Alaska Air Group, Inc(NYSE:ALK) 
Alaska Air Group, Inc., through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It flies to approximately 115 destinations throughout the United States and North America. The company was founded...
Website: http://www.alaskaair.com
Founded: 1932
Full Time Employees: 18,112
Sector: Industrials
Industry: Airlines
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Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2021-12-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2013-03-31 | 2010-03-31 | 2009-08-06 | 2009-05-08 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating revenue | |||||||||||||||||||||||||||||||||||||||||||||
passenger revenue | 3,248,000,000 | 3,424,000,000 | 3,355,000,000 | 3,178,000,000 | 2,821,000,000 | 2,651,000,000 | 2,326,000,000 | 2,618,000,000 | 2,598,000,000 | 2,264,000,000 | 2,615,000,000 | 2,418,000,000 | 657,000,000 | 572,000,000 | 309,000,000 | 1,481,000,000 | 2,057,000,000 | 2,211,000,000 | 2,111,000,000 | 1,716,000,000 | 1,907,000,000 | 2,043,000,000 | 1,997,000,000 | ||||||||||||||||||||||
loyalty program other revenue | 238,000,000 | 200,000,000 | 210,000,000 | 224,000,000 | 171,000,000 | ||||||||||||||||||||||||||||||||||||||||
cargo and other revenue | 146,000,000 | 142,000,000 | 139,000,000 | 132,000,000 | 80,000,000 | 72,000,000 | 62,000,000 | 62,000,000 | 70,000,000 | ||||||||||||||||||||||||||||||||||||
total operating revenue | 3,632,000,000 | 3,766,000,000 | 3,704,000,000 | 3,534,000,000 | 3,072,000,000 | 2,897,000,000 | 2,553,000,000 | 2,839,000,000 | 2,838,000,000 | ||||||||||||||||||||||||||||||||||||
operating expenses | |||||||||||||||||||||||||||||||||||||||||||||
wages and benefits | 1,245,000,000 | 1,226,000,000 | 1,165,000,000 | 1,119,000,000 | 883,000,000 | 782,000,000 | 782,000,000 | 782,000,000 | 754,000,000 | 709,000,000 | 686,000,000 | 639,000,000 | 474,000,000 | 495,000,000 | 472,000,000 | 612,000,000 | 638,000,000 | 608,000,000 | 567,000,000 | 557,000,000 | 561,000,000 | 549,000,000 | 544,000,000 | 264,000,000 | 239,300,000 | 247,100,000 | 246,000,000 | 232,500,000 | 232,100,000 | 234,400,000 | 242,400,000 | 243,200,000 | 241,100,000 | 236,600,000 | 237,000,000 | 240,800,000 | 238,600,000 | 234,400,000 | 223,200,000 | 230,100,000 | 221,500,000 | 227,300,000 | 244,700,000 | ||
variable incentive pay | 74,000,000 | 71,000,000 | 61,000,000 | 161,000,000 | 104,000,000 | 49,000,000 | 51,000,000 | 45,000,000 | 57,000,000 | 117,000,000 | 48,000,000 | 56,000,000 | 65,000,000 | 42,000,000 | 16,000,000 | 7,000,000 | 38,000,000 | 46,000,000 | 44,000,000 | 35,000,000 | 43,000,000 | 27,000,000 | 38,000,000 | 21,000,000 | 17,900,000 | 18,900,000 | 9,300,000 | 6,400,000 | 6,300,000 | 5,100,000 | 3,600,000 | 3,600,000 | 2,900,000 | 3,800,000 | 10,500,000 | 12,700,000 | 5,000,000 | 10,600,000 | 8,500,000 | ||||||
aircraft fuel, including hedging gains and losses | 737,000,000 | 761,000,000 | 700,000,000 | 702,000,000 | 624,000,000 | 615,000,000 | 709,000,000 | 694,000,000 | 573,000,000 | 668,000,000 | 877,000,000 | 776,000,000 | 155,000,000 | 125,000,000 | 59,000,000 | 384,000,000 | 470,000,000 | 486,000,000 | 502,000,000 | 420,000,000 | 539,000,000 | 513,000,000 | 475,000,000 | 381,000,000 | 207,300,000 | 128,400,000 | 157,700,000 | 358,800,000 | 575,600,000 | 182,000,000 | 282,000,000 | 220,500,000 | 243,100,000 | 227,800,000 | 184,900,000 | 219,800,000 | 290,800,000 | 199,800,000 | 163,100,000 | ||||||
aircraft maintenance | 214,000,000 | 238,000,000 | 240,000,000 | 229,000,000 | 140,000,000 | 129,000,000 | 121,000,000 | 118,000,000 | 125,000,000 | 93,000,000 | 92,000,000 | 104,000,000 | 77,000,000 | 84,000,000 | 45,000,000 | 115,000,000 | 96,000,000 | 106,000,000 | 115,000,000 | 120,000,000 | 115,000,000 | 107,000,000 | 106,000,000 | 66,000,000 | 57,000,000 | 59,600,000 | 59,700,000 | 49,200,000 | 47,400,000 | 54,200,000 | 58,000,000 | 65,100,000 | 59,200,000 | 59,000,000 | 58,500,000 | 62,100,000 | 49,600,000 | 57,800,000 | 61,200,000 | 53,900,000 | 55,200,000 | 58,200,000 | 61,200,000 | ||
aircraft rent | 60,000,000 | 64,000,000 | 64,000,000 | 65,000,000 | 49,000,000 | 46,000,000 | 47,000,000 | 48,000,000 | 54,000,000 | 69,000,000 | 76,000,000 | 73,000,000 | 70,000,000 | 74,000,000 | 74,000,000 | 81,000,000 | 84,000,000 | 82,000,000 | 82,000,000 | 83,000,000 | 82,000,000 | 82,000,000 | 77,000,000 | 30,000,000 | 37,000,000 | 39,100,000 | 38,000,000 | 37,000,000 | 40,200,000 | 42,300,000 | 43,600,000 | 45,200,000 | 45,200,000 | 44,700,000 | 43,300,000 | 43,600,000 | 43,900,000 | 46,100,000 | 46,600,000 | 47,000,000 | 46,900,000 | 47,000,000 | 46,100,000 | ||
landing fees and other rentals | 284,000,000 | 305,000,000 | 278,000,000 | 249,000,000 | 194,000,000 | 173,000,000 | 178,000,000 | 183,000,000 | 167,000,000 | 146,000,000 | 161,000,000 | 136,000,000 | 94,000,000 | 109,000,000 | 83,000,000 | 131,000,000 | 143,000,000 | 143,000,000 | 113,000,000 | 132,000,000 | 128,000,000 | 135,000,000 | 110,000,000 | 60,000,000 | 55,900,000 | 54,400,000 | 54,200,000 | 54,000,000 | 56,800,000 | 56,900,000 | 56,000,000 | 56,700,000 | 58,100,000 | 56,500,000 | 54,700,000 | 51,600,000 | 52,900,000 | 52,000,000 | 49,000,000 | 51,900,000 | 52,400,000 | 51,900,000 | 52,200,000 | ||
contracted services | 148,000,000 | 151,000,000 | 146,000,000 | 133,000,000 | 108,000,000 | 106,000,000 | 99,000,000 | 100,000,000 | 95,000,000 | 86,000,000 | 83,000,000 | 82,000,000 | 43,000,000 | 36,000,000 | 30,000,000 | 72,000,000 | 75,000,000 | 72,000,000 | 70,000,000 | 72,000,000 | 79,000,000 | 70,000,000 | 76,000,000 | 53,000,000 | 39,600,000 | 36,800,000 | 38,400,000 | 37,800,000 | 40,200,000 | 43,600,000 | 44,500,000 | 41,800,000 | 40,400,000 | 39,800,000 | 38,600,000 | 38,900,000 | 37,600,000 | 39,600,000 | 36,700,000 | 36,200,000 | 30,800,000 | 34,800,000 | 30,600,000 | ||
selling expenses | 95,000,000 | 107,000,000 | 105,000,000 | 106,000,000 | 82,000,000 | 84,000,000 | 72,000,000 | 84,000,000 | 81,000,000 | 77,000,000 | 82,000,000 | 78,000,000 | 20,750,000 | 24,000,000 | 4,000,000 | 55,000,000 | 59,000,000 | 77,000,000 | 87,000,000 | 72,000,000 | 61,250,000 | 79,000,000 | 88,000,000 | 38,000,000 | 33,600,000 | 35,300,000 | 25,000,000 | 26,800,000 | 41,700,000 | 44,100,000 | 34,500,000 | 37,700,000 | 42,700,000 | 41,100,000 | 39,000,000 | 36,700,000 | 44,700,000 | 46,400,000 | 40,000,000 | 38,200,000 | 44,300,000 | ||||
depreciation and amortization | 199,000,000 | 203,000,000 | 199,000,000 | 190,000,000 | 139,000,000 | 128,000,000 | 121,000,000 | 113,000,000 | 113,000,000 | 105,000,000 | 104,000,000 | 104,000,000 | 100,000,000 | 105,000,000 | 107,000,000 | 108,000,000 | 106,000,000 | 106,000,000 | 105,000,000 | 106,000,000 | 108,000,000 | 99,000,000 | 97,000,000 | 69,000,000 | 56,200,000 | 53,900,000 | 52,800,000 | 51,700,000 | 52,100,000 | 51,500,000 | 49,300,000 | 45,100,000 | 46,600,000 | 43,800,000 | 41,900,000 | 43,400,000 | 40,500,000 | 36,700,000 | 36,900,000 | 37,600,000 | 36,300,000 | 35,300,000 | 34,200,000 | ||
food and beverage service | 101,000,000 | 100,000,000 | 97,000,000 | 93,000,000 | 69,000,000 | 67,000,000 | 65,000,000 | 62,000,000 | 60,000,000 | 54,000,000 | 52,000,000 | 50,000,000 | 20,000,000 | 14,000,000 | 7,000,000 | 49,000,000 | 55,000,000 | 57,000,000 | 53,000,000 | 49,000,000 | 53,000,000 | 53,000,000 | 55,000,000 | 20,000,000 | 12,300,000 | 12,400,000 | 11,600,000 | 11,700,000 | 13,500,000 | 13,400,000 | 12,300,000 | 12,800,000 | 12,900,000 | 12,800,000 | 11,200,000 | 12,900,000 | 13,500,000 | 12,500,000 | 11,500,000 | 13,100,000 | 13,500,000 | 12,100,000 | 11,500,000 | ||
third-party regional carrier expense | 67,000,000 | 72,000,000 | 69,000,000 | 62,000,000 | 63,000,000 | 64,000,000 | 54,000,000 | 58,000,000 | 54,000,000 | 37,000,000 | 53,000,000 | 50,000,000 | 36,000,000 | 29,000,000 | 26,000,000 | 37,000,000 | 41,000,000 | 42,000,000 | 42,000,000 | 41,000,000 | 40,000,000 | 38,000,000 | 39,000,000 | ||||||||||||||||||||||
other | 294,000,000 | 256,000,000 | 247,000,000 | 261,000,000 | 202,000,000 | 186,000,000 | 185,000,000 | 185,000,000 | 182,000,000 | 181,000,000 | 207,000,000 | 177,000,000 | 97,000,000 | 89,000,000 | 78,000,000 | 143,000,000 | 148,000,000 | 137,000,000 | 136,000,000 | 138,000,000 | 149,000,000 | 141,000,000 | 141,000,000 | 67,000,000 | 47,800,000 | 50,300,000 | 56,800,000 | 51,500,000 | 52,700,000 | 61,500,000 | 57,200,000 | 62,800,000 | 55,700,000 | 57,100,000 | 54,900,000 | 53,600,000 | 55,600,000 | 53,200,000 | 52,800,000 | 51,900,000 | 51,900,000 | 53,100,000 | 51,400,000 | ||
special items - operating | 39,000,000 | 64,000,000 | 56,000,000 | 91,000,000 | 74,000,000 | 146,000,000 | |||||||||||||||||||||||||||||||||||||||
total operating expenses | 3,557,000,000 | 3,618,000,000 | 3,427,000,000 | 3,461,000,000 | 2,731,000,000 | 2,575,000,000 | 2,521,000,000 | 2,628,000,000 | 2,501,000,000 | 2,456,000,000 | 2,766,000,000 | 2,471,000,000 | 1,403,000,000 | 1,272,000,000 | 709,000,000 | 1,957,000,000 | 1,976,000,000 | 1,967,000,000 | 1,924,000,000 | 1,851,000,000 | 2,018,000,000 | 1,915,000,000 | 1,885,000,000 | 1,069,000,000 | 803,900,000 | 777,200,000 | 754,300,000 | 933,800,000 | 1,185,200,000 | 824,300,000 | 889,200,000 | 838,000,000 | 851,800,000 | 826,700,000 | 777,500,000 | 808,500,000 | 959,700,000 | 792,900,000 | 860,600,000 | 756,400,000 | 755,500,000 | 747,400,000 | 723,400,000 | ||
operating income | 75,000,000 | 148,000,000 | 277,000,000 | 73,000,000 | 341,000,000 | 322,000,000 | 32,000,000 | 211,000,000 | 337,000,000 | 23,000,000 | 62,000,000 | 187,000,000 | -595,000,000 | -571,000,000 | -288,000,000 | -321,000,000 | 252,000,000 | 422,000,000 | 364,000,000 | 25,000,000 | 46,000,000 | 297,000,000 | 271,000,000 | 64,000,000 | 26,000,000 | 66,700,000 | -11,900,000 | -106,700,000 | -120,000,000 | 106,500,000 | -49,700,000 | 9,100,000 | 143,300,000 | 77,700,000 | -18,200,000 | -24,000,000 | 80,100,000 | -125,200,000 | -25,800,000 | 90,200,000 | 9,100,000 | -80,900,000 | |||
yoy | -78.01% | -54.04% | 765.63% | -65.40% | 1.19% | 1300.00% | -48.39% | 12.83% | -103.87% | -110.86% | -164.93% | -336.11% | -235.31% | -179.12% | -1384.00% | 447.83% | 42.09% | 34.32% | -60.94% | 76.92% | 345.28% | -2377.31% | -159.98% | -121.67% | -37.37% | -76.06% | -1272.53% | -183.74% | 37.07% | -150.00% | -697.08% | -3.00% | -29.46% | -126.61% | 780.22% | 54.76% | |||||||||
qoq | -49.32% | -46.57% | 279.45% | -78.59% | 5.90% | 906.25% | -84.83% | -37.39% | 1365.22% | -62.90% | -66.84% | 4.20% | 98.26% | -10.28% | -227.38% | -40.28% | 15.93% | 1356.00% | -45.65% | -84.51% | 9.59% | 323.44% | 146.15% | -61.02% | -660.50% | -88.85% | -11.08% | -212.68% | -314.29% | -646.15% | -93.65% | 84.43% | -24.17% | -129.96% | -163.98% | 385.27% | -128.60% | 891.21% | -111.25% | ||||||
non-operating income | |||||||||||||||||||||||||||||||||||||||||||||
interest income | 23,000,000 | 23,000,000 | 22,000,000 | 32,000,000 | 28,000,000 | 24,000,000 | 18,000,000 | 23,000,000 | 22,000,000 | 18,000,000 | 17,000,000 | 11,000,000 | 8,000,000 | 7,000,000 | 7,000,000 | 9,000,000 | 11,000,000 | 11,000,000 | 11,000,000 | 9,000,000 | 9,000,000 | 11,000,000 | 10,000,000 | 4,000,000 | 7,500,000 | 7,800,000 | 8,300,000 | 10,900,000 | 10,700,000 | 10,500,000 | 10,300,000 | 11,900,000 | 13,800,000 | 13,800,000 | 14,400,000 | 14,900,000 | 14,200,000 | 14,100,000 | 11,100,000 | 9,300,000 | 8,600,000 | 7,100,000 | 5,900,000 | ||
interest expense | -70,000,000 | -70,000,000 | -66,000,000 | -56,000,000 | -44,000,000 | -36,000,000 | -31,000,000 | -34,000,000 | -28,000,000 | -24,000,000 | -31,000,000 | -26,000,000 | -34,000,000 | -34,000,000 | -17,000,000 | -13,000,000 | -18,000,000 | -18,000,000 | -20,000,000 | -22,000,000 | -20,000,000 | -22,000,000 | -25,000,000 | -16,000,000 | -25,600,000 | -25,100,000 | -26,800,000 | -28,000,000 | -25,900,000 | -25,000,000 | -23,400,000 | -21,700,000 | -22,800,000 | -22,500,000 | -20,400,000 | -20,400,000 | -18,100,000 | -19,100,000 | -17,500,000 | -16,100,000 | -15,300,000 | -14,100,000 | |||
interest capitalized | 8,000,000 | 8,000,000 | 9,000,000 | 10,000,000 | 7,000,000 | 6,000,000 | 6,000,000 | 7,000,000 | 7,000,000 | 6,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 4,000,000 | 1,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | 4,000,000 | 5,000,000 | 1,700,000 | 1,800,000 | 2,800,000 | 4,700,000 | 5,900,000 | 6,100,000 | 6,500,000 | 6,900,000 | 7,100,000 | 6,700,000 | 7,100,000 | 7,100,000 | 7,100,000 | 5,800,000 | 4,700,000 | 4,000,000 | 2,800,000 | 1,300,000 | 800,000 | ||
other - net | -6,000,000 | 2,000,000 | -4,000,000 | -750,000 | -3,000,000 | -17,000,000 | -6,000,000 | -7,000,000 | 12,000,000 | 14,000,000 | 10,000,000 | 129,000,000 | 58,500,000 | 61,500,000 | 38,900,000 | 30,200,000 | 39,600,000 | 39,600,000 | 41,600,000 | 31,200,000 | 41,600,000 | 40,800,000 | 42,400,000 | 27,725,000 | 37,500,000 | 38,900,000 | 34,500,000 | 41,000,000 | 42,200,000 | ||||||||||||||||
total non-operating expense | -45,000,000 | -37,000,000 | -39,000,000 | -7,750,000 | -13,000,000 | -6,000,000 | -12,000,000 | ||||||||||||||||||||||||||||||||||||||
income before income tax | 30,000,000 | 111,000,000 | 238,000,000 | 79,000,000 | 328,000,000 | 316,000,000 | 4,000,000 | 193,000,000 | 325,000,000 | 35,000,000 | 65,000,000 | 185,000,000 | -643,000,000 | -589,000,000 | -291,000,000 | -317,000,000 | 243,000,000 | 416,000,000 | 351,000,000 | 6,000,000 | 36,000,000 | 284,000,000 | 259,000,000 | 59,000,000 | 47,700,000 | -120,000,000 | -133,000,000 | 98,200,000 | 49,575,000 | 141,100,000 | 75,000,000 | 81,100,000 | 146,800,000 | 29,700,000 | |||||||||||
income tax expense | 9,000,000 | 38,000,000 | 66,000,000 | 8,000,000 | 92,000,000 | 96,000,000 | 6,000,000 | 54,000,000 | 85,000,000 | 13,000,000 | 25,000,000 | 46,000,000 | -196,000,000 | -158,000,000 | -77,000,000 | -85,000,000 | 62,000,000 | 94,000,000 | 89,000,000 | 2,000,000 | 13,000,000 | 67,000,000 | 66,000,000 | 22,000,000 | 4,900,000 | 18,600,000 | -44,800,000 | -46,500,000 | 35,100,000 | -100,000 | 55,300,000 | 28,900,000 | -5,000,000 | -5,500,000 | 25,600,000 | -50,300,000 | -23,300,000 | 56,600,000 | 12,300,000 | 7,100,000 | |||||
