Comprehensive income includes changes in the fair value of certain financial derivative instruments that qualified for hedge accounting and actuarial gains/losses arising from the Company’s postretirement benefit obligation. The Company terminated its remaining portfolio of fuel hedging contracts during second quarter 2025, which were scheduled to settle through 2027, to effectively close its fuel hedging portfolio and program. See Note 3. The differences between Net income and Comprehensive income for the three and nine months ended September 30, 2026 and 2025 were as follows:


	Three months ended September 30,
(in millions)	2026			2025
NET INCOME	$	270		$	54
Unrealized loss on fuel derivative instruments, net of deferred taxes of $7 and $8	22		(a)	28		(a)

Other, net of deferred taxes of $2 and $1	8			1
Total other comprehensive income	$	30		$	29
COMPREHENSIVE INCOME	$	300		$	83

(a) Includes reclassification adjustments from AOCI into Aircraft fuel and related taxes expense associated with hedges previously terminated.


	Nine months ended September 30,
(in millions)	2026			2025
NET INCOME	$	730		$	118
Unrealized loss on fuel derivative instruments, net of deferred taxes of $20 and $5	66		(a)	15		(a)

Other, net of deferred taxes of $3 and $1	10			4
Total other comprehensive income	$	76		$	19
COMPREHENSIVE INCOME	$	806		$	137

(a) Includes reclassification adjustments from AOCI into Aircraft fuel and related taxes expense associated with hedges previously terminated.

A rollforward of the amounts included in AOCI, net of taxes, is shown below for the three and nine months ended September 30, 2026:


(in millions)	Fuel derivatives		Defined benefit plan items		Other		Deferred tax impact		Accumulated other comprehensive income (loss)
Balance at June 30, 2026	$	(79)	$	106	$	1	$	(6)	$	22
Changes in fair value	—		—		9		(2)		7
Reclassification to earnings	29		—		1		(7)		23
Balance at September 30, 2026	$	(50)	$	106	$	11	$	(15)	$	51


(in millions)	Fuel derivatives		Defined benefit plan items		Other			Deferred tax impact		Accumulated other comprehensive income (loss)
Balance at December 31, 2025	$	(137)	$	106	$	(1)		$	8	$	(24)
Changes in fair value	—		—		9			(2)		7
Reclassification to earnings	86		—		4		(a)	(21)		69
Balance at September 30, 2026	$	(50)	$	106	$	11		$	(15)	$	51

The following tables illustrate the significant amounts reclassified out of each component of AOCI for the three and nine months ended September 30, 2026:


Three months ended September 30, 2026

(in millions)	Amounts reclassified from AOCI		Affected line item in the unaudited Condensed Consolidated Statement of Comprehensive Income
AOCI components
Unrealized loss on fuel derivative instruments	$	29	Aircraft fuel and related taxes

	7		Less: Tax expense
	$	22	Net of tax
Other	$	2	Other operating expenses
	(1)		Interest expense
	—		Less: Tax expense
	$	1	Net of tax







Total reclassifications for the period	$	23	Net of tax


Nine months ended September 30, 2026

(in millions)	Amounts reclassified from AOCI		Affected line item in the unaudited Condensed Consolidated Statement of Comprehensive Income
AOCI components
Unrealized loss on fuel derivative instruments	$	86	Aircraft fuel and related taxes

	20		Less: Tax expense
	$	66	Net of tax
Other	$	5	Other operating expenses
	(1)		Interest expense
	1		Less: Tax expense
	$	3	Net of tax

Total reclassifications for the period	$	69	Net of tax