Delta Air Lines, Inc(NYSE:DAL) 
Delta Air Lines, Inc. provides scheduled air transportation for passengers and cargo in the United States and internationally. The company operates through two segments, Airline and Refinery. Its domestic network centered on core hubs in Atlanta, Minneapolis-St. Paul, Detroit, and Salt Lake City, as...
Website: http://www.delta.com
Founded: 1925
Full Time Employees: 91,000
Sector: Industrials
Industry: Airlines
• Market Cap:
• Exchange:
• Shs Outstanding:
• Employees:
• Beta:
• Return on Equity (ROE) ttm:
• Return on Assets (ROA) ttm:
• EPS ttm:
• Book value per Share:
• Cash per Share:
• Current ast per Share:
• P/E ttm:
• P/E forward:
• P/E ttm high:
• P/E ttm low:
• P/S ttm:
• P/B ttm:
• P/FCF ttm:
• PEG ratio:
• Cash Ratio ttm:
• Quick Ratio ttm:
• Current Ratio ttm:
• Gross Mgn ttm:
• EBITDA Mgn ttm:
• Operating Mgn ttm:
• Net Income Mgn ttm:
• Trailing Div yield:
• Forward Div yield:
• Payout Ratio ttm:
• Ex-Dividend date:
• Target Price High:
• Target Price Low:
• Target Price Mean:
• Number of Analysts:
• Debt Ratio ttm:
• Debt to Equity ttm:
• Total Net Debt:
At a glance:
- Demand Remains Resilient Across Core Markets: Delta continues to benefit from steady passenger demand, particularly in domestic and international leisure and business travel, supporting revenue stability.
- Premium and Loyalty Revenues Are Key Profit Drivers: Higher-margin premium cabins and the SkyMiles/credit-card partnership remain important contributors to profitability and help diversify revenue beyond base fares.
- Cost Pressures Center on Labor and Operations: Wage inflation, staffing needs, and operational reliability initiatives can pressure unit costs, making productivity and on-time performance critical to margins.
- Fuel Price Volatility Remains a Primary Earnings Swing Factor: Jet fuel costs can materially impact results; Delta’s earnings sensitivity to energy markets remains a major variable despite hedging and efficiency efforts.
- Balance Sheet and Cash Generation Focus Continue: Management emphasis on maintaining liquidity, generating free cash flow, and managing debt levels remains central as the company navigates cyclical demand and cost inputs.
Bull Thesis:
- Robust Demand & Premium Travel Recovery: Delta is well-positioned to benefit from the continued strong demand for air travel, particularly in higher-margin international and premium segments, as business travel also steadily recovers, driving revenue growth and profitability.
- Operational Excellence & Brand Loyalty: Delta consistently ranks high in operational reliability (on-time performance, fewer cancellations), fostering strong customer loyalty and a premium brand image that allows for pricing power and repeat business.
- High-Value SkyMiles Loyalty Program: The SkyMiles program is a significant and growing profit center, generating substantial high-margin revenue through partnerships and credit card co-branding, providing a stable revenue stream less sensitive to travel fluctuations.
- Strong Balance Sheet & Deleveraging Progress: Delta has made substantial progress in reducing its pandemic-era debt, significantly strengthening its balance sheet and improving financial flexibility, which supports future investments and potential shareholder returns.
Bear Thesis:
- Macroeconomic Slowdown & Discretionary Spending Risk: A significant economic downturn or recession could dampen consumer and business travel demand, particularly impacting higher-margin premium and international segments, leading to lower revenue and profitability.
- Volatility in Jet Fuel Prices: Airlines are highly sensitive to fluctuations in jet fuel prices, which represent a major operating cost. Unexpected spikes in fuel costs could severely erode profit margins despite hedging strategies.
- Rising Labor Costs & Union Negotiations: Recent and ongoing labor contract negotiations, particularly with pilots and flight attendants, are leading to significant increases in labor costs, which will pressure operating margins in the coming years.
- Geopolitical Instability & External Shocks: Global events such as new pandemics, geopolitical conflicts, or terrorism could rapidly disrupt travel patterns, impose operational restrictions, and significantly reduce demand, impacting Delta's global network.
Main Competitors:
- American Airlines Group Inc. ($AAL) (Airline services), Another primary U.S. legacy competitor to Delta, American Airlines operates a vast global network, strong loyalty program (AAdvantage), and a focus on corporate and international travel. They compete head-to-head on routes, pricing, customer service, and alliances (Oneworld vs. SkyTeam).
- Southwest Airlines Co. ($LUV) (Airline services), While operating a different business model (point-to-point, no assigned seats, free checked bags), Southwest competes with Delta for domestic leisure and some business travelers, particularly on short-to-medium haul routes. They primarily compete on price, flexibility (no change fees), and customer experience for a more value-conscious segment.
- Alaska Air Group, Inc. ($ALK) (Airline services), Alaska Airlines is a significant competitor, especially on the West Coast and transcontinental routes. They compete with Delta on service quality, loyalty program (Mileage Plan), and network expansion, particularly after their acquisition of Virgin America, strengthening their position in key Delta markets like Seattle and Los Angeles.
- Spirit Airlines, Inc. ($SAVE) (Airline services), As an ultra-low-cost carrier (ULCC), Spirit competes with Delta on price for the most budget-sensitive leisure travelers on specific domestic and short-haul international routes. While offering a no-frills experience, they put downward pressure on fares in markets where they operate, indirectly affecting Delta's pricing strategy for economy class.
Moat:
Delta Air Lines faces intense competition primarily from other major U.S. network carriers like United and American, with whom it competes directly for premium business and international travelers through extensive global networks, loyalty programs, and corporate contracts. Additionally, strong domestic carriers such as Southwest and Alaska Airlines challenge Delta by offering different value propositions—Southwest with its low-cost, flexible model, and Alaska with its strong West Coast presence and service quality. Ultra-low-cost carriers like Spirit also exert pressure on pricing in leisure markets. Delta's competitive moat is built on its strong brand reputation, operational reliability, extensive global network (bolstered by its SkyTeam alliance and joint ventures), and a highly regarded SkyMiles loyalty program, which drives customer retention and premium revenue.
Income 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 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 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 | 12,302,000,000 | 12,916,000,000 | 13,506,000,000 | 13,867,000,000 | 11,480,000,000 | 12,815,000,000 | 13,107,000,000 | 13,841,000,000 | 11,131,000,000 | 12,174,000,000 | 13,119,000,000 | 13,205,000,000 | 10,411,000,000 | 10,889,000,000 | 11,464,000,000 | 10,958,000,000 | 6,907,000,000 | 7,241,000,000 | 7,191,000,000 | 5,339,000,000 | 2,748,000,000 | 2,698,000,000 | 1,938,000,000 | 678,000,000 | 7,569,000,000 | 10,245,000,000 | 11,410,000,000 | 11,368,000,000 | 9,254,000,000 | 9,648,000,000 | 10,796,000,000 | 10,546,000,000 | 8,765,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cargo | 226,000,000 | 246,000,000 | 233,000,000 | 212,000,000 | 208,000,000 | 248,000,000 | 196,000,000 | 199,000,000 | 178,000,000 | 188,000,000 | 154,000,000 | 172,000,000 | 209,000,000 | 249,000,000 | 240,000,000 | 272,000,000 | 289,000,000 | 304,000,000 | 262,000,000 | 251,000,000 | 215,000,000 | 205,000,000 | 142,000,000 | 108,000,000 | 152,000,000 | 186,000,000 | 189,000,000 | 186,000,000 | 192,000,000 | 214,000,000 | 226,000,000 | 223,000,000 | 202,000,000 | 199,000,000 | 187,000,000 | 183,000,000 | 160,000,000 | 174,000,000 | 167,000,000 | 165,000,000 | 162,000,000 | 193,000,000 | 196,000,000 | 207,000,000 | 217,000,000 | 243,000,000 | 244,000,000 | 230,000,000 | 217,000,000 | 238,000,000 | 229,000,000 | 232,000,000 | 238,000,000 | 241,000,000 | 243,000,000 | 262,000,000 | 244,000,000 | 256,000,000 | 257,000,000 | 264,000,000 | 250,000,000 | 236,000,000 | 227,000,000 | 211,000,000 | 176,000,000 | 253,000,000 | 177,000,000 | 173,000,000 | 185,000,000 | 162,000,000 | 160 | 134,000,000 | 82,000,000 | 112,000,000 | 126,000,000 | 121,000,000 | 128,000,000 | 123,000,000 | 137,000,000 | 128,000,000 | 127,000,000 | 132,000,000 | |||
other | 3,326,000,000 | 2,841,000,000 | 2,934,000,000 | 2,569,000,000 | 2,352,000,000 | 2,496,000,000 | 2,374,000,000 | 2,618,000,000 | 2,439,000,000 | 1,861,000,000 | 2,215,000,000 | 2,201,000,000 | 2,139,000,000 | 2,297,000,000 | 2,271,000,000 | 2,594,000,000 | 2,152,000,000 | 1,925,000,000 | 1,701,000,000 | 1,536,000,000 | 1,187,000,000 | 1,070,000,000 | 982,000,000 | 682,000,000 | 871,000,000 | 1,008,000,000 | 961,000,000 | 982,000,000 | 1,026,000,000 | 880,000,000 | 931,000,000 | 1,006,000,000 | 1,001,000,000 | 1,545,000,000 | 1,474,000,000 | 1,377,000,000 | 1,300,000,000 | 1,310,000,000 | 1,245,000,000 | 1,312,000,000 | 1,327,000,000 | 1,184,000,000 | 1,316,000,000 | 1,361,000,000 | 1,248,000,000 | 1,169,000,000 | 1,158,000,000 | 1,125,000,000 | 1,022,000,000 | 964,000,000 | 1,007,000,000 | 981,000,000 | 929,000,000 | 923,000,000 | 988,000,000 | 1,019,000,000 | 943,000,000 | 920,000,000 | 991,000,000 | 998,000,000 | 922,000,000 | 885,000,000 | 948,000,000 | 948,000,000 | 866,000,000 | 773,000,000 | 873,000,000 | 924,000,000 | 898,000,000 | 579,000,000 | 569 | 532,000,000 | 268,000,000 | 289,000,000 | 287,000,000 | 295,000,000 | 299,000,000 | 166,000,000 | 487,000,000 | 197,000,000 | 183,000,000 | 176,000,000 | |||
total operating revenue | 15,854,000,000 | 16,003,000,000 | 16,673,000,000 | 16,648,000,000 | 14,040,000,000 | 15,559,000,000 | 15,677,000,000 | 16,658,000,000 | 13,748,000,000 | 14,223,000,000 | 15,488,000,000 | 15,578,000,000 | 12,759,000,000 | 13,435,000,000 | 13,975,000,000 | 13,824,000,000 | 9,348,000,000 | 9,470,000,000 | 9,154,000,000 | 7,126,000,000 | 4,150,000,000 | 3,973,000,000 | 3,062,000,000 | 1,468,000,000 | 8,592,000,000 | 11,439,000,000 | 12,560,000,000 | 12,536,000,000 | 10,472,000,000 | 10,742,000,000 | 11,953,000,000 | 11,775,000,000 | 9,968,000,000 | 10,245,000,000 | 11,060,000,000 | 10,791,000,000 | 9,148,000,000 | 9,458,000,000 | 10,483,000,000 | 10,447,000,000 | 9,251,000,000 | 9,502,000,000 | 11,107,000,000 | 10,707,000,000 | 9,388,000,000 | 9,647,000,000 | 11,178,000,000 | 10,621,000,000 | 8,916,000,000 | 9,076,000,000 | 10,490,000,000 | 9,707,000,000 | 8,500,000,000 | 8,602,000,000 | 9,923,000,000 | 9,732,000,000 | 8,413,000,000 | 8,399,000,000 | 9,816,000,000 | 9,153,000,000 | 7,747,000,000 | 7,789,000,000 | 8,950,000,000 | 8,168,000,000 | 6,848,000,000 | 6,805,000,000 | 7,574,000,000 | 7,000,000,000 | 6,684,000,000 | 5,719,000,000 | 5,499 | 4,766,000,000 | 3,448,000,000 | 4,144,000,000 | 4,138,000,000 | 4,659,000,000 | 4,655,000,000 | ||||||||
yoy | 12.92% | 2.85% | 6.35% | -0.06% | 2.12% | 9.39% | 1.22% | 6.93% | 7.75% | 5.87% | 10.83% | 12.69% | 36.49% | 41.87% | 52.67% | 93.99% | 125.25% | 138.36% | 198.95% | 385.42% | -51.70% | -65.27% | -75.62% | -88.29% | -17.95% | 6.49% | 5.08% | 6.46% | 5.06% | 4.85% | 8.07% | 9.12% | 8.96% | 8.32% | 5.50% | 3.29% | -1.11% | -0.46% | -5.62% | -2.43% | -1.46% | -1.50% | -0.64% | 0.81% | 5.29% | 6.29% | 6.56% | 9.42% | 4.89% | 5.51% | 5.71% | -0.26% | 1.03% | 2.42% | 1.09% | 6.33% | 8.60% | 7.83% | 9.68% | 12.06% | 13.13% | 14.46% | 18.17% | 16.69% | 2.45% | 32.44% | 127295771.98% | 40.24% | 65.86% | -100.00% | 15.18% | -25.93% | |||||||||||||
qoq | -0.93% | -4.02% | 0.15% | 18.58% | -9.76% | -0.75% | -5.89% | 21.17% | -3.34% | -8.17% | -0.58% | 22.09% | -5.03% | -3.86% | 1.09% | 47.88% | -1.29% | 3.45% | 28.46% | 71.71% | 4.46% | 29.75% | 108.58% | -82.91% | -24.89% | -8.93% | 0.19% | 19.71% | -2.51% | -10.13% | 1.51% | 18.13% | -2.70% | -7.37% | 2.49% | 17.96% | -3.28% | -9.78% | 0.34% | 12.93% | -2.64% | -14.45% | 3.74% | 14.05% | -2.68% | -13.70% | 5.24% | 19.12% | -1.76% | -13.48% | 8.07% | 14.20% | -1.19% | -13.31% | 1.96% | 15.68% | 0.17% | -14.44% | 7.24% | 18.15% | -0.54% | -12.97% | 9.57% | 19.28% | 0.63% | -10.15% | 8.20% | 4.73% | 104000627.40% | -100.00% | -16.80% | 0.14% | -11.18% | 0.09% | |||||||||||
operating expense: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
salaries and related costs | 4,541,000,000 | 4,592,000,000 | 4,443,000,000 | 4,402,000,000 | 4,083,000,000 | 4,126,000,000 | 4,231,000,000 | 4,012,000,000 | 3,791,000,000 | 3,769,000,000 | 3,760,000,000 | 3,692,000,000 | 3,386,000,000 | 3,070,000,000 | 3,050,000,000 | 2,955,000,000 | 2,826,000,000 | 2,632,000,000 | 2,566,000,000 | 2,328,000,000 | 2,202,000,000 | 1,940,000,000 | 1,956,000,000 | 2,086,000,000 | 2,771,000,000 | 2,950,000,000 | 2,884,000,000 | 2,752,000,000 | 2,639,000,000 | 2,739,000,000 | 2,753,000,000 | 2,668,000,000 | 2,584,000,000 | 2,632,000,000 | 2,715,000,000 | 2,616,000,000 | 2,473,000,000 | 2,869,000,000 | 2,463,000,000 | 2,391,000,000 | 2,311,000,000 | 2,213,000,000 | 2,276,000,000 | 2,195,000,000 | 2,092,000,000 | 2,036,000,000 | 2,069,000,000 | 2,046,000,000 | 1,969,000,000 | 1,911,000,000 | 1,976,000,000 | 1,922,000,000 | 1,911,000,000 | 1,828,000,000 | 1,850,000,000 | 1,825,000,000 | 1,763,000,000 | 1,711,000,000 | 1,717,000,000 | 1,739,000,000 | 1,727,000,000 | 1,708,000,000 | 1,669,000,000 | 1,702,000,000 | 1,672,000,000 | 1,186,000,000 | 1,894,000,000 | 1,891,000,000 | 1,867,000,000 | 1,086,000,000 | 1,092 | 1,091,000,000 | 708,000,000 | 906,000,000 | 940,000,000 | 1,008,000,000 | 1,014,000,000 | 1,166,000,000 | 1,114,000,000 | 1,235,000,000 | 1,298,000,000 | 1,411,000,000 | |||
aircraft fuel and related taxes | 2,742,000,000 | 2,380,000,000 | 2,570,000,000 | 2,458,000,000 | 2,410,000,000 | 2,409,000,000 | 2,747,000,000 | 2,813,000,000 | 2,598,000,000 | 2,941,000,000 | 2,936,000,000 | 2,516,000,000 | 2,676,000,000 | 2,849,000,000 | 3,318,000,000 | 3,223,000,000 | 2,092,000,000 | 1,577,000,000 | 1,552,000,000 | 1,487,000,000 | 1,017,000,000 | 723,000,000 | 486,000,000 | 372,000,000 | 1,595,000,000 | 2,011,000,000 | 2,239,000,000 | 2,291,000,000 | 1,978,000,000 | 2,327,000,000 | 2,498,000,000 | 2,341,000,000 | 1,856,000,000 | 1,526,000,000 | 1,519,000,000 | 1,448,000,000 | 1,240,000,000 | 1,256,000,000 | 1,422,000,000 | 1,228,000,000 | 1,227,000,000 | 1,433,000,000 | 1,819,000,000 | 1,457,000,000 | 1,835,000,000 | 4,056,000,000 | 2,952,000,000 | 2,434,000,000 | 2,226,000,000 | 2,222,000,000 | 2,291,000,000 | 2,595,000,000 | 2,289,000,000 | 2,391,000,000 | 2,221,000,000 | 3,305,000,000 | 2,233,000,000 | 2,020,000,000 | 2,881,000,000 | 2,663,000,000 | 2,166,000,000 | 1,928,000,000 | 2,023,000,000 | 1,960,000,000 | 1,683,000,000 | 1,706,000,000 | 1,973,000,000 | 1,812,000,000 | 1,893,000,000 | 1,952,000,000 | 1,678 | 1,422,000,000 | 790,000,000 | ||||||||||||
refinery expense | 1,654,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contracted services | 1,190,000,000 | 1,175,000,000 | 1,166,000,000 | 1,155,000,000 | 1,121,000,000 | 1,094,000,000 | 1,069,000,000 | 1,041,000,000 | 1,024,000,000 | 1,032,000,000 | 1,004,000,000 | 994,000,000 | 1,010,000,000 | 920,000,000 | 881,000,000 | 791,000,000 | 753,000,000 | 697,000,000 | 634,000,000 | 570,000,000 | 519,000,000 | 380,000,000 | 379,000,000 | 344,000,000 | 675,000,000 | 667,000,000 | 685,000,000 | 657,000,000 | 632,000,000 | 529,000,000 | 562,000,000 | 540,000,000 | 544,000,000 | 557,000,000 | 561,000,000 | 543,000,000 | 523,000,000 | 511,000,000 | 520,000,000 | 484,000,000 | 476,000,000 | 473,000,000 | 477,000,000 | 457,000,000 | 441,000,000 | 423,000,000 | 459,000,000 | 440,000,000 | 427,000,000 | 426,000,000 | 429,000,000 | 409,000,000 | 401,000,000 | 389,000,000 | 402,000,000 | 397,000,000 | 378,000,000 | 383,000,000 | 419,000,000 | 415,000,000 | 425,000,000 | 393,000,000 | 398,000,000 | 366,000,000 | 392,000,000 | 346,000,000 | 415,000,000 | 376,000,000 | 458,000,000 | 272,000,000 | 257 | 254,000,000 | 160,000,000 | 289,000,000 | 292,000,000 | 273,000,000 | 257,000,000 | 261,000,000 | 279,000,000 | 275,000,000 | 270,000,000 | 272,000,000 | |||
landing fees and other rents | 913,000,000 | 914,000,000 | 921,000,000 | 878,000,000 | 851,000,000 | 803,000,000 | 832,000,000 | 766,000,000 | 748,000,000 | 683,000,000 | 679,000,000 | 617,000,000 | 584,000,000 | 570,000,000 | 562,000,000 | 546,000,000 | 504,000,000 | 542,000,000 | 524,000,000 | 460,000,000 | 493,000,000 | 323,000,000 | 378,000,000 | 350,000,000 | 467,000,000 | 441,000,000 | 460,000,000 | 442,000,000 | 419,000,000 | 461,000,000 | 421,000,000 | 407,000,000 | 373,000,000 | 384,000,000 | 400,000,000 | 379,000,000 | 365,000,000 | 367,000,000 | 399,000,000 | 376,000,000 | 348,000,000 | 329,000,000 | 403,000,000 | 388,000,000 | 373,000,000 | 353,000,000 | 393,000,000 | 355,000,000 | 341,000,000 | 350,000,000 | 378,000,000 | 359,000,000 | 323,000,000 | 324,000,000 | 360,000,000 | 347,000,000 | 305,000,000 | 306,000,000 | 342,000,000 | 320,000,000 | 313,000,000 | 313,000,000 | 331,000,000 | 324,000,000 | 313,000,000 | 318,000,000 | 340,000,000 | 315,000,000 | 316,000,000 | 190,000,000 | 185 | 179,000,000 | 122,000,000 | 185,000,000 | 185,000,000 | 197,000,000 | 191,000,000 | 292,000,000 | 205,000,000 | 216,000,000 | 227,000,000 | 215,000,000 | |||
aircraft maintenance materials and outside repairs | 709,000,000 | 528,000,000 | 667,000,000 | 591,000,000 | 646,000,000 | 626,000,000 | 627,000,000 | 684,000,000 | 679,000,000 | 572,000,000 | 661,000,000 | 614,000,000 | 585,000,000 | 508,000,000 | 487,000,000 | 522,000,000 | 465,000,000 | 387,000,000 | 433,000,000 | 287,000,000 | 294,000,000 | 204,000,000 | 106,000,000 | 43,000,000 | 469,000,000 | 417,000,000 | 424,000,000 | 434,000,000 | 476,000,000 | 342,000,000 | 371,000,000 | 427,000,000 | 435,000,000 | 496,000,000 | 503,000,000 | 475,000,000 | 518,000,000 | 466,000,000 | 462,000,000 | 446,000,000 | 449,000,000 | 418,000,000 | 479,000,000 | 499,000,000 | 452,000,000 | 474,000,000 | 440,000,000 | 466,000,000 | 448,000,000 | 415,000,000 | 474,000,000 | 472,000,000 | 491,000,000 | 353,000,000 | 493,000,000 | 548,000,000 | 561,000,000 | 367,000,000 | 428,000,000 | 485,000,000 | 485,000,000 | 395,000,000 | 405,000,000 | 395,000,000 | 374,000,000 | 284,000,000 | 334,000,000 | 392,000,000 | 424,000,000 | 273,000,000 | 295 | 268,000,000 | 165,000,000 | 184,000,000 | 169,000,000 | 183,000,000 | 187,000,000 | 196,000,000 | 178,000,000 | 215,000,000 | 206,000,000 | 177,000,000 | |||