net income | 21,000,000 | 73,000,000 | 172,000,000 | 71,000,000 | 236,000,000 | 220,000,000 | -2,000,000 | 139,000,000 | 240,000,000 | 22,000,000 | 40,000,000 | 139,000,000 | -447,000,000 | -431,000,000 | -214,000,000 | -232,000,000 | 181,000,000 | 322,000,000 | 262,000,000 | 4,000,000 | 23,000,000 | 217,000,000 | 193,000,000 | 37,000,000 | 5,300,000 | 29,100,000 | -19,200,000 | -75,200,000 | -86,500,000 | 63,100,000 | -35,900,000 | 3,400,000 | 85,800,000 | 46,100,000 | -11,600,000 | -17,400,000 | 55,500,000 | -79,100,000 | -33,000,000 | 90,200,000 | 17,400,000 | -80,500,000 | |||
yoy | -91.10% | -66.82% | -8700.00% | -48.92% | -1.67% | 900.00% | -105.00% | 0.00% | -104.92% | -109.28% | -164.95% | -346.96% | -233.85% | -181.68% | -5900.00% | 686.96% | 48.39% | 35.75% | -89.19% | 333.96% | 645.70% | -1105.21% | -149.20% | -106.13% | -53.88% | -46.52% | -2311.76% | -200.82% | 36.88% | -129.31% | -593.10% | -16.94% | -64.85% | -119.29% | 218.97% | -1.74% | |||||||||
qoq | -71.23% | -57.56% | 142.25% | -69.92% | 7.27% | -11100.00% | -101.44% | -42.08% | 990.91% | -45.00% | -71.22% | 3.71% | 101.40% | -7.76% | -228.18% | -43.79% | 22.90% | 6450.00% | -82.61% | -89.40% | 12.44% | 421.62% | 598.11% | -81.79% | -251.56% | -74.47% | -13.06% | -237.08% | -275.77% | -1155.88% | -96.04% | 86.12% | -33.33% | -131.35% | -170.16% | 139.70% | -136.59% | 418.39% | -121.61% | ||||||
basic earnings per share: | 0.165 | 0.63 | 1.45 | 0.643 | 1.87 | 1.74 | 0.465 | 1.09 | 1.88 | 0.07 | 0.32 | 1.1 | -1.78 | -3.49 | -1.74 | -1.89 | 1.19 | 2.61 | 2.12 | 0.03 | 0.84 | 1.76 | 1.57 | 0.52 | 0.15 | 0.8 | -2.07 | -2.4 | 1.75 | 0.753 | 2.12 | 1.14 | |||||||||||||
diluted earnings per share: | 0.163 | 0.62 | 1.42 | 0.63 | 1.84 | 1.71 | 0.46 | 1.08 | 1.86 | 0.07 | 0.31 | 1.09 | -1.78 | -3.49 | -1.73 | -1.87 | 1.185 | 2.6 | 2.11 | 0.03 | 0.835 | 1.75 | 1.56 | 0.51 | 0.15 | 0.79 | -2.07 | -2.4 | 1.74 | 0.743 | 2.11 | 1.13 | |||||||||||||
weighted-average shares outstanding used for computation: | |||||||||||||||||||||||||||||||||||||||||||||
basic | 118.171 | 115.287 | 118.847 | 126.136 | 126.189 | 126.337 | |||||||||||||||||||||||||||||||||||||||
diluted | 119.926 | 117.5 | 120.93 | 128.372 | 128.59 | 128.31 | |||||||||||||||||||||||||||||||||||||||
special items - net non-operating | 17,000,000 | -1,000,000 | -4,000,000 | -8,000,000 | -6,000,000 | ||||||||||||||||||||||||||||||||||||||||
mileage plan other revenue | 174,000,000 | 165,000,000 | 159,000,000 | 170,000,000 | 157,000,000 | 146,000,000 | 175,000,000 | 108,000,000 | 84,000,000 | 73,000,000 | 109,000,000 | 119,000,000 | 118,000,000 | 118,000,000 | 110,000,000 | 105,000,000 | 114,000,000 | 108,000,000 | |||||||||||||||||||||||||||
special items - fleet transition and other | 37,000,000 | 156,000,000 | 186,000,000 | ||||||||||||||||||||||||||||||||||||||||||
special items - labor and related | |||||||||||||||||||||||||||||||||||||||||||||
total non-operating income | -28,000,000 | -18,000,000 | 12,000,000 | 3,000,000 | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||
shares used for computation: | |||||||||||||||||||||||||||||||||||||||||||||
basic | 127.187 | 127.44 | 0.217 | 126.783 | 126.543 | 0.195 | 123.647 | 123.296 | 122.818 | -0.051 | 123.28 | 123.418 | 123.291 | 0.014 | 123.224 | 123.268 | 70.431 | 35.667 | 36.354 | -0.04 | 36.069 | 36.059 | -0.308 | 40.483 | 40.45 | 0.767 | 39.954 | 38.028 | 33.464 | 0.335 | 27.502 | 27.2 | 27.147 | ||||||||||||
diluted | -0.377 | 129.188 | 128.919 | -0.188 | 128.37 | 127.795 | 0.195 | 123.647 | 123.965 | 124.123 | 0.238 | 124.067 | 124.301 | 123.915 | 0.171 | 123.864 | 124.036 | 71.414 | 36.393 | 36.591 | -0.04 | 36.069 | 36.255 | -0.475 | 40.715 | 40.782 | 0.767 | 39.954 | 40.076 | 33.464 | 0.394 | 33.857 | 33.273 | 33.158 | |||||||||||
operating revenues | |||||||||||||||||||||||||||||||||||||||||||||
cargo and other | 47,500,000 | 67,000,000 | 65,000,000 | 43,000,000 | 45,000,000 | 39,000,000 | 46,000,000 | 52,000,000 | 60,000,000 | 59,000,000 | 50,000,000 | 52,000,000 | 55,000,000 | 51,000,000 | |||||||||||||||||||||||||||||||
total operating revenues | 1,791,750,000 | 2,828,000,000 | 2,658,000,000 | 808,000,000 | 701,000,000 | 421,000,000 | 1,636,000,000 | 2,228,000,000 | 2,389,000,000 | 2,288,000,000 | 1,876,000,000 | 2,064,000,000 | 2,212,000,000 | 2,156,000,000 | 1,133,000,000 | 829,900,000 | 843,900,000 | 742,400,000 | 827,100,000 | 1,065,200,000 | 930,800,000 | 839,500,000 | 847,100,000 | 995,100,000 | 904,400,000 | 759,400,000 | 790,300,000 | 935,700,000 | 873,000,000 | 735,400,000 | 730,600,000 | 845,700,000 | 756,500,000 | 642,500,000 | |||||||||||
payroll support program grant wage offset | -22,000,000 | -398,000,000 | -362,000,000 | ||||||||||||||||||||||||||||||||||||||||||
special items - fleet transition | 94,000,000 | 155,000,000 | |||||||||||||||||||||||||||||||||||||||||||
special items - labor ratification bonus | 22,500,000 | 90,000,000 | |||||||||||||||||||||||||||||||||||||||||||
special items - restructuring | |||||||||||||||||||||||||||||||||||||||||||||
special items - fleet transition and related charges | 146,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
special items - restructuring charges | -102,000,000 | 322,000,000 | |||||||||||||||||||||||||||||||||||||||||||
special items - merger-related costs | 1,000,000 | 1,000,000 | 1,000,000 | 3,000,000 | 5,000,000 | 5,000,000 | 8,000,000 | 26,000,000 | |||||||||||||||||||||||||||||||||||||
special items - impairment charges and other | 277,000,000 | 121,000,000 | 69,000,000 | 160,000,000 | |||||||||||||||||||||||||||||||||||||||||
nonoperating income | |||||||||||||||||||||||||||||||||||||||||||||
other—net | 4,000,000 | 5,000,000 | 6,000,000 | 5,000,000 | -5,000,000 | -3,000,000 | -7,000,000 | -10,000,000 | -3,000,000 | -7,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||
total nonoperating income | -4,250,000 | -18,000,000 | -3,000,000 | 4,000,000 | -9,500,000 | -6,000,000 | -13,000,000 | -19,000,000 | -12,000,000 | -13,000,000 | -12,000,000 | ||||||||||||||||||||||||||||||||||
special items - other | |||||||||||||||||||||||||||||||||||||||||||||
special items—merger-related costs | 16,750,000 | 22,000,000 | 39,000,000 | ||||||||||||||||||||||||||||||||||||||||||
special items—other | 6,250,000 | ||||||||||||||||||||||||||||||||||||||||||||
cash dividend declared per share: | 0.24 | 0.32 | 0.32 | ||||||||||||||||||||||||||||||||||||||||||
passenger | 748,400,000 | 757,200,000 | 684,100,000 | 763,800,000 | 952,800,000 | 863,500,000 | 775,700,000 | 778,000,000 | 926,500,000 | 836,200,000 | 695,800,000 | 724,600,000 | 871,500,000 | 807,400,000 | 679,500,000 | 666,800,000 | 777,400,000 | 697,500,000 | 587,000,000 | ||||||||||||||||||||||||||
mainline | 796,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
regional | 182,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
total passenger revenue | 978,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
freight and mail | 26,000,000 | 23,000,000 | 25,200,000 | 19,400,000 | 23,200,000 | 30,500,000 | 27,700,000 | 22,200,000 | 22,200,000 | 27,000,000 | 27,400,000 | 21,200,000 | 22,500,000 | 26,700,000 | 26,700,000 | 21,400,000 | 22,800,000 | 26,100,000 | 24,900,000 | 20,300,000 | |||||||||||||||||||||||||
fleet transition costs - q200 | 5,200,000 | 4,800,000 | 2,425,000 | 700,000 | 3,200,000 | ||||||||||||||||||||||||||||||||||||||||
income (loss) before income tax | 10,200,000 | ||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to condensed consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||
new pilot contract transition costs | 35,800,000 | ||||||||||||||||||||||||||||||||||||||||||||
fleet transition costs - md-80 | 11,875,000 | 21,500,000 | 26,000,000 | ||||||||||||||||||||||||||||||||||||||||||
fleet transition costs - crj-700 | 1,700,000 | 700,000 | 6,100,000 | ||||||||||||||||||||||||||||||||||||||||||
loss before income tax | -29,600,000 | -56,100,000 | |||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -10,400,000 | -20,200,000 | |||||||||||||||||||||||||||||||||||||||||||
basic and diluted loss per share: | -0.53 | -0.97 | |||||||||||||||||||||||||||||||||||||||||||
shares used for computation: | |||||||||||||||||||||||||||||||||||||||||||||
basic and diluted | 36.326 | 37.024 | 40.365 | ||||||||||||||||||||||||||||||||||||||||||
change in mileage plan terms | 42,300,000 | ||||||||||||||||||||||||||||||||||||||||||||
restructuring charges | 9,200,000 | 3,700,000 | -300,000 | -1,400,000 | 14,700,000 | ||||||||||||||||||||||||||||||||||||||||
fleet transition costs - horizon | 5,800,000 | 2,650,000 | 3,900,000 | 3,700,000 | |||||||||||||||||||||||||||||||||||||||||
fleet transition costs - alaska | |||||||||||||||||||||||||||||||||||||||||||||
restructuring charges and adjustments | -7,600,000 | 28,600,000 | 3,800,000 | ||||||||||||||||||||||||||||||||||||||||||
fleet transition costs, including impairment charge | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
fleet transition costs | 58,400,000 | ||||||||||||||||||||||||||||||||||||||||||||
income before income tax and accounting change | -16,600,000 | -22,900,000 | -129,400,000 | -56,300,000 | 17,000,000 | ||||||||||||||||||||||||||||||||||||||||
income before accounting change | -11,600,000 | -17,400,000 | -79,100,000 | -33,000,000 | 9,900,000 | ||||||||||||||||||||||||||||||||||||||||
cumulative effect of accounting change, net of tax | -90,400,000 | ||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of accounting change | 0.05 | -3.33 | |||||||||||||||||||||||||||||||||||||||||||
net income per share | -0.29 | -0.44 | -2.36 | 0.248 | -2.97 | ||||||||||||||||||||||||||||||||||||||||
basic earnings per share | 1.46 | 3.28 | 0.64 | ||||||||||||||||||||||||||||||||||||||||||
diluted earnings per share | 1.38 | 2.71 | 0.56 | ||||||||||||||||||||||||||||||||||||||||||
impairment of aircraft | 131,100,000 | ||||||||||||||||||||||||||||||||||||||||||||
aircraft fuel | 196,800,000 | 204,100,000 | 175,200,000 | 146,700,000 | |||||||||||||||||||||||||||||||||||||||||
fuel hedging gains | -24,700,000 | 62,900,000 | 27,500,000 | 108,200,000 | |||||||||||||||||||||||||||||||||||||||||
pro forma results | |||||||||||||||||||||||||||||||||||||||||||||
pro forma net income | |||||||||||||||||||||||||||||||||||||||||||||
pro forma basic earnings per share | |||||||||||||||||||||||||||||||||||||||||||||
pro forma diluted earnings per share | |||||||||||||||||||||||||||||||||||||||||||||
other — net | 34,100,000 | ||||||||||||||||||||||||||||||||||||||||||||
other selling expenses and commissions | 37,800,000 | 37,400,000 | |||||||||||||||||||||||||||||||||||||||||||
impairment of aircraft and related spare parts | |||||||||||||||||||||||||||||||||||||||||||||
pro forma basic and diluted income per share | |||||||||||||||||||||||||||||||||||||||||||||
other – net | 35,200,000 | ||||||||||||||||||||||||||||||||||||||||||||
restructuring charges, primarily write-off of oakland leasehold improvements | 7,400,000 | ||||||||||||||||||||||||||||||||||||||||||||
impairment of f-28 aircraft and spare engines | |||||||||||||||||||||||||||||||||||||||||||||
pro forma net loss | |||||||||||||||||||||||||||||||||||||||||||||
pro forma basic and diluted loss per share |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-03-31 | 2009-08-06 | 2009-05-08 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 | 2004-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 451,000,000 | 627,000,000 | 778,000,000 | 750,000,000 | 1,044,000,000 | 1,201,000,000 | 1,015,000,000 | 1,115,000,000 | 885,000,000 | 281,000,000 | 647,000,000 | 536,000,000 | 516,000,000 | 338,000,000 | 688,000,000 | 778,000,000 | 628,000,000 | 470,000,000 | 495,000,000 | 1,025,000,000 | 1,076,000,000 | 1,370,000,000 | 1,855,000,000 | 1,509,000,000 | 811,000,000 | 221,000,000 | 237,000,000 | 244,000,000 | 215,000,000 | 174,000,000 | 102,000,000 | 177,000,000 | 144,000,000 | 198,000,000 | 183,000,000 | 1,818,000,000 | 81,000,000 | 78,000,000 | 73,000,000 | 88,000,000 | 45,000,000 | 51,000,000 | 34,000,000 | 22,000,000 | 90,000,000 | 80,000,000 | 57,000,000 | 95,000,000 | 27,500,000 | 35,400,000 | 48,200,000 | 67,500,000 | 67,000,000 | 60,200,000 | 117,700,000 | 163,300,000 | 237,100,000 | 283,100,000 | 259,200,000 | 179,100,000 | 211,900,000 | 204,300,000 | 80,300,000 | 158,200,000 | 161,000,000 | 230,700,000 | 152,300,000 | 140,500,000 | 140,500,000 | 73,600,000 | 26,700,000 | 31,200,000 | 272,400,000 | 54,300,000 | |
restricted cash | 27,000,000 | 28,000,000 | 28,000,000 | 28,000,000 | 28,000,000 | 29,000,000 | 27,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
marketable securities | 1,317,000,000 | 1,496,000,000 | 1,494,000,000 | 1,374,000,000 | 1,420,000,000 | 1,274,000,000 | 1,490,000,000 | 1,394,000,000 | 1,393,000,000 | 1,510,000,000 | 1,804,000,000 | 1,906,000,000 | 1,913,000,000 | 2,079,000,000 | 2,462,000,000 | 2,647,000,000 | 2,262,000,000 | 2,646,000,000 | 2,700,000,000 | 2,926,000,000 | 2,473,000,000 | 1,976,000,000 | 1,904,000,000 | 1,294,000,000 | 1,314,000,000 | 1,300,000,000 | 1,382,000,000 | 1,383,000,000 | 1,221,000,000 | 1,223,000,000 | 1,466,000,000 | 1,351,000,000 | 1,596,000,000 | 1,724,000,000 | 1,527,000,000 | 1,408,000,000 | 1,526,000,000 | 1,486,000,000 | 1,255,000,000 | 1,170,000,000 | 1,147,000,000 | 1,261,000,000 | 1,309,000,000 | 1,488,000,000 | 1,330,000,000 | 1,250,000,000 | 1,372,000,000 | 1,170,000,000 | 1,158,100,000 | 1,150,000,000 | 1,093,000,000 | 1,198,300,000 | 1,086,500,000 | 982,300,000 | 1,053,500,000 | 958,500,000 | 805,900,000 | 794,300,000 | 808,200,000 | 826,900,000 | 709,900,000 | 618,500,000 | 807,700,000 | 829,500,000 | 809,100,000 | 783,200,000 | 955,400,000 | 962,900,000 | 871,100,000 | 909,000,000 | 719,000,000 | 694,900,000 | 491,100,000 | 819,600,000 | |
