v3.26.3
Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Operating revenues:        
Total operating revenues $ 1,355 $ 886 $ 3,626 $ 2,727
Operating expenses:        
Aircraft fuel 425 234 1,129 702
Salaries, wages and benefits 275 251 812 754
Aircraft rent 301 181 832 536
Station operations 218 173 607 531
Maintenance, materials and repairs 89 52 295 150
Sales and marketing 49 38 140 118
Depreciation and amortization 59 24 177 65
Other operating 47 10 122 69
Total operating expenses 1,463 963 4,114 2,925
Operating income (loss) (108) (77) (488) (198)
Other income (expense):        
Interest expense (12) (15) (34) (34)
Capitalized interest 5 10 19 26
Interest income and other 11 6 24 20
Total other income (expense) 4 1 9 12
Income (loss) before income taxes (104) (76) (479) (186)
Income tax expense (benefit) 0 1 (13) 4
Net income (loss) $ (104) $ (77) $ (466) $ (190)
Earnings (loss) per share:        
Basic (in dollars per share) $ (0.45) $ (0.34) $ (2.03) $ (0.84)
Diluted (in dollars per share) $ (0.45) $ (0.34) $ (2.03) $ (0.84)
Passenger        
Operating revenues:        
Total operating revenues $ 1,327 $ 854 $ 3,514 $ 2,636
Other        
Operating revenues:        
Total operating revenues $ 28 $ 32 $ 112 $ 91