regional carrier expense | 649,000,000 | 640,000,000 | 649,000,000 | 651,000,000 | 613,000,000 | 597,000,000 | 600,000,000 | 580,000,000 | 550,000,000 | 536,000,000 | 546,000,000 | 559,000,000 | 559,000,000 | 504,000,000 | 528,000,000 | 528,000,000 | 491,000,000 | 478,000,000 | 453,000,000 | 403,000,000 | 401,000,000 | 805,750,000 | 1,073,000,000 | 1,097,000,000 | 1,053,000,000 | 1,204,000,000 | 1,353,000,000 | 1,361,000,000 | 1,319,000,000 | 1,367,000,000 | 1,459,000,000 | 1,444,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 635,000,000 | 620,000,000 | 614,000,000 | 602,000,000 | 607,000,000 | 635,000,000 | 643,000,000 | 620,000,000 | 615,000,000 | 610,000,000 | 594,000,000 | 573,000,000 | 564,000,000 | 553,000,000 | 538,000,000 | 510,000,000 | 506,000,000 | 504,000,000 | 501,000,000 | 501,000,000 | 492,000,000 | 499,000,000 | 545,000,000 | 591,000,000 | 678,000,000 | 621,000,000 | 631,000,000 | 713,000,000 | 615,000,000 | 549,000,000 | 580,000,000 | 590,000,000 | 610,000,000 | 586,000,000 | 574,000,000 | 535,000,000 | 540,000,000 | 472,000,000 | 474,000,000 | 470,000,000 | 486,000,000 | 451,000,000 | 466,000,000 | 448,000,000 | 470,000,000 | 438,000,000 | 440,000,000 | 451,000,000 | 442,000,000 | 420,000,000 | 418,000,000 | 415,000,000 | 405,000,000 | 399,000,000 | 392,000,000 | 388,000,000 | 386,000,000 | 382,000,000 | 384,000,000 | 381,000,000 | 376,000,000 | 372,000,000 | 375,000,000 | 379,000,000 | 385,000,000 | 384,000,000 | 385,000,000 | 383,000,000 | 384,000,000 | 293,000,000 | 302 | 297,000,000 | 193,000,000 | 291,000,000 | 364,000,000 | 293,000,000 | 318,000,000 | 301,000,000 | 317,000,000 | 317,000,000 | 326,000,000 | 313,000,000 | |||
passenger commissions and other selling expenses | 590,000,000 | 616,000,000 | 645,000,000 | 673,000,000 | 552,000,000 | 620,000,000 | 643,000,000 | 672,000,000 | 550,000,000 | 564,000,000 | 618,000,000 | 651,000,000 | 500,000,000 | 506,000,000 | 546,000,000 | 526,000,000 | 312,000,000 | 313,000,000 | 308,000,000 | 222,000,000 | 110,000,000 | 84,000,000 | 94,000,000 | 45,000,000 | 358,000,000 | 488,000,000 | 539,000,000 | 538,000,000 | 427,000,000 | 468,000,000 | 535,000,000 | 511,000,000 | 427,000,000 | 443,000,000 | 482,000,000 | 458,000,000 | 404,000,000 | 419,000,000 | 466,000,000 | 437,000,000 | 388,000,000 | 402,000,000 | 463,000,000 | 421,000,000 | 386,000,000 | 411,000,000 | 476,000,000 | 440,000,000 | 373,000,000 | 391,000,000 | 447,000,000 | 408,000,000 | 357,000,000 | 377,000,000 | 440,000,000 | 393,000,000 | 380,000,000 | 393,000,000 | 480,000,000 | 440,000,000 | 369,000,000 | 364,000,000 | 404,000,000 | 377,000,000 | 364,000,000 | 336,000,000 | 384,000,000 | 329,000,000 | 356,000,000 | 259,000,000 | 248 | 225,000,000 | 175,000,000 | 220,000,000 | 209,000,000 | 233,000,000 | 234,000,000 | 212,000,000 | 418,000,000 | 152,000,000 | 186,000,000 | 192,000,000 | |||
passenger service | 428,000,000 | 458,000,000 | 485,000,000 | 482,000,000 | 430,000,000 | 449,000,000 | 463,000,000 | 463,000,000 | 413,000,000 | 443,000,000 | 449,000,000 | 442,000,000 | 416,000,000 | 403,000,000 | 406,000,000 | 369,000,000 | 275,000,000 | 236,000,000 | 226,000,000 | 175,000,000 | 118,000,000 | 90,000,000 | 88,000,000 | 88,000,000 | 257,000,000 | 313,000,000 | 345,000,000 | 322,000,000 | 271,000,000 | 286,000,000 | 329,000,000 | 300,000,000 | 263,000,000 | 261,000,000 | 315,000,000 | 271,000,000 | 220,000,000 | 233,000,000 | 264,000,000 | 221,000,000 | 189,000,000 | 208,000,000 | 247,000,000 | 227,000,000 | 190,000,000 | 195,000,000 | 227,000,000 | 215,000,000 | 173,000,000 | 187,000,000 | 214,000,000 | 197,000,000 | 164,000,000 | 173,000,000 | 201,000,000 | 187,000,000 | 171,000,000 | 169,000,000 | 207,000,000 | 181,000,000 | 164,000,000 | 180,000,000 | 190,000,000 | 165,000,000 | 138,000,000 | 161,000,000 | 181,000,000 | 161,000,000 | 135,000,000 | 122,000,000 | 105 | 84,000,000 | 61,000,000 | 70,000,000 | 81,000,000 | 95,000,000 | 81,000,000 | 71,000,000 | 76,000,000 | 90,000,000 | 95,000,000 | 84,000,000 | |||
mro expense | 328,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
profit sharing | 165,000,000 | 351,000,000 | 392,000,000 | 470,000,000 | 124,000,000 | 425,000,000 | 320,000,000 | 519,000,000 | 125,000,000 | 299,000,000 | 417,000,000 | 595,000,000 | 72,000,000 | 272,000,000 | 237,000,000 | 54,000,000 | 387,000,000 | 517,000,000 | 518,000,000 | 220,000,000 | 323,000,000 | 395,000,000 | 400,000,000 | 183,000,000 | 262,000,000 | 314,000,000 | 338,000,000 | 151,000,000 | 193,000,000 | 326,000,000 | 324,000,000 | 272,000,000 | 380,000,000 | 563,000,000 | 411,000,000 | 136,000,000 | 262,000,000 | 384,000,000 | 340,000,000 | 99,000,000 | 119,000,000 | 249,000,000 | 118,000,000 | 20,000,000 | 63,000,000 | 174,000,000 | 135,000,000 | 89,000,000 | 167,000,000 | 8,000,000 | 38,000,000 | 185,000,000 | 90,000,000 | 65,000,000 | |||||||||||||||||||||||||||||||
aircraft rent | 143,000,000 | 134,000,000 | 135,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 137,000,000 | 138,000,000 | 136,000,000 | 137,000,000 | 131,000,000 | 132,000,000 | 132,000,000 | 128,000,000 | 131,000,000 | 127,000,000 | 122,000,000 | 117,000,000 | 105,000,000 | 104,000,000 | 104,000,000 | 104,000,000 | 99,000,000 | 96,000,000 | 100,000,000 | 105,000,000 | 110,000,000 | 107,000,000 | 102,000,000 | 103,000,000 | 99,000,000 | 97,000,000 | 94,000,000 | 92,000,000 | 89,000,000 | 86,000,000 | 84,000,000 | 81,000,000 | 72,000,000 | 66,000,000 | 66,000,000 | 67,000,000 | 63,000,000 | 60,000,000 | 60,000,000 | 61,000,000 | 65,000,000 | 56,000,000 | 51,000,000 | 47,000,000 | 47,000,000 | 55,000,000 | 60,000,000 | 64,000,000 | 65,000,000 | 68,000,000 | 75,000,000 | 74,000,000 | 72,000,000 | 74,000,000 | 78,000,000 | 82,000,000 | 92,000,000 | 101,000,000 | 112,000,000 | 117,000,000 | 123,000,000 | 119,000,000 | 121,000,000 | 70,000,000 | 67 | 64,000,000 | 36,000,000 | 70,000,000 | 78,000,000 | 70,000,000 | 73,000,000 | 95,000,000 | 106,000,000 | 141,000,000 | 151,000,000 | 143,000,000 | |||
total operating expense | 15,353,000,000 | 14,536,000,000 | 14,989,000,000 | 14,546,000,000 | 13,471,000,000 | 13,842,000,000 | 14,280,000,000 | 14,391,000,000 | 13,134,000,000 | 12,901,000,000 | 13,504,000,000 | 13,087,000,000 | 13,036,000,000 | 11,965,000,000 | 12,519,000,000 | 12,305,000,000 | 10,131,000,000 | 9,207,000,000 | 6,949,000,000 | 6,310,000,000 | 5,548,000,000 | 4,831,000,000 | 9,448,000,000 | 6,283,000,000 | 9,002,000,000 | 10,040,000,000 | 10,489,000,000 | 10,408,000,000 | 9,452,000,000 | 9,639,000,000 | 10,311,000,000 | 10,095,000,000 | 9,128,000,000 | 9,051,000,000 | 9,221,000,000 | 8,763,000,000 | 8,095,000,000 | 8,438,000,000 | 8,514,000,000 | 8,024,000,000 | 7,711,000,000 | 7,785,000,000 | 8,894,000,000 | 8,233,000,000 | 7,990,000,000 | 10,475,000,000 | 10,343,000,000 | 9,042,000,000 | 8,296,000,000 | 8,375,000,000 | 8,927,000,000 | 8,793,000,000 | 8,278,000,000 | 8,251,000,000 | 8,615,000,000 | 9,598,000,000 | 8,031,000,000 | 7,673,000,000 | 8,956,000,000 | 8,672,000,000 | 7,839,000,000 | 7,495,000,000 | 7,947,000,000 | 7,316,000,000 | 6,780,000,000 | 6,851,000,000 | 7,370,000,000 | 6,999,000,000 | 7,167,000,000 | 5,588,000,000 | 6,586 | 11,027,000,000 | 3,103,000,000 | 3,989,000,000 | |||||||||||
operating income | 501,000,000 | 1,467,000,000 | 1,684,000,000 | 2,102,000,000 | 569,000,000 | 1,717,000,000 | 1,397,000,000 | 2,267,000,000 | 614,000,000 | 1,322,000,000 | 1,984,000,000 | 2,491,000,000 | -277,000,000 | 1,470,000,000 | 1,456,000,000 | 1,519,000,000 | -783,000,000 | 263,000,000 | 2,205,000,000 | 816,000,000 | -1,398,000,000 | -858,000,000 | -6,386,000,000 | -4,815,000,000 | -410,000,000 | 1,399,000,000 | 2,071,000,000 | 2,128,000,000 | 1,020,000,000 | 1,103,000,000 | 1,642,000,000 | 1,680,000,000 | 840,000,000 | 1,194,000,000 | 1,839,000,000 | 2,028,000,000 | 1,053,000,000 | 1,020,000,000 | 1,969,000,000 | 2,423,000,000 | 1,540,000,000 | 1,717,000,000 | 2,213,000,000 | 2,474,000,000 | 1,398,000,000 | -828,000,000 | 835,000,000 | 1,579,000,000 | 620,000,000 | 701,000,000 | 1,563,000,000 | 914,000,000 | 222,000,000 | 351,000,000 | 1,308,000,000 | 134,000,000 | 382,000,000 | 726,000,000 | 860,000,000 | 481,000,000 | -92,000,000 | 294,000,000 | 1,003,000,000 | 852,000,000 | 68,000,000 | -46,000,000 | 204,000,000 | 1,000,000 | -483,000,000 | 131,000,000 | -1,087 | -6,261,000,000 | 345,000,000 | 155,000,000 | 6,000,000 | 168,000,000 | 369,000,000 | -485,000,000 | -675,000,000 | -240,000,000 | -129,000,000 | -957,000,000 | |||
yoy | -11.95% | -14.56% | 20.54% | -7.28% | -7.33% | 29.88% | -29.59% | -8.99% | -321.66% | -10.07% | 36.26% | 63.99% | -64.62% | 458.94% | -33.97% | 86.15% | -43.99% | -130.65% | -134.53% | -116.95% | 240.98% | -161.33% | -408.35% | -326.27% | -140.20% | 26.84% | 26.13% | 26.67% | 21.43% | -7.62% | -10.71% | -17.16% | -20.23% | 17.06% | -6.60% | -16.30% | -31.62% | -40.59% | -11.03% | -2.06% | 10.16% | -307.37% | 165.03% | 56.68% | 125.48% | -218.12% | -46.58% | 72.76% | 179.28% | 99.72% | 19.50% | 582.09% | -41.88% | -51.65% | 52.09% | -72.14% | -515.22% | 146.94% | -14.26% | -43.54% | -235.29% | -739.13% | 391.67% | 85100.00% | -114.08% | 55.73% | -92096.32% | -92.29% | -62.03% | -100.00% | -104450.00% | -6.50% | -131.96% | -100.89% | -170.00% | -386.05% | -49.32% | ||||||||
qoq | -65.85% | -12.89% | -19.89% | 269.42% | -66.86% | 22.91% | -38.38% | 269.22% | -53.56% | -33.37% | -20.35% | -999.28% | -118.84% | 0.96% | -4.15% | -294.00% | -397.72% | -88.07% | 170.22% | -158.37% | 62.94% | -86.56% | 32.63% | 1074.39% | -129.31% | -32.45% | -2.68% | 108.63% | -7.52% | -32.83% | -2.26% | 100.00% | -29.65% | -35.07% | -9.32% | 92.59% | 3.24% | -48.20% | -18.74% | 57.34% | -10.31% | -22.41% | -10.55% | 76.97% | -268.84% | -199.16% | -47.12% | 154.68% | -11.55% | -55.15% | 71.01% | 311.71% | -36.75% | -73.17% | 876.12% | -64.92% | -47.38% | -15.58% | 78.79% | -622.83% | -131.29% | -70.69% | 17.72% | 1152.94% | -247.83% | -122.55% | 20300.00% | -100.21% | -12051617.94% | -100.00% | 122.58% | 2483.33% | -96.43% | -54.47% | -176.08% | -28.15% | 181.25% | 86.05% | -86.52% | ||||||
operating margin % | 3.16% | 9.17% | 10.10% | 12.63% | 4.05% | 11.04% | 8.91% | 13.61% | 4.47% | 9.29% | 12.81% | 15.99% | -2.17% | 10.94% | 10.42% | 10.99% | -8.38% | 2.78% | 24.09% | 11.45% | -33.69% | -21.60% | -208.56% | -328.00% | -4.77% | 12.23% | 16.49% | 16.98% | 9.74% | 10.27% | 13.74% | 14.27% | 8.43% | 11.65% | 16.63% | 18.79% | 11.51% | 10.78% | 18.78% | 23.19% | 16.65% | 18.07% | 19.92% | 23.11% | 14.89% | -8.58% | 7.47% | 14.87% | 6.95% | 7.72% | 14.90% | 9.42% | 2.61% | 4.08% | 13.18% | 1.38% | 4.54% | 8.64% | 8.76% | 5.26% | -1.19% | 3.77% | 11.21% | 10.43% | 0.99% | -0.68% | 2.69% | 0.01% | -7.23% | NaN% | 2.29% | -19.77% | -131.37% | NaN% | 10.01% | 3.74% | 0.14% | 3.61% | 7.93% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | |
non-operating expense: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -151,000,000 | -158,000,000 | -171,000,000 | -172,000,000 | -179,000,000 | -180,000,000 | -173,000,000 | -188,000,000 | -205,000,000 | -207,000,000 | -196,000,000 | -203,000,000 | -227,000,000 | -238,000,000 | -248,000,000 | -269,000,000 | -274,000,000 | -265,000,000 | -314,000,000 | -338,000,000 | -361,000,000 | -365,000,000 | -291,000,000 | -194,000,000 | -79,000,000 | -73,000,000 | -70,000,000 | -75,000,000 | -83,000,000 | -37,000,000 | -84,000,000 | -89,000,000 | -102,000,000 | -99,000,000 | -100,000,000 | -103,000,000 | -94,000,000 | -93,000,000 | -95,000,000 | -93,000,000 | -107,000,000 | -102,000,000 | -121,000,000 | -127,000,000 | -131,000,000 | -190,000,000 | -140,000,000 | -155,000,000 | -165,000,000 | -172,000,000 | -176,000,000 | -172,000,000 | -178,000,000 | -189,000,000 | -195,000,000 | -207,000,000 | -221,000,000 | -218,000,000 | -229,000,000 | -233,000,000 | -221,000,000 | -224,000,000 | -256,000,000 | -315,000,000 | -326,000,000 | -327,000,000 | -319,000,000 | -324,000,000 | -308,000,000 | -140,000,000 | -141 | -147,000,000 | -227,000,000 | -214,000,000 | -199,000,000 | -277,000,000 | -288,000,000 | -268,000,000 | |||||||
gain on investments | -550,000,000 | 205,000,000 | 311,000,000 | 735,000,000 | -40,000,000 | -246,000,000 | 350,000,000 | -196,000,000 | -227,000,000 | 1,218,000,000 | -206,000,000 | 128,000,000 | 122,000,000 | -170,000,000 | -245,000,000 | -221,000,000 | -147,000,000 | -195,000,000 | -223,000,000 | 211,000,000 | 262,000,000 | 94,000,000 | -95,000,000 | 8,000,000 | -112,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | -4,000,000 | -6,000,000 | -20,000,000 | -3,000,000 | -32,000,000 | -4,000,000 | -13,000,000 | -29,000,000 | -22,000,000 | -34,000,000 | -41,000,000 | -25,000,000 | -53,000,000 | -183,000,000 | -5,000,000 | -134,000,000 | -111,000,000 | -18,000,000 | -106,000,000 | -12,000,000 | -30,000,000 | -5,000,000 | -13,000,000 | -20,000,000 | -31,000,000 | -360,000,000 | -83,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
miscellaneous | -10,000,000 | -1,000,000 | -41,000,000 | -71,000,000 | -30,000,000 | -86,000,000 | -13,000,000 | -78,000,000 | -56,000,000 | 3,000,000 | 13,000,000 | -9,000,000 | -41,000,000 | -4,000,000 | -44,000,000 | -16,000,000 | -44,000,000 | -361,000,000 | 96,000,000 | 87,000,000 | 36,000,000 | 21,000,000 | 27,000,000 | 45,000,000 | -6,000,000 | -64,000,000 | -19,000,000 | -64,000,000 | -91,000,000 | 136,000,000 | 66,000,000 | 19,000,000 | -38,000,000 | -5,000,000 | 66,000,000 | -34,000,000 | -44,000,000 | 25,000,000 | 26,000,000 | 20,000,000 | 1,000,000 | -82,000,000 | -20,000,000 | 19,000,000 | -81,000,000 | -170,000,000 | 32,000,000 | 3,000,000 | -81,000,000 | -20,000,000 | 13,000,000 | -15,000,000 | 1,000,000 | -1,000,000 | -42,000,000 | 17,000,000 | -9,000,000 | -31,000,000 | 6,000,000 | -9,000,000 | 22,000,000 | 25,000,000 | -72,000,000 | -8,000,000 | 14,000,000 | 15,000,000 | 61,000,000 | -13,000,000 | -62,000,000 | 40 | -9,000,000 | 9,000,000 | 29,000,000 | -7,000,000 | -31,000,000 | 19,000,000 | -250,000 | ||||||||
total non-operating expense | -715,000,000 | -249,000,000 | -494,000,000 | -492,000,000 | -216,500,000 | -463,000,000 | -174,000,000 | -229,000,000 | -350,000,000 | -494,000,000 | -486,000,000 | -417,000,000 | -658,000,000 | -673,000,000 | -40,000,000 | -117,000,000 | -250,000,000 | -473,000,000 | -2,199,000,000 | -197,000,000 | -221,000,000 | -74,000,000 | -308,000,000 | -122,000,000 | -104,000,000 | -34,000,000 | -137,000,000 | -138,000,000 | -68,000,000 | -69,000,000 | -73,000,000 | -106,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | -214,000,000 | 1,513,000,000 | 1,777,000,000 | 2,574,000,000 | 320,000,000 | 1,202,000,000 | 1,561,000,000 | 1,773,000,000 | 122,000,000 | 2,275,000,000 | 1,521,000,000 | 2,317,000,000 | -506,000,000 | 1,120,000,000 | 962,000,000 | 1,033,000,000 | -1,200,000,000 | -395,000,000 | 1,532,000,000 | 776,000,000 | -1,515,000,000 | -1,108,000,000 | -6,859,000,000 | -7,014,000,000 | -607,000,000 | 1,398,000,000 | 1,947,000,000 | 1,907,000,000 | 946,000,000 | 1,387,000,000 | 1,674,000,000 | 1,372,000,000 | 718,000,000 | 1,090,000,000 | 1,805,000,000 | 1,891,000,000 | 915,000,000 | 952,000,000 | 1,900,000,000 | 2,350,000,000 | 1,434,000,000 | 1,533,000,000 | 2,072,000,000 | 2,366,000,000 | 1,186,000,000 | -1,140,000,000 | 579,000,000 | 1,298,000,000 | 335,000,000 | 475,000,000 | 1,363,000,000 | 686,000,000 | 3,000,000 | 11,000,000 | 1,052,000,000 | -164,000,000 | 127,000,000 | 417,000,000 | 547,000,000 | 195,000,000 | -389,000,000 | 20,000,000 | 366,000,000 | 468,000,000 | -246,000,000 | -355,000,000 | -179,000,000 | -253,000,000 | -794,000,000 | -50,000,000 | -1,163 | -6,390,000,000 | -130,000,000 | -2,201,000,000 | -2,090,000,000 | -1,137,000,000 | -1,107,000,000 | -400,000,000 | -1,215,000,000 | ||||||
income tax provision | -75,000,000 | -294,000,000 | -360,000,000 | -444,000,000 | -80,000,000 | -359,000,000 | -289,000,000 | -468,000,000 | -238,000,000 | -413,000,000 | -490,000,000 | -76,250,000 | -267,000,000 | -300,000,000 | -452,000,000 | -464,000,000 | -216,000,000 | -336,000,000 | -362,000,000 | -347,000,000 | -171,000,000 | -518,000,000 | -627,000,000 | -667,000,000 | -312,000,000 | -330,000,000 | -641,000,000 | -804,000,000 | -488,000,000 | -519,500,000 | -757,000,000 | -881,000,000 | -440,000,000 | -1,000,000 | -10,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -289,000,000 | 1,219,000,000 | 1,417,000,000 | 2,130,000,000 | 240,000,000 | 843,000,000 | 1,272,000,000 | 1,305,000,000 | 37,000,000 | 2,037,000,000 | 1,108,000,000 | 1,827,000,000 | -363,000,000 | 829,000,000 | 695,000,000 | 735,000,000 | -940,000,000 | -408,000,000 | 1,212,000,000 | 652,000,000 | -1,177,000,000 | -755,000,000 | -5,379,000,000 | -5,717,000,000 | -534,000,000 | 1,098,000,000 | 1,495,000,000 | 1,443,000,000 | 730,000,000 | 1,051,000,000 | 1,312,000,000 | 1,025,000,000 | 547,000,000 | 572,000,000 | 1,178,000,000 | 1,224,000,000 | 603,000,000 | 622,000,000 | 1,259,000,000 | 1,546,000,000 | 946,000,000 | 980,000,000 | 1,315,000,000 | 1,485,000,000 | 746,000,000 | -712,000,000 | 357,000,000 | 801,000,000 | 213,000,000 | 8,479,000,000 | 1,369,000,000 | 685,000,000 | 7,000,000 | 6,000,000 | 1,047,000,000 | -168,000,000 | 124,000,000 | 425,000,000 | 549,000,000 | 198,000,000 | -318,000,000 | 19,000,000 | 363,000,000 | 467,000,000 | -256,000,000 | -25,000,000 | -161,000,000 | -257,000,000 | -794,000,000 | -50,000,000 | -1,044 | -6,390,000,000 | 164,000,000 | -130,000,000 | -1,981,000,000 | 52,000,000 | -2,205,000,000 | -2,069,000,000 | -1,235,000,000 | -1,130,000,000 | -382,000,000 | -1,071,000,000 | |||
yoy | -220.42% | 44.60% | 11.40% | 63.22% | 548.65% | -58.62% | 14.80% | -28.57% | -110.19% | 145.72% | 59.42% | 148.57% | -61.38% | -303.19% | -42.66% | 12.73% | -20.14% | -45.96% | -122.53% | -111.40% | 120.41% | -168.76% | -459.80% | -496.19% | -173.15% | 4.47% | 13.95% | 40.78% | 33.46% | 83.74% | 11.38% | -16.26% | -9.29% | -8.04% | -6.43% | -20.83% | -36.26% | -36.53% | -4.26% | 4.11% | 26.81% | -237.64% | 268.35% | 85.39% | 250.23% | -108.40% | -73.92% | 16.93% | 2942.86% | 141216.67% | 30.75% | -507.74% | -94.35% | -98.59% | 90.71% | -184.85% | -138.99% | 2136.84% | 51.24% | -57.60% | 24.22% | -176.00% | -325.47% | -281.71% | -67.76% | 222.00% | 24616758.24% | -87.57% | -130.49% | -100.00% | 222.56% | -107.44% | -93.72% | 60.40% | -104.60% | 477.23% | 93.18% | ||||||||
qoq | -123.71% | -13.97% | -33.47% | 787.50% | -71.53% | -33.73% | -2.53% | 3427.03% | -98.18% | 83.84% | -39.35% | -603.31% | -143.79% | 19.28% | -5.44% | -178.19% | 130.39% | -133.66% | 85.89% | -155.40% | 55.89% | -85.96% | -5.91% | 970.60% | -148.63% | -26.56% | 3.60% | 97.67% | -30.54% | -19.89% | 28.00% | 87.39% | -4.37% | -51.44% | -3.76% | 102.99% | -3.05% | -50.60% | -18.56% | 63.42% | -3.47% | -25.48% | -11.45% | 99.06% | -204.78% | -299.44% | -55.43% | 276.06% | -97.49% | 519.36% | 99.85% | 9685.71% | 16.67% | -99.43% | -723.21% | -235.48% | -70.82% | -22.59% | 177.27% | -162.26% | -1773.68% | -94.77% | -22.27% | -282.42% | 924.00% | -84.47% | -37.35% | -67.63% | 4789172.03% | -100.00% | -226.15% | -93.44% | -3909.62% | -102.36% | 6.57% | 67.53% | 9.29% | 195.81% | -64.33% | ||||||
net income margin % | -1.82% | 7.62% | 8.50% | 12.79% | 1.71% | 5.42% | 8.11% | 7.83% | 0.27% | 14.32% | 7.15% | 11.73% | -2.85% | 6.17% | 4.97% | 5.32% | -10.06% | -4.31% | 13.24% | 9.15% | -28.36% | -19.00% | -175.67% | -389.44% | -6.22% | 9.60% | 11.90% | 11.51% | 6.97% | 9.78% | 10.98% | 8.70% | 5.49% | 5.58% | 10.65% | 11.34% | 6.59% | 6.58% | 12.01% | 14.80% | 10.23% | 10.31% | 11.84% | 13.87% | 7.95% | -7.38% | 3.19% | 7.54% | 2.39% | 93.42% | 13.05% | 7.06% | 0.08% | 0.07% | 10.55% | -1.73% | 1.47% | 5.06% | 5.59% | 2.16% | -4.10% | 0.24% | 4.06% | 5.72% | -3.74% | -0.37% | -2.13% | -3.67% | -11.88% | NaN% | -0.87% | -18.99% | -134.07% | NaN% | 4.76% | -3.14% | -47.87% | 1.12% | -47.37% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | |
basic earnings per share | -0.44 | 1.87 | 2.18 | 3.28 | 0.37 | 1.31 | 1.98 | 2.04 | 0.06 | 3.18 | 1.73 | 2.86 | 1.3 | 1.09 | 1.15 | -0.64 | 1.9 | 1.02 | -1.19 | -8.47 | -9.01 | -0.84 | 1.71 | 2.32 | 2.22 | 1.1 | 1.54 | 1.91 | 1.47 | 0.78 | 0.82 | 1.64 | 1.68 | 0.83 | 0.87 | 1.7 | 2.04 | 1.22 | 1.26 | 1.67 | 1.85 | 0.91 | -0.84 | 0.43 | 0.95 | 0.25 | 9.99 | 1.61 | 0.81 | 0.01 | 0.01 | 1.24 | -0.2 | 0.15 | 0.51 | 0.66 | 0.24 | 0.02 | 0.43 | 0.56 | -2.64 | -5.383 | 0.26 | ||||||||||||||||||||||
diluted earnings per share | -0.44 | 1.86 | 2.17 | 3.27 | 0.37 | 1.29 | 1.97 | 2.01 | 0.06 | 3.17 | 1.72 | 2.84 | 1.3 | 1.08 | 1.15 | -0.63 | 1.89 | 1.02 | -1.19 | -8.47 | -9.01 | -0.84 | 1.71 | 2.31 | 2.21 | 1.09 | 1.53 | 1.91 | 1.47 | 0.77 | 0.82 | 1.64 | 1.68 | 0.82 | 0.87 | 1.69 | 2.03 | 1.21 | 1.26 | 1.65 | 1.83 | 0.9 | -0.83 | 0.42 | 0.94 | 0.25 | 9.89 | 1.59 | 0.8 | 0.01 | 0.01 | 1.23 | -0.2 | 0.15 | 0.5 | 0.65 | 0.23 | 0.02 | 0.43 | 0.55 | -2.64 | -5.383 | 0.22 | ||||||||||||||||||||||
comprehensive income | -260 | 976.75 | 1,458 | 2,169 | 281 | 692 | 1,321 | 1,358 | 89 | 678.25 | 1,157 | 1,872 | 168.25 | 757 | 798 | 231.5 | 1,294 | 730 | -2,895 | -5,381 | -5,756 | -443 | 962.25 | 1,545 | 1,515 | 789 | 742.5 | 1,383 | 1,100 | 487 | 791.25 | 1,251 | 1,246 | 668 | 953.5 | 1,326 | 1,546 | 942 | 885.25 | 1,287 | 1,491 | 763 | 350.25 | 394 | 803 | 204 | 578.5 | 1,376 | 780 | 158 | 326.25 | 1,073 | -140 | 372 | |||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these condensed consolidated financial statements. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ancillary businesses and refinery | 1,604,000,000 | 1,724,000,000 | 1,409,000,000 | 1,250,000,000 | 1,333,000,000 | 1,250,000,000 | 1,463,000,000 | 1,370,000,000 | 745,000,000 | 1,128,000,000 | 1,173,000,000 | 1,125,000,000 | 1,307,000,000 | 1,349,000,000 | 1,718,000,000 | 1,382,000,000 | 1,233,000,000 | 1,079,000,000 | 939,000,000 | 706,000,000 | 604,000,000 | 561,000,000 | 401,000,000 | 219,000,000 | 300,000,000 | 279,000,000 | 316,000,000 | 351,000,000 | 299,000,000 | 410,000,000 | 494,000,000 | 493,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
non-operating income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total non-operating income | 46,000,000 | 93,000,000 | 472,000,000 | -515,000,000 | 164,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pilot agreement and related expenses | 864,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | -85,000,000 | 143,000,000 | -298,000,000 | 260,000,000 | -13,000,000 | -320,000,000 | -124,000,000 | 338,000,000 | 353,000,000 | 1,480,000,000 | 1,297,000,000 | 73,000,000 | 428,000,000 | -222,000,000 | -497,000,000 | -122,000,000 | 8,004,000,000 | 6,000,000 | -1,000,000 | 4,000,000 | -5,000,000 | -5,000,000 | -4,000,000 | -3,000,000 | 8,000,000 | 2,000,000 | 3,000,000 | 71,000,000 | -1,000,000 | -3,000,000 | 330,000,000 | 18,000,000 | -4,000,000 | 119 | -103,000,000 | 725,000,000 | 23,000,000 | -4,000,000 | 21,000,000 | -98,000,000 | -23,000,000 | 18,000,000 | 144,000,000 | ||||||||||||||||||||||||||||||||||||||||||
pension and related benefit | -61,000,000 | -61,000,000 | -61,000,000 | -61,000,000 | 74,000,000 | 73,000,000 | 73,000,000 | 73,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic loss per share | -0.57 | -1.48 | -1.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted loss per share | -0.57 | -1.48 | -1.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive loss | -316 | -881 | -1,099 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
government grant recognition | -1,822,000,000 | -1,504,000,000 | -1,186,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity method results | -2,000,000 | 4,000,000 | -12,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charges | -5,000,000 | -16,000,000 | 33,000,000 | 8,000,000 | -44,000,000 | 421,000,000 | 5,345,000,000 | 2,454,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared per share | 0.4 | 0.41 | 0.4 | 0.35 | 0.35 | 0.35 | 0.35 | 0.31 | 0.31 | 0.31 | 0.31 | 0.2 | 0.2 | 0.208 | 0.203 | 0.135 | 0.135 | 0.135 | 0.135 | 0.09 | 0.09 | 0.09 | 0.09 | 0.06 | 0.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairments and equity method losses | -235,000,000 | -49,000,000 | -54,000,000 | -2,058,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
regional carriers expense, excluding fuel | 591,000,000 | 488,000,000 | 497,000,000 | 902,000,000 | 886,000,000 | 900,000,000 | 905,000,000 | 893,000,000 | 795,000,000 | 903,000,000 | 883,000,000 | 856,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cares act grant recognition | -648,750,000 | -1,315,000,000 | -1,280,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairments and equity method gains | -608,000,000 | -114,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-operating (expense)/income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain/(loss) on investments | -4,250,000 | -35,000,000 | -82,000,000 | 185,000,000 | 50,000,000 | -238,000,000 | 18,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total non-operating (expense)/income | -104,750,000 | -124,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on investments | 100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-operating income/ | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total non-operating income/(expense) | -99,250,000 | 32,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
passenger: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mainline | 7,078,000,000 | 7,924,000,000 | 7,699,000,000 | 6,404,000,000 | 6,575,000,000 | 7,615,000,000 | 7,471,000,000 | 6,444,000,000 | 6,703,000,000 | 8,059,000,000 | 7,587,000,000 | 6,549,000,000 | 6,738,000,000 | 8,144,000,000 | 7,582,000,000 | 6,224,000,000 | 6,312,000,000 | 7,566,000,000 | 6,796,000,000 | 5,876,000,000 | 5,914,000,000 | 7,017,000,000 | 6,644,000,000 | 5,675,000,000 | 5,666,000,000 | 6,857,000,000 | 6,207,000,000 | 5,134,000,000 | 5,238,000,000 | 6,204,000,000 | 5,480,000,000 | 4,486,000,000 | 4,469,000,000 | 5,122,000,000 | 4,564,000,000 | 4,367,000,000 | 3,921,000,000 | 3,627 | 3,061,000,000 | 2,338,000,000 | 2,796,000,000 | 2,781,000,000 | 3,227,000,000 | 3,193,000,000 | 2,572,000,000 | 2,183,750,000 | 3,041,000,000 | 3,045,000,000 | 2,649,000,000 | ||||||||||||||||||||||||||||||||||||
regional carriers | 1,423,000,000 | 1,475,000,000 | 1,532,000,000 | 1,284,000,000 | 1,399,000,000 | 1,456,000,000 | 1,499,000,000 | 1,318,000,000 | 1,422,000,000 | 1,536,000,000 | 1,552,000,000 | 1,374,000,000 | 1,497,000,000 | 1,632,000,000 | 1,684,000,000 | 1,453,000,000 | 1,562,000,000 | 1,688,000,000 | 1,698,000,000 | 1,457,000,000 | 1,524,000,000 | 1,675,000,000 | 1,807,000,000 | 1,551,000,000 | 1,557,000,000 | 1,711,000,000 | 1,684,000,000 | 1,441,000,000 | 1,430,000,000 | 1,571,000,000 | 1,529,000,000 | 1,320,000,000 | 1,310,000,000 | 1,402,000,000 | 1,339,000,000 | 1,234,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
total passenger revenue | 8,501,000,000 | 9,399,000,000 | 9,231,000,000 | 7,688,000,000 | 7,974,000,000 | 9,071,000,000 | 8,970,000,000 | 7,762,000,000 | 8,125,000,000 | 9,595,000,000 | 9,139,000,000 | 7,923,000,000 | 8,235,000,000 | 9,776,000,000 | 9,266,000,000 | 7,677,000,000 | 7,874,000,000 | 9,254,000,000 | 8,494,000,000 | 7,333,000,000 | 7,438,000,000 | 8,692,000,000 | 8,451,000,000 | 7,226,000,000 | 7,223,000,000 | 8,568,000,000 | 7,891,000,000 | 6,575,000,000 | 6,668,000,000 | 7,775,000,000 | 7,009,000,000 | 5,806,000,000 | 5,779,000,000 | 6,524,000,000 | 5,903,000,000 | 5,601,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
regional carriers expense | 1,156,000,000 | 1,156,000,000 | 1,081,000,000 | 1,110,000,000 | 1,090,000,000 | 1,119,000,000 | 1,096,000,000 | 1,006,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring and other items | 8,750,000 | 25,000,000 | 10,000,000 | 67,000,000 | 570,000,000 | 30,000,000 | 49,000,000 | 160,000,000 | 106,000,000 | 34,000,000 | 102,000,000 | 122,000,000 | 149,000,000 | 193,000,000 | -12,000,000 | 88,000,000 | 3,000,000 | 144,000,000 | 7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expense: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other expense | -115,250,000 | -141,000,000 | -108,000,000 | -212,000,000 | -312,000,000 | -256,000,000 | -281,000,000 | -285,000,000 | -226,000,000 | -200,000,000 | -228,000,000 | -340,000,000 | -256,000,000 | -298,000,000 | -255,000,000 | -286,000,000 | -297,000,000 | -274,000,000 | -637,000,000 | -384,000,000 | -314,000,000 | -309,000,000 | -383,000,000 | -254,000,000 | -311,000,000 | -181,000,000 | -76 | -129,000,000 | -78,000,000 | -161,000,000 | -191,000,000 | -237,000,000 | -190,000,000 | -202,000,000 | -197,250,000 | -260,000,000 | -271,000,000 | -258,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
other income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount | -13,250,000 | -14,000,000 | -18,000,000 | -21,000,000 | -34,000,000 | -37,000,000 | -41,000,000 | -42,000,000 | -45,000,000 | -48,000,000 | -49,000,000 | -51,000,000 | -52,000,000 | -48,000,000 | -46,000,000 | -47,000,000 | -46,000,000 | -53,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contract carrier arrangements | 1,399,000,000 | 1,409,000,000 | 1,447,000,000 | 1,416,000,000 | 1,375,000,000 | 1,328,000,000 | 1,432,000,000 | 1,410,000,000 | 1,300,000,000 | 1,180,000,000 | 1,236,000,000 | 972,000,000 | 917,000,000 | 941,000,000 | 1,009,000,000 | 965,000,000 | 908,000,000 | 905,000,000 | 931 | 896,000,000 | 530,000,000 | 717,000,000 | 663,000,000 | 724,000,000 | 660,000,000 | 609,000,000 | 590,000,000 | 313,000,000 | 211,000,000 | 204,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | -219,000,000 | -224,250,000 | -313,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted loss per share | -0.38 | -0.31 | -0.368 | -0.19 | -0.31 | -0.96 | -16.15 | -0.66 | -11.18 | -10.68 | -6.68 | -6.73 | -2.64 | -7.64 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring and merger-related items | 108,000,000 | 206,000,000 | 82,000,000 | 54,000,000 | 121,000,000 | 129,000,000 | 58,000,000 | 99,000,000 | 24,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 5,000,000 | 7,000,000 | 3,000,000 | 20,000,000 | 4,000,000 | 4,000,000 | 9,000,000 | 10,000,000 | 21,000,000 | 25 | 27,000,000 | 33,000,000 | 10,000,000 | 23,000,000 | 16,000,000 | 18,000,000 | 12,000,000 | 14,000,000 | 17,000,000 | 14,000,000 | 14,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of goodwill and other intangible assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of goodwill | 839 | 6,100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
regional affiliates | 1,057,000,000 | 1,143 | 1,039,000,000 | 760,000,000 | 947,000,000 | 944,000,000 | 1,016,000,000 | 1,035,000,000 | 858,000,000 | 592,500,000 | 850,000,000 | 830,000,000 | 690,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of intangible assets | 357 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before reorganization items | -50,000,000 | -1,163 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reorganization items | -124,000,000 | -2,521,000,000 | 98,000,000 | -2,380,000,000 | -1,403,000,000 | -277,000,000 | -607,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic income per share | -0.13 | 0.42 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted income per share | -0.13 | 0.42 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring and related items | 104 | 16,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss before reorganization items | -6,390,000,000 | -6,000,000 | -185,000,000 | -69,000,000 | -687,000,000 | -860,000,000 | -500,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense (contractual interest expense totaled 88 and 366 for the | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
one month and four months ended april 30, 2007, respectively, and 306 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and 615 for the three and six months ended june 30, 2006, respectively) | -120,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income (loss) before reorganization | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
items | 267,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income (loss) before income taxes | 267,000,000 | -1,065,500,000 | 29,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends | -2,000,000 | -3,000,000 | -4,000,000 | -6,000,000 | -5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shareowners | 164,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft fuel | 920,000,000 | 1,037,000,000 | 1,242,000,000 | 1,111,000,000 | 929,000,000 | 1,130,000,000 | 1,203,000,000 | 1,054,000,000 | 884,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense (contractual interest expense equals 412 and 309 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
for the three months ended march 31, 2007 and 2006, respectively) | -200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareowners | -130,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring, asset writedowns, pension settlements and related items | -4,000,000 | -2,000,000 | 10,000,000 | 9,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 3,245,250,000 | 4,491,000,000 | 4,286,000,000 | 4,204,000,000 | 3,343,500,000 | 4,456,000,000 | 4,314,000,000 | 4,604,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense (contractual interest expense totaled 299 and 914 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
for the three and nine months ended september 30, 2006, respectively, and 298 and 859 for the three and nine months ended september 30, 2005, respectively) | -165,750,000 | -222,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to common shareowners | -1,056,000,000 | 52,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income (loss) before reorganization items | 179,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common shareowners | -2,205,000,000 | -2,071,000,000 | -1,238,000,000 | -1,134,000,000 | -388,000,000 | -1,076,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating revenues | 3,719,000,000 | 3,012,000,000 | 4,216,000,000 | 4,185,000,000 | 3,647,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension settlements, asset writedowns, restructuring and related items | 178,000,000 | 85,000,000 | 96,000,000 | 531,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares used for eps calculation | 168,433,862 | 146,820,375 | 140,924,006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
miscellaneous income | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value adjustments of sfas 133 derivatives | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
miscellaneous expense | -2,000,000 |
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 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-06-30 | 2007-04-30 | 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 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 5,053,000,000 | 4,310,000,000 | 3,791,000,000 | 3,331,000,000 | 3,711,000,000 | 3,069,000,000 | 3,969,000,000 | 4,110,000,000 | 3,877,000,000 | 2,741,000,000 | 2,835,000,000 | 2,668,000,000 | 3,215,000,000 | 3,266,000,000 | 7,023,000,000 | 9,221,000,000 | 7,705,000,000 | 7,933,000,000 | 8,785,000,000 | 10,357,000,000 | 8,460,000,000 | 8,307,000,000 | 16,477,000,000 | 11,366,000,000 | 5,967,000,000 | 2,882,000,000 | 1,899,000,000 | 2,009,000,000 | 1,910,000,000 | 1,565,000,000 | 1,380,000,000 | 1,886,000,000 | 1,447,000,000 | 1,814,000,000 | 1,478,000,000 | 2,241,000,000 | 1,907,000,000 | 2,762,000,000 | 1,638,000,000 | 1,662,000,000 | 1,708,000,000 | 1,972,000,000 | 2,369,000,000 | 2,293,000,000 | 2,122,000,000 | 2,088,000,000 | 2,510,000,000 | 3,362,000,000 | 2,699,000,000 | 2,844,000,000 | 3,018,000,000 | 2,965,000,000 | 2,636,000,000 | 2,416,000,000 | 2,274,000,000 | 2,539,000,000 | 2,911,000,000 | 2,657,000,000 | 2,307,000,000 | 2,855,000,000 | 2,881,000,000 | 2,892,000,000 | 3,436,000,000 | 4,434,000,000 | 4,913,000,000 | 4,607,000,000 | 5,396,000,000 | 4,851,000,000 | 4,441,000,000 | 4,255,000,000 | 2,160,000,000 | 3,239,000,000 | 2,492,000,000 | 2,648,000,000 | 1,830,000,000 | 2,093,000,000 | 2,034,000,000 | 2,283,000,000 | 2,431,000,000 | 2,429,000,000 | 2,008,000,000 | 1,361,000,000 | 1,341,000,000 | 1,646,000,000 | 1,463,000,000 | |
accounts receivable | 4,090,000,000 | 3,612,000,000 | 3,755,000,000 | 3,652,000,000 | 3,550,000,000 | 3,812,000,000 | 3,748,000,000 | 3,214,000,000 | 3,122,000,000 | 3,224,000,000 | 3,097,000,000 | 3,093,000,000 | 3,039,000,000 | 1,240,000,000 | 1,418,000,000 | 1,086,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel, expendable parts and supplies inventories, net of allowance for obsolescence of 132 and 124 | 1,767,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other | 2,753,000,000 | 2,207,000,000 | 2,284,000,000 | 2,371,000,000 | 2,387,000,000 | 2,123,000,000 | 2,068,000,000 | 2,056,000,000 | 1,913,000,000 | 1,957,000,000 | 2,529,000,000 | 2,484,000,000 | 2,187,000,000 | 1,877,000,000 | 1,861,000,000 | 1,716,000,000 | 1,434,000,000 | 1,119,000,000 | 1,074,000,000 | 1,173,000,000 | 1,153,000,000 | 1,180,000,000 | 1,256,000,000 | 1,025,000,000 | 1,054,000,000 | 1,262,000,000 | 1,137,000,000 | 1,198,000,000 | 1,061,000,000 | 1,203,000,000 | 1,181,000,000 | 1,219,000,000 | 2,040,000,000 | 1,499,000,000 | 1,110,000,000 | 1,087,000,000 | 1,068,000,000 | 854,000,000 | 910,000,000 | 1,017,000,000 | 887,000,000 | 796,000,000 | 816,000,000 | 815,000,000 | 790,000,000 | 733,000,000 | 1,220,000,000 | 1,221,000,000 | 1,209,000,000 | 1,318,000,000 | 1,355,000,000 | 1,302,000,000 | 1,304,000,000 | 1,344,000,000 | 1,876,000,000 | 1,882,000,000 | 1,475,000,000 | 1,418,000,000 | 1,067,000,000 | 1,179,000,000 | 1,286,000,000 | 1,159,000,000 | 1,071,000,000 | 859,000,000 | 976,000,000 | 846,000,000 | 780,000,000 | 898,000,000 | 627,000,000 | 637,000,000 | 597,000,000 | 590,000,000 | 774,000,000 | 464,000,000 | 420,000,000 | 437,000,000 | 572,000,000 | 489,000,000 | 875,000,000 | 759,000,000 | 562,000,000 | 512,000,000 | 613,000,000 | 605,000,000 | 554,000,000 | 525,000,000 |
total current assets | 13,663,000,000 | 10,968,000,000 | 11,230,000,000 | 10,982,000,000 | 11,236,000,000 | 9,844,000,000 | 11,062,000,000 | 11,588,000,000 | 11,579,000,000 | 10,269,000,000 | 12,255,000,000 | 13,080,000,000 | 13,401,000,000 | 13,011,000,000 | 14,799,000,000 | 17,313,000,000 | 15,720,000,000 | 15,940,000,000 | 17,471,000,000 | 19,666,000,000 | 17,853,000,000 | 17,404,000,000 | 25,030,000,000 | 18,915,000,000 | 10,275,000,000 | 8,249,000,000 | 6,944,000,000 | 7,134,000,000 | 7,196,000,000 | 6,340,000,000 | 6,726,000,000 | 7,641,000,000 | 7,724,000,000 | 7,844,000,000 | 7,083,000,000 | 7,177,000,000 | 6,880,000,000 | 7,451,000,000 | 7,329,000,000 | 7,638,000,000 | 9,306,000,000 | 9,056,000,000 | 11,973,000,000 | 11,441,000,000 | 12,266,000,000 | 12,465,000,000 | 10,995,000,000 | 10,517,000,000 | 9,746,000,000 | 9,651,000,000 | 8,951,000,000 | 8,895,000,000 | 8,641,000,000 | 8,272,000,000 | 8,163,000,000 | 8,457,000,000 | 8,299,000,000 | 7,729,000,000 | 7,329,000,000 | 8,063,000,000 | 7,993,000,000 | 7,307,000,000 | 7,321,000,000 | 7,868,000,000 | 8,361,000,000 | 7,741,000,000 | 8,862,000,000 | 8,299,000,000 | 8,057,000,000 | 8,904,000,000 | 5,488,000,000 | 7,167,000,000 | 5,329,000,000 | 5,240,000,000 | 6,249,000,000 | 6,131,000,000 | 6,134,000,000 | 5,385,000,000 | 5,881,000,000 | 5,902,000,000 | 5,107,000,000 | 4,283,000,000 | 3,786,000,000 | 3,841,000,000 | ||
