v3.26.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating revenues:        
Total operating revenues $ 1,279 $ 929 $ 2,271 $ 1,841
Operating expenses:        
Aircraft fuel 436 230 704 468
Salaries, wages and benefits 266 254 537 503
Aircraft rent 266 194 531 355
Station operations 197 178 389 358
Maintenance, materials and repairs 64 47 206 98
Sales and marketing 48 39 91 80
Depreciation and amortization 56 21 118 41
Other operating 43 41 75 59
Total operating expenses 1,376 1,004 2,651 1,962
Operating income (loss) (97) (75) (380) (121)
Other income (expense):        
Interest expense (10) (10) (22) (19)
Capitalized interest 6 8 14 16
Interest income and other 7 7 13 14
Total other income (expense) 3 5 5 11
Income (loss) before income taxes (94) (70) (375) (110)
Income tax expense (benefit) (4) 0 (13) 3
Net income (loss) $ (90) $ (70) $ (362) $ (113)
Earnings (loss) per share:        
Basic (in dollars per share) $ (0.39) $ (0.31) $ (1.58) $ (0.50)
Diluted (in dollars per share) $ (0.39) $ (0.31) $ (1.58) $ (0.50)
Passenger        
Operating revenues:        
Total operating revenues $ 1,235 $ 898 $ 2,187 $ 1,782
Other        
Operating revenues:        
Total operating revenues $ 44 $ 31 $ 84 $ 59