v3.26.3
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Operating Revenue:        
Total operating revenue $ 20,186 $ 16,673 $ 55,797 $ 47,361
Operating Expense:        
Salaries and related costs 4,822 4,443 14,124 12,928
Aircraft fuel and related taxes 4,351 2,570 11,202 7,439
Refinery expense 2,601 1,476 6,346 3,679
Contracted services 1,277 1,166 3,729 3,442
Landing fees and other rents 1,021 921 2,912 2,650
Aircraft maintenance materials and outside repairs 662 667 2,059 1,904
Passenger commissions and other selling expenses 703 645 2,019 1,869
Regional carrier expense 680 649 2,001 1,913
Depreciation and amortization 673 614 1,964 1,823
Passenger service 494 485 1,411 1,397
Profit sharing 389 392 882 986
MRO expense 267 212 868 581
Aircraft rent 159 135 469 408
Other 633 614 1,992 1,987
Total operating expense 18,732 14,989 51,978 43,006
Operating Income 1,454 1,684 3,819 4,355
Non-Operating Income/(Expense):        
Interest expense, net (146) (171) (442) (521)
Gain/(loss) on investments, net (218) 311 (419) 1,007
Gain/(loss) on extinguishment of debt 2 (6) (3) (26)
Miscellaneous, net (18) (41) (87) (143)
Total non-operating income/(expense), net (380) 93 (951) 317
Income Before Income Taxes 1,074 1,777 2,868 4,672
Income Tax Provision (318) (360) (798) (886)
Net Income $ 756 $ 1,417 $ 2,070 $ 3,786
Basic Earnings Per Share (USD per share) $ 1.15 $ 2.18 $ 3.17 $ 5.85
Diluted Earnings Per Share (USD per share) $ 1.15 $ 2.17 $ 3.15 $ 5.80
Comprehensive income $ 787 $ 1,458 $ 2,162 $ 3,907
Passenger        
Operating Revenue:        
Total operating revenue 15,534 13,506 43,443 38,852
Cargo        
Operating Revenue:        
Total operating revenue 301 233 821 654
Other        
Operating Revenue:        
Total operating revenue $ 4,351 $ 2,934 $ 11,533 $ 7,855