noncurrent assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment | 40,582,000,000 | 39,743,000,000 | 39,372,000,000 | 38,926,000,000 | 38,171,000,000 | 37,595,000,000 | 36,862,000,000 | 36,339,000,000 | 35,915,000,000 | 35,486,000,000 | 34,593,000,000 | 34,092,000,000 | 33,249,000,000 | 33,109,000,000 | 31,512,000,000 | 30,519,000,000 | 30,042,000,000 | 28,749,000,000 | 27,816,000,000 | 27,508,000,000 | 26,862,000,000 | 26,529,000,000 | 26,602,000,000 | 28,473,000,000 | 31,644,000,000 | 31,310,000,000 | 30,796,000,000 | 30,165,000,000 | 29,139,000,000 | 28,335,000,000 | 28,565,000,000 | 28,124,000,000 | 27,096,000,000 | 26,563,000,000 | 25,900,000,000 | 25,367,000,000 | 24,817,000,000 | 24,375,000,000 | 24,105,000,000 | 23,975,000,000 | 23,422,000,000 | 23,039,000,000 | 22,608,000,000 | 22,480,000,000 | 22,023,000,000 | 21,929,000,000 | 21,722,000,000 | 22,048,000,000 | 21,972,000,000 | 21,854,000,000 | 21,297,000,000 | 21,049,000,000 | 20,793,000,000 | 20,713,000,000 | 20,599,000,000 | 20,609,000,000 | 20,332,000,000 | 20,223,000,000 | 20,307,000,000 | 20,184,000,000 | 20,396,000,000 | 20,481,000,000 | 20,433,000,000 | 20,658,000,000 | 20,916,000,000 | 20,896,000,000 | 20,627,000,000 | |||||||||||||||||||
operating lease right-of-use assets | 6,300,000,000 | 6,244,000,000 | 6,198,000,000 | 6,335,000,000 | 6,542,000,000 | 6,644,000,000 | 6,686,000,000 | 6,808,000,000 | 6,785,000,000 | 7,004,000,000 | 6,962,000,000 | 6,834,000,000 | 7,067,000,000 | 7,036,000,000 | 6,961,000,000 | 7,189,000,000 | 7,402,000,000 | 7,237,000,000 | 5,827,000,000 | 5,653,000,000 | 5,577,000,000 | 5,733,000,000 | 5,881,000,000 | 5,650,000,000 | 5,488,000,000 | 5,627,000,000 | 5,815,000,000 | 5,906,000,000 | 6,036,000,000 | 5,994,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
goodwill | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,753,000,000 | 9,781,000,000 | 9,781,000,000 | 9,781,000,000 | 9,781,000,000 | 9,781,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,794,000,000 | 9,787,000,000 | 9,778,000,000 | 9,737,000,000 | 9,729,000,000 | 9,731,000,000 | 5,168,000,000 | 5,169,000,000 | 6,010,000,000 | 12,104,000,000 | 12,373,000,000 | 227,000,000 | 227,000,000 | 227,000,000 | 227,000,000 | 227,000,000 | 227,000,000 | 227,000,000 | 227,000,000 | 227,000,000 | 227,000,000 | 227,000,000 |
identifiable intangibles, net of accumulated amortization of 930 and 928 | 5,964,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity investments | 3,696,000,000 | 4,222,000,000 | 3,883,000,000 | 3,556,000,000 | 2,819,000,000 | 2,846,000,000 | 3,272,000,000 | 3,022,000,000 | 3,247,000,000 | 3,457,000,000 | 2,291,000,000 | 2,389,000,000 | 2,249,000,000 | 2,128,000,000 | 1,585,000,000 | 1,771,000,000 | 1,999,000,000 | 1,712,000,000 | 1,919,000,000 | 2,143,000,000 | 1,929,000,000 | 1,665,000,000 | 1,562,000,000 | 1,633,000,000 | 3,684,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncurrent assets | 4,473,000,000 | 4,421,000,000 | 3,219,000,000 | 2,873,000,000 | 2,849,000,000 | 2,715,000,000 | 1,756,000,000 | 1,708,000,000 | 1,709,000,000 | 1,692,000,000 | 1,408,000,000 | 1,361,000,000 | 993,000,000 | 934,000,000 | 1,057,000,000 | 1,044,000,000 | 1,299,000,000 | 1,300,000,000 | 1,467,000,000 | 1,493,000,000 | 1,571,000,000 | 1,357,000,000 | 1,249,000,000 | 1,481,000,000 | 1,420,000,000 | 3,766,000,000 | 4,309,000,000 | 3,815,000,000 | 3,844,000,000 | 3,608,000,000 | 3,437,000,000 | 3,268,000,000 | 3,446,000,000 | 3,309,000,000 | 2,878,000,000 | 2,545,000,000 | 2,363,000,000 | 1,733,000,000 | 1,722,000,000 | 1,578,000,000 | 1,475,000,000 | 1,428,000,000 | 1,848,000,000 | 1,098,000,000 | 1,019,000,000 | 1,010,000,000 | 1,119,000,000 | 1,105,000,000 | 1,159,000,000 | 1,303,000,000 | 1,280,000,000 | 1,342,000,000 | 1,131,000,000 | 1,092,000,000 | 1,099,000,000 | 1,144,000,000 | 1,031,000,000 | 1,002,000,000 | 960,000,000 | 992,000,000 | 1,030,000,000 | 1,031,000,000 | 1,088,000,000 | 965,000,000 | 898,000,000 | 749,000,000 | 691,000,000 | 640,000,000 | 795,000,000 | 808,000,000 | 591,000,000 | 624,000,000 | 720,000,000 | 572,000,000 | 725,000,000 | 740,000,000 | 834,000,000 | 948,000,000 | 1,132,000,000 | 923,000,000 | 1,127,000,000 | 932,000,000 | 1,048,000,000 | 1,020,000,000 | 1,066,000,000 | 1,206,000,000 |
total noncurrent assets | 70,768,000,000 | 70,349,000,000 | 68,393,000,000 | 67,413,000,000 | 66,106,000,000 | 65,528,000,000 | 64,306,000,000 | 63,609,000,000 | 63,390,000,000 | 63,375,000,000 | 60,992,000,000 | 60,417,000,000 | 59,733,000,000 | 59,277,000,000 | 57,797,000,000 | 57,492,000,000 | 58,028,000,000 | 56,519,000,000 | 55,312,000,000 | 55,643,000,000 | 55,230,000,000 | 54,592,000,000 | 54,046,000,000 | 53,346,000,000 | 58,463,000,000 | 56,283,000,000 | 56,275,000,000 | 55,384,000,000 | 54,645,000,000 | 53,926,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets | 84,431,000,000 | 81,317,000,000 | 79,623,000,000 | 78,395,000,000 | 77,342,000,000 | 75,372,000,000 | 75,368,000,000 | 75,197,000,000 | 74,969,000,000 | 73,644,000,000 | 73,247,000,000 | 73,497,000,000 | 73,134,000,000 | 72,288,000,000 | 72,596,000,000 | 74,805,000,000 | 73,748,000,000 | 72,459,000,000 | 72,783,000,000 | 75,309,000,000 | 73,083,000,000 | 71,996,000,000 | 79,076,000,000 | 72,261,000,000 | 68,738,000,000 | 64,532,000,000 | 63,219,000,000 | 62,518,000,000 | 61,841,000,000 | 60,266,000,000 | 55,003,000,000 | 55,796,000,000 | 54,078,000,000 | 53,292,000,000 | 51,928,000,000 | 51,815,000,000 | 51,459,000,000 | 51,261,000,000 | 50,948,000,000 | 51,634,000,000 | 53,342,000,000 | 53,134,000,000 | 53,646,000,000 | 52,781,000,000 | 53,752,000,000 | 54,121,000,000 | 51,940,000,000 | 52,191,000,000 | 52,167,000,000 | 52,252,000,000 | 45,997,000,000 | 45,772,000,000 | 45,068,000,000 | 44,550,000,000 | 44,352,000,000 | 44,720,000,000 | 44,189,000,000 | 43,499,000,000 | 43,036,000,000 | 43,878,000,000 | 43,881,000,000 | 43,188,000,000 | 43,153,000,000 | 43,809,000,000 | 44,339,000,000 | 43,539,000,000 | 44,853,000,000 | 44,480,000,000 | 44,395,000,000 | 45,014,000,000 | 25,598,000,000 | 27,651,000,000 | 26,755,000,000 | 32,423,000,000 | 33,734,000,000 | 19,771,000,000 | 19,811,000,000 | 19,622,000,000 | 20,681,000,000 | 20,737,000,000 | 20,558,000,000 | 20,039,000,000 | 20,215,000,000 | 21,561,000,000 | 21,737,000,000 | 21,801,000,000 |
liabilities and stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current maturities of debt and finance leases | 3,088,000,000 | 1,605,000,000 | 2,106,000,000 | 2,220,000,000 | 2,938,000,000 | 2,175,000,000 | 3,324,000,000 | 2,950,000,000 | 2,809,000,000 | 2,983,000,000 | 1,981,000,000 | 2,065,000,000 | 2,136,000,000 | 2,359,000,000 | 2,031,000,000 | 1,936,000,000 | 1,116,000,000 | 1,782,000,000 | 2,296,000,000 | 2,372,000,000 | 2,983,000,000 | 1,732,000,000 | 5,045,000,000 | 5,230,000,000 | 4,337,000,000 | 2,287,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current maturities of operating leases | 837,000,000 | 809,000,000 | 743,000,000 | 745,000,000 | 752,000,000 | 763,000,000 | 772,000,000 | 775,000,000 | 742,000,000 | 759,000,000 | 728,000,000 | 699,000,000 | 724,000,000 | 714,000,000 | 738,000,000 | 726,000,000 | 744,000,000 | 703,000,000 | 636,000,000 | 638,000,000 | 653,000,000 | 678,000,000 | 714,000,000 | 732,000,000 | 768,000,000 | 801,000,000 | 844,000,000 | 841,000,000 | 941,000,000 | 955,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
air traffic liability | 10,742,000,000 | 7,157,000,000 | 8,165,000,000 | 8,893,000,000 | 10,023,000,000 | 7,094,000,000 | 8,302,000,000 | 9,437,000,000 | 10,193,000,000 | 7,044,000,000 | 8,738,000,000 | 10,422,000,000 | 11,187,000,000 | 8,160,000,000 | 8,947,000,000 | 9,664,000,000 | 8,809,000,000 | 6,228,000,000 | 6,246,000,000 | 6,798,000,000 | 5,105,000,000 | 4,044,000,000 | 4,379,000,000 | 4,686,000,000 | 5,598,000,000 | 5,116,000,000 | 5,762,000,000 | 6,616,000,000 | 6,600,000,000 | 4,661,000,000 | 5,535,000,000 | 6,360,000,000 | 6,233,000,000 | 4,888,000,000 | 5,528,000,000 | 6,365,000,000 | 6,410,000,000 | 4,626,000,000 | 5,142,000,000 | 5,955,000,000 | 5,988,000,000 | 4,503,000,000 | 5,231,000,000 | 6,039,000,000 | 5,866,000,000 | 4,296,000,000 | 4,992,000,000 | 5,803,000,000 | 5,643,000,000 | 4,122,000,000 | 4,583,000,000 | 5,310,000,000 | 4,920,000,000 | 3,696,000,000 | 4,264,000,000 | 5,006,000,000 | 4,729,000,000 | 3,480,000,000 | 4,072,000,000 | 5,001,000,000 | 4,541,000,000 | 3,306,000,000 | 3,767,000,000 | 4,557,000,000 | 3,992,000,000 | 3,074,000,000 | 3,363,000,000 | 3,852,000,000 | 3,625,000,000 | 3,315,000,000 | 2,460,000,000 | 3,064,000,000 | 2,734,000,000 | 1,982,000,000 | 2,684,000,000 | 2,567,000,000 | 2,437,000,000 | 1,797,000,000 | 2,053,000,000 | 2,470,000,000 | 2,347,000,000 | 1,712,000,000 | 1,950,000,000 | 2,221,000,000 | 2,149,000,000 | 1,567,000,000 |
accounts payable | 5,969,000,000 | 5,226,000,000 | 5,022,000,000 | 5,063,000,000 | 4,809,000,000 | 4,650,000,000 | 4,545,000,000 | 4,876,000,000 | 4,541,000,000 | 4,446,000,000 | 5,320,000,000 | 5,114,000,000 | 4,754,000,000 | 5,106,000,000 | 4,958,000,000 | 5,353,000,000 | 4,810,000,000 | 4,240,000,000 | 4,017,000,000 | 3,930,000,000 | 3,432,000,000 | 2,840,000,000 | 2,403,000,000 | 2,332,000,000 | 3,337,000,000 | 3,266,000,000 | 3,470,000,000 | 3,359,000,000 | 3,214,000,000 | 2,976,000,000 | 3,265,000,000 | 3,749,000,000 | 3,351,000,000 | 3,674,000,000 | 3,059,000,000 | 2,726,000,000 | 2,353,000,000 | 2,572,000,000 | 2,567,000,000 | 2,956,000,000 | 2,732,000,000 | 2,743,000,000 | 2,688,000,000 | 2,803,000,000 | 2,492,000,000 | 2,622,000,000 | 2,577,000,000 | 2,536,000,000 | 2,341,000,000 | 2,300,000,000 | 2,592,000,000 | 2,571,000,000 | 2,405,000,000 | 2,293,000,000 | 2,325,000,000 | 2,175,000,000 | 1,998,000,000 | 1,600,000,000 | 1,641,000,000 | 1,900,000,000 | 1,907,000,000 | 1,713,000,000 | 1,661,000,000 | 1,630,000,000 | 1,505,000,000 | 1,249,000,000 | 1,483,000,000 | 1,580,000,000 | 1,648,000,000 | 1,604,000,000 | 347,000,000 | 347,000,000 | 322,000,000 | 1,045,000,000 | 1,288,000,000 | 884,000,000 | 936,000,000 | |||||||||
accrued salaries and related benefits | 3,634,000,000 | 4,906,000,000 | 4,434,000,000 | 3,822,000,000 | 3,333,000,000 | 4,762,000,000 | 4,105,000,000 | 3,655,000,000 | 3,037,000,000 | 4,561,000,000 | 4,003,000,000 | 3,340,000,000 | 2,828,000,000 | 3,288,000,000 | 2,796,000,000 | 2,565,000,000 | 2,288,000,000 | 2,457,000,000 | 2,198,000,000 | 2,215,000,000 | 2,182,000,000 | 2,086,000,000 | 1,904,000,000 | 1,809,000,000 | 1,844,000,000 | 3,701,000,000 | 3,119,000,000 | 2,617,000,000 | 2,037,000,000 | 3,287,000,000 | 2,852,000,000 | 2,436,000,000 | 1,915,000,000 | 3,022,000,000 | 2,683,000,000 | 2,259,000,000 | 1,835,000,000 | 2,924,000,000 | 2,628,000,000 | 2,237,000,000 | 1,903,000,000 | 3,195,000,000 | 2,790,000,000 | 2,112,000,000 | 1,622,000,000 | 2,266,000,000 | 2,299,000,000 | 1,802,000,000 | 1,455,000,000 | 1,926,000,000 | 1,769,000,000 | 1,414,000,000 | 1,223,000,000 | 1,680,000,000 | 1,491,000,000 | 1,229,000,000 | 1,071,000,000 | 1,367,000,000 | 1,203,000,000 | 1,086,000,000 | 996,000,000 | 1,370,000,000 | 1,280,000,000 | 1,111,000,000 | 1,010,000,000 | 1,037,000,000 | 1,027,000,000 | 1,019,000,000 | 1,004,000,000 | 972,000,000 | 572,000,000 | 547,000,000 | 565,000,000 | 734,000,000 | 621,000,000 | 361,000,000 | 405,000,000 | 408,000,000 | 390,000,000 | 401,000,000 | 435,000,000 | 435,000,000 | 1,151,000,000 | 1,195,000,000 | 1,151,000,000 | |
loyalty program deferred revenue | 5,010,000,000 | 4,876,000,000 | 4,654,000,000 | 4,498,000,000 | 4,425,000,000 | 4,314,000,000 | 4,122,000,000 | 4,038,000,000 | 4,018,000,000 | 3,908,000,000 | 3,917,000,000 | 3,824,000,000 | 3,685,000,000 | 3,434,000,000 | 3,478,000,000 | 2,994,000,000 | 3,038,000,000 | 2,710,000,000 | 2,619,000,000 | 2,757,000,000 | 2,439,000,000 | 1,777,000,000 | 1,284,000,000 | 1,195,000,000 | 1,099,000,000 | 3,219,000,000 | 3,200,000,000 | 3,048,000,000 | 3,013,000,000 | 2,989,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel card obligation | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 1,100,000,000 | 839,000,000 | 1,100,000,000 | 736,000,000 | 439,000,000 | 1,067,000,000 | 1,066,000,000 | 1,075,000,000 | 1,066,000,000 | 1,062,000,000 | 1,062,000,000 | 1,067,000,000 | 603,000,000 | 603,000,000 | 604,000,000 | 602,000,000 | 545,000,000 | 604,000,000 | 604,000,000 | 455,000,000 | 391,000,000 | 476,000,000 | 489,000,000 | |||||||||||||||||||||||||||||||||||||||||
other accrued liabilities | 2,319,000,000 | 1,945,000,000 | 2,025,000,000 | 2,213,000,000 | 2,319,000,000 | 1,812,000,000 | 1,848,000,000 | 1,928,000,000 | 2,038,000,000 | 1,617,000,000 | 1,769,000,000 | 1,918,000,000 | 2,003,000,000 | 1,779,000,000 | 1,822,000,000 | 1,986,000,000 | 2,155,000,000 | 1,746,000,000 | 1,812,000,000 | 3,763,000,000 | 2,794,000,000 | 1,670,000,000 | 2,896,000,000 | 3,327,000,000 | 1,309,000,000 | 1,078,000,000 | 1,181,000,000 | 1,335,000,000 | 1,397,000,000 | 1,117,000,000 | 1,329,000,000 | 1,521,000,000 | 2,404,000,000 | 1,858,000,000 | 2,243,000,000 | 2,457,000,000 | 2,619,000,000 | 1,650,000,000 | 1,366,000,000 | 1,503,000,000 | 1,719,000,000 | 1,306,000,000 | 1,379,000,000 | 1,468,000,000 | 1,991,000,000 | 2,127,000,000 | 902,000,000 | 768,000,000 | 837,000,000 | 1,121,000,000 | 571,000,000 | 754,000,000 | 873,000,000 | 1,128,000,000 | 985,000,000 | 1,641,000,000 | 1,041,000,000 | 1,867,000,000 | 861,000,000 | 727,000,000 | 613,000,000 | 654,000,000 | 608,000,000 | 699,000,000 | 745,000,000 | 626,000,000 | 457,000,000 | 471,000,000 | 539,000,000 | 535,000,000 | 1,122,000,000 | 887,000,000 | 817,000,000 | 115,000,000 | 159,000,000 | 246,000,000 | 265,000,000 | |||||||||
total current liabilities | 32,699,000,000 | 27,624,000,000 | 28,249,000,000 | 28,554,000,000 | 29,699,000,000 | 26,670,000,000 | 28,118,000,000 | 28,759,000,000 | 28,478,000,000 | 26,418,000,000 | 27,556,000,000 | 28,482,000,000 | 28,417,000,000 | 25,940,000,000 | 25,870,000,000 | 26,324,000,000 | 24,060,000,000 | 20,966,000,000 | 20,924,000,000 | 23,573,000,000 | 20,688,000,000 | 15,927,000,000 | 19,725,000,000 | 20,150,000,000 | 19,392,000,000 | 20,204,000,000 | 20,211,000,000 | 21,164,000,000 | 21,323,000,000 | 18,578,000,000 | 18,158,000,000 | 19,269,000,000 | 20,012,000,000 | 18,573,000,000 | 16,496,000,000 | 16,631,000,000 | 15,953,000,000 | 15,239,000,000 | 15,147,000,000 | 16,250,000,000 | 18,108,000,000 | 17,526,000,000 | 17,608,000,000 | 17,082,000,000 | 17,319,000,000 | 16,879,000,000 | 14,813,000,000 | 15,209,000,000 | 15,010,000,000 | 14,152,000,000 | 14,134,000,000 | 14,775,000,000 | 14,068,000,000 | 13,270,000,000 | 13,224,000,000 | 14,693,000,000 | 13,646,000,000 | 12,701,000,000 | 12,012,000,000 | 12,802,000,000 | 12,260,000,000 | 11,385,000,000 | 11,820,000,000 | 11,892,000,000 | 11,224,000,000 | 9,797,000,000 | 9,594,000,000 | 11,149,000,000 | 11,527,000,000 | 11,022,000,000 | 6,788,000,000 | 8,132,000,000 | 6,671,000,000 | 6,605,000,000 | 7,731,000,000 | 8,239,000,000 | 7,999,000,000 | 5,769,000,000 | 6,113,000,000 | 6,470,000,000 | 6,314,000,000 | 4,960,000,000 | 6,921,000,000 | 6,809,000,000 | ||
noncurrent liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt and finance leases | 11,076,000,000 | 12,507,000,000 | 12,773,000,000 | 12,836,000,000 | 12,886,000,000 | 14,019,000,000 | 14,373,000,000 | 15,033,000,000 | 16,555,000,000 | 17,071,000,000 | 17,532,000,000 | 18,140,000,000 | 19,823,000,000 | 20,671,000,000 | 21,202,000,000 | 22,903,000,000 | 24,441,000,000 | 25,138,000,000 | 25,523,000,000 | 26,679,000,000 | 26,061,000,000 | 27,425,000,000 | 29,825,000,000 | 19,412,000,000 | 12,662,000,000 | 8,873,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent operating leases | 5,298,000,000 | 5,353,000,000 | 5,356,000,000 | 5,479,000,000 | 5,704,000,000 | 5,814,000,000 | 5,919,000,000 | 6,053,000,000 | 6,203,000,000 | 6,468,000,000 | 6,558,000,000 | 6,646,000,000 | 6,877,000,000 | 6,866,000,000 | 6,865,000,000 | 7,006,000,000 | 7,199,000,000 | 7,056,000,000 | 5,742,000,000 | 5,633,000,000 | 5,568,000,000 | 5,713,000,000 | 5,856,000,000 | 5,371,000,000 | 5,204,000,000 | 5,294,000,000 | 5,441,000,000 | 5,539,000,000 | 5,805,000,000 | 5,801,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension, postretirement and related benefits | 3,115,000,000 | 3,156,000,000 | 3,051,000,000 | 3,087,000,000 | 3,117,000,000 | 3,144,000,000 | 3,404,000,000 | 3,453,000,000 | 3,524,000,000 | 3,601,000,000 | 3,618,000,000 | 3,669,000,000 | 3,730,000,000 | 3,707,000,000 | 5,470,000,000 | 5,654,000,000 | 5,862,000,000 | 6,035,000,000 | 8,408,000,000 | 8,644,000,000 | 10,396,000,000 | 10,630,000,000 | 9,272,000,000 | 8,160,000,000 | 8,285,000,000 | 8,452,000,000 | 8,457,000,000 | 8,516,000,000 | 9,086,000,000 | 9,163,000,000 | 8,902,000,000 | 9,052,000,000 | 9,193,000,000 | 9,810,000,000 | 9,565,000,000 | 9,623,000,000 | 10,291,000,000 | 13,378,000,000 | 12,587,000,000 | 12,576,000,000 | 12,695,000,000 | 13,855,000,000 | 13,867,000,000 | 13,869,000,000 | 14,170,000,000 | 15,138,000,000 | 11,529,000,000 | 11,523,000,000 | 11,811,000,000 | 12,392,000,000 | 15,379,000,000 | 15,356,000,000 | 15,865,000,000 | 16,005,000,000 | 13,688,000,000 | 13,613,000,000 | 13,905,000,000 | 14,200,000,000 | 11,250,000,000 | 11,307,000,000 | 11,487,000,000 | 11,493,000,000 | 11,383,000,000 | 11,320,000,000 | 11,614,000,000 | 11,745,000,000 | 11,217,000,000 | 11,101,000,000 | 11,005,000,000 | 10,895,000,000 | 62,000,000 | |||||||||||||||
deferred income taxes | 3,496,000,000 | 3,444,000,000 | 2,961,000,000 | 2,626,000,000 | 2,229,000,000 | 2,176,000,000 | 1,675,000,000 | 1,410,000,000 | 994,000,000 | 908,000,000 | 432,000,000 | 325,000,000 | 935,000,000 | 1,219,000,000 | 1,534,000,000 | 1,294,000,000 | 1,813,000,000 | 2,158,000,000 | 2,306,000,000 | 1,988,000,000 | 1,305,000,000 | 447,000,000 | 1,502,000,000 | 1,456,000,000 | 1,245,000,000 | 242,000,000 | 432,000,000 | 804,000,000 | 1,175,000,000 | 935,000,000 | 1,422,000,000 | 2,077,000,000 | 2,750,000,000 | 3,064,000,000 | 3,150,000,000 | 3,797,000,000 | 4,489,000,000 | 4,956,000,000 | 2,710,000,000 | 2,892,000,000 | 3,091,000,000 | 3,275,000,000 | 2,187,000,000 | 2,029,000,000 | 1,764,000,000 | 1,736,000,000 | 405,000,000 | 451,000,000 | 463,000,000 | 463,000,000 | 465,000,000 | 488,000,000 | 408,000,000 | 461,000,000 | 396,000,000 | 342,000,000 | 281,000,000 | 355,000,000 | 167,000,000 | 236,000,000 | 164,000,000 | 107,000,000 | 291,000,000 | 316,000,000 | 332,000,000 | 401,000,000 | 99,000,000 | 196,000,000 | 154,000,000 | 142,000,000 | 731,000,000 | 441,000,000 | 463,000,000 | 402,000,000 | 99,000,000 | 35,000,000 | ||||||||||