receivables - net | 630,000,000 | 565,000,000 | 586,000,000 | 737,000,000 | 569,000,000 | 558,000,000 | 510,000,000 | 370,000,000 | 384,000,000 | 383,000,000 | 341,000,000 | 351,000,000 | 340,000,000 | 296,000,000 | 345,000,000 | 401,000,000 | 658,000,000 | 546,000,000 | 536,000,000 | 567,000,000 | 517,000,000 | 480,000,000 | 321,000,000 | 280,000,000 | 279,000,000 | 323,000,000 | 377,000,000 | 232,000,000 | 254,000,000 | 235,000,000 | 205,000,000 | 194,000,000 | 187,000,000 | 178,000,000 | 203,000,000 | 212,000,000 | 195,000,000 | 188,000,000 | 185,400,000 | 169,400,000 | 168,300,000 | 137,300,000 | 156,500,000 | 113,500,000 | 143,000,000 | 165,000,000 | 158,800,000 | 156,800,000 | 189,100,000 | 158,300,000 | 145,800,000 | 157,100,000 | 139,500,000 | 130,100,000 | |||||||||||||||||||||
inventories and supplies - net | 232,000,000 | 203,000,000 | 229,000,000 | 218,000,000 | 206,000,000 | 199,000,000 | 202,000,000 | 106,000,000 | 104,000,000 | 116,000,000 | 122,000,000 | 107,000,000 | 105,000,000 | 104,000,000 | 94,000,000 | 93,000,000 | 78,000,000 | 62,000,000 | 62,000,000 | 52,000,000 | 57,000,000 | 57,000,000 | 57,000,000 | 56,000,000 | 68,000,000 | 72,000,000 | 63,000,000 | 44,000,000 | 45,000,000 | 45,000,000 | 51,000,000 | 52,000,000 | 58,000,000 | 52,000,000 | 64,000,000 | 61,000,000 | 58,000,000 | 60,000,000 | 59,000,000 | 61,000,000 | 52,500,000 | 47,800,000 | 45,300,000 | 49,100,000 | 43,600,000 | 43,400,000 | 83,500,000 | 59,700,000 | 47,000,000 | 51,800,000 | 55,100,000 | 47,800,000 | 52,400,000 | 43,400,000 | 44,400,000 | 48,100,000 | |||||||||||||||||||
prepaid expenses | 281,000,000 | 278,000,000 | 285,000,000 | 264,000,000 | 281,000,000 | 307,000,000 | 270,000,000 | 179,000,000 | 177,000,000 | 176,000,000 | 187,000,000 | 187,000,000 | 181,000,000 | 163,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current assets | 79,000,000 | 69,000,000 | 66,000,000 | 136,000,000 | 173,000,000 | 192,000,000 | 223,000,000 | 212,000,000 | 186,000,000 | 239,000,000 | 158,000,000 | 157,000,000 | 44,000,000 | 60,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current assets | 3,017,000,000 | 3,266,000,000 | 3,466,000,000 | 3,507,000,000 | 3,721,000,000 | 3,760,000,000 | 3,737,000,000 | 3,376,000,000 | 3,129,000,000 | 2,705,000,000 | 3,644,000,000 | 3,244,000,000 | 3,099,000,000 | 3,040,000,000 | 3,810,000,000 | 4,232,000,000 | 3,974,000,000 | 3,920,000,000 | 4,001,000,000 | 4,771,000,000 | 4,284,000,000 | 4,006,000,000 | 4,465,000,000 | 3,244,000,000 | 2,572,000,000 | 2,037,000,000 | 2,202,000,000 | 2,218,000,000 | 2,001,000,000 | 2,056,000,000 | 2,216,000,000 | 2,114,000,000 | 2,214,000,000 | 2,425,000,000 | 2,213,000,000 | 3,600,000,000 | 2,003,000,000 | 1,923,000,000 | 1,663,000,000 | 1,715,000,000 | 1,654,000,000 | 1,776,000,000 | 1,799,000,000 | 2,020,000,000 | 1,934,000,000 | 1,762,000,000 | 1,986,000,000 | 1,839,000,000 | 1,716,500,000 | 1,698,400,000 | 1,656,900,000 | 1,726,300,000 | 1,675,700,000 | 1,596,000,000 | 1,651,600,000 | 1,593,900,000 | 1,465,900,000 | 1,508,900,000 | 1,678,700,000 | 1,734,000,000 | 1,541,800,000 | 1,390,300,000 | 1,468,300,000 | 1,629,600,000 | 1,594,100,000 | 1,572,300,000 | 1,697,300,000 | 1,732,300,000 | 1,601,300,000 | 1,540,300,000 | 1,308,100,000 | 1,199,100,000 | 1,234,100,000 | 1,242,300,000 | |
property and equipment - net of accumulated depreciation and amortization of 5,080 and 4,945 | 12,015,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease assets | 1,300,000,000 | 1,268,000,000 | 1,322,000,000 | 1,279,000,000 | 1,313,000,000 | 1,296,000,000 | 1,346,000,000 | 1,142,000,000 | 1,174,000,000 | 1,195,000,000 | 1,171,000,000 | 1,318,000,000 | 1,534,000,000 | 1,471,000,000 | 1,605,000,000 | 1,669,000,000 | 1,541,000,000 | 1,453,000,000 | 1,370,000,000 | 1,375,000,000 | 1,423,000,000 | 1,400,000,000 | 1,516,000,000 | 1,568,000,000 | 1,584,000,000 | 1,711,000,000 | 1,647,000,000 | 1,696,000,000 | 1,715,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
goodwill | 2,723,000,000 | 2,723,000,000 | 2,723,000,000 | 2,724,000,000 | 2,724,000,000 | 2,724,000,000 | 2,703,000,000 | 1,943,000,000 | 1,943,000,000 | 1,943,000,000 | 1,943,000,000 | 1,943,000,000 | 1,943,000,000 | 1,943,000,000 | 1,943,000,000 | 1,943,000,000 | 1,943,000,000 | 1,943,000,000 | 1,943,000,000 | 1,943,000,000 | 1,943,000,000 | 1,934,000,000 | 1,940,000,000 | 1,942,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets - net of accumulated amortization of 88 and 74 | 801,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncurrent assets | 442,000,000 | 432,000,000 | 436,000,000 | 316,000,000 | 334,000,000 | 334,000,000 | 363,000,000 | 270,000,000 | 283,000,000 | 292,000,000 | 290,000,000 | 268,000,000 | 374,000,000 | 380,000,000 | 422,000,000 | 387,000,000 | 411,000,000 | 396,000,000 | 346,000,000 | 336,000,000 | 363,000,000 | 379,000,000 | 337,000,000 | 339,000,000 | 300,000,000 | 278,000,000 | 234,000,000 | 225,000,000 | 225,000,000 | 271,000,000 | 273,000,000 | 256,000,000 | 226,000,000 | 216,000,000 | 199,000,000 | ||||||||||||||||||||||||||||||||||||||||
total noncurrent assets | 17,281,000,000 | 17,095,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets | 20,298,000,000 | 20,361,000,000 | 20,012,000,000 | 19,885,000,000 | 19,818,000,000 | 19,768,000,000 | 19,559,000,000 | 15,342,000,000 | 14,813,000,000 | 14,613,000,000 | 15,165,000,000 | 14,829,000,000 | 14,296,000,000 | 14,186,000,000 | 14,531,000,000 | 14,800,000,000 | 14,210,000,000 | 13,951,000,000 | 13,882,000,000 | 14,656,000,000 | 14,262,000,000 | 14,046,000,000 | 14,749,000,000 | 13,998,000,000 | 13,363,000,000 | 12,993,000,000 | 12,983,000,000 | 12,951,000,000 | 12,640,000,000 | 10,893,000,000 | 11,055,000,000 | 10,848,000,000 | 10,739,000,000 | 10,720,000,000 | 10,302,000,000 | 8,699,000,000 | 7,035,000,000 | 6,829,000,000 | 6,533,000,000 | 6,564,000,000 | 6,480,000,000 | 6,410,000,000 | 6,236,000,000 | 6,314,000,000 | 6,061,000,000 | 5,838,000,000 | 5,852,000,000 | 5,644,000,000 | 5,436,100,000 | 5,423,600,000 | 5,382,000,000 | 5,260,200,000 | 5,233,800,000 | 5,111,400,000 | 5,015,700,000 | 4,941,300,000 | 4,779,000,000 | 4,835,600,000 | 5,065,900,000 | 5,095,500,000 | 4,777,100,000 | 4,490,900,000 | 4,456,900,000 | 4,479,400,000 | 4,343,100,000 | 4,077,100,000 | 4,139,700,000 | 4,091,800,000 | 3,888,200,000 | 3,792,000,000 | 3,509,700,000 | 3,370,500,000 | 3,300,600,000 | 3,335,000,000 | |
liabilities and shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 409,000,000 | 324,000,000 | 322,000,000 | 240,000,000 | 237,000,000 | 186,000,000 | 242,000,000 | 203,000,000 | 181,000,000 | 207,000,000 | 229,000,000 | 212,000,000 | 206,000,000 | 221,000,000 | 202,000,000 | 286,000,000 | 299,000,000 | 200,000,000 | 181,000,000 | 159,000,000 | 133,000,000 | 108,000,000 | 93,000,000 | 102,000,000 | 119,000,000 | 146,000,000 | 120,000,000 | 156,000,000 | 157,000,000 | 114,000,000 | 115,000,000 | 102,000,000 | 97,000,000 | 95,000,000 | 95,000,000 | 71,000,000 | 78,000,000 | 63,000,000 | 63,000,000 | 61,000,000 | 56,000,000 | 57,000,000 | 68,000,000 | 71,000,000 | 75,000,000 | 64,000,000 | 71,000,000 | 101,000,000 | 70,200,000 | 110,800,000 | 129,000,000 | 88,000,000 | 71,300,000 | 59,200,000 | 53,300,000 | 52,500,000 | 63,800,000 | 59,600,000 | 81,100,000 | 84,200,000 | 97,300,000 | 101,500,000 | 88,800,000 | 93,300,000 | 75,800,000 | 90,000,000 | 89,900,000 | 83,200,000 | 130,200,000 | 134,600,000 | 138,400,000 | 132,600,000 | 142,300,000 | ||
accrued wages, vacation and payroll taxes | 657,000,000 | 881,000,000 | 811,000,000 | 697,000,000 | 749,000,000 | 1,001,000,000 | 822,000,000 | 513,000,000 | 481,000,000 | 584,000,000 | 561,000,000 | 463,000,000 | 431,000,000 | 619,000,000 | 583,000,000 | 416,000,000 | 367,000,000 | 457,000,000 | 426,000,000 | 439,000,000 | 456,000,000 | 527,000,000 | 541,000,000 | 284,000,000 | 316,000,000 | 470,000,000 | 391,000,000 | 371,000,000 | 301,000,000 | 334,000,000 | 345,000,000 | 299,000,000 | 345,000,000 | 308,000,000 | 281,000,000 | 257,000,000 | 239,000,000 | 213,000,000 | 298,000,000 | 218,000,000 | 179,000,000 | 160,000,000 | 201,000,000 | 166,000,000 | 146,000,000 | 211,000,000 | 140,000,000 | 132,000,000 | 163,000,000 | 134,700,000 | 123,800,000 | 147,900,000 | 136,200,000 | 116,000,000 | 113,300,000 | 124,400,000 | 100,100,000 | 119,500,000 | 100,800,000 | 104,700,000 | 97,000,000 | 112,300,000 | 102,100,000 | 104,500,000 | 108,800,000 | 144,000,000 | 133,800,000 | 107,000,000 | 92,400,000 | 105,900,000 | 93,900,000 | 111,300,000 | 112,500,000 | ||
air traffic liability | 2,378,000,000 | 1,689,000,000 | 1,938,000,000 | 2,127,000,000 | 2,204,000,000 | 1,712,000,000 | 1,878,000,000 | 1,576,000,000 | 1,604,000,000 | 1,136,000,000 | 1,359,000,000 | 1,574,000,000 | 1,613,000,000 | 1,180,000,000 | 1,467,000,000 | 1,778,000,000 | 1,643,000,000 | 1,163,000,000 | 1,225,000,000 | 1,533,000,000 | 1,297,000,000 | 1,073,000,000 | 1,071,000,000 | 1,131,000,000 | 1,110,000,000 | 900,000,000 | 1,032,000,000 | 1,173,000,000 | 1,116,000,000 | 937,000,000 | 950,000,000 | 1,112,000,000 | 1,122,000,000 | 1,103,000,000 | 1,255,000,000 | 1,218,000,000 | 785,000,000 | 870,000,000 | 868,000,000 | 669,000,000 | 760,000,000 | 840,000,000 | 814,000,000 | 703,000,000 | 807,000,000 | 749,000,000 | 564,000,000 | 724,000,000 | 691,000,000 | 583,600,000 | 667,200,000 | 654,000,000 | 541,100,000 | 594,500,000 | 585,400,000 | 468,900,000 | 421,500,000 | 399,600,000 | 372,700,000 | 461,200,000 | 532,200,000 | 473,600,000 | 364,500,000 | 406,000,000 | 493,100,000 | 451,300,000 | 311,200,000 | 358,200,000 | 431,000,000 | 395,700,000 | 291,800,000 | 320,500,000 | 375,600,000 | 340,300,000 | |
other accrued liabilities | 1,121,000,000 | 1,055,000,000 | 1,007,000,000 | 1,096,000,000 | 1,042,000,000 | 997,000,000 | 958,000,000 | 852,000,000 | 791,000,000 | 800,000,000 | 806,000,000 | 871,000,000 | 908,000,000 | 846,000,000 | 805,000,000 | 794,000,000 | 659,000,000 | 625,000,000 | 603,000,000 | 661,000,000 | 541,000,000 | 424,000,000 | 406,000,000 | 327,000,000 | 382,000,000 | 431,000,000 | 476,000,000 | 505,000,000 | 480,000,000 | 452,000,000 | 483,000,000 | 433,000,000 | 886,000,000 | 979,000,000 | 909,000,000 | 735,000,000 | 757,000,000 | 809,000,000 | 661,000,000 | 698,000,000 | 736,000,000 | 731,000,000 | 680,000,000 | 706,000,000 | 672,000,000 | 612,000,000 | 711,000,000 | 568,000,000 | 537,000,000 | 558,500,000 | 551,500,000 | 491,000,000 | 544,000,000 | 533,400,000 | 510,000,000 | 509,000,000 | 499,800,000 | 475,400,000 | 482,800,000 | 498,400,000 | 500,100,000 | 448,500,000 | 433,700,000 | 449,700,000 | 460,700,000 | 404,300,000 | 433,300,000 | 430,000,000 | 370,200,000 | 336,000,000 | 350,700,000 | 350,900,000 | 342,700,000 | ||
deferred revenue | 1,781,000,000 | 1,722,000,000 | 1,837,000,000 | 1,824,000,000 | 1,727,000,000 | 1,592,000,000 | 1,614,000,000 | 1,312,000,000 | 1,313,000,000 | 1,221,000,000 | 1,233,000,000 | 1,207,000,000 | 1,218,000,000 | 1,123,000,000 | 1,068,000,000 | 1,012,000,000 | 1,038,000,000 | 912,000,000 | 904,000,000 | 922,000,000 | 818,000,000 | 733,000,000 | 663,000,000 | 555,000,000 | 478,000,000 | 750,000,000 | 794,000,000 | 768,000,000 | 757,000,000 | 518,000,000 | 693,000,000 | 667,000,000 | 649,000,000 | 682,000,000 | 652,000,000 | 641,000,000 | 491,000,000 | 480,000,000 | 467,000,000 | 431,000,000 | 416,000,000 | 401,000,000 | 382,000,000 | 356,000,000 | 342,000,000 | 334,000,000 | 335,000,000 | 455,000,000 | 441,000,000 | 423,400,000 | 414,000,000 | 406,200,000 | 394,000,000 | 386,700,000 | 387,700,000 | 419,100,000 | 454,300,000 | 424,700,000 | 421,300,000 | 407,800,000 | 442,500,000 | 429,300,000 | 413,600,000 | 391,300,000 | 373,300,000 | 335,600,000 | 333,000,000 | 317,700,000 | 305,300,000 | 293,700,000 | 291,100,000 | 276,500,000 | 313,800,000 | 307,400,000 | |
current portion of long-term debt and finance leases | 498,000,000 | 721,000,000 | 523,000,000 | 359,000,000 | 301,000,000 | 353,000,000 | 736,000,000 | 572,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of operating lease liabilities | 212,000,000 | 197,000,000 | 216,000,000 | 217,000,000 | 214,000,000 | 207,000,000 | 211,000,000 | 153,000,000 | 158,000,000 | 158,000,000 | 150,000,000 | 277,000,000 | 213,000,000 | 228,000,000 | 263,000,000 | 274,000,000 | 272,000,000 | 268,000,000 | 260,000,000 | 263,000,000 | 271,000,000 | 290,000,000 | 283,000,000 | 273,000,000 | 266,000,000 | 269,000,000 | 268,000,000 | 273,000,000 | 275,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total current liabilities | 7,056,000,000 | 6,589,000,000 | 6,659,000,000 | 6,709,000,000 | 6,700,000,000 | 6,145,000,000 | 6,248,000,000 | 4,968,000,000 | 4,829,000,000 | 4,459,000,000 | 5,074,000,000 | 5,176,000,000 | 4,857,000,000 | 4,493,000,000 | 4,709,000,000 | 4,902,000,000 | 4,570,000,000 | 3,991,000,000 | 4,024,000,000 | 4,846,000,000 | 4,762,000,000 | 4,293,000,000 | 4,207,000,000 | 4,120,000,000 | 3,730,000,000 | 3,201,000,000 | 3,346,000,000 | 3,534,000,000 | 3,386,000,000 | 2,888,000,000 | 3,036,000,000 | 2,992,000,000 | 2,765,000,000 | 2,974,000,000 | 2,835,000,000 | 2,123,000,000 | 2,061,000,000 | 2,069,000,000 | 1,806,000,000 | 1,854,000,000 | 1,927,000,000 | 1,880,000,000 | 1,767,000,000 | 1,864,000,000 | 1,755,000,000 | 1,580,000,000 | 1,756,000,000 | 1,598,000,000 | 1,528,800,000 | 1,664,300,000 | 1,673,200,000 | 1,518,300,000 | 1,628,000,000 | 1,484,400,000 | 1,339,500,000 | 1,340,400,000 | 1,285,600,000 | 1,360,600,000 | 1,540,500,000 | 1,649,800,000 | 1,482,400,000 | 1,388,000,000 | 1,299,600,000 | 1,408,500,000 | 1,380,300,000 | 1,236,700,000 | 1,380,500,000 | 1,423,200,000 | 1,330,700,000 | 1,165,600,000 | 1,101,600,000 | 1,085,900,000 | 1,056,100,000 | ||
