Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | |||
|---|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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| Operating Revenue: | |||||
| Total operating revenue | $ 16,658 | $ 15,578 | $ 30,406 | $ 28,337 | |
| Operating Expense: | |||||
| Salaries and related costs | 4,012 | 3,692 | 7,803 | 7,078 | |
| Aircraft fuel and related taxes | 2,813 | 2,516 | 5,410 | 5,192 | |
| Ancillary businesses and refinery | 1,463 | 1,173 | 2,833 | 2,298 | |
| Contracted services | 1,041 | 994 | 2,065 | 2,004 | |
| Landing fees and other rents | 766 | 617 | 1,515 | 1,201 | |
| Aircraft maintenance materials and outside repairs | 684 | 614 | 1,363 | 1,199 | |
| Depreciation and amortization | 620 | 573 | 1,235 | 1,137 | |
| Passenger commissions and other selling expenses | 672 | 651 | 1,222 | 1,152 | |
| Regional carrier expense | 580 | 559 | 1,130 | 1,117 | |
| Passenger service | 463 | 442 | 876 | 859 | |
| Profit sharing | 519 | 595 | 644 | 667 | |
| Aircraft rent | 138 | 132 | 274 | 264 | |
| Pilot agreement and related expenses | 0 | 0 | 0 | 864 | |
| Other | 620 | 529 | 1,155 | 1,090 | |
| Total operating expense | 14,391 | 13,087 | 27,525 | 26,122 | |
| Operating Income | 2,267 | 2,491 | 2,881 | 2,215 | |
| Non-Operating Expense: | |||||
| Interest expense, net | (188) | (203) | (394) | (430) | |
| Gain/(loss) on investments, net | (196) | 128 | (423) | 251 | |
| Loss on extinguishment of debt | (32) | (29) | (36) | (50) | |
| Miscellaneous, net | (78) | (70) | (133) | (174) | |
| Total non-operating expense, net | (494) | (174) | (986) | (403) | |
| Income Before Income Taxes | 1,773 | 2,317 | 1,895 | 1,812 | |
| Income Tax Provision | (468) | (490) | (553) | (348) | |
| Net Income | $ 1,305 | $ 1,827 | $ 1,342 | $ 1,464 | |
| Basic Earnings Per Share (USD per share) | $ 2.04 | $ 2.86 | $ 2.10 | $ 2.29 | |
| Diluted Earnings Per Share (USD per share) | $ 2.01 | $ 2.84 | $ 2.08 | $ 2.28 | |
| Comprehensive Income | $ 1,358 | $ 1,872 | $ 1,447 | $ 1,556 | |
| Passenger | |||||
| Operating Revenue: | |||||
| Total operating revenue | 13,841 | 13,205 | 24,972 | 23,616 | |
| Cargo | |||||
| Operating Revenue: | |||||
| Total operating revenue | 199 | 172 | 377 | 381 | |
| Other | |||||
| Operating Revenue: | |||||
| Total operating revenue | $ 2,618 | $ 2,201 | $ 5,057 | $ 4,340 | |
| X | ||||||||||
- Definition Ancillary Businesses And Refinery Expenses No definition available.
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- Definition Pilot Agreement And Related Expenses No definition available.
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- Definition Maintenance costs incurred and directly related to services rendered by an entity during the reporting period. Includes the cost of inspections and repairs, materials and routine maintenance costs for all aircraft and engines. No definition available.
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- Definition Expenses incurred related to the lease of aircraft from outside third parties that are used in the entity's business operations. No definition available.
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- Definition Costs incurred related to air services provided by third-party transportation companies, including regional affiliates. No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Cost of food and beverage catering for passengers. No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of unrealized and realized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Fuel costs incurred that are directly related to goods produced and sold and services rendered during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Direct costs incurred at airports in which the entity conducts flight operations. The costs primarily consist of fees paid to the airport authority for takeoff and landing, gate space and facilities, allocations of common space such as security and other terminal costs and fuel storage facilities. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The total amount of other operating cost and expense items that are associated with the entity's normal revenue producing operation. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of labor-related expenses classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Professional and contract service expense includes cost reimbursements for support services related to contracted projects, outsourced management, technical and staff support. No definition available.
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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