other noncurrent liabilities | 3,923,000,000 | 3,994,000,000 | 3,943,000,000 | 3,800,000,000 | 3,707,000,000 | 3,744,000,000 | 3,603,000,000 | 3,507,000,000 | 3,541,000,000 | 3,561,000,000 | 4,301,000,000 | 4,017,000,000 | 3,614,000,000 | 3,974,000,000 | 4,067,000,000 | 4,094,000,000 | 4,289,000,000 | 4,398,000,000 | 4,613,000,000 | 4,715,000,000 | 4,792,000,000 | 4,862,000,000 | 4,997,000,000 | 3,930,000,000 | 1,666,000,000 | 1,386,000,000 | 1,378,000,000 | 2,025,000,000 | 1,395,000,000 | 1,132,000,000 | 2,517,000,000 | 2,365,000,000 | 2,320,000,000 | 2,111,000,000 | 2,001,000,000 | 1,885,000,000 | 1,822,000,000 | 1,878,000,000 | 1,956,000,000 | 2,015,000,000 | 2,091,000,000 | 1,891,000,000 | 2,465,000,000 | 2,322,000,000 | 2,457,000,000 | 2,128,000,000 | 1,946,000,000 | 1,735,000,000 | 1,712,000,000 | 1,711,000,000 | 1,709,000,000 | 1,680,000,000 | 1,694,000,000 | 1,649,000,000 | 1,711,000,000 | 1,606,000,000 | 1,489,000,000 | 1,419,000,000 | 1,424,000,000 | 1,383,000,000 | 1,386,000,000 | 1,533,000,000 | 1,522,000,000 | 1,353,000,000 | 1,319,000,000 | 1,222,000,000 | 1,261,000,000 | 1,223,000,000 | 1,272,000,000 | 1,342,000,000 | 537,000,000 | 675,000,000 | 793,000,000 | 465,000,000 | ||||||||||||
total noncurrent liabilities | 31,356,000,000 | 32,840,000,000 | 32,552,000,000 | 32,401,000,000 | 32,196,000,000 | 33,409,000,000 | 33,604,000,000 | 34,052,000,000 | 35,340,000,000 | 36,121,000,000 | 36,465,000,000 | 36,915,000,000 | 38,457,000,000 | 39,766,000,000 | 42,136,000,000 | 44,670,000,000 | 46,697,000,000 | 47,606,000,000 | 49,253,000,000 | 50,455,000,000 | 51,913,000,000 | 54,535,000,000 | 55,994,000,000 | 43,421,000,000 | 35,037,000,000 | 28,970,000,000 | 27,940,000,000 | 27,396,000,000 | 27,607,000,000 | 28,001,000,000 | 23,141,000,000 | 23,671,000,000 | 21,509,000,000 | 20,809,000,000 | 21,431,000,000 | 21,705,000,000 | 22,561,000,000 | 23,735,000,000 | 23,291,000,000 | 23,574,000,000 | 23,982,000,000 | 24,758,000,000 | 25,693,000,000 | 26,136,000,000 | 27,387,000,000 | 28,429,000,000 | 24,831,000,000 | 24,779,000,000 | 25,516,000,000 | 26,457,000,000 | 31,726,000,000 | 32,181,000,000 | 32,943,000,000 | 33,411,000,000 | 31,176,000,000 | 31,162,000,000 | 31,554,000,000 | 32,194,000,000 | 29,802,000,000 | 30,291,000,000 | 30,863,000,000 | 30,906,000,000 | 30,618,000,000 | 31,718,000,000 | 33,043,000,000 | 33,497,000,000 | 34,359,000,000 | 32,351,000,000 | 32,349,000,000 | 33,118,000,000 | 16,419,000,000 | 15,798,000,000 | 16,133,000,000 | 15,705,000,000 | 16,531,000,000 | 6,514,000,000 | 6,139,000,000 | 7,629,000,000 | 7,496,000,000 | 7,144,000,000 | 7,212,000,000 | 6,882,000,000 | 20,852,000,000 | 20,766,000,000 | ||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock at 0.0001 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 11,944,000,000 | 11,883,000,000 | 11,791,000,000 | 11,744,000,000 | 11,698,000,000 | 11,740,000,000 | 11,686,000,000 | 11,647,000,000 | 11,688,000,000 | 11,641,000,000 | 11,613,000,000 | 11,578,000,000 | 11,544,000,000 | 11,526,000,000 | 11,507,000,000 | 11,485,000,000 | 11,462,000,000 | 11,447,000,000 | 11,428,000,000 | 11,396,000,000 | 11,326,000,000 | 11,259,000,000 | 11,241,000,000 | 11,192,000,000 | 11,054,000,000 | 11,129,000,000 | 11,177,000,000 | 11,201,000,000 | 11,254,000,000 | 11,671,000,000 | 11,740,000,000 | 11,807,000,000 | 11,967,000,000 | 12,053,000,000 | 12,133,000,000 | 12,279,000,000 | 12,443,000,000 | 12,294,000,000 | 8,887,000,000 | 9,361,000,000 | 10,339,000,000 | 10,875,000,000 | 11,285,000,000 | 11,681,000,000 | 12,578,000,000 | 12,981,000,000 | 13,464,000,000 | 13,687,000,000 | 13,876,000,000 | 13,982,000,000 | 14,096,000,000 | 14,150,000,000 | 14,120,000,000 | 14,069,000,000 | 14,045,000,000 | 14,031,000,000 | 14,015,000,000 | 13,999,000,000 | 13,983,000,000 | 13,964,000,000 | 13,945,000,000 | 13,926,000,000 | 13,900,000,000 | 13,884,000,000 | 13,856,000,000 | 13,827,000,000 | 13,791,000,000 | 13,765,000,000 | 13,738,000,000 | 13,714,000,000 | 9,561,000,000 | 9,541,000,000 | 9,528,000,000 | 9,512,000,000 | 9,428,000,000 | 1,561,000,000 | 1,561,000,000 | 1,561,000,000 | 1,561,000,000 | 1,560,000,000 | 1,635,000,000 | 1,636,000,000 | 3,119,000,000 | 2,944,000,000 | 3,052,000,000 | |
retained earnings | 12,931,000,000 | 13,343,000,000 | 12,126,000,000 | 10,833,000,000 | 8,925,000,000 | 8,783,000,000 | 7,940,000,000 | 6,765,000,000 | 5,622,000,000 | 5,650,000,000 | 3,613,000,000 | 2,569,000,000 | 807,000,000 | 327,000,000 | 5,706,000,000 | 11,423,000,000 | 12,454,000,000 | 11,772,000,000 | 10,686,000,000 | 9,656,000,000 | 10,039,000,000 | 9,696,000,000 | 8,851,000,000 | 8,465,000,000 | 9,636,000,000 | 9,502,000,000 | 8,905,000,000 | 8,226,000,000 | 7,903,000,000 | 11,109,000,000 | 10,000,000,000 | 8,462,000,000 | 7,623,000,000 | 6,748,000,000 | 5,540,000,000 | 4,127,000,000 | 3,456,000,000 | 4,244,000,000 | 3,962,000,000 | 3,211,000,000 | 3,049,000,000 | 314,000,000 | 164,000,000 | |||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -4,106,000,000 | -4,135,000,000 | -4,858,000,000 | -4,899,000,000 | -4,938,000,000 | -4,979,000,000 | -5,691,000,000 | -5,740,000,000 | -5,793,000,000 | -5,845,000,000 | -5,660,000,000 | -5,709,000,000 | -5,754,000,000 | -5,801,000,000 | -6,946,000,000 | -7,008,000,000 | -7,071,000,000 | -7,130,000,000 | -8,800,000,000 | -8,882,000,000 | -8,960,000,000 | -9,038,000,000 | -7,939,000,000 | -7,937,000,000 | -7,898,000,000 | -7,989,000,000 | -7,645,000,000 | -7,694,000,000 | -7,766,000,000 | -7,825,000,000 | -7,535,000,000 | -7,606,000,000 | -7,681,000,000 | -7,621,000,000 | -7,476,000,000 | -7,549,000,000 | -7,571,000,000 | -7,636,000,000 | -7,212,000,000 | -7,279,000,000 | -7,279,000,000 | -7,275,000,000 | -7,316,000,000 | -7,288,000,000 | -7,294,000,000 | -7,311,000,000 | -5,100,000,000 | -5,137,000,000 | -5,139,000,000 | -5,130,000,000 | -8,324,000,000 | -8,331,000,000 | -8,426,000,000 | -8,577,000,000 | -6,464,000,000 | -6,490,000,000 | -6,518,000,000 | -6,766,000,000 | -3,724,000,000 | -3,593,000,000 | -3,403,000,000 | -3,578,000,000 | -3,716,000,000 | -3,853,000,000 | -3,502,000,000 | -3,563,000,000 | -2,907,000,000 | -2,963,000,000 | -3,663,000,000 | -441,000,000 | -518,000,000 | -2,777,000,000 | -2,720,000,000 | -2,721,000,000 | -2,722,000,000 | -2,529,000,000 | -2,148,000,000 | -2,126,000,000 | -2,358,000,000 | |||||||
treasury stock | -393,000,000 | -238,000,000 | -237,000,000 | -238,000,000 | -238,000,000 | -251,000,000 | -289,000,000 | -286,000,000 | -366,000,000 | -341,000,000 | -340,000,000 | -338,000,000 | -337,000,000 | -313,000,000 | -313,000,000 | -313,000,000 | -312,000,000 | -282,000,000 | -281,000,000 | -280,000,000 | -279,000,000 | -259,000,000 | -272,000,000 | -271,000,000 | -270,000,000 | -236,000,000 | -236,000,000 | -235,000,000 | -233,000,000 | -198,000,000 | -197,000,000 | -196,000,000 | -194,000,000 | -158,000,000 | -158,000,000 | -156,000,000 | -153,000,000 | -274,000,000 | -274,000,000 | -272,000,000 | -270,000,000 | -373,000,000 | -372,000,000 | -370,000,000 | -365,000,000 | -313,000,000 | -312,000,000 | -309,000,000 | -307,000,000 | -258,000,000 | -256,000,000 | -255,000,000 | -255,000,000 | -234,000,000 | -234,000,000 | -234,000,000 | -234,000,000 | -231,000,000 | -199,000,000 | -198,000,000 | -198,000,000 | -181,000,000 | -174,000,000 | -164,000,000 | -163,000,000 | -154,000,000 | -152,000,000 | -224,000,000 | -224,000,000 | -601,000,000 | -601,000,000 | -2,121,000,000 | -2,284,000,000 | |||||||||||||
total stockholders' equity | 20,376,000,000 | 20,853,000,000 | 18,822,000,000 | 17,440,000,000 | 15,447,000,000 | 15,293,000,000 | 13,646,000,000 | 12,386,000,000 | 11,151,000,000 | 11,105,000,000 | 9,226,000,000 | 8,100,000,000 | 6,260,000,000 | 6,582,000,000 | 4,590,000,000 | 3,811,000,000 | 2,991,000,000 | 3,887,000,000 | 2,606,000,000 | 1,281,000,000 | 482,000,000 | 1,534,000,000 | 3,357,000,000 | 8,690,000,000 | 14,309,000,000 | 15,358,000,000 | 15,068,000,000 | 13,958,000,000 | 12,911,000,000 | 13,687,000,000 | 13,704,000,000 | 12,856,000,000 | 12,557,000,000 | 13,910,000,000 | 14,001,000,000 | 13,479,000,000 | 12,945,000,000 | 12,287,000,000 | 12,510,000,000 | 11,810,000,000 | 11,252,000,000 | 10,850,000,000 | 10,345,000,000 | 9,563,000,000 | 9,046,000,000 | 8,813,000,000 | 12,296,000,000 | 12,203,000,000 | 11,641,000,000 | 11,643,000,000 | 137,000,000 | 1,222,000,000 | 785,000,000 | 758,000,000 | ||||||||||||||||||||||||||||||||
total liabilities and stockholders' equity | 84,431,000,000 | 81,317,000,000 | 79,623,000,000 | 78,395,000,000 | 77,342,000,000 | 75,372,000,000 | 75,368,000,000 | 75,197,000,000 | 74,969,000,000 | 73,644,000,000 | 73,247,000,000 | 73,497,000,000 | 73,134,000,000 | 72,288,000,000 | 72,596,000,000 | 74,805,000,000 | 73,748,000,000 | 72,459,000,000 | 72,783,000,000 | 75,309,000,000 | 73,083,000,000 | 71,996,000,000 | 79,076,000,000 | 72,261,000,000 | 68,738,000,000 | 64,532,000,000 | 63,219,000,000 | 62,518,000,000 | 61,841,000,000 | 60,266,000,000 | 55,003,000,000 | 55,796,000,000 | 54,078,000,000 | 53,292,000,000 | 51,928,000,000 | 51,815,000,000 | 51,459,000,000 | 51,261,000,000 | 50,948,000,000 | 51,634,000,000 | 53,342,000,000 | 53,134,000,000 | 53,646,000,000 | 52,781,000,000 | 53,752,000,000 | 54,121,000,000 | 51,940,000,000 | 52,191,000,000 | 52,167,000,000 | 52,252,000,000 | 45,997,000,000 | 43,036,000,000 | 43,878,000,000 | 43,881,000,000 | ||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these condensed consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable, net of an allowance | 2,850,000,000 | 3,224,000,000 | 3,130,000,000 | 3,176,000,000 | 2,404,000,000 | 2,183,000,000 | 2,258,000,000 | 1,837,000,000 | 1,396,000,000 | 1,503,000,000 | 1,375,000,000 | 2,280,000,000 | 2,854,000,000 | 2,836,000,000 | 2,844,000,000 | 3,154,000,000 | 2,314,000,000 | 2,517,000,000 | 2,427,000,000 | 2,568,000,000 | 2,377,000,000 | 2,399,000,000 | 2,164,000,000 | 2,307,000,000 | 2,064,000,000 | 1,996,000,000 | 2,102,000,000 | 2,179,000,000 | 2,020,000,000 | 1,974,000,000 | 1,966,000,000 | 2,057,000,000 | 2,297,000,000 | 2,135,000,000 | 2,104,000,000 | 2,042,000,000 | 1,609,000,000 | 1,969,000,000 | 2,084,000,000 | 1,994,000,000 | 1,693,000,000 | 1,785,000,000 | 1,828,000,000 | 1,807,000,000 | 1,563,000,000 | 1,456,000,000 | 1,512,000,000 | 1,645,000,000 | 1,533,000,000 | 1,353,000,000 | 1,469,000,000 | 1,410,000,000 | 1,419,000,000 | 1,443,000,000 | 1,325,000,000 | 1,066,000,000 | 915,000,000 | 1,030,000,000 | 1,012,000,000 | 1,007,000,000 | 923,000,000 | 892,000,000 | ||||||||||||||||||||||||
fuel, expendable parts and supplies inventories, net of an allowance for obsolescence of 124 and 120 | 1,601,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 928 and 919 | 5,966,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel, expendable parts and supplies inventories, net of allowance for obsolescence of 118 and 120 | 1,543,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 926 and 919 | 5,968,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel, expendable parts and supplies inventories, net of allowance for obsolescence of 112 and 120 | 1,525,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 924 and 919 | 5,970,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel, expendable parts and supplies inventories, net of allowance for obsolescence of 128 and 120 | 1,486,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 922 and 919 | 5,972,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | 8,000,000 | 124,000,000 | 589,000,000 | 1,127,000,000 | 2,170,000,000 | 3,368,000,000 | 3,396,000,000 | 3,268,000,000 | 1,345,000,000 | 1,549,000,000 | 2,250,000,000 | 3,386,000,000 | 4,417,000,000 | 4,873,000,000 | 5,575,000,000 | 5,789,000,000 | 5,048,000,000 | 4,302,000,000 | 203,000,000 | 478,000,000 | 520,000,000 | 523,000,000 | 825,000,000 | 960,000,000 | 747,000,000 | 743,000,000 | 487,000,000 | 1,514,000,000 | 1,289,000,000 | 1,206,000,000 | 1,465,000,000 | 1,442,000,000 | 1,494,000,000 | 1,447,000,000 | 1,217,000,000 | 1,852,000,000 | 719,000,000 | 959,000,000 | 959,000,000 | 959,000,000 | 958,000,000 | 958,000,000 | 958,000,000 | 959,000,000 | 959,000,000 | 959,000,000 | 958,000,000 | 958,000,000 | 967,000,000 | 958,000,000 | 718,000,000 | 439,000,000 | 71,000,000 | 92,000,000 | 91,000,000 | 67,000,000 | 212,000,000 | 921,000,000 | 103,000,000 | 103,000,000 | 138,000,000 | 1,549,000,000 | 790,000,000 | 614,000,000 | 525,000,000 | 464,000,000 | 330,000,000 | 169,000,000 | 336,000,000 | |||||||||||||||||
fuel, expendable parts and supplies inventories, net of an allowance for obsolescence of 120 and 123 | 1,428,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 919 and 911 | 5,975,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel, expendable parts and supplies inventories, net of allowance for obsolescence of 130 and 123 | 1,467,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 917 and 911 | 5,977,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel, expendable parts and supplies inventories, net of allowance for obsolescence of 129 and 123 | 1,486,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 915 and 911 | 5,979,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel, expendable parts and supplies inventories, net of allowance for obsolescence of 124 and 123 | 1,452,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 913 and 911 | 5,981,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel, expendable parts and supplies inventories, net of an allowance for obsolescence of 123 and 136 | 1,314,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 911 and 902 | 5,983,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel, expendable parts and supplies inventories, net of allowance for obsolescence of 128 and 136 | 1,507,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 909 and 902 | 5,985,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel, expendable parts and supplies inventories, net of allowance for obsolescence of 126 and 136 | 1,438,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 906 and 902 | 5,988,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel, expendable parts and supplies inventories, net of allowance for obsolescence of 134 and 136 | 1,379,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 904 and 902 | 5,990,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel, expendable parts and supplies inventories, net of an allowance for obsolescence of 136 and 176 | 1,424,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 902 and 893 | 5,992,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent air traffic liability | 100,000,000 | 150,000,000 | 250,000,000 | 300,000,000 | 130,000,000 | 130,000,000 | 140,000,000 | 250,000,000 | 500,000,000 | 239,000,000 | 315,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained earnings/ | 1,170,000,000 | 342,000,000 | 259,000,000 | -428,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel, expendable parts and supplies inventories, net of allowance for obsolescence of 150 and 176 | 1,473,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 900 and 893 | 5,994,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel, expendable parts and supplies inventories, net of allowance for obsolescence of 152 and 176 | 1,734,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 897 and 893 | 5,997,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -353,000,000 | -1,088,000,000 | -148,000,000 | -953,000,000 | -1,605,000,000 | -5,379,000,000 | -6,748,000,000 | -7,382,000,000 | -7,389,000,000 | -7,395,000,000 | -8,442,000,000 | -8,274,000,000 | -8,398,000,000 | -8,823,000,000 | -9,372,000,000 | -9,570,000,000 | -9,252,000,000 | -9,271,000,000 | -9,634,000,000 | -10,101,000,000 | -9,845,000,000 | -9,820,000,000 | -9,659,000,000 | -9,402,000,000 | -14,574,000,000 | -14,414,000,000 | -12,433,000,000 | -12,485,000,000 | -10,280,000,000 | -8,209,000,000 | -6,971,000,000 | -5,837,000,000 | -5,449,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel, expendable parts and supplies inventories, net of allowance for obsolescence of 157 and 176 | 1,292,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 895 and 893 | 5,999,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel inventory | 694,000,000 | 641,000,000 | 641,000,000 | 457,000,000 | 377,000,000 | 353,000,000 | 353,000,000 | 439,000,000 | 730,000,000 | 568,000,000 | 590,000,000 | 601,000,000 | 592,000,000 | 715,000,000 | 1,149,000,000 | 723,000,000 | 916,000,000 | 720,000,000 | 537,000,000 | 487,000,000 | 519,000,000 | 424,000,000 | 455,000,000 | 367,000,000 | 379,000,000 | 381,000,000 | 553,000,000 | 475,000,000 | 534,000,000 | 602,000,000 | 604,000,000 | 600,000,000 | 706,000,000 | 679,000,000 | 586,000,000 | 624,000,000 | 619,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 176 and 188 | 404,000,000 | 371,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 893 and 883 | 6,001,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash restricted for airport construction | 473,000,000 | 713,000,000 | 929,000,000 | 1,223,000,000 | 1,556,000,000 | 1,680,000,000 | 339,000,000 | 455,000,000 | 636,000,000 | 753,000,000 | 893,000,000 | 1,018,000,000 | 1,136,000,000 | 1,214,000,000 | 1,326,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 174 and 188 | 371,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 890 and 883 | 6,004,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 178 and 188 | 364,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 888 and 883 | 6,006,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 885 and 883 | 6,009,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 188 and 82 as of 2020 and 2019, respectively | 355,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 883 and 873 as of 2020 and 2019, respectively | 6,011,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 208 and 82 at september 30, 2020 and december 31, 2019, respectively | 393,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 880 and 873 at september 30, 2020and december 31, 2019, respectively | 6,014,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 135 and 82 at june 30, 2020 and december 31, 2019, respectively | 494,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 878 and 873 at june 30, 2020and december 31, 2019, respectively | 6,017,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 90 and 82 at march 31, 2020 and december 31, 2019, respectively | 535,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 875 and 873 at march 31, 2020and december 31, 2019, respectively | 6,019,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 82 and 102 at december 31, 2019 and 2018, respectively | 521,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 873 and 862 at december 31, 2019 and 2018, respectively | 5,163,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 94 and 102 at september 30, 2019 and december 31, 2018, respectively | 504,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 871 and 862 at september 30, 2019and december 31, 2018, respectively | 4,821,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current maturities of long-term debt and finance leases | 2,196,000,000 | 2,281,000,000 | 3,055,000,000 | 1,518,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt and finance leases | 7,923,000,000 | 7,710,000,000 | 7,710,000,000 | 8,253,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 96 and 102 at june 30, 2019 and december 31, 2018, respectively | 493,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 868 and 862 at june 30, 2019and december 31, 2018, respectively | 4,824,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 97 and 102 at march 31, 2019 and december 31, 2018, respectively | 470,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 865 and 862 at march 31, 2019and december 31, 2018, respectively | 4,827,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 102 and 113 at december 31, 2018 and 2017, respectively | 463,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 862 and 845 at december 31, 2018 and 2017, respectively | 4,830,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 125 and 113 at september 30, 2018 and december 31, 2017, respectively | 455,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment, net: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 857 and 845 at september 30, 2018and december 31, 2017, respectively | 4,835,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other assets | 19,712,000,000 | 20,031,000,000 | 19,258,000,000 | 18,885,000,000 | 18,945,000,000 | 19,271,000,000 | 19,762,000,000 | 19,435,000,000 | 19,514,000,000 | 20,021,000,000 | 20,614,000,000 | 21,039,000,000 | 19,065,000,000 | 18,860,000,000 | 19,463,000,000 | 19,727,000,000 | 19,223,000,000 | 19,626,000,000 | 20,449,000,000 | 20,747,000,000 | 15,749,000,000 | 15,828,000,000 | 15,634,000,000 | 15,565,000,000 | 15,590,000,000 | 15,654,000,000 | 15,558,000,000 | 15,547,000,000 | 15,451,000,000 | 15,500,000,000 | 15,555,000,000 | 15,574,000,000 | 15,648,000,000 | 15,545,000,000 | 15,497,000,000 | 15,365,000,000 | 15,333,000,000 | 15,265,000,000 | 15,442,000,000 | 15,483,000,000 | 8,050,000,000 | 8,485,000,000 | 9,481,000,000 | 15,482,000,000 | 16,016,000,000 | 1,055,000,000 | 1,149,000,000 | 1,264,000,000 | 1,429,000,000 | 1,220,000,000 | 1,425,000,000 | 1,403,000,000 | 1,399,000,000 | 1,460,000,000 | ||||||||||||||||||||||||||||||||
