net Cash Provided by Operating Activities    
Net Cash Provided by Operating Activities $ 4,027 $ 4,235
Property and equipment additions:    
Flight equipment, including advance payments (2,244) (1,983)
Ground property and equipment, including technology (414) (450)
Acquisition of strategic investments and related (105) 0
Other, net (12) 10
Net cash used in investing activities (2,775) (2,423)
Cash Flows from Financing Activities:    
Proceeds from short-term obligations 1,250 0
Proceeds from long-term obligations 103 1,998
Payments on debt and finance lease obligations (2,100) (3,472)
Cash dividends (252) (196)
Other, net 19 (34)
Net cash used in financing activities (980) (1,704)
Net Increase in Cash, Cash Equivalents and Restricted Cash Equivalents 272 108
Cash, cash equivalents and restricted cash equivalents at beginning of period 4,501 3,421
Cash, cash equivalents and restricted cash equivalents at end of period 4,773 3,529
Non-Cash Transactions:    
Operating leases converted to finance leases 562 312
Right-of-use assets acquired or modified under operating leases 279 53
Flight and ground equipment acquired or modified under finance leases 18 0
Debt agreements modified 482 0
Current assets:    
Cash and cash equivalents 4,665 3,331
Restricted cash included in prepaid expenses and other 86 96
Noncurrent assets:    
Restricted cash included in other noncurrent assets 22 102
Total cash, cash equivalents and restricted cash equivalents $ 4,773 $ 3,529