long-term debt and finance leases, net of current portion | 4,822,000,000 | 4,834,000,000 | 4,159,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating lease liabilities, net of current portion | 1,136,000,000 | 1,141,000,000 | 1,197,000,000 | 1,157,000,000 | 1,200,000,000 | 1,198,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 879,000,000 | 1,004,000,000 | 976,000,000 | 938,000,000 | 871,000,000 | 934,000,000 | 889,000,000 | 746,000,000 | 649,000,000 | 695,000,000 | 662,000,000 | 606,000,000 | 523,000,000 | 574,000,000 | 571,000,000 | 552,000,000 | 509,000,000 | 578,000,000 | 501,000,000 | 439,000,000 | 365,000,000 | 407,000,000 | 499,000,000 | 619,000,000 | 665,000,000 | 715,000,000 | 708,000,000 | 582,000,000 | 520,000,000 | 454,000,000 | 494,000,000 | 437,000,000 | 372,000,000 | 682,000,000 | 598,000,000 | 509,000,000 | 733,000,000 | 721,000,000 | 678,000,000 | 682,000,000 | 126,000,000 | 123,000,000 | 123,000,000 | 114,000,000 | 112,000,000 | 120,000,000 | 113,000,000 | 175,000,000 | 172,000,000 | 141,500,000 | 152,100,000 | 142,500,000 | 130,200,000 | 126,400,000 | 116,300,000 | 133,000,000 | 158,200,000 | 170,300,000 | 164,400,000 | 130,200,000 | 63,400,000 | 105,000,000 | 84,900,000 | 91,500,000 | 144,300,000 | 139,700,000 | 134,200,000 | 122,900,000 | 103,100,000 | 98,500,000 | 91,800,000 | 61,800,000 | 75,500,000 | 80,200,000 | 74,700,000 |
obligation for pension and post-retirement medical benefits | 360,000,000 | 369,000,000 | 439,000,000 | 452,000,000 | 457,000,000 | 460,000,000 | 505,000,000 | 358,000,000 | 365,000,000 | 362,000,000 | 368,000,000 | 362,000,000 | 355,000,000 | 348,000,000 | 296,000,000 | 299,000,000 | 302,000,000 | 305,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 614,000,000 | 595,000,000 | 586,000,000 | 548,000,000 | 531,000,000 | 457,000,000 | 452,000,000 | 352,000,000 | 311,000,000 | 295,000,000 | 361,000,000 | 327,000,000 | 297,000,000 | 305,000,000 | 345,000,000 | 353,000,000 | 363,000,000 | 378,000,000 | 391,000,000 | 422,000,000 | 482,000,000 | 524,000,000 | 476,000,000 | 373,000,000 | 253,000,000 | 232,000,000 | 213,000,000 | 197,000,000 | 210,000,000 | 451,000,000 | 428,000,000 | 417,000,000 | 423,000,000 | 429,000,000 | 427,000,000 | 438,000,000 | 355,000,000 | 366,000,000 | 359,000,000 | 362,000,000 | 341,000,000 | 339,000,000 | 332,000,000 | 312,000,000 | 315,000,000 | 309,000,000 | 308,000,000 | 318,000,000 | 332,000,000 | 213,000,000 | 204,800,000 | 184,100,000 | 170,300,000 | 148,600,000 | 108,600,000 | 131,600,000 | 159,100,000 | 165,500,000 | 174,100,000 | 427,000,000 | 420,000,000 | 395,400,000 | 408,100,000 | 461,200,000 | 462,100,000 | 478,000,000 | 475,600,000 | 375,800,000 | 353,100,000 | 368,900,000 | 382,200,000 | 285,700,000 | 253,200,000 | 241,100,000 | |
total noncurrent liabilities | 9,511,000,000 | 9,654,000,000 | 9,324,000,000 | 9,234,000,000 | 8,981,000,000 | 9,251,000,000 | 8,832,000,000 | 3,835,000,000 | 3,743,000,000 | 3,859,000,000 | 3,870,000,000 | 3,813,000,000 | 3,955,000,000 | 3,994,000,000 | 4,107,000,000 | 4,138,000,000 | 3,925,000,000 | 3,986,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value... | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||
capital in excess of par value | 973,000,000 | 961,000,000 | 913,000,000 | 899,000,000 | 844,000,000 | 811,000,000 | 769,000,000 | 757,000,000 | 707,000,000 | 695,000,000 | 659,000,000 | 648,000,000 | 587,000,000 | 577,000,000 | 549,000,000 | 542,000,000 | 503,000,000 | 494,000,000 | 462,000,000 | 454,000,000 | 409,000,000 | 391,000,000 | 366,000,000 | 350,000,000 | 314,000,000 | 305,000,000 | 297,000,000 | 270,000,000 | 261,000,000 | 224,000,000 | 198,000,000 | 190,000,000 | 156,000,000 | 135,000,000 | 126,000,000 | 103,000,000 | 91,000,000 | 86,000,000 | 73,000,000 | 70,000,000 | 56,000,000 | 211,000,000 | 399,000,000 | 551,000,000 | 524,000,000 | 538,000,000 | 629,000,000 | 657,000,000 | 660,300,000 | 674,200,000 | 677,800,000 | 843,300,000 | 838,900,000 | 828,300,000 | 779,700,000 | 924,500,000 | 921,700,000 | 915,000,000 | 911,100,000 | 902,400,000 | 899,100,000 | 895,100,000 | 892,600,000 | 888,400,000 | 884,700,000 | 877,900,000 | 868,600,000 | 862,800,000 | 705,100,000 | 710,300,000 | 513,000,000 | 498,500,000 | 497,500,000 | ||
treasury stock | -1,904,000,000 | -1,701,000,000 | -1,671,000,000 | -1,666,000,000 | -1,238,000,000 | -1,131,000,000 | -882,000,000 | -868,000,000 | -840,000,000 | -819,000,000 | -744,000,000 | -731,000,000 | -692,000,000 | -674,000,000 | -674,000,000 | -674,000,000 | -674,000,000 | -674,000,000 | -674,000,000 | -674,000,000 | -674,000,000 | -674,000,000 | -674,000,000 | -674,000,000 | -674,000,000 | -643,000,000 | -621,000,000 | -593,000,000 | -581,000,000 | -556,000,000 | -544,000,000 | -531,000,000 | -494,000,000 | -466,000,000 | -443,000,000 | -444,000,000 | -444,000,000 | -377,000,000 | -250,000,000 | -127,000,000 | -8,000,000 | -7,000,000 | -5,000,000 | -5,000,000 | -1,000,000 | -2,000,000 | -161,400,000 | -153,100,000 | -56,600,000 | -60,400,000 | -60,500,000 | ||||||||||||||||||||||||
accumulated other comprehensive loss | -176,000,000 | -173,000,000 | -223,000,000 | -228,000,000 | -234,000,000 | -239,000,000 | -268,000,000 | -287,000,000 | -294,000,000 | -299,000,000 | -360,000,000 | -365,000,000 | -365,000,000 | -388,000,000 | -328,000,000 | -308,000,000 | -292,000,000 | -262,000,000 | -482,000,000 | -487,000,000 | -494,000,000 | -494,000,000 | -450,000,000 | -458,000,000 | -482,000,000 | -465,000,000 | -421,000,000 | -422,000,000 | -433,000,000 | -428,000,000 | -435,000,000 | -440,000,000 | -289,000,000 | -294,000,000 | -299,000,000 | -284,000,000 | -287,000,000 | -294,000,000 | -303,000,000 | -303,000,000 | -304,000,000 | -305,000,000 | -178,000,000 | -178,000,000 | -181,000,000 | -183,000,000 | -424,000,000 | -429,000,000 | -373,600,000 | -380,800,000 | -382,400,000 | -237,000,000 | -309,900,000 | -320,900,000 | -328,300,000 | -135,700,000 | -132,800,000 | -127,800,000 | -133,300,000 | -181,600,000 | -188,400,000 | -191,400,000 | -130,200,000 | -131,900,000 | -132,300,000 | -132,000,000 | -87,700,000 | -85,000,000 | -82,700,000 | ||||||
retained earnings | 4,837,000,000 | 5,030,000,000 | 5,009,000,000 | 4,936,000,000 | 4,764,000,000 | 4,930,000,000 | 4,859,000,000 | 4,623,000,000 | 4,403,000,000 | 4,535,000,000 | 4,537,000,000 | 4,398,000,000 | 4,158,000,000 | 4,300,000,000 | 4,278,000,000 | 4,238,000,000 | 4,099,000,000 | 4,242,000,000 | 4,224,000,000 | 4,030,000,000 | 3,633,000,000 | 3,764,000,000 | 4,211,000,000 | 4,642,000,000 | 4,856,000,000 | 5,133,000,000 | 4,996,000,000 | 4,717,000,000 | 4,498,000,000 | 4,454,000,000 | 4,550,000,000 | 4,373,000,000 | 4,219,000,000 | 4,117,000,000 | 3,888,000,000 | 3,629,000,000 | 3,488,000,000 | 3,266,000,000 | 3,039,000,000 | 2,890,000,000 | 2,724,000,000 | 2,474,000,000 | 2,266,000,000 | 2,012,000,000 | 1,831,000,000 | 1,684,000,000 | 1,607,000,000 | 1,268,000,000 | 1,164,000,000 | 1,082,300,000 | 918,900,000 | 851,400,000 | 746,600,000 | 669,100,000 | 640,300,000 | 320,300,000 | 203,300,000 | 174,200,000 | 193,400,000 | 268,600,000 | 359,100,000 | 296,000,000 | 331,900,000 | 328,500,000 | 242,700,000 | 196,600,000 | 206,900,000 | 237,100,000 | 254,500,000 | 199,000,000 | 278,100,000 | 311,100,000 | 220,900,000 | 203,500,000 | |
total shareholders' equity | 3,731,000,000 | 4,118,000,000 | 4,029,000,000 | 3,942,000,000 | 4,137,000,000 | 4,372,000,000 | 4,479,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders' equity | 20,298,000,000 | 20,361,000,000 | 20,012,000,000 | 19,885,000,000 | 19,818,000,000 | 19,768,000,000 | 19,559,000,000 | 15,342,000,000 | 14,813,000,000 | 14,613,000,000 | 15,165,000,000 | 14,829,000,000 | 14,296,000,000 | 14,186,000,000 | 14,531,000,000 | 14,800,000,000 | 14,210,000,000 | 13,951,000,000 | 13,882,000,000 | 14,656,000,000 | 14,262,000,000 | 14,046,000,000 | 14,749,000,000 | 13,998,000,000 | 13,363,000,000 | 12,993,000,000 | 12,983,000,000 | 12,951,000,000 | 12,640,000,000 | 10,893,000,000 | 11,055,000,000 | 10,848,000,000 | 10,739,000,000 | 10,720,000,000 | 10,302,000,000 | 8,699,000,000 | 7,035,000,000 | 6,829,000,000 | 6,533,000,000 | 6,564,000,000 | 6,480,000,000 | 6,410,000,000 | 6,236,000,000 | 6,314,000,000 | 6,061,000,000 | 5,838,000,000 | 5,852,000,000 | 5,644,000,000 | 5,436,100,000 | 5,423,600,000 | 5,382,000,000 | 5,260,200,000 | 5,233,800,000 | 5,111,400,000 | 5,015,700,000 | 4,941,300,000 | 4,779,000,000 | 4,139,700,000 | |||||||||||||||||
property and equipment - net of accumulated depreciation and amortization of 4,945 and 4,548 | 11,857,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets - net of accumulated amortization of 74 and 16 | 815,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash, restricted cash, and marketable securities | 2,300,000,000 | 2,152,000,000 | 2,492,000,000 | 2,504,000,000 | 2,532,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft and other flight equipment | 12,953,000,000 | 13,056,000,000 | 12,619,000,000 | 12,273,000,000 | 12,349,000,000 | 10,734,000,000 | 10,363,000,000 | 10,425,000,000 | 10,015,000,000 | 9,918,000,000 | 9,189,000,000 | 9,053,000,000 | 8,811,000,000 | 8,569,000,000 | 8,244,000,000 | 8,127,000,000 | 8,076,000,000 | 7,996,000,000 | 7,933,000,000 | 7,761,000,000 | 7,851,000,000 | 8,257,000,000 | 8,228,000,000 | 8,549,000,000 | 8,492,000,000 | 8,417,000,000 | 8,340,000,000 | 7,911,000,000 | 7,788,000,000 | 7,567,000,000 | 7,590,000,000 | 7,377,000,000 | 7,137,000,000 | 6,398,000,000 | 6,198,000,000 | 5,945,000,000 | 5,690,000,000 | 5,557,000,000 | 5,345,000,000 | 5,204,000,000 | 5,100,000,000 | 4,993,000,000 | 4,855,000,000 | 4,677,000,000 | 4,405,000,000 | 4,361,000,000 | 4,118,900,000 | 4,099,500,000 | 4,113,500,000 | 4,058,000,000 | 4,065,800,000 | 4,002,700,000 | 3,667,600,000 | 3,594,600,000 | 3,481,700,000 | 3,431,000,000 | 3,357,800,000 | 3,219,200,000 | 3,100,300,000 | 2,981,200,000 | 2,822,800,000 | 2,670,300,000 | 2,594,000,000 | 2,296,600,000 | 2,135,600,000 | 2,047,300,000 | 2,004,700,000 | 2,265,500,000 | 2,258,800,000 | 2,236,700,000 | |||||
other property and equipment | 2,367,000,000 | 2,267,000,000 | 2,197,000,000 | 2,173,000,000 | 2,109,000,000 | 1,941,000,000 | 1,839,000,000 | 1,814,000,000 | 1,756,000,000 | 1,714,000,000 | 1,661,000,000 | 1,661,000,000 | 1,589,000,000 | 1,532,000,000 | 1,529,000,000 | 1,489,000,000 | 1,446,000,000 | 1,433,000,000 | 1,407,000,000 | 1,398,000,000 | 1,395,000,000 | 1,381,000,000 | 1,343,000,000 | 1,306,000,000 | 1,272,000,000 | 1,238,000,000 | 1,197,000,000 | 1,322,000,000 | 1,291,000,000 | 1,287,000,000 | 1,187,000,000 | 1,158,000,000 | 1,139,000,000 | 1,021,000,000 | 994,000,000 | 967,000,000 | 955,000,000 | 936,000,000 | 915,000,000 | 899,000,000 | 883,000,000 | 867,000,000 | 853,000,000 | 838,000,000 | 867,000,000 | 862,000,000 | 848,500,000 | 857,100,000 | 851,400,000 | 730,100,000 | 621,700,000 | 614,300,000 | 635,900,000 | 627,100,000 | 618,200,000 | 608,600,000 | 603,800,000 | 590,900,000 | 578,900,000 | 574,500,000 | 561,900,000 | 558,500,000 | 541,600,000 | 530,700,000 | 518,900,000 | 504,700,000 | 488,600,000 | 481,000,000 | 473,500,000 | 471,600,000 | 467,800,000 | 471,800,000 | |||
deposits for future flight equipment | 710,000,000 | 621,000,000 | 700,000,000 | 883,000,000 | 612,000,000 | 383,000,000 | 431,000,000 | 491,000,000 | 538,000,000 | 550,000,000 | 580,000,000 | 670,000,000 | 300,000,000 | 292,000,000 | 283,000,000 | 384,000,000 | 378,000,000 | 402,000,000 | 420,000,000 | 583,000,000 | 595,000,000 | 591,000,000 | 590,000,000 | 533,000,000 | 463,000,000 | 396,000,000 | 325,000,000 | 429,000,000 | 505,000,000 | 560,000,000 | 531,000,000 | 526,000,000 | 541,000,000 | 489,000,000 | 551,000,000 | 617,000,000 | 771,000,000 | 775,000,000 | 905,000,000 | 778,000,000 | 511,000,000 | 431,000,000 | 360,000,000 | 446,000,000 | 443,000,000 | 341,000,000 | 385,400,000 | 331,400,000 | 266,000,000 | 208,100,000 | 165,500,000 | 146,800,000 | 219,500,000 | 179,300,000 | 253,300,000 | 309,800,000 | 397,100,000 | 438,400,000 | 440,900,000 | 430,000,000 | 434,100,000 | 412,600,000 | 367,400,000 | 437,800,000 | 440,400,000 | 388,000,000 | 320,800,000 | 305,300,000 | 203,600,000 | 82,500,000 | 67,100,000 | ||||
property and equipment - sum | 16,030,000,000 | 15,944,000,000 | 15,516,000,000 | 15,329,000,000 | 15,070,000,000 | 13,058,000,000 | 12,633,000,000 | 12,730,000,000 | 12,309,000,000 | 12,182,000,000 | 11,430,000,000 | 11,384,000,000 | 10,700,000,000 | 10,056,000,000 | 9,742,000,000 | 10,161,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
less accumulated depreciation and amortization | -4,794,000,000 | -4,729,000,000 | -4,649,000,000 | -4,548,000,000 | -4,548,000,000 | 4,537,000,000 | 4,439,000,000 | 4,342,000,000 | 4,283,000,000 | 4,219,000,000 | 4,178,000,000 | 4,127,000,000 | 4,046,000,000 | 3,922,000,000 | 3,814,000,000 | 3,862,000,000 | 3,780,000,000 | 3,703,000,000 | 3,616,000,000 | 3,531,000,000 | 3,460,000,000 | 3,434,000,000 | 3,307,000,000 | 3,486,000,000 | 3,393,000,000 | 3,307,000,000 | 3,233,000,000 | 3,167,000,000 | 3,091,000,000 | 3,011,000,000 | 3,078,000,000 | 3,059,000,000 | 3,008,000,000 | 2,877,000,000 | 2,784,000,000 | 2,699,000,000 | 2,614,000,000 | 2,534,000,000 | 2,460,000,000 | 2,384,000,000 | 2,250,000,000 | 2,189,000,000 | 2,138,000,000 | 2,068,000,000 | 1,990,000,000 | 1,925,000,000 | 1,805,300,000 | 1,740,600,000 | 1,727,200,000 | 1,646,100,000 | 1,603,100,000 | 1,561,600,000 | 1,387,000,000 | 1,246,800,000 | 1,226,000,000 | 1,181,700,000 | 1,141,200,000 | 1,106,700,000 | 1,063,500,000 | 1,023,400,000 | 985,100,000 | 947,600,000 | 932,500,000 | 906,100,000 | 843,900,000 | 809,500,000 | 774,800,000 | 1,019,600,000 | 988,000,000 | 979,900,000 | 951,800,000 | 924,900,000 | |||
total property and equipment - net | 11,236,000,000 | 11,215,000,000 | 10,867,000,000 | 10,781,000,000 | 10,522,000,000 | 8,521,000,000 | 8,194,000,000 | 8,388,000,000 | 8,026,000,000 | 7,963,000,000 | 7,252,000,000 | 7,257,000,000 | 6,654,000,000 | 6,471,000,000 | 6,242,000,000 | 6,138,000,000 | 6,120,000,000 | 6,128,000,000 | 6,144,000,000 | 6,211,000,000 | 6,381,000,000 | 6,795,000,000 | 6,854,000,000 | 6,902,000,000 | 6,834,000,000 | 6,744,000,000 | 6,629,000,000 | 5,031,000,000 | 4,959,000,000 | 4,830,000,000 | 4,802,000,000 | 4,734,000,000 | 4,705,000,000 | 4,497,000,000 | 4,244,000,000 | 4,102,000,000 | 3,930,000,000 | 3,893,000,000 | 3,725,000,000 | 3,639,000,000 | 3,547,500,000 | 3,547,400,000 | 3,503,700,000 | 3,136,000,000 | 3,154,200,000 | 3,127,200,000 | 3,217,500,000 | 3,141,800,000 | 3,056,600,000 | 2,833,700,000 | 2,693,800,000 | 2,570,500,000 | 2,251,000,000 | 2,130,500,000 | 2,039,300,000 | 1,958,600,000 | |||||||||||||||||||