current maturities of long-term debt and capital leases | 1,176,000,000 | 1,342,000,000 | 2,289,000,000 | 2,242,000,000 | 1,224,000,000 | 1,098,000,000 | 1,040,000,000 | 1,131,000,000 | 1,092,000,000 | 1,115,000,000 | 1,531,000,000 | 1,563,000,000 | 1,705,000,000 | 1,659,000,000 | 1,261,000,000 | 1,216,000,000 | 1,169,000,000 | 1,233,000,000 | 1,578,000,000 | 1,547,000,000 | 1,823,000,000 | 1,695,000,000 | 1,593,000,000 | 1,627,000,000 | 1,546,000,000 | 1,779,000,000 | 1,855,000,000 | 1,944,000,000 | 1,937,000,000 | 1,635,000,000 | 1,723,000,000 | 2,073,000,000 | 2,302,000,000 | 1,555,000,000 | 1,665,000,000 | 1,533,000,000 | 1,029,000,000 | 1,824,000,000 | 1,853,000,000 | 1,160,000,000 | 865,000,000 | 796,000,000 | 732,000,000 | 1,014,000,000 | 1,386,000,000 | 1,292,000,000 | 3,219,000,000 | 1,503,000,000 | 1,359,000,000 | 1,399,000,000 | 1,302,000,000 | 1,186,000,000 | 935,000,000 | 1,125,000,000 | 1,030,000,000 | 893,000,000 | ||||||||||||||||||||||||||||||
frequent flyer deferred revenue | 2,935,000,000 | 2,799,000,000 | 2,758,000,000 | 1,822,000,000 | 1,759,000,000 | 1,726,000,000 | 1,696,000,000 | 1,648,000,000 | 1,628,000,000 | 1,589,000,000 | 1,605,000,000 | 1,635,000,000 | 1,621,000,000 | 1,561,000,000 | 1,575,000,000 | 1,580,000,000 | 1,584,000,000 | 1,674,000,000 | 1,742,000,000 | 1,861,000,000 | 1,554,000,000 | 1,638,000,000 | 1,715,000,000 | 1,806,000,000 | 1,584,000,000 | 1,665,000,000 | 1,759,000,000 | 1,849,000,000 | 1,701,000,000 | 1,687,000,000 | 1,721,000,000 | 1,690,000,000 | 1,610,000,000 | 1,619,000,000 | 1,602,000,000 | 1,614,000,000 | 1,535,000,000 | 1,580,000,000 | 1,605,000,000 | 1,624,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
long-term debt and capital leases | 8,115,000,000 | 8,562,000,000 | 6,360,000,000 | 6,592,000,000 | 7,584,000,000 | 7,916,000,000 | 8,187,000,000 | 6,201,000,000 | 6,473,000,000 | 6,689,000,000 | 6,920,000,000 | 6,766,000,000 | 7,096,000,000 | 7,598,000,000 | 8,305,000,000 | 8,561,000,000 | 8,970,000,000 | 9,089,000,000 | 9,466,000,000 | 9,795,000,000 | 10,077,000,000 | 10,526,000,000 | 10,721,000,000 | 11,082,000,000 | 11,111,000,000 | 11,221,000,000 | 11,521,000,000 | 11,847,000,000 | 12,557,000,000 | 13,026,000,000 | 13,446,000,000 | 13,179,000,000 | 13,063,000,000 | 14,228,000,000 | 15,251,000,000 | 15,665,000,000 | 16,655,000,000 | 14,774,000,000 | 14,743,000,000 | 15,411,000,000 | 9,274,000,000 | 8,338,000,000 | 8,387,000,000 | 7,986,000,000 | 6,913,000,000 | 5,132,000,000 | 4,792,000,000 | 6,509,000,000 | 6,422,000,000 | 6,508,000,000 | 6,654,000,000 | 6,557,000,000 | 6,657,000,000 | 12,459,000,000 | 12,545,000,000 | 12,507,000,000 | ||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 122 and 113 at june 30, 2018 and december 31, 2017, respectively | 440,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 853 and 845 at june 30, 2018and december 31, 2017, respectively | 4,839,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 119 and 113 at march 31, 2018 and december 31, 2017, respectively | 423,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 849 and 845 at march 31, 2018and december 31, 2017, respectively | 4,843,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 113 and 110 at december 31, 2017 and 2016, respectively | 413,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 845 and 828 at december 31, 2017 and 2016, respectively | 4,847,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 124 and 110 at september 30, 2017 and december 31, 2016, respectively | 416,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 841 and 828 at september 30, 2017and december 31, 2016, respectively | 4,851,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 119 and 110 at june 30, 2017 and december 31, 2016, respectively | 401,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 837 and 828 at june 30, 2017and december 31, 2016, respectively | 4,855,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 114 and 110 at march 31, 2017 and december 31, 2016, respectively | 368,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 833 and 828 at march 31, 2017and december 31, 2016, respectively | 4,855,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 110 and 114 at december 31, 2016 and 2015, respectively | 372,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hedge derivative asset | 393,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 828 and 811 at december 31, 2016 and 2015, respectively | 4,844,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hedge derivative liability | 688,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 108 and 114 at september 30, 2016 and december 31, 2015, respectively | 351,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hedge derivatives asset | 496,000,000 | 773,000,000 | 2,179,000,000 | 1,987,000,000 | 1,586,000,000 | 966,000,000 | 1,575,000,000 | 1,078,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 824 and 811 at september 30, 2016and december 31, 2015, respectively | 4,848,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hedge derivatives liability | 724,000,000 | 895,000,000 | 2,630,000,000 | 2,581,000,000 | 2,194,000,000 | 1,440,000,000 | 2,512,000,000 | 2,772,000,000 | 139,000,000 | 160,000,000 | 150,000,000 | 662,000,000 | 1,247,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 103 and 114 at june 30, 2016and december 31, 2015, respectively | 340,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 820 and 811 at june 30, 2016and december 31, 2015, respectively | 4,852,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hedge margin receivable | 454,000,000 | 119,000,000 | 381,000,000 | 134,000,000 | 383,000,000 | 925,000,000 | 7,000,000 | 404,000,000 | 1,139,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 114 at march 31, 2016and december 31, 2015 | 326,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 815 and 811 at march 31, 2016and december 31, 2015, respectively | 4,856,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 114 and 127 at december 31, 2015 and 2014, respectively | 318,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 811 and 793 at december 31, 2015 and 2014, respectively | 4,861,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 124 and 127at september 30, 2015 and december 31, 2014, respectively | 314,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 806 and 793at september 30, 2015 and december 31, 2014, respectively | 4,589,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 120 and 127at june 30, 2015 and december 31, 2014, respectively | 328,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 802 and 793at june 30, 2015 and december 31, 2014, respectively | 4,594,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 119 and 127at march 31, 2015 and december 31, 2014, respectively | 326,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 797 and 793at march 31, 2015 and december 31, 2014, respectively | 4,599,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 127 and 118at december 31, 2014 and 2013, respectively | 318,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 793 and 738 at december 31, 2014 and 2013, respectively | 4,603,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash, cash equivalents and short-term investments | 149,000,000 | 121,000,000 | 125,000,000 | 122,000,000 | 213,000,000 | 173,000,000 | 291,000,000 | 375,000,000 | 401,000,000 | 368,000,000 | 375,000,000 | 305,000,000 | 405,000,000 | 432,000,000 | 390,000,000 | 409,000,000 | 418,000,000 | 409,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 113 and 118at september 30, 2014 and december 31, 2013, respectively | 340,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 782 and 738at september 30, 2014 and december 31, 2013, respectively | 4,614,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
taxes payable | 687,000,000 | 790,000,000 | 810,000,000 | 673,000,000 | 697,000,000 | 789,000,000 | 735,000,000 | 585,000,000 | 638,000,000 | 722,000,000 | 704,000,000 | 594,000,000 | 597,000,000 | 766,000,000 | 759,000,000 | 579,000,000 | 592,000,000 | 721,000,000 | 705,000,000 | 525,000,000 | 540,000,000 | 673,000,000 | 591,000,000 | 565,000,000 | 345,000,000 | 422,000,000 | 422,000,000 | 320,000,000 | 438,000,000 | 423,000,000 | 473,000,000 | 500,000,000 | 537,000,000 | 641,000,000 | 626,000,000 | 525,000,000 | 540,000,000 | 591,000,000 | 594,000,000 | 499,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 124 and 118at june 30, 2014 and december 31, 2013, respectively | 357,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 771 and 738at june 30, 2014 and december 31, 2013, respectively | 4,625,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 122 and 118at march 31, 2014 and december 31, 2013, respectively | 348,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 753 and 738at march 31, 2014 and december 31, 2013, respectively | 4,642,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 118 and 127at december 31, 2013 and 2012, respectively | 357,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 738 and 670 at december 31, 2013 and 2012, respectively | 4,658,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 126 and 127at september 30, 2013 and december 31, 2012, respectively | 353,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 719 and 670at september 30, 2013 and december 31, 2012, respectively | 4,675,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 125 and 127at june 30, 2013 and december 31, 2012, respectively | 376,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 702 and 670at june 30, 2013 and december 31, 2012, respectively | 4,692,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders' deficit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' deficit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' deficit | -1,184,000,000 | -1,943,000,000 | -2,131,000,000 | -48,000,000 | -1,135,000,000 | -1,011,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' deficit | 45,772,000,000 | 45,068,000,000 | 44,550,000,000 | 44,352,000,000 | 44,720,000,000 | 44,189,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 133 and 127at march 31, 2013 and december 31, 2012, respectively | 371,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 685 and 670at march 31, 2013 and december 31, 2012, respectively | 4,709,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating revenue: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
passenger: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mainline | 5,876,000,000 | 23,864,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
regional carriers | 1,457,000,000 | 6,393,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total passenger revenue | 7,333,000,000 | 30,257,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cargo | 238,000,000 | 1,027,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 929,000,000 | 3,831,000,000 | 600,000,000 | 1,026,000,000 | 623,000,000 | 368,000,000 | 748,000,000 | 342,000,000 | 251,000,000 | 299,000,000 | 225,000,000 | 296,000,000 | 299,000,000 | 340,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating revenue | 8,500,000,000 | 35,115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expense: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft fuel and related taxes | 2,289,000,000 | 9,730,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
salaries and related costs | 1,911,000,000 | 6,894,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contract carrier arrangements | 1,399,000,000 | 5,470,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft maintenance materials and outside repairs | 491,000,000 | 1,765,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 405,000,000 | 1,523,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contracted services | 401,000,000 | 1,642,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
passenger commissions and other selling expenses | 357,000,000 | 1,682,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
landing fees and other rents | 323,000,000 | 1,281,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
passenger service | 164,000,000 | 721,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft rent | 60,000,000 | 298,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
profit sharing | 20,000,000 | 264,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring and other items | 102,000,000 | 242,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expense | 8,278,000,000 | 33,140,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | 222,000,000 | 1,975,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -178,000,000 | -901,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount | -42,000,000 | -193,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
miscellaneous | 1,000,000 | -44,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | -219,000,000 | -1,206,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 3,000,000 | 769,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | 4,000,000 | 85,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 7,000,000 | 854,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per share | 10,000 | 1,020,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per share | 10,000 | 1,010,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
comprehensive income | 158,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 127 and 101at december 31, 2012 and 2011, respectively | 404,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 670 and 600 at december 31, 2012 and 2011, respectively | 4,679,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 122 and 101at september 30, 2012 and december 31, 2011, respectively | 403,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 651 and 600at september 30, 2012 and december 31, 2011, respectively | 4,697,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 112 and 101at june 30, 2012 and december 31, 2011, respectively | 393,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 634 and 600at june 30, 2012 and december 31, 2011, respectively | 4,716,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 106 and 101at march 31, 2012 and december 31, 2011, respectively | 364,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 617 and 600at march 31, 2012 and december 31, 2011, respectively | 4,733,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 101 and 104at december 31, 2011 and 2010, respectively | 367,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 600 and 530 at december 31, 2011 and 2010, respectively | 4,751,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders' (deficit) equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' (deficit) equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders' (deficit) equity | -1,396,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders' (deficit) equity | 43,499,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | -68,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
at september 30, 2011 and december 31, 2010, respectively | 1,816,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 96 and 104 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 582 and 530 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at september 30, 2011 and december 31, 2010, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
december 31, 2010, respectively | -214,000,000 | -214,000,000 | -214,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
at june 30, 2011 and december 31, 2010, respectively | 1,885,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 104 and 104 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 565 and 530 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at june 30, 2011 and december 31, 2010, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
march 31, 2011 and december 31, 2010, respectively | 1,848,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 110 and 104 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
