v3.26.3
Financial Derivative Instruments (Tables)
 9 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income
The Company recorded expenses associated with fuel derivative contracts that settled during the nine months ended September 30, 2025 and for amounts that remain in Accumulated Other Comprehensive Income ("AOCI") associated with previously terminated hedges during the three and nine months ended September 30, 2026 and 2025. These expenses are reflected as a component of Aircraft fuel and related taxes expense within the unaudited Condensed Consolidated Statement of Comprehensive Income:

Location and amount reclassified from AOCI into income on cash flow hedging relationships
Three months endedNine months ended
Income Statement September 30,September 30,
(in millions)location2026202520262025
Fuel derivative contracts (gross)Aircraft fuel and related taxes$29 $36 $86 $110 
Derivatives designated and qualified in cash flow hedging relationships
Loss recognized in AOCI on derivatives, net of tax
Three months endedNine months ended
September 30,September 30,
(in millions)2026202520262025
Fuel derivative contracts$— $— $— $69 
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value The following table presents the location of the Company’s interest rate derivative instruments within the unaudited Condensed Consolidated Balance Sheet:
Derivatives designated as hedges
Liability derivatives
Balance SheetFair value atFair value at
(in millions)location9/30/202612/31/2025
Interest rate derivative contractsOther noncurrent liabilities66 16