other assets | 3,761,000,000 | 3,757,000,000 | 3,834,000,000 | 3,903,000,000 | 3,959,000,000 | 3,937,000,000 | 3,947,000,000 | 3,989,000,000 | 4,010,000,000 | 2,342,000,000 | 2,346,000,000 | 2,331,000,000 | 2,295,000,000 | 2,293,000,000 | 2,280,000,000 | 68,000,000 | 73,000,000 | 76,000,000 | 68,000,000 | 115,000,000 | 121,000,000 | 137,000,000 | 193,000,000 | 192,000,000 | 197,000,000 | 179,000,000 | 128,000,000 | 143,000,000 | 129,000,000 | 138,500,000 | 148,600,000 | 136,600,000 | 223,300,000 | 211,600,000 | 180,000,000 | 153,300,000 | 158,400,000 | 123,100,000 | 139,800,000 | 147,800,000 | 160,400,000 | 126,500,000 | 140,400,000 | 137,200,000 | 154,500,000 | 123,100,000 | 131,300,000 | 149,000,000 | 163,900,000 | 134,000,000 | 133,300,000 | 129,900,000 | 139,300,000 | 145,800,000 | |||||||||||||||||||||
intangible assets - net of accumulated amortization of 60 and 16 | 829,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other assets | 5,310,000,000 | 5,163,000,000 | 5,230,000,000 | 5,227,000,000 | 5,300,000,000 | 3,445,000,000 | 3,490,000,000 | 3,520,000,000 | 3,495,000,000 | 3,622,000,000 | 3,945,000,000 | 3,889,000,000 | 4,067,000,000 | 4,097,000,000 | 3,994,000,000 | 3,893,000,000 | 3,829,000,000 | 4,054,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 519,000,000 | 500,000,000 | 519,000,000 | 442,000,000 | 268,000,000 | 276,000,000 | 321,000,000 | 342,000,000 | 292,000,000 | 366,000,000 | 425,000,000 | 869,000,000 | 1,246,000,000 | 1,138,000,000 | 1,150,000,000 | 1,087,000,000 | 1,059,000,000 | 235,000,000 | 265,000,000 | 288,000,000 | 300,000,000 | 345,000,000 | 314,000,000 | 387,000,000 | 334,000,000 | 337,000,000 | 332,000,000 | 275,000,000 | 117,000,000 | 116,000,000 | 115,000,000 | 117,000,000 | 116,000,000 | 118,000,000 | 115,000,000 | 114,000,000 | 113,000,000 | 117,000,000 | 110,000,000 | 106,000,000 | 167,200,000 | 183,400,000 | 210,100,000 | 213,600,000 | 253,900,000 | 169,800,000 | 158,200,000 | 167,300,000 | 164,400,000 | 244,900,000 | 254,500,000 | 262,200,000 | 155,000,000 | 175,900,000 | 97,200,000 | 107,300,000 | 118,000,000 | 119,100,000 | 203,600,000 | 201,200,000 | 168,300,000 | ||||||||||||||
current portion of finance lease liabilities | 9,000,000 | 8,000,000 | 8,000,000 | 8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt | 4,490,000,000 | 4,448,000,000 | 4,290,000,000 | 4,491,000,000 | 2,313,000,000 | 2,264,000,000 | 2,182,000,000 | 2,128,000,000 | 1,889,000,000 | 1,795,000,000 | 1,883,000,000 | 1,889,000,000 | 1,961,000,000 | 2,078,000,000 | 2,173,000,000 | 2,225,000,000 | 2,319,000,000 | 2,325,000,000 | 2,357,000,000 | 2,672,000,000 | 1,549,000,000 | 1,203,000,000 | 1,264,000,000 | 1,444,000,000 | 1,538,000,000 | 1,664,000,000 | 1,684,000,000 | 1,998,000,000 | 2,062,000,000 | 2,367,000,000 | 2,469,000,000 | 2,531,000,000 | 1,861,000,000 | 509,000,000 | 531,000,000 | 571,000,000 | 593,000,000 | 629,000,000 | 650,000,000 | 710,000,000 | 745,000,000 | 721,000,000 | 754,000,000 | 814,000,000 | 840,000,000 | 898,900,000 | 957,100,000 | 1,036,900,000 | 1,178,800,000 | 1,154,900,000 | 1,275,200,000 | 1,657,200,000 | 1,669,700,000 | 1,619,300,000 | 1,596,300,000 | 1,613,100,000 | 1,444,900,000 | 1,380,000,000 | 1,124,600,000 | 1,151,800,000 | 1,177,000,000 | 1,171,300,000 | 1,031,700,000 | 945,500,000 | 889,200,000 | 1,027,400,000 | |||||||||
finance lease liabilities, net of current portion | 40,000,000 | 43,000,000 | 45,000,000 | 47,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets - net | 844,000,000 | 859,000,000 | 873,000,000 | 888,000,000 | 102,000,000 | 103,000,000 | 105,000,000 | 107,000,000 | 107,000,000 | 109,000,000 | 110,000,000 | 122,000,000 | 123,000,000 | 125,000,000 | 127,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
as of december 31 | 2,024,000,000 | 2,023,000,000 | 2,022,000,000 | 2,021,000,000 | 2,020,000,000 | 2,019,000,000 | 2,015,000,000 | 2,013,000,000 | 2,008,000,000 | 2,007,000,000 | 2,006,000,000 | 2,005,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term operating lease liabilities, net of current portion | 1,249,000,000 | 1,050,000,000 | 1,098,000,000 | 1,125,000,000 | 1,113,000,000 | 1,148,000,000 | 1,455,000,000 | 1,393,000,000 | 1,482,000,000 | 1,505,000,000 | 1,357,000,000 | 1,279,000,000 | 1,206,000,000 | 1,222,000,000 | 1,283,000,000 | 1,268,000,000 | 1,320,000,000 | 1,376,000,000 | 1,375,000,000 | 1,439,000,000 | 1,376,000,000 | 1,424,000,000 | 1,443,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash and marketable securities | 2,509,000,000 | 2,278,000,000 | 1,791,000,000 | 2,451,000,000 | 2,442,000,000 | 2,429,000,000 | 2,417,000,000 | 3,150,000,000 | 3,425,000,000 | 2,890,000,000 | 3,116,000,000 | 3,195,000,000 | 3,951,000,000 | 3,549,000,000 | 3,346,000,000 | 3,759,000,000 | 2,803,000,000 | 2,125,000,000 | 1,521,000,000 | 1,619,000,000 | 1,627,000,000 | 1,436,000,000 | 1,397,000,000 | 1,568,000,000 | 1,528,000,000 | 1,740,000,000 | 1,922,000,000 | 1,710,000,000 | 3,226,000,000 | 1,607,000,000 | 1,564,000,000 | 1,328,000,000 | 1,258,000,000 | 1,192,000,000 | 1,312,000,000 | 1,343,000,000 | 1,510,000,000 | 1,420,000,000 | 1,330,000,000 | 1,429,000,000 | 1,265,000,000 | 1,185,600,000 | 1,185,400,000 | 1,141,200,000 | 1,265,800,000 | 1,153,500,000 | 1,042,500,000 | 1,171,200,000 | 1,121,800,000 | 1,043,000,000 | 1,077,400,000 | 1,067,400,000 | 1,006,000,000 | 921,800,000 | 822,800,000 | 888,000,000 | 987,700,000 | 970,100,000 | 1,013,900,000 | ||||||||||||||||
goodwill and intangible assets | 2,033,000,000 | 2,033,000,000 | 2,033,000,000 | 2,034,000,000 | 2,036,000,000 | 2,037,000,000 | 2,038,000,000 | 2,040,000,000 | 2,041,000,000 | 2,042,000,000 | 2,044,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity - sum | 4,226,000,000 | 3,977,000,000 | 4,113,000,000 | 4,093,000,000 | 3,951,000,000 | 3,689,000,000 | 3,816,000,000 | 3,826,000,000 | 3,637,000,000 | 2,988,000,000 | 4,015,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets held for sale | 385,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 221,000,000 | 313,000,000 | 348,000,000 | 196,000,000 | 123,000,000 | 105,000,000 | 100,000,000 | 121,000,000 | 143,000,000 | 147,000,000 | 149,000,000 | 127,000,000 | 180,000,000 | 180,000,000 | 174,000,000 | 116,000,000 | 125,000,000 | 132,000,000 | 98,000,000 | 97,000,000 | 79,000,000 | 72,000,000 | 74,000,000 | 87,000,000 | 102,000,000 | 100,000,000 | 134,000,000 | 124,000,000 | 95,000,000 | 114,000,000 | 132,000,000 | 116,100,000 | 121,700,000 | 100,900,000 | 106,700,000 | 104,000,000 | 111,400,000 | 102,100,000 | 74,400,000 | 82,300,000 | 82,000,000 | 84,700,000 | 95,300,000 | 98,400,000 | 85,400,000 | 109,700,000 | 93,900,000 | 110,600,000 | 88,100,000 | 102,000,000 | 119,300,000 | 99,700,000 | 84,300,000 | 105,200,000 | 102,000,000 | 102,700,000 | 152,300,000 | ||||||||||||||||||
prepaid expenses, assets held-for-sale, and other current assets | 208,000,000 | 201,000,000 | 161,000,000 | 328,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
obligation for pension and postretirement medical benefits | 558,000,000 | 660,000,000 | 663,000,000 | 665,000,000 | 601,000,000 | 581,000,000 | 577,000,000 | 571,000,000 | 467,000,000 | 522,000,000 | 513,000,000 | 470,000,000 | 464,000,000 | 458,000,000 | 323,000,000 | 336,000,000 | 334,000,000 | 272,000,000 | 271,000,000 | 270,000,000 | 270,000,000 | 249,000,000 | 247,000,000 | 247,000,000 | 124,000,000 | 123,000,000 | 122,000,000 | 123,000,000 | 470,000,000 | 479,000,000 | 447,900,000 | 452,900,000 | 458,400,000 | 336,300,000 | 361,200,000 | 364,100,000 | 412,800,000 | 583,300,000 | 589,400,000 | 584,700,000 | |||||||||||||||||||||||||||||||||||
other liabilities and credits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other liabilities and credits | 4,408,000,000 | 4,197,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred payroll support program grant | 361,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent liabilities - sum | 4,415,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables—net | 389,000,000 | 358,000,000 | 422,000,000 | 411,000,000 | 350,000,000 | 301,000,000 | 326,000,000 | 321,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories and supplies—net | 55,000,000 | 58,000,000 | 57,000,000 | 57,000,000 | 62,000,000 | 57,000,000 | 52,000,000 | 50,000,000 | 51,900,000 | 46,600,000 | 44,700,000 | 44,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities and credits: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders' equity: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total property and equipment—net | 6,495,000,000 | 6,493,000,000 | 6,403,000,000 | 6,230,000,000 | 6,002,000,000 | 5,809,000,000 | 3,167,700,000 | 2,962,300,000 | 2,359,000,000 | 2,032,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets | 128,000,000 | 130,000,000 | 132,000,000 | 135,000,000 | 137,000,000 | 139,000,000 | 38,600,000 | 38,600,000 | 38,600,000 | 38,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables - less allowance for doubtful accounts of 1 and 1 | 212,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value authorized: 5,000,000 shares, none issued or outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 1,000,000 | 69,000,000 | 69,000,000 | 70,000,000 | 70,000,000 | 70,200,000 | 70,700,000 | 71,200,000 | 37,800,000 | 37,700,000 | 37,400,000 | 42,900,000 | 42,200,000 | 35,900,000 | 29,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1 par value authorized: 5,000,000 shares, none issued or outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables - less allowance for doubtful accounts of 1 and 0 | 152,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel hedge contracts | 12,000,000 | 14,000,000 | 21,000,000 | 35,400,000 | 22,000,000 | 58,700,000 | 31,000,000 | 71,400,000 | 118,900,000 | 58,900,000 | 39,400,000 | 13,400,000 | 16,500,000 | 68,800,000 | 233,300,000 | 104,100,000 | 100,700,000 | 60,600,000 | 54,600,000 | 58,000,000 | 45,900,000 | 55,100,000 | 93,800,000 | 98,900,000 | 101,400,000 | 140,700,000 | 123,600,000 | 124,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||
accrued aircraft rent | 12,000,000 | 7,800,000 | 9,700,000 | 4,800,000 | 36,700,000 | 28,100,000 | 20,600,000 | 35,800,000 | 61,600,000 | 52,200,000 | 64,400,000 | 59,000,000 | 56,800,000 | 52,700,000 | 73,400,000 | 61,900,000 | 55,700,000 | 56,100,000 | 56,800,000 | 50,300,000 | 58,600,000 | 65,200,000 | 71,800,000 | 64,000,000 | 58,500,000 | 64,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
receivables – net | 148,300,000 | 167,800,000 | 161,200,000 | 119,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories and supplies – net | 44,300,000 | 52,600,000 | 45,700,000 | 43,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total property and equipment – net | 3,350,100,000 | 3,249,900,000 | 3,202,200,000 | 1,823,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to condensed consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
condensed consolidated balance sheets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
alaska air group, inc. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 1 par value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized: 5,000,000 shares, none issued or outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized: 100,000,000 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued: 2010 - 36,174,693 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2009 - 35,843,092 shares | 36,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2009 - 252,084 shares | -13,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel hedge contracts liability | 4,100,000 | 5,700,000 | 24,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued: 2009 - 43,319,031 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2008 - 43,171,404 shares | 43,300,000 | 43,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2008 - 6,896,506 shares | -172,800,000 | -161,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued: 2009 - 43,263,925 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities lending collateral | 101,100,000 | 111,300,000 | 106,700,000 | 111,900,000 | 109,900,000 | 104,900,000 | 109,600,000 | 111,300,000 | 111,400,000 | 112,200,000 | 108,700,000 | 112,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables—less allowance for doubtful accounts of 1.5 and 1.6 | 116,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities lending obligation | 101,100,000 | 111,300,000 | 106,700,000 | 111,900,000 | 109,900,000 | 104,900,000 | 109,600,000 | 111,300,000 | 111,400,000 | 112,200,000 | 108,700,000 | 112,000,000 | 76,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued: 2008—43,171,404 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2007—42,821,986 shares | 43,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2007—4,771,306 shares | -161,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareholders’ equity | 4,835,600,000 | 5,065,900,000 | 5,095,500,000 | 4,777,100,000 | 4,490,900,000 | 4,456,900,000 | 4,479,400,000 | 4,343,100,000 | 4,077,100,000 | 4,091,800,000 | 3,888,200,000 | 3,792,000,000 | 3,509,700,000 | 3,370,500,000 | 3,300,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued: 2008 - 43,105,423 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2007 - 42,821,986 shares | 43,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2007 - 4,771,306 shares | -161,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued: 2008 - 42,866,235 shares 2007 - 42,821,986 shares | 42,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables—less allowance for doubtful accounts of 1.6 and 2.9 | 138,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued: 2007—42,821,986 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2006—42,501,163 shares | 42,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2006—2,207,474 shares | -112,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued: 2007 - 42,699,874 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2006 - 42,501,163 shares | 42,700,000 | 42,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2006 - 2,207,474 shares | -54,800,000 | -49,700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued: 2007 - 42,655,368 