at march 31, 2011 and december 31, 2010, respectively | 349,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 547 and 530 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at march 31, 2011 and december 31, 2010, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 104 and 75 at december 31, 2010 and 2009, respectively | 318,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 530 and 451 at december 31, 2010 and 2009, respectively | 4,749,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 897,000,000 | 715,000,000 | 199,000,000 | 72,000,000 | 245,000,000 | 900,000,000 | 980,000,000 | 519,000,000 | 874,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 43,188,000,000 | 43,153,000,000 | 43,809,000,000 | 44,339,000,000 | 43,539,000,000 | 44,853,000,000 | 44,480,000,000 | 44,395,000,000 | 45,014,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 106 and 75 at september 30, 2010 and december 31, 2009, respectively | 278,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 512 and 451 at september 30, 2010 and december 31, 2009, respectively | 4,766,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 77 and 75 at june 30, 2010 and december 31, 2009, respectively | 285,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 494 and 451 at june 30, 2010 and december 31, 2009, respectively | 4,786,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash and cash equivalents | 456,000,000 | 423,000,000 | 478,000,000 | 361,000,000 | 387,000,000 | 429,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 85 and 75 at march 31, 2010 and december 31, 2009, respectively | 319,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 475 and 451 at march 31, 2010 and december 31, 2009, respectively | 4,805,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 75 and 32 at december 31, 2009 and 2008, respectively | 327,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 451 and 354 at december 31, 2009 and 2008, respectively | 4,829,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 52 and 32 at september 30, 2009 and december 31, 2008, respectively | 356,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 427 and 354 at september 30, 2009 and december 31, 2008, respectively | 4,864,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 47 and 32 at june 30, 2009 and december 31, 2008, respectively | 372,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 402 and 354 at june 30, 2009 and december 31, 2008, respectively | 4,888,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 39 and 32 at march 31, 2009 and december 31, 2008, respectively | 380,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 379 and 354 at march 31, 2009 and december 31, 2008, respectively | 4,918,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 32 and 11 at december 31, 2008 and 2007, respectively | 388,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 354 and 147 at december 31, 2008 and 2007, respectively | 4,944,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
note payable | 295,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(accumulated deficit) retained earnings | -8,608,000,000 | -7,170,000,000 | -7,120,000,000 | -6,076,000,000 | -4,373,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | -4,080,000,000 | 152,000,000 | 1,451,000,000 | 650,000,000 | 435,000,000 | 8,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash | 228,000,000 | 517,000,000 | 218,000,000 | 520,000,000 | 333,000,000 | 1,046,000,000 | 750,000,000 | 1,021,000,000 | 1,046,000,000 | 933,000,000 | 870,000,000 | 1,119,000,000 | 368,000,000 | 358,000,000 | 348,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of allowance for obsolescence of 24 and 11 at september 30, 2008 and december 31, 2007, respectively | 243,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
flight equipment | 10,264,000,000 | 10,098,000,000 | 9,950,000,000 | 9,525,000,000 | 9,176,000,000 | 17,483,000,000 | 17,641,000,000 | 17,819,000,000 | 17,982,000,000 | 18,160,000,000 | 18,591,000,000 | 19,026,000,000 | 20,935,000,000 | 20,719,000,000 | 20,627,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated depreciation | -642,000,000 | -525,000,000 | -411,000,000 | -299,000,000 | -76,000,000 | -6,901,000,000 | -6,800,000,000 | -6,608,000,000 | -6,605,000,000 | -6,440,000,000 | -6,621,000,000 | -6,846,000,000 | -7,002,000,000 | -6,783,000,000 | -6,612,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ground property and equipment | 2,069,000,000 | 2,025,000,000 | 1,981,000,000 | 1,943,000,000 | 1,750,000,000 | 4,218,000,000 | 4,575,000,000 | 4,666,000,000 | 4,648,000,000 | 4,760,000,000 | 4,791,000,000 | 4,852,000,000 | 4,897,000,000 | 4,837,000,000 | 4,805,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
flight and ground equipment under capital leases | 621,000,000 | 624,000,000 | 616,000,000 | 602,000,000 | 556,000,000 | 474,000,000 | 474,000,000 | 466,000,000 | 523,000,000 | 558,000,000 | 535,000,000 | 523,000,000 | 516,000,000 | 517,000,000 | 717,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated amortization | -128,000,000 | -111,000,000 | -88,000,000 | -63,000,000 | -14,000,000 | -151,000,000 | -136,000,000 | -130,000,000 | -154,000,000 | -171,000,000 | -213,000,000 | -211,000,000 | -197,000,000 | -184,000,000 | -364,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advance payments for equipment | 375,000,000 | 306,000,000 | 234,000,000 | 239,000,000 | 141,000,000 | 95,000,000 | 57,000,000 | 56,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 44,000,000 | 65,000,000 | 89,000,000 | 89,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total property and equipment | 12,060,000,000 | 11,999,000,000 | 11,945,000,000 | 11,701,000,000 | 11,469,000,000 | 12,585,000,000 | 12,528,000,000 | 12,973,000,000 | 13,371,000,000 | 13,615,000,000 | 14,026,000,000 | 14,529,000,000 | 16,376,000,000 | 16,436,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 305 and 147 at september 30, 2008 and december 31, 2007, respectively | 2,291,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareowners’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
skymiles deferred revenue | 1,077,000,000 | 1,096,000,000 | 1,079,000,000 | 602,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension and related benefits | 2,979,000,000 | 2,995,000,000 | 3,003,000,000 | 3,002,000,000 | 3,235,000,000 | 5,209,000,000 | 5,031,000,000 | 5,099,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
postretirement benefits | 857,000,000 | 856,000,000 | 858,000,000 | 865,000,000 | 1,042,000,000 | 1,742,000,000 | 1,756,000,000 | 1,771,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareowners’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock held in treasury, at cost, 7,517,662 and 7,238,973 shares at september 30, 2008 and december 31, 2007, respectively | -152,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareowners’ equity | 2,391,000,000 | 3,721,000,000 | 3,951,000,000 | 10,113,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareowners’ equity | 25,598,000,000 | 27,651,000,000 | 26,755,000,000 | 32,423,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of allowance for obsolescence of 19 and 11 at june 30, 2008 and december 31, 2007, respectively | 225,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel hedge derivatives | 879,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 254 and 147 at june 30, 2008 and december 31, 2007, respectively | 2,342,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel hedge margin | 973,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock held in treasury, at cost, 7,429,078 and 7,238,973 shares at june 30, 2008 and december 31, 2007, respectively | -151,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 14 and 11 at march 31, 2008 and december 31, 2007, respectively | 263,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 202 and 147 at march 31, 2008 and december 31, 2007, respectively | 2,751,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock held in treasury, at cost, 7,390,072 and 7,238,973 shares at march 31, 2008 and december 31, 2007, respectively | -151,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 11 at december 31, 2007 and 161 at december 31, 2006 | 262,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
identifiable intangibles, net of accumulated amortization of 147 at december 31, 2007 and 190 at december 31, 2006 | 2,806,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue | 1,100,000,000 | 1,155,000,000 | 379,000,000 | 363,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities subject to compromise | 19,345,000,000 | 19,349,000,000 | 19,817,000,000 | 20,943,000,000 | 20,989,000,000 | 18,695,000,000 | 17,380,000,000 | 16,385,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareowners’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
predecessor common stock at 0.01 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
successor common stock at 0.0001 par value... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
predecessor stock held in treasury, at cost, 4,745,710 shares at december 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
successor stock held in treasury, at cost, 7,238,973 shares at december 31, 2007 | -148,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
of 21 at june 30, 2007 and 21 at december 31, 2006 | 1,140,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
obsolescence of 3 at june 30, 2007 and 161 at december 31, 2006 | 246,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating rights and other intangibles, net of accumulated amortization | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
of 35 at june 30, 2007 and 190 at december 31, 2006 | 2,918,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
delta air lines, inc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
consolidated balance sheets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareowners' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable | 640,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareowners' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
202,081,648 shares issued at december 31, 2006 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
246,863,602 shares issued at june 30, 2007 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
successor stock held in treasury, at cost, 6,193,411 shares at june 30, 2007 | -128,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareowners' equity | 9,472,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareowners' equity | 33,734,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and short-term investments | 2,915,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted and designated cash | 1,069,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories | 183,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net flight equipment and net flight equipment under capital lease | 11,087,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other property and equipment | 1,498,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
intangibles | 88,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dip facility | 1,959,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued salaries and related benefits | 1,396,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exit facilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other notes payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareowners’ (deficit) equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debtors | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common shares, ... | 1,563,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
retained deficit and other - debtors | -15,890,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reorganized debtors | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareowners’ (deficit) equity | 19,771,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
· | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
of 21 at march 31, 2007 and december 31, 2006 | 986,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
obsolescence of 131 and 161 at march 31, 2007 and december 31, 2006, respectively | 184,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
of 191 and 190 at march 31, 2007 and december 31, 2006, respectively | 88,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debtor and debtor-in-possession | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareowners' deficit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue and credits | 339,000,000 | 346,000,000 | 326,000,000 | 294,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareowners' deficit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
0.01 par value... | 2,000,000 | 2,000,000 | 2,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at march 31, 2007 and december 31, 2006 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and december 31, 2006 | -224,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareowners' deficit | -13,676,000,000 | -13,593,000,000 | -13,871,000,000 | -13,866,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareowners' deficit | 19,811,000,000 | 19,622,000,000 | 20,681,000,000 | 20,737,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 161 and 201 at december 31, 2006 and 2005, respectively | 181,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating rights and other intangibles, net of accumulated amortization of 190 and 189 at december 31, 2006 and 2005, respectively | 89,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
employee stock ownership plan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b esop convertible preferred stock, 1.00 par value, | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
72.00 stated and liquidation value; zero and 4,667,568 shares issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding at december 31, 2006 and 2005, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unearned compensation under employee stock ownership plan | -89,000,000 | -86,000,000 | -92,000,000 | -101,000,000 | -113,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total employee stock ownership plan preferred stock | 250,000,000 | 276,000,000 | 277,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares issued at december 31, 2006 and 2005 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and 12,738,630 shares at december 31, 2005 | -224,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
of 38 at september 30, 2006 and 41 at december 31, 2005 | 999,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
obsolescence of 176 at september 30, 2006 and 201 at december 31, 2005 | 178,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
of 193 at september 30, 2006 and 189 at december 31, 2005 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, deferred credits and other accrued liabilities | 1,756,000,000 | 1,570,000,000 | 1,638,000,000 | 1,407,000,000 | 1,100,000,000 | 1,678,000,000 | 1,698,000,000 | 1,560,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
employee stock ownership plan preferred stock: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b esop convertible preferred stock: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1.00 par value, 72.00 stated and liquidation value, no shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issued and outstanding at september 30, 2006; and 4,667,568 shares issued | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
and outstanding at december 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
at september 30, 2006 and december 31, 2005 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
12,738,630 shares at december 31, 2005 | -224,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 207 at june 30, 2006 and 201 at december 31, 2005 | 172,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating rights and other intangibles, net of accumulated amortization of 193 at june 30, 2006 and 189 at december 31, 2005 | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b esop convertible preferred stock: 1.00 par value, 72.00 stated and liquidation value, no shares issued and outstanding at june 30, 2006; and 4,667,568 shares issued and outstanding at december 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 204 at march 31, 2006 and 201 at december 31, 2005 | 171,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating rights and other intangibles, net of accumulated amortization of 192 at march 31, 2006 and 189 at december 31, 2005 | 71,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and shareowners’ deficit | 2,005,000,000 | 2,005,000,000 | 2,005,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred credits | 307,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1.00 par value, 72.00 stated and liquidation value, no shares issued and outstanding at march 31, 2006; and 4,667,568 shares issued and outstanding at december 31, 2005 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shareowners’ deficit: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total shareowners’ deficit | -11,663,000,000 | -8,463,000,000 | -6,985,000,000 | -6,629,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and shareowners’ deficit | 20,558,000,000 | 20,039,000,000 | 20,215,000,000 | 21,561,000,000 | 21,737,000,000 | 21,801,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted investments for boston airport terminal project | 46,000,000 | 53,000,000 | 76,000,000 | 90,000,000 | 127,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued rent | 155,000,000 | 143,000,000 | 271,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term debt issued by massachusetts port authority | 498,000,000 | 498,000,000 | 498,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred credits: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred gains on sale and leaseback transactions | 350,000,000 | 363,000,000 | 376,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred revenue and other credits | 186,000,000 | 201,000,000 | 147,000,000 | 151,000,000 | 155,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 189 at september 30, 2005 and 184 at december 31, 2004 | 183,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating rights and other intangibles, net of accumulated amortization of 189 at september 30, 2005 and 185 at december 31, 2004 | 75,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total deferred credits | 201,000,000 | 497,000,000 | 514,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1.00 par value, 72.00 stated and liquidation value, 4,668,107 shares issued and outstanding at september 30, 2005; and 5,417,735 shares issued and outstanding at december 31, 2004 | 336,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 192 at june 30, 2005 and 184 at december 31, 2004 | 219,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating rights and other intangibles, net of accumulated amortization of 187 at june 30, 2005 and 185 at december 31, 2004 | 76,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1.00 par value, 72.00 stated and liquidation value, 5,105,264 shares issued and outstanding at june 30, 2005; and 5,417,735 shares issued and outstanding at december 31, 2004 | 368,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
expendable parts and supplies inventories, net of an allowance for obsolescence of 188 at march 31, 2005 and 184 at december 31, 2004 | 222,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating rights and other intangibles, net of accumulated amortization of 185 at march 31, 2005 and december 31, 2004 | 77,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b esop convertible preferred stock, 1.00 par value, 72.00 stated and liquidation value; 5,258,208 shares issued and outstanding at march 31, 2005, and 5,417,735 shares issued and outstanding at december 31, 2004 | 378,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 286,000,000 | 286,000,000 |