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued: 2007 - 42,616,739 shares 2006 - 42,501,163 shares | 42,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables—less allowance for doubtful accounts of 2.9 and 2.7 | 134,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible asset related to additional minimum pension liability | 33,600,000 | 33,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued: 2006—42,501,163 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2005— 35,932,925 shares | 42,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2005—2,478,779 shares | -50,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred stock-based compensation | -8,100,000 | -9,200,000 | -2,800,000 | -3,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets related to additional minimum pension liability | 33,600,000 | 33,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued: 2006 - 42,336,784 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2005 - 35,932,925 shares | 42,300,000 | 36,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2005 - 2,478,779 shares | -52,800,000 | -53,400,000 | -56,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued: 2006 - 35,972,362 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables—less allowance for doubtful accounts | 124,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt and capital lease obligations | 113,500,000 | 57,600,000 | 57,000,000 | 54,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt and capital lease obligations, net of current portion | 969,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted securities lending collateral | 76,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft purchase deposits | 214,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt and capital lease obligations | 970,000,000 | 979,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued: 2005 -30,130,917 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2004 - 29,777,388 shares | 30,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2004 - 2,651,368 shares | -57,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables — net | 125,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
inventories and supplies — net | 46,100,000 | 42,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total property and equipment — net | 1,932,000,000 | 1,908,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued: 2005 -29,880,002 shares 2004 - 29,777,388 shares | 29,900,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
flight equipment | 2,225,000,000 | 2,294,300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt and capital lease obligations, net of current | 980,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
authorized: 100,000,000 shares issued: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued: 2005 - 29,832,756 shares 2004 - 29,777,388 shares | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables — less allowance for doubtful accounts | 99,400,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-03-31 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-05-08 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 | 2007-06-30 | 2007-03-31 | 2006-12-31 | 2006-09-30 | 2006-06-30 | 2006-03-31 | 2005-12-31 | 2005-09-30 | 2005-06-30 | 2005-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | -193,000,000 | -166,000,000 | -132,000,000 | -142,000,000 | -143,000,000 | -131,000,000 | -19,200,000 | -35,900,000 | 55,500,000 | -79,100,000 | 17,400,000 | -80,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 204,000,000 | 199,000,000 | 203,000,000 | 199,000,000 | 194,000,000 | 190,000,000 | 139,000,000 | 128,000,000 | 126,000,000 | 121,000,000 | 113,000,000 | 113,000,000 | 104,000,000 | 105,000,000 | 104,000,000 | 104,000,000 | 102,000,000 | 100,000,000 | 99,000,000 | 98,000,000 | 97,000,000 | 100,000,000 | 105,000,000 | 107,000,000 | 108,000,000 | 106,000,000 | 106,000,000 | 105,000,000 | 106,000,000 | 108,000,000 | 99,000,000 | 97,000,000 | 94,000,000 | 95,000,000 | 90,000,000 | 90,000,000 | 101,000,000 | 92,000,000 | 88,000,000 | 81,000,000 | 79,000,000 | 76,000,000 | 70,000,000 | 67,000,000 | 69,000,000 | 65,900,000 | 65,800,000 | 63,700,000 | 62,200,000 | 61,700,000 | 60,300,000 | 57,800,000 | 58,000,000 | 56,200,000 | 56,900,000 | 55,600,000 | 53,900,000 | 52,800,000 | 51,700,000 | 52,100,000 | 51,500,000 | 49,300,000 | 45,100,000 | 46,600,000 | 43,800,000 | 41,900,000 | 43,400,000 | 40,500,000 | 36,700,000 | 36,900,000 | 37,600,000 | 36,300,000 | 35,300,000 | 34,200,000 |
stock-based compensation and other | 25,000,000 | 19,000,000 | -19,000,000 | -10,000,000 | 20,000,000 | 8,000,000 | 18,000,000 | 18,000,000 | 19,000,000 | 12,000,000 | 17,000,000 | 33,000,000 | 23,000,000 | 9,000,000 | 13,000,000 | 15,000,000 | 5,000,000 | 16,000,000 | 11,000,000 | 12,000,000 | 12,000,000 | 10,000,000 | 7,000,000 | -2,000,000 | 9,000,000 | 9,000,000 | 4,000,000 | 5,000,000 | 11,000,000 | 13,000,000 | 17,000,000 | 9,000,000 | 8,000,000 | 18,000,000 | 12,000,000 | 13,000,000 | 6,000,000 | 4,000,000 | 9,000,000 | 8,000,000 | 5,000,000 | 9,000,000 | 4,000,000 | 3,000,000 | 14,000,000 | 2,300,000 | 200,000 | 5,300,000 | ||||||||||||||||||||||||||
non-cash special items | -1,000,000 | 0 | 0 | 52,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in certain assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in deferred income taxes | -124,000,000 | 10,000,000 | 36,000,000 | 66,000,000 | -65,000,000 | 8,000,000 | 80,000,000 | 94,000,000 | -47,000,000 | -9,000,000 | 63,000,000 | 83,000,000 | -56,000,000 | 27,000,000 | -38,000,000 | -6,000,000 | 9,000,000 | -2,000,000 | 18,000,000 | 43,800,000 | 31,700,000 | 25,800,000 | 20,100,000 | 61,100,000 | -34,600,000 | -41,200,000 | 38,600,000 | -23,800,000 | -14,800,000 | 51,700,000 | -3,600,000 | -11,900,000 | 28,500,000 | -47,000,000 | -17,100,000 | 51,800,000 | 10,600,000 | 6,300,000 | ||||||||||||||||||||||||||||||||||||
increase in accounts receivable | -65,000,000 | 22,000,000 | 145,000,000 | -160,000,000 | -11,000,000 | -30,000,000 | 0 | -55,000,000 | 10,000,000 | -11,000,000 | -44,000,000 | 56,000,000 | -3,000,000 | -112,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in air traffic liability | 689,000,000 | -249,000,000 | -189,000,000 | -77,000,000 | 492,000,000 | -166,000,000 | -211,000,000 | -28,000,000 | 468,000,000 | -223,000,000 | -215,000,000 | -39,000,000 | 433,000,000 | -287,000,000 | -311,000,000 | 135,000,000 | 480,000,000 | -62,000,000 | -308,000,000 | 236,000,000 | 224,000,000 | 2,000,000 | -60,000,000 | 21,000,000 | 210,000,000 | -132,000,000 | -141,000,000 | 57,000,000 | 328,000,000 | -162,000,000 | -162,000,000 | -10,000,000 | 316,000,000 | -152,000,000 | 37,000,000 | 369,000,000 | -85,000,000 | 2,000,000 | 199,000,000 | -80,000,000 | 26,000,000 | 183,000,000 | 185,000,000 | 33,000,000 | 157,000,000 | -83,600,000 | 13,200,000 | 164,600,000 | -53,400,000 | 9,100,000 | 163,000,000 | -67,000,000 | 60,100,000 | 102,600,000 | -30,800,000 | -24,400,000 | 21,900,000 | 26,900,000 | -88,500,000 | -71,000,000 | 58,600,000 | 109,100,000 | -41,600,000 | -87,900,000 | 41,800,000 | 140,100,000 | -47,000,000 | -72,800,000 | 35,300,000 | 103,900,000 | -28,700,000 | -55,100,000 | 35,300,000 | 90,100,000 |
increase in deferred revenue | 48,000,000 | 0 | -39,000,000 | 158,000,000 | 58,000,000 | 64,000,000 | 14,000,000 | 8,000,000 | 30,000,000 | 4,000,000 | 22,000,000 | 34,000,000 | 46,000,000 | 16,000,000 | 40,000,000 | 9,000,000 | 74,000,000 | 8,000,000 | 4,000,000 | 21,000,000 | 48,000,000 | 95,000,000 | 109,000,000 | 51,000,000 | 33,000,000 | 19,000,000 | 22,000,000 | 34,000,000 | 41,000,000 | 43,000,000 | 54,000,000 | 26,000,000 | 26,000,000 | 31,000,000 | 14,000,000 | 1,000,000 | 12,000,000 | 12,000,000 | 36,000,000 | 15,000,000 | 19,000,000 | 8,000,000 | -1,000,000 | 9,400,000 | ||||||||||||||||||||||||||||||
other - net | -163,000,000 | 164,000,000 | 19,000,000 | 28,000,000 | -115,000,000 | 216,000,000 | 68,000,000 | 163,000,000 | -140,000,000 | -9,000,000 | -35,000,000 | -17,000,000 | -206,000,000 | -47,000,000 | 63,000,000 | 99,000,000 | -136,000,000 | 110,000,000 | -59,000,000 | 31,000,000 | -73,000,000 | -52,000,000 | 112,000,000 | -51,000,000 | -211,000,000 | 11,000,000 | -45,000,000 | 17,000,000 | 15,000,000 | 50,000,000 | 95,000,000 | -119,000,000 | 152,000,000 | -106,000,000 | 8,600,000 | 40,500,000 | -93,800,000 | |||||||||||||||||||||||||||||||||||||
net cash from operating activities | 421,000,000 | 185,000,000 | 229,000,000 | 376,000,000 | 459,000,000 | 274,000,000 | 318,000,000 | 580,000,000 | 292,000,000 | -53,000,000 | 271,000,000 | 610,000,000 | 222,000,000 | 9,000,000 | 174,000,000 | 948,000,000 | 287,000,000 | 129,000,000 | -106,000,000 | 840,000,000 | 167,000,000 | -350,000,000 | -205,000,000 | 288,000,000 | 33,000,000 | 341,000,000 | 348,000,000 | 565,000,000 | 468,000,000 | 209,000,000 | 260,000,000 | 420,000,000 | 306,000,000 | 273,000,000 | 614,000,000 | 470,000,000 | 307,000,000 | 374,000,000 | 525,000,000 | 340,000,000 | 375,000,000 | 514,000,000 | 242,000,000 | 380,000,000 | 212,000,000 | 181,600,000 | 272,400,000 | 183,300,000 | 240,100,000 | 249,900,000 | 118,800,000 | 172,800,000 | 279,100,000 | 54,500,000 | -300,000 | 179,600,000 | 110,700,000 | 15,300,000 | 23,300,000 | 36,900,000 | 69,700,000 | 34,400,000 | 108,600,000 | 106,200,000 | 203,100,000 | 64,100,000 | 60,900,000 | 151,500,000 | 152,200,000 | 85,200,000 | 91,700,000 | 89,900,000 | 93,600,000 | -3,300,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 421,000,000 | 185,000,000 | 229,000,000 | 376,000,000 | 459,000,000 | 274,000,000 | 318,000,000 | 580,000,000 | 292,000,000 | -53,000,000 | 271,000,000 | 610,000,000 | 222,000,000 | 9,000,000 | 174,000,000 | 948,000,000 | 287,000,000 | 129,000,000 | -106,000,000 | 840,000,000 | 167,000,000 | -350,000,000 | -205,000,000 | 288,000,000 | 33,000,000 | 341,000,000 | 348,000,000 | 565,000,000 | 468,000,000 | 209,000,000 | 260,000,000 | 420,000,000 | 306,000,000 | 273,000,000 | 614,000,000 | 470,000,000 | 307,000,000 | 374,000,000 | 525,000,000 | 340,000,000 | 375,000,000 | 514,000,000 | 242,000,000 | 380,000,000 | 212,000,000 | 181,600,000 | 272,400,000 | 183,300,000 | 240,100,000 | 249,900,000 | 118,800,000 | 172,800,000 | 279,100,000 | 54,500,000 | -300,000 | 179,600,000 | 110,700,000 | 15,300,000 | 23,300,000 | 36,900,000 | 69,700,000 | 34,400,000 | 108,600,000 | 106,200,000 | 203,100,000 | 64,100,000 | 60,900,000 | 151,500,000 | 152,200,000 | 85,200,000 | 91,700,000 | 89,900,000 | 93,600,000 | -3,300,000 |
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment additions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft, aircraft purchase deposits, and other flight equipment | -308,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other property and equipment | -30,000,000 | -90,000,000 | -91,000,000 | -86,000,000 | -42,000,000 | -91,000,000 | -58,000,000 | -100,000,000 | -44,000,000 | -73,000,000 | -62,000,000 | -83,000,000 | -24,000,000 | -88,000,000 | -49,000,000 | 3,000,000 | -57,000,000 | -38,000,000 | -26,000,000 | -21,000,000 | -13,000,000 | 7,000,000 | -27,000,000 | -40,000,000 | -27,000,000 | -46,000,000 | -38,000,000 | -45,000,000 | -33,000,000 | -40,000,000 | -33,000,000 | -25,000,000 | -71,000,000 | -29,000,000 | -27,000,000 | -36,000,000 | -25,000,000 | -28,000,000 | -13,000,000 | -18,000,000 | -13,000,000 | -13,000,000 | -11,000,000 | -6,000,000 | -7,000,000 | -9,600,000 | -4,800,000 | -14,900,000 | -10,100,000 | -7,200,000 | -6,700,000 | -13,400,000 | -7,400,000 | -10,100,000 | -9,700,000 | -5,100,000 | -12,900,000 | -11,400,000 | -9,800,000 | -15,600,000 | -14,200,000 | -20,100,000 | -23,800,000 | -1,000,000 | -7,600,000 | -8,800,000 | -2,500,000 | |||||||
purchases of marketable securities | -332,000,000 | -240,000,000 | -395,000,000 | -374,000,000 | -470,000,000 | -404,000,000 | -265,000,000 | -150,000,000 | -13,000,000 | -17,000,000 | -130,000,000 | -188,000,000 | -201,000,000 | -127,000,000 | -260,000,000 | -858,000,000 | -552,000,000 | -888,000,000 | -889,000,000 | -1,281,000,000 | -1,243,000,000 | -870,000,000 | -1,088,000,000 | -477,000,000 | -527,000,000 | -364,000,000 | -561,000,000 | -534,000,000 | -351,000,000 | -162,000,000 | -143,000,000 | -291,000,000 | -238,000,000 | -398,000,000 | -453,000,000 | -557,000,000 | -165,000,000 | -252,000,000 | -358,000,000 | -165,000,000 | -308,000,000 | -403,000,000 | -305,000,000 | -440,000,000 | -280,000,000 | -273,600,000 | -297,100,000 | -240,100,000 | -218,600,000 | -294,100,000 | -284,000,000 | -174,800,000 | -252,800,000 | -354,500,000 | -160,500,000 | -157,600,000 | -134,300,000 | -214,900,000 | -259,200,000 | -286,100,000 | -183,300,000 | -214,900,000 | -252,300,000 | -231,000,000 | -108,300,000 | -275,800,000 | -310,400,000 | -471,300,000 | -127,000,000 | |||||
sales and maturities of marketable securities | 504,000,000 | 242,000,000 | 282,000,000 | 429,000,000 | 336,000,000 | 608,000,000 | 865,000,000 | 155,000,000 | 133,000,000 | 346,000,000 | 232,000,000 | 186,000,000 | 388,000,000 | 521,000,000 | 408,000,000 | 443,000,000 | 880,000,000 | 926,000,000 | 1,108,000,000 | 829,000,000 | 732,000,000 | 798,000,000 | 482,000,000 | 527,000,000 | 511,000,000 | 446,000,000 | 565,000,000 | 388,000,000 | 275,000,000 | 259,000,000 | 383,000,000 | 173,000,000 | 301,000,000 | 528,000,000 | 256,000,000 | 285,000,000 | 281,000,000 | 217,000,000 | 140,000,000 | 142,000,000 | 417,000,000 | 259,000,000 | 227,000,000 | 226,000,000 | 239,000,000 | 271,100,000 | 242,300,000 | 188,100,000 | 238,200,000 | 145,000,000 | 314,000,000 | 200,400,000 | 185,200,000 | 261,000,000 | 203,200,000 | 160,800,000 | 209,100,000 | 151,900,000 | 180,900,000 | 136,100,000 | 87,500,000 | 175,100,000 | 479,700,000 | 211,400,000 | 179,300,000 | 450,700,000 | 386,700,000 | 262,400,000 | 140,400,000 | 146,400,000 | 84,700,000 | 285,400,000 | 293,900,000 | 457,400,000 |
other investing activities | -3,000,000 | -4,000,000 | 86,000,000 | 82,000,000 | -9,000,000 | 27,000,000 | 156,000,000 | -61,000,000 | 93,000,000 | -12,000,000 | -76,000,000 | -27,000,000 | -3,000,000 | -4,000,000 | 0 | -1,000,000 | -1,000,000 | -3,000,000 | -4,000,000 | 0 | -5,000,000 | -31,000,000 | -1,000,000 | 2,000,000 | 8,000,000 | 12,000,000 | 20,000,000 | 5,000,000 | 26,000,000 | 2,000,000 | 8,000,000 | 28,000,000 | ||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -169,000,000 | -627,000,000 | -249,000,000 | -366,000,000 | -381,000,000 | -198,000,000 | -301,000,000 | -453,000,000 | 318,000,000 | -154,000,000 | -331,000,000 | -539,000,000 | 60,000,000 | -330,000,000 | -167,000,000 | -760,000,000 | 39,000,000 | -65,000,000 | 127,000,000 | -527,000,000 | -543,000,000 | 174,000,000 | -643,000,000 | 3,000,000 | -127,000,000 | -83,000,000 | -178,000,000 | -344,000,000 | -186,000,000 | -298,000,000 | 135,000,000 | -304,000,000 | -164,000,000 | -171,000,000 | -483,000,000 | -488,000,000 | -51,000,000 | -254,000,000 | -336,000,000 | -133,000,000 | -173,000,000 | -421,000,000 | -164,000,000 | -361,000,000 | -151,000,000 | -102,800,000 | -237,300,000 | -173,400,000 | -59,100,000 | -192,000,000 | -47,900,000 | -64,100,000 | -130,700,000 | -226,800,000 | -235,800,000 | 25,500,000 | -118,100,000 | -267,100,000 | -221,600,000 | 21,000,000 | -144,800,000 | 6,000,000 | -190,300,000 | -215,900,000 | -132,800,000 | -301,100,000 | -97,200,000 | -311,800,000 | 229,000,000 | |||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt, net of issuance costs | 110,000,000 | 430,000,000 | 210,000,000 | 1,966,000,000 | 65,000,000 | 130,000,000 | 149,000,000 | 98,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt payments | -340,000,000 | -130,000,000 | -153,000,000 | -80,000,000 | -156,000,000 | -1,636,000,000 | -130,000,000 | -47,000,000 | -102,000,000 | -40,000,000 | -93,000,000 | -53,000,000 | -96,000,000 | -52,000,000 | -94,000,000 | -69,000,000 | -170,000,000 | -112,000,000 | -541,000,000 | -566,000,000 | -115,000,000 | -327,000,000 | -113,000,000 | -65,000,000 | -60,000,000 | -306,000,000 | -220,000,000 | -139,000,000 | -393,000,000 | -263,000,000 | -286,000,000 | -138,000,000 | -120,000,000 | -106,000,000 | -58,000,000 | -101,000,000 | -36,000,000 | -21,000,000 | -36,000,000 | -35,000,000 | -23,000,000 | -35,000,000 | -37,000,000 | -21,000,000 | -88,000,000 | -74,500,000 | -106,300,000 | -59,100,000 | -100,400,000 | -34,200,000 | -60,000,000 | -124,300,000 | -95,000,000 | -66,800,000 | -57,100,000 | -35,300,000 | -19,900,000 | -9,300,000 | ||||||||||||||||
common stock repurchases | -193,000,000 | -30,000,000 | -5,000,000 | -430,000,000 | -105,000,000 | -249,000,000 | -14,000,000 | -29,000,000 | -20,000,000 | -67,000,000 | -13,000,000 | -39,000,000 | -18,000,000 | 0 | 0 | 0 | -31,000,000 | -22,000,000 | -28,000,000 | -12,000,000 | -13,000,000 | -13,000,000 | -12,000,000 | -13,000,000 | -12,000,000 | -28,000,000 | 0 | -66,000,000 | -127,000,000 | -119,000,000 | -160,000,000 | -102,000,000 | -30,000,000 | -32,000,000 | -19,000,000 | -25,400,000 | -17,500,000 | -8,800,000 | ||||||||||||||||||||||||||||||||||||
other financing activities | -5,000,000 | 21,000,000 | 2,000,000 | 34,000,000 | 25,000,000 | 31,000,000 | -1,000,000 | 38,000,000 | -32,000,000 | -150,000,000 | -30,000,000 | 23,000,000 | 4,000,000 | 31,000,000 | 2,000,000 | 23,000,000 | -3,000,000 | 29,000,000 | 8,000,000 | 39,000,000 | -8,000,000 | 32,000,000 | -5,000,000 | 3,000,000 | 14,000,000 | 2,000,000 | 24,000,000 | -4,000,000 | 18,000,000 | 0 | 15,000,000 | 15,000,000 | 1,000,000 | 11,000,000 | 5,000,000 | 4,000,000 | 13,000,000 | 16,000,000 | 1,000,000 | 14,000,000 | 16,000,000 | -6,000,000 | 8,000,000 | 4,700,000 | 16,400,000 | 200,000 | 4,600,000 | 300,000 | -13,900,000 | |||||||||||||||||||||||||
net cash from financing activities | -428,000,000 | 291,000,000 | 54,000,000 | -308,000,000 | -236,000,000 | 112,000,000 | -80,000,000 | 92,000,000 | -5,000,000 | -159,000,000 | 177,000,000 | -51,000,000 | -114,000,000 | -29,000,000 | -90,000,000 | -38,000,000 | -168,000,000 | -89,000,000 | -544,000,000 | -363,000,000 | 82,000,000 | -305,000,000 | 1,195,000,000 | 407,000,000 | 684,000,000 | -275,000,000 | -175,000,000 | -192,000,000 | -171,000,000 | 19,000,000 | -319,000,000 | -191,000,000 | -156,000,000 | -116,000,000 | -127,000,000 | -117,000,000 | -184,000,000 | -164,000,000 | -208,000,000 | -149,000,000 | -68,000,000 | -57,000,000 | -88,000,000 | -86,700,000 | -47,900,000 | -63,900,000 | -92,600,000 | -96,700,000 | -53,100,000 | 58,600,000 | -42,200,000 | 42,300,000 | 174,500,000 | -25,000,000 | 161,400,000 | 164,600,000 | 194,800,000 | -5,600,000 | -39,300,000 | -4,400,000 | 142,700,000 | 11,500,000 | 50,600,000 | 63,700,000 | 114,500,000 | 256,300,000 | 2,800,000 | 3,300,000 | -7,600,000 | |||||
net decrease in cash and cash equivalents | -176,000,000 | -38,000,000 | -27,000,000 | -7,900,000 | -12,800,000 | -54,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of period | 684,000,000 | 0 | 0 | 0 | 1,257,000,000 | 0 | 0 | 0 | 308,000,000 | 0 | 0 | 0 | 369,000,000 | 0 | 0 | 494,000,000 | 0 | 0 | 1,386,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of period | 508,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the period for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest, net of amount capitalized | 70,000,000 | 46,000,000 | 69,000,000 | 41,000,000 | 67,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash transactions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right-of-use assets acquired through operating leases | 78,000,000 | 6,000,000 | 93,000,000 | 12,000,000 | 62,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment acquired through the issuance of debt | 0 | 0 | 46,000,000 | 23,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 451,000,000 | -151,000,000 | 28,000,000 | -294,000,000 | 1,044,000,000 | -51,000,000 | 1,076,000,000 | -485,000,000 | 346,000,000 | 698,000,000 | 811,000,000 | -16,000,000 | -7,000,000 | 29,000,000 | 215,000,000 | -69,000,000 | 72,000,000 | -75,000,000 | 177,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 27,000,000 | 0 | 0 | 0 | 28,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash included in other noncurrent assets | 30,000,000 | 0 | 6,000,000 | -4,000,000 | 27,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents, and restricted cash at end of period | 508,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 21,000,000 | 73,000,000 | 71,000,000 | 236,000,000 | -2,000,000 | 139,000,000 | 22,000,000 | 40,000,000 | 18,000,000 | 194,000,000 | -447,000,000 | -431,000,000 | -214,000,000 | -232,000,000 | 181,000,000 | 322,000,000 | 262,000,000 | 4,000,000 | 23,000,000 | 217,000,000 | 193,000,000 | 4,000,000 | 266,000,000 | 296,000,000 | 99,000,000 | 256,000,000 | 260,000,000 | 184,000,000 | 274,000,000 | 234,000,000 | 149,000,000 | 94,000,000 | 104,000,000 | 37,000,000 | 163,400,000 | 67,500,000 | 40,800,000 | 77,500,000 | 28,800,000 | 74,200,000 | 122,400,000 | 58,600,000 | 5,300,000 | 24,100,000 | 87,600,000 | -75,200,000 | -87,900,000 | 3,400,000 | 85,800,000 | -33,000,000 | ||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft and aircraft purchase deposits | -463,000,000 | -77,000,000 | -381,000,000 | -142,000,000 | -285,000,000 | -152,000,000 | -411,000,000 | 31,000,000 | -386,000,000 | -255,000,000 | -364,000,000 | -50,000,000 | -584,000,000 | -179,000,000 | -302,000,000 | -207,000,000 | -16,000,000 | -22,000,000 | -27,000,000 | -3,000,000 | -3,000,000 | -3,000,000 | -1,000,000 | -57,000,000 | -70,000,000 | -114,000,000 | -119,000,000 | -53,000,000 | -337,000,000 | -78,000,000 | -136,000,000 | -135,000,000 | -275,000,000 | -244,000,000 | -160,000,000 | -140,000,000 | -177,000,000 | -91,000,000 | -73,000,000 | -245,000,000 | -245,000,000 | -65,000,000 | -143,000,000 | -90,000,000 | -69,200,000 | -147,500,000 | -80,900,000 | -64,000,000 | -40,300,000 | -5,000,000 | -72,200,000 | -25,900,000 | -69,600,000 | -199,500,000 | 30,200,000 | -104,900,000 | -125,000,000 | -117,400,000 | -138,800,000 | -187,200,000 | -135,300,000 | -191,500,000 | -104,000,000 | -161,000,000 | -91,400,000 | |||||||||
other flight equipment | -72,000,000 | -54,000,000 | -36,000,000 | -54,000,000 | -53,000,000 | -55,000,000 | -19,000,000 | -44,000,000 | -44,000,000 | -40,000,000 | -63,000,000 | -50,000,000 | -52,000,000 | -87,000,000 | -45,000,000 | -24,000,000 | -48,000,000 | -40,000,000 | -27,000,000 | -11,000,000 | -6,000,000 | -6,000,000 | -8,000,000 | -35,000,000 | -53,000,000 | -42,000,000 | -54,000,000 | -29,000,000 | -29,000,000 | -20,000,000 | -27,000,000 | -29,000,000 | -25,000,000 | -25,000,000 | -20,000,000 | -4,000,000 | -16,000,000 | -15,000,000 | -18,000,000 | -22,000,000 | -21,000,000 | -17,000,000 | -6,000,000 | -6,000,000 | -6,100,000 | -4,400,000 | -2,300,000 | 32,000,000 | -38,400,000 | -14,200,000 | -5,500,000 | -5,500,000 | -2,600,000 | -17,000,000 | -27,400,000 | -8,600,000 | -3,600,000 | -16,900,000 | -20,700,000 | 15,300,000 | -10,200,000 | -1,000,000 | -22,200,000 | -4,400,000 | -7,000,000 | -1,900,000 | ||||||||
acquisition of hawaiian, net of cash acquired | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplier proceeds | 0 | 0 | 0 | 162,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -151,000,000 | 34,000,000 | -298,000,000 | -158,000,000 | 188,000,000 | -63,000,000 | 219,000,000 | 605,000,000 | 117,000,000 | 20,000,000 | 168,000,000 | -54,000,000 | 15,000,000 | -145,000,000 | 1,737,000,000 | 3,000,000 | 5,000,000 | 43,000,000 | -6,000,000 | -56,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the year for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes, net of refunds received | 29,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating leases converted to finance leases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of the period | 34,000,000 | -298,000,000 | 1,099,000,000 | -63,000,000 | 219,000,000 | 913,000,000 | 117,000,000 | 20,000,000 | 537,000,000 | -83,000,000 | 150,000,000 | 652,000,000 | -523,000,000 | -50,000,000 | 1,092,000,000 | 347,000,000 | 698,000,000 | 822,000,000 | -5,000,000 | 29,000,000 | 225,000,000 | 76,000,000 | -75,000,000 | 183,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents, and restricted cash at end of the period | 34,000,000 | -298,000,000 | 1,099,000,000 | -50,000,000 | 1,092,000,000 | -481,000,000 | 347,000,000 | 698,000,000 | 822,000,000 | -17,000,000 | -5,000,000 | 29,000,000 | 225,000,000 | -70,000,000 | 76,000,000 | -75,000,000 | 183,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special items | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accounts receivable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
federal income tax refund | 35,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special items - operating | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fleet transition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special items - fleet transition | 23,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special items - labor and other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total property and equipment additions | -57,000,000 | -503,000,000 | -357,000,000 | -510,000,000 | -124,000,000 | -109,000,000 | -280,000,000 | -279,000,000 | -93,000,000 | -155,000,000 | -103,000,000 | -84,900,000 | -156,700,000 | -98,100,000 | -42,100,000 | -85,900,000 | -25,900,000 | -91,100,000 | -38,800,000 | -82,300,000 | -226,200,000 | -2,300,000 | -126,400,000 | -140,000,000 | -144,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
special items - fleet transition and other | 27,000,000 | 157,000,000 | 174,000,000 | 13,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special items - labor and related | 0 | 0 | 0 | 51,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special items - restructuring charges | 2,000,000 | 0 | -23,000,000 | 11,000,000 | -102,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension contribution | 0 | 0 | -11,800,000 | -11,800,000 | -11,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposition of assets | 7,500,000 | 11,000,000 | 1,400,000 | 1,400,000 | 1,900,000 | 1,400,000 | 1,600,000 | 900,000 | 1,900,000 | 2,300,000 | 3,300,000 | 900,000 | 0 | 5,400,000 | 3,400,000 | 5,900,000 | 52,200,000 | 1,900,000 | 3,000,000 | 300,000 | 100,000 | 200,000 | 1,100,000 | 2,000,000 | 1,400,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
special items - impairment charges and other | -6,000,000 | -9,000,000 | -4,000,000 | 18,000,000 | 277,000,000 | 121,000,000 | 69,000,000 | 160,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividend paid | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at beginning of year | 0 | 0 | 0 | 232,000,000 | 0 | 0 | 0 | 114,000,000 | 0 | 0 | 0 | 197,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special items - restructuring | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in deferred tax provision | 44,000,000 | -58,000,000 | 9,000,000 | 62,000,000 | 72,000,000 | -39,000,000 | -80,000,000 | -122,000,000 | -54,000,000 | -44,000,000 | 22,000,000 | 125,000,000 | 60,000,000 | 2,000,000 | 24,000,000 | 55,000,000 | 65,000,000 | 2,000,000 | 85,000,000 | 84,000,000 | 48,000,000 | 6,000,000 | 49,000,000 | -8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment additions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total property and equipment additions, including capitalized interest | -315,000,000 | -344,000,000 | -288,000,000 | -88,000,000 | -75,000,000 | -27,000,000 | -36,000,000 | -49,000,000 | -119,000,000 | -194,000,000 | -218,000,000 | -115,000,000 | -131,000,000 | -188,000,000 | -235,000,000 | -329,000,000 | -296,000,000 | -216,000,000 | -169,000,000 | -221,000,000 | -119,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of debt | 0 | 174,000,000 | 189,000,000 | 1,316,000,000 | 440,000,000 | 825,000,000 | 102,000,000 | 0 | 254,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | -83,000,000 | 150,000,000 | 158,000,000 | -25,000,000 | -523,000,000 | -50,000,000 | -294,000,000 | -481,000,000 | 347,000,000 | 698,000,000 | 590,000,000 | -17,000,000 | -5,000,000 | 29,000,000 | 111,000,000 | -70,000,000 | 76,000,000 | -75,000,000 | -14,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net gain to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special items - fleet transition and related charges | 146,000,000 | 75,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid | 0 | 0 | -45,000,000 | -43,000,000 | -43,000,000 | -43,000,000 | -39,000,000 | -40,000,000 | -39,000,000 | -37,000,000 | -37,000,000 | -37,000,000 | -34,000,000 | -34,000,000 | -34,000,000 | -26,000,000 | -26,000,000 | -26,000,000 | -17,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 11,000,000 | 50,000,000 | 13,000,000 | 16,000,000 | 9,000,000 | 14,000,000 | 16,000,000 | 18,000,000 | 21,000,000 | 15,000,000 | 24,000,000 | 26,000,000 | 16,000,000 | 26,000,000 | 4,000,000 | 0 | 8,000,000 | 1,000,000 | 1,000,000 | 7,000,000 | 11,000,000 | 6,000,000 | 15,000,000 | 15,600,000 | 9,000,000 | 15,600,000 | 26,300,000 | 14,600,000 | 25,100,000 | 33,500,000 | 20,600,000 | 29,500,000 | 17,000,000 | 29,300,000 | 19,600,000 | 28,700,000 | 18,700,000 | 21,200,000 | 16,800,000 | 14,300,000 | 16,300,000 | 15,200,000 | 17,200,000 | 9,900,000 | 13,700,000 | 10,100,000 | 13,100,000 | 11,300,000 | 16,200,000 | 9,500,000 | 16,200,000 | 9,800,000 | ||||||||||||||||||||||
income taxes | 115,000,000 | 6,000,000 | 0 | 6,000,000 | 51,800,000 | 0 | -2,500,000 | 2,100,000 | -100,000 | 100,000 | 0 | -400,000 | -4,100,000 | 0 | 3,900,000 | 8,500,000 | -900,000 | 3,300,000 | 7,000,000 | 3,300,000 | -2,900,000 | 400,000 | 700,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents, and restricted cash at end of the period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash included in prepaid expenses, assets held-for-sale, and other current assets | 1,000,000 | 16,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payroll support program grant wage offset | -398,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payroll support program grant funding | 30,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash included in prepaid expenses, assets held-for-sale and other current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash included in prepaid expenses and other current assets | 0 | 11,000,000 | 2,000,000 | 0 | 10,000,000 | 4,000,000 | 0 | 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in pension and other postretirement benefits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposition of assets and changes in restricted deposits | 2,000,000 | 2,000,000 | 1,000,000 | 2,000,000 | 7,000,000 | 8,000,000 | -7,000,000 | -100,000 | 600,000 | 300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other—net | -25,000,000 | 42,000,000 | -24,000,000 | 133,000,000 | -20,000,000 | 40,000,000 | -144,000,000 | -70,000,000 | 81,000,000 | -150,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of virgin america, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used) by financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | 0 | 0 | 328,000,000 | 0 | 0 | 73,000,000 | 0 | 0 | 107,000,000 | 80,000,000 | 0 | 122,000,000 | 0 | 0 | 102,200,000 | 0 | 0 | 89,500,000 | 0 | 0 | 164,200,000 | 0 | 0 | 0 | 283,100,000 | 0 | 0 | 0 | 204,300,000 | 0 | 0 | 0 | 230,700,000 | 0 | 73,600,000 | 54,300,000 | ||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of the period | -54,000,000 | 15,000,000 | 183,000,000 | 1,737,000,000 | 3,000,000 | 78,000,000 | 43,000,000 | -6,000,000 | 51,000,000 | 90,000,000 | -38,000,000 | 95,000,000 | -7,900,000 | -12,800,000 | 48,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes paid | 2,000,000 | 139,000,000 | 169,000,000 | 13,000,000 | 154,000,000 | 173,000,000 | -65,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase/(decrease) in cash and cash equivalents | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
special mileage plan accounting adjustment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in fair values of open fuel hedge contracts | 15,000,000 | 24,000,000 | -17,200,000 | 70,200,000 | -24,900,000 | -38,700,000 | -2,000,000 | 70,400,000 | 206,500,000 | -182,800,000 | -9,900,000 | -37,400,000 | -1,700,000 | 12,900,000 | 58,600,000 | 8,900,000 | 3,700,000 | -20,700,000 | -8,600,000 | -97,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other current liabilities | 1,000,000 | -11,200,000 | -13,900,000 | 19,800,000 | 44,800,000 | -20,200,000 | -1,700,000 | 3,100,000 | -1,000,000 | 8,900,000 | 17,100,000 | 9,700,000 | 1,300,000 | 800,000 | -22,300,000 | 8,700,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other long-term liabilities | -6,000,000 | 1,000,000 | 800,000 | -12,700,000 | 17,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in pension and other medical liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets constructed for others | -15,300,000 | -26,400,000 | -23,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of long-term debt | 83,400,000 | 29,000,000 | 98,600,000 | 64,000,000 | 97,900,000 | 255,500,000 | 238,900,000 | 291,600,000 | 85,800,000 | 0 | 32,700,000 | 163,400,000 | 163,400,000 | 58,000,000 | 64,600,000 | 122,400,000 | 73,800,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale-leaseback transactions | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds and tax benefit from issuance of common stock | 2,000,000 | 11,000,000 | 8,500,000 | 10,200,000 | 3,800,000 | 1,800,000 | 6,600,000 | 8,300,000 | 8,100,000 | 9,400,000 | 800,000 | 1,400,000 | 900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
terminal 6 at lax reimbursement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid (received) during the period for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets constructed related to terminal 6 at lax | -24,200,000 | -25,100,000 | 50,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in deferred revenue | -2,000,000 | -4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fleet transition expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid (refunded) during the period for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fleet transition costs | 2,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation | 2,200,000 | 2,700,000 | 4,600,000 | 1,900,000 | 3,700,000 | 5,000,000 | 1,700,000 | 2,600,000 | 2,200,000 | 5,400,000 | 2,600,000 | 5,100,000 | 2,500,000 | 3,200,000 | 2,700,000 | 3,100,000 | 2,900,000 | 2,500,000 | 2,400,000 | 1,900,000 | 2,000,000 | 1,900,000 | 500,000 | 300,000 | 300,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
increase in other assets and liabilities - net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
construction of terminal 6 at lax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted deposits and other | 800,000 | -200,000 | 900,000 | -400,000 | -3,000,000 | -800,000 | -1,000,000 | -3,300,000 | 1,200,000 | 5,600,000 | 300,000 | 1,200,000 | -900,000 | 7,300,000 | -3,200,000 | 15,600,000 | 1,800,000 | 1,900,000 | -4,000,000 | -4,600,000 | -100,000 | 1,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of treasury stock | -4,900,000 | -15,800,000 | -10,500,000 | 0 | -12,000,000 | 0 | 0 | -8,300,000 | -40,600,000 | -57,800,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in cash and cash equivalents | 21,100,000 | -9,600,000 | -46,500,000 | -5,800,000 | 6,700,000 | -73,800,000 | -46,000,000 | 23,800,000 | 80,200,000 | -32,800,000 | 7,600,000 | 124,000,000 | -77,900,000 | 78,400,000 | 11,800,000 | 0 | 66,900,000 | 46,900,000 | -4,500,000 | -214,900,000 | 218,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at the end of the period | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
relocation credit and assets constructed on account related to terminal 6 at lax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other assets and liabilities – net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in receivable related to terminal 6 at lax airport | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 6,800,000 | 60,200,000 | 21,100,000 | -9,600,000 | 117,700,000 | 6,700,000 | -73,800,000 | 237,100,000 | 80,200,000 | -32,800,000 | 211,900,000 | -77,900,000 | -2,800,000 | 161,000,000 | 11,800,000 | 0 | 140,500,000 | -4,500,000 | -241,200,000 | 272,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash paid during the period for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fleet transition costs – crj-700 | 10,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash impact of pilot contract transition costs | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring and fleet transition costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in other assets and liabilities - net | 47,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash paid (received) during the period for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to condensed consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fleet transition costs - q200 | 4,800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in other assets and liabilities-net | -114,600,000 | -55,400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale-leaseback transaction | 230,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt payments, including line of credit | -39,800,000 | -121,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | 11,100,000 | 2,000,000 | 900,000 | 900,000 | 600,000 | 3,700,000 | 4,000,000 | 16,500,000 | 1,400,000 | 11,700,000 | 1,200,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charges | 9,200,000 | -300,000 | -1,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fleet transition costs, including impairment charge | 0 | -1,200,000 | 7,200,000 | 22,900,000 | 35,300,000 | 5,800,000 | 3,900,000 | 3,700,000 | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in receivables - net | 16,500,000 | 28,200,000 | 22,000,000 | -6,200,000 | -20,800,000 | 32,300,000 | -17,600,000 | -15,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in prepaid expenses and other current assets | 2,200,000 | 33,500,000 | -15,000,000 | -12,100,000 | -15,000,000 | 27,400,000 | -15,300,000 | 22,300,000 | 8,100,000 | -21,300,000 | -20,400,000 | -8,400,000 | -2,700,000 | -17,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in deferred revenue and other-net | 42,600,000 | -34,100,000 | 57,200,000 | 10,500,000 | 40,700,000 | 53,300,000 | 200,000 | 18,100,000 | -25,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash paid (refunded) during the year for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
see accompanying notes to consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in deferred revenue and other-net | 11,500,000 | -47,400,000 | 5,500,000 | -40,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in prepaid expenses and other current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets | -1,000,000 | -500,000 | -100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in receivables—net | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash investing and financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of senior convertible notes to equity | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt assumed in purchase of md-80 aircraft | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in other current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit from stock option exercises | 200,000 | -100,000 | -1,000,000 | 500,000 | -1,100,000 | -500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of accounting change, net of tax | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charges and adjustments | -7,600,000 | 28,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of assets | -700,000 | -2,500,000 | -500,000 | -100,000 | 200,000 | 0 | 1,700,000 | -300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft deposits returned | 100,000 | 0 | 300,000 | 7,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt and capital lease payments | -161,500,000 | -18,800,000 | -8,900,000 | -17,900,000 | -8,600,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of related fees | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
credit received for flight deposits deferred in other liabilities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in discounts and premiums on long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities lending collateral | 1,700,000 | 100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
securities lending obligation | -100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of aircraft and related spare parts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of airframe and engine overhauls | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
capitalized overhauls | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets acquired under long-term debt and capital leases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of accounting change, net of tax effect | 0 | 0 | 90,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in receivables - net | 5,900,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash paid (refunded) during the period for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of aircraft | 0 | 131,100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred stock-based compensation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in derivative fair values | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in prepaid expenses and other current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in receivables — net | -6,200,000 | -20,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft purchase deposits | -111,600,000 | -41,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft and other flight equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charges, primarily write-off of oakland leasehold improvements | 7,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of f-28 aircraft and spare engines | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft | -57,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other property | -11,200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets acquired under capital leases | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of accounting change | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of aircraft and spare engines | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets acquired under long-term debt |