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 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 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 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net cash from operating activities | 2,432,000,000 | 2,260,000,000 | 1,847,000,000 | 1,857,000,000 | 2,378,000,000 | 1,894,000,000 | 1,274,000,000 | 2,449,000,000 | 2,408,000,000 | 545,000,000 | 1,076,000,000 | 2,608,000,000 | 2,235,000,000 | 1,188,000,000 | 869,000,000 | 2,535,000,000 | 1,771,000,000 | 556,000,000 | 151,000,000 | 1,866,000,000 | 691,000,000 | -1,286,000,000 | -2,575,000,000 | -290,000,000 | 358,000,000 | 957,000,000 | 2,245,000,000 | 3,272,000,000 | 1,951,000,000 | 1,364,000,000 | 1,500,000,000 | 2,807,000,000 | 1,343,000,000 | 1,918,000,000 | 1,645,000,000 | 2,386,000,000 | -801,000,000 | 1,125,000,000 | 1,854,000,000 | 3,215,000,000 | 1,011,000,000 | 1,479,000,000 | 2,067,000,000 | 2,745,000,000 | 1,636,000,000 | 4,365,000,000 | 3,007,000,000 | 951,000,000 | 1,131,000,000 | 1,161,000,000 | 1,208,000,000 | 1,004,000,000 | 550,000,000 | 463,000,000 | 632,000,000 | 831,000,000 | 1,158,000,000 | -98,000,000 | 986,000,000 | 788,000,000 | 318,000,000 | 514,000,000 | 1,034,000,000 | 966,000,000 | -73,000,000 | -25,000,000 | 834,000,000 | 643,000,000 | -1,989,000,000 | -990,000,000 | 989,000,000 | 283,000,000 | -210,000,000 | 360,000,000 | -51,000,000 | 97,000,000 | 246,000,000 | 701,000,000 | 100,000,000 | -102,000,000 | 165,000,000 | |
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property and equipment additions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
flight equipment, including advance payments | -1,000,000,000 | -609,000,000 | -929,000,000 | -996,000,000 | -987,000,000 | -970,000,000 | -1,053,000,000 | -1,008,000,000 | -883,000,000 | -1,085,000,000 | -856,000,000 | -1,074,000,000 | -630,000,000 | -1,643,000,000 | -973,000,000 | -603,000,000 | -1,276,000,000 | -635,000,000 | -434,000,000 | -395,000,000 | -132,000,000 | -302,000,000 | 65,000,000 | -30,000,000 | -629,000,000 | -570,000,000 | -548,000,000 | -1,167,000,000 | -1,059,000,000 | -871,000,000 | -570,000,000 | -1,272,000,000 | -991,000,000 | -799,000,000 | -613,000,000 | -697,000,000 | -595,000,000 | -468,000,000 | -505,000,000 | -880,000,000 | -764,000,000 | -640,000,000 | -406,000,000 | -726,000,000 | -451,000,000 | -1,179,000,000 | -857,000,000 | -514,000,000 | -841,000,000 | -511,000,000 | -238,000,000 | -527,000,000 | -311,000,000 | -276,000,000 | -301,000,000 | -308,000,000 | -231,000,000 | -195,000,000 | -207,000,000 | -274,000,000 | -302,000,000 | -304,000,000 | -163,000,000 | -286,000,000 | -404,000,000 | -49,000,000 | -112,000,000 | -386,000,000 | -225,000,000 | -263,000,000 | -266,000,000 | -527,000,000 | -89,000,000 | -131,000,000 | -94,000,000 | -69,000,000 | -39,000,000 | -63,000,000 | -80,000,000 | -232,000,000 | -223,000,000 | |
ground property and equipment, including technology | -200,000,000 | -298,000,000 | -230,000,000 | -213,000,000 | -237,000,000 | -340,000,000 | -275,000,000 | -301,000,000 | -310,000,000 | -517,000,000 | -413,000,000 | -378,000,000 | -370,000,000 | -557,000,000 | -469,000,000 | -355,000,000 | -490,000,000 | -583,000,000 | -396,000,000 | -366,000,000 | -306,000,000 | -246,000,000 | -198,000,000 | -251,000,000 | -308,000,000 | -502,000,000 | -396,000,000 | -393,000,000 | -301,000,000 | -484,000,000 | -397,000,000 | -309,000,000 | -274,000,000 | -361,000,000 | -328,000,000 | -291,000,000 | -207,000,000 | -326,000,000 | -175,000,000 | -166,000,000 | -107,000,000 | -238,000,000 | -156,000,000 | -193,000,000 | -135,000,000 | -410,000,000 | -275,000,000 | -100,000,000 | -111,000,000 | -120,000,000 | -100,000,000 | -120,000,000 | -227,000,000 | -150,000,000 | -296,000,000 | -99,000,000 | -137,000,000 | -38,000,000 | -106,000,000 | -66,000,000 | -119,000,000 | -93,000,000 | -33,000,000 | -42,000,000 | -66,000,000 | -72,000,000 | -64,000,000 | -49,000,000 | -81,000,000 | -47,000,000 | -54,000,000 | -59,000,000 | -31,000,000 | -24,000,000 | ||||||||
acquisition of strategic investments and related | -54,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | -9,000,000 | -466,000,000 | 124,000,000 | 33,000,000 | 87,000,000 | 33,000,000 | 10,000,000 | -117,000,000 | 64,000,000 | 18,000,000 | 2,000,000 | 25,000,000 | 13,000,000 | 111,000,000 | -3,000,000 | -195,000,000 | -6,000,000 | 90,000,000 | 168,000,000 | 483,000,000 | -31,000,000 | 42,000,000 | 65,000,000 | 275,000,000 | -100,000,000 | 83,000,000 | 49,000,000 | -334,000,000 | 16,000,000 | 33,000,000 | 38,000,000 | 2,000,000 | 5,000,000 | 14,000,000 | -54,000,000 | 58,000,000 | 22,000,000 | 14,000,000 | 5,000,000 | 72,000,000 | 4,000,000 | 14,000,000 | 3,000,000 | 58,000,000 | 37,000,000 | 40,000,000 | 167,000,000 | -3,000,000 | 50,000,000 | -29,000,000 | 3,000,000 | -5,000,000 | -64,000,000 | 32,000,000 | -82,000,000 | 8,000,000 | 4,000,000 | 4,000,000 | 121,000,000 | 0 | 1,000,000 | -17,000,000 | -1,000,000 | -254,000,000 | -1,000,000 | 1,000,000 | 7,000,000 | 1,000,000 | 337,000,000 | -1,000,000 | 0 | 5,000,000 | 8,000,000 | 0 | -168,000,000 | 176,000,000 | ||||||
net cash from investing activities | -1,263,000,000 | -728,000,000 | -1,035,000,000 | -1,199,000,000 | -1,224,000,000 | -1,169,000,000 | -1,124,000,000 | -809,000,000 | -637,000,000 | -535,000,000 | -131,000,000 | -1,382,000,000 | -1,100,000,000 | -4,735,000,000 | -1,288,000,000 | -152,000,000 | -749,000,000 | -480,000,000 | -384,000,000 | 26,000,000 | -60,000,000 | -1,048,000,000 | -1,144,000,000 | -4,075,000,000 | -2,971,000,000 | -767,000,000 | -1,125,000,000 | -1,566,000,000 | -1,105,000,000 | -1,012,000,000 | -909,000,000 | -1,545,000,000 | -927,000,000 | -1,332,000,000 | -1,322,000,000 | -978,000,000 | -1,734,000,000 | 445,000,000 | -887,000,000 | -1,112,000,000 | -601,000,000 | -1,179,000,000 | -1,009,000,000 | -955,000,000 | -812,000,000 | -2,425,000,000 | -842,000,000 | -563,000,000 | -948,000,000 | -617,000,000 | -561,000,000 | -630,000,000 | -533,000,000 | -428,000,000 | -652,000,000 | -349,000,000 | -412,000,000 | -212,000,000 | -298,000,000 | -576,000,000 | -669,000,000 | -802,000,000 | -262,000,000 | -293,000,000 | -359,000,000 | -245,000,000 | -132,000,000 | -272,000,000 | 3,513,000,000 | -1,106,000,000 | -259,000,000 | -550,000,000 | -56,000,000 | -75,000,000 | 5,000,000 | -64,000,000 | -170,000,000 | -132,000,000 | -653,000,000 | -99,000,000 | -67,000,000 | |
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term obligations | 1,250,000,000 | 0 | 0 | 379,000,000 | 2,882,000,000 | 0 | 0 | 0 | 1,750,000,000 | 0 | 0 | 68,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on debt and finance lease obligations | -1,564,000,000 | -896,000,000 | -459,000,000 | -2,941,000,000 | -531,000,000 | -1,542,000,000 | -262,000,000 | -1,437,000,000 | -712,000,000 | -361,000,000 | -724,000,000 | -1,820,000,000 | -1,166,000,000 | -285,000,000 | -1,795,000,000 | -952,000,000 | -1,443,000,000 | -1,149,000,000 | -1,552,000,000 | -1,358,000,000 | -1,775,000,000 | -6,241,000,000 | -606,000,000 | -474,000,000 | -1,238,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends | -129,000,000 | -122,000,000 | -122,000,000 | -97,000,000 | -99,000,000 | -96,000,000 | -97,000,000 | -64,000,000 | -64,000,000 | -64,000,000 | 0 | 0 | 0 | -260,000,000 | -259,000,000 | -260,000,000 | -228,000,000 | -233,000,000 | -239,000,000 | -240,000,000 | -213,000,000 | -217,000,000 | -215,000,000 | -219,000,000 | -148,000,000 | -149,000,000 | -149,000,000 | -150,000,000 | -103,000,000 | -107,000,000 | -105,000,000 | -107,000,000 | -72,000,000 | -75,000,000 | -176,000,000 | -101,000,000 | -51,000,000 | -51,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -435,000,000 | -1,002,000,000 | -370,000,000 | -1,070,000,000 | -634,000,000 | -1,590,000,000 | -371,000,000 | -1,512,000,000 | -787,000,000 | 416,000,000 | -800,000,000 | -1,831,000,000 | -1,179,000,000 | -305,000,000 | -1,808,000,000 | -966,000,000 | -1,456,000,000 | -1,167,000,000 | -1,565,000,000 | -330,000,000 | -790,000,000 | -5,957,000,000 | 10,247,000,000 | 9,722,000,000 | 5,344,000,000 | 842,000,000 | -1,451,000,000 | -1,662,000,000 | -609,000,000 | -252,000,000 | -1,203,000,000 | 516,000,000 | -787,000,000 | -250,000,000 | -1,086,000,000 | -1,074,000,000 | 1,680,000,000 | -446,000,000 | -991,000,000 | -2,149,000,000 | -674,000,000 | -697,000,000 | -982,000,000 | -1,619,000,000 | -790,000,000 | -2,274,000,000 | -1,647,000,000 | -533,000,000 | -357,000,000 | -491,000,000 | -318,000,000 | -154,000,000 | 125,000,000 | -300,000,000 | -352,000,000 | -228,000,000 | -396,000,000 | -238,000,000 | -714,000,000 | -223,000,000 | -193,000,000 | -710,000,000 | -1,251,000,000 | -367,000,000 | -357,000,000 | 815,000,000 | -292,000,000 | -185,000,000 | 571,000,000 | 1,017,000,000 | 17,000,000 | 111,000,000 | -74,000,000 | -226,000,000 | -203,000,000 | -181,000,000 | -74,000,000 | -148,000,000 | -104,000,000 | 85,000,000 | ||
net increase in cash, cash equivalents and restricted cash equivalents | 734,000,000 | 442,000,000 | -412,000,000 | 520,000,000 | -221,000,000 | 128,000,000 | 984,000,000 | -1,798,000,000 | 1,562,000,000 | -159,000,000 | 6,528,000,000 | 5,357,000,000 | 2,731,000,000 | -331,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash equivalents at beginning of period | 4,501,000,000 | 0 | 0 | 3,421,000,000 | 0 | 0 | 3,395,000,000 | 0 | 0 | 3,473,000,000 | 0 | 0 | 8,569,000,000 | 0 | 0 | 10,055,000,000 | 0 | 0 | 3,730,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash equivalents at end of period | 5,235,000,000 | 442,000,000 | -412,000,000 | 3,941,000,000 | -221,000,000 | 128,000,000 | 4,379,000,000 | 145,000,000 | -605,000,000 | 3,429,000,000 | -2,227,000,000 | 1,417,000,000 | 8,135,000,000 | -1,798,000,000 | 1,562,000,000 | 9,896,000,000 | 6,528,000,000 | 5,357,000,000 | 6,461,000,000 | -331,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash transactions: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating leases converted to finance leases | 359,000,000 | 0 | 0 | 163,000,000 | 149,000,000 | 31,000,000 | 10,000,000 | 13,000,000 | 30,000,000 | 63,000,000 | 139,000,000 | 1,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right-of-use assets acquired or modified under operating leases | 179,000,000 | 240,000,000 | 82,000,000 | -22,000,000 | 75,000,000 | 110,000,000 | 56,000,000 | 195,000,000 | -34,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
flight and ground equipment acquired or modified under finance leases | 1,000,000 | 125,000,000 | 0 | -35,000,000 | 12,000,000 | 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the following table provides a reconciliation of cash, cash equivalents and restricted cash equivalents reported within the consolidated balance sheets to the total of the same such amounts shown above: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 5,053,000,000 | 460,000,000 | -380,000,000 | 3,711,000,000 | -141,000,000 | 233,000,000 | 3,877,000,000 | 167,000,000 | -547,000,000 | 3,215,000,000 | -2,198,000,000 | 1,516,000,000 | 7,705,000,000 | -1,572,000,000 | 1,897,000,000 | 8,460,000,000 | 5,111,000,000 | 5,399,000,000 | 5,967,000,000 | 983,000,000 | -110,000,000 | 99,000,000 | 1,910,000,000 | 185,000,000 | -506,000,000 | 439,000,000 | 1,447,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash included in prepaid expenses and other | 144,000,000 | 1,000,000 | 7,000,000 | 89,000,000 | -17,000,000 | -12,000,000 | 126,000,000 | -22,000,000 | -4,000,000 | 160,000,000 | -5,000,000 | -16,000,000 | 170,000,000 | -10,000,000 | -41,000,000 | 213,000,000 | 76,000,000 | 74,000,000 | 39,000,000 | 166,000,000 | -81,000,000 | 70,000,000 | 57,000,000 | -7,000,000 | 6,000,000 | 13,000,000 | 35,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash included in other noncurrent assets | 38,000,000 | -19,000,000 | -39,000,000 | 141,000,000 | -63,000,000 | -93,000,000 | 376,000,000 | 54,000,000 | -24,000,000 | -83,000,000 | 260,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents and restricted cash equivalents | 5,235,000,000 | 442,000,000 | -412,000,000 | 3,941,000,000 | -221,000,000 | 128,000,000 | 4,379,000,000 | 145,000,000 | -605,000,000 | 3,429,000,000 | -2,227,000,000 | 1,417,000,000 | 8,135,000,000 | -1,798,000,000 | 1,562,000,000 | 9,896,000,000 | 6,528,000,000 | 5,357,000,000 | 6,461,000,000 | -331,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these condensed consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 463,000,000 | 433,000,000 | 445,000,000 | 437,000,000 | 313,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on fair value investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension, postretirement and postemployment payments greater than expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in certain assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
receivables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaids and other current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
air traffic liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loyalty program deferred revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
profit sharing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other payables, deferred revenue and accrued liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of equity investments | -717,000,000 | -53,000,000 | 0 | -100,000,000 | 0 | -81,000,000 | -450,000,000 | -173,000,000 | 0 | -622,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of short-term investments | 0 | -301,000,000 | -1,012,000,000 | -999,000,000 | -2,129,000,000 | -101,000,000 | -248,000,000 | -226,000,000 | -1,856,000,000 | -5,212,000,000 | -2,426,000,000 | -3,161,000,000 | -4,700,000,000 | -3,745,000,000 | 0 | -27,000,000 | -55,000,000 | -63,000,000 | -57,000,000 | -301,000,000 | -104,000,000 | -463,000,000 | -227,000,000 | -614,000,000 | -378,000,000 | -488,000,000 | -258,000,000 | -127,000,000 | -269,000,000 | -344,000,000 | -1,642,000,000 | -240,000,000 | -240,000,000 | -240,000,000 | -239,000,000 | -240,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
redemption of short-term investments | 7,000,000 | 117,000,000 | 467,000,000 | 546,000,000 | 1,059,000,000 | 1,527,000,000 | 1,064,000,000 | 897,000,000 | 220,000,000 | 295,000,000 | 943,000,000 | 1,346,000,000 | 2,878,000,000 | 5,664,000,000 | 3,123,000,000 | 3,371,000,000 | 3,954,000,000 | 3,000,000,000 | 0 | 0 | 0 | 206,000,000 | 276,000,000 | 69,000,000 | 58,000,000 | 363,000,000 | 189,000,000 | 88,000,000 | 100,000,000 | 207,000,000 | 1,250,000,000 | 385,000,000 | 298,000,000 | 753,000,000 | 229,000,000 | 176,000,000 | 219,000,000 | 115,000,000 | 748,000,000 | 493,000,000 | 251,000,000 | 248,000,000 | 0 | 73,000,000 | 0 | |||||||||||||||||||||||||||||||||||||
proceeds from long-term obligations | 0 | 217,000,000 | 0 | 0 | 978,000,000 | 924,000,000 | 309,000,000 | 10,734,000,000 | 7,785,000,000 | 3,962,000,000 | 1,557,000,000 | 0 | 0 | 500,000,000 | 621,000,000 | 0 | 450,000,000 | 0 | 0 | 2,004,000,000 | 0 | 0 | 0 | 450,000,000 | 0 | 997,000,000 | 0 | 41,000,000 | 980,000,000 | 273,000,000 | 59,000,000 | 200,000,000 | 1,485,000,000 | 15,000,000 | 781,000,000 | 1,354,000,000 | 245,000,000 | 907,000,000 | 494,000,000 | 2,082,000,000 | 34,000,000 | 356,000,000 | 118,000,000 | 1,166,000,000 | 115,000,000 | 733,000,000 | ||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 237,000,000 | 100,000,000 | -612,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 2,748,000,000 | 0 | 0 | 0 | 1,853,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 2,985,000,000 | 100,000,000 | -612,000,000 | 1,778,000,000 | 1,482,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash paid for interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt agreements modified | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the accompanying notes are an integral part of these consolidated financial statements. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity investments and other financings | 0 | 0 | 0 | 330,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of strategic investments | 0 | 0 | -2,099,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel inventory | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -371,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right-of-use assets acquired under operating leases | 218,000,000 | 299,000,000 | -64,000,000 | 208,000,000 | 159,000,000 | 48,000,000 | -35,000,000 | 359,000,000 | 1,577,000,000 | 277,000,000 | 239,000,000 | 20,000,000 | 15,000,000 | 669,000,000 | 338,000,000 | 55,000,000 | 5,000,000 | 102,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
flight and ground equipment acquired under finance leases | -6,000,000 | 1,000,000 | 11,000,000 | 25,000,000 | 7,000,000 | 3,000,000 | 39,000,000 | 42,000,000 | 145,000,000 | 125,000,000 | 306,000,000 | 473,000,000 | 34,000,000 | 134,000,000 | 29,000,000 | 184,000,000 | 31,000,000 | 461,000,000 | 155,000,000 | 3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash equivalents | -44,000,000 | -434,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring charges | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension, postretirement and postemployment payments (greater)/less than expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairments and equity method results | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale-leaseback transactions | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of common stock | 0 | 0 | 0 | -344,000,000 | -225,000,000 | -209,000,000 | -268,000,000 | -1,325,000,000 | -325,000,000 | -325,000,000 | -600,000,000 | -325,000,000 | -327,000,000 | -550,000,000 | -600,000,000 | -200,000,000 | -300,000,000 | -500,000,000 | -1,026,000,000 | -775,000,000 | -425,000,000 | -425,000,000 | -925,000,000 | -425,000,000 | -600,000,000 | -350,000,000 | -125,000,000 | -157,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel card obligation | 0 | 261,000,000 | -261,000,000 | 364,000,000 | 297,000,000 | 8,000,000 | 4,000,000 | 0 | -5,000,000 | 295,000,000 | 0 | 7,000,000 | 334,000,000 | 225,000,000 | -18,000,000 | -137,000,000 | 141,000,000 | 3,000,000 | -23,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 57,000,000 | -59,000,000 | 0 | 149,000,000 | 64,000,000 | -85,000,000 | -13,000,000 | 171,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
pension, postretirement and postemployment payments less/(greater) than expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairments and equity method losses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncurrent assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sale of equity investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other financings | 0 | 40,000,000 | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash restricted for airport construction | -216,000,000 | -294,000,000 | 1,223,000,000 | 1,341,000,000 | -116,000,000 | 455,000,000 | -117,000,000 | -140,000,000 | -125,000,000 | 1,018,000,000 | -78,000,000 | -112,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans to others | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury stock contributed to our qualified defined benefit pension plans | 0 | 0 | 0 | 350,000,000 | 0 | 0 | 0 | 350,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
the following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets to the total of the same such amounts shown above: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cash, cash equivalents and restricted cash | 2,985,000,000 | 100,000,000 | -612,000,000 | 1,778,000,000 | 1,482,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on long-term debt and finance lease obligations | -355,000,000 | -1,165,000,000 | -1,285,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
flight and ground equipment acquired under operating leases | 274,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on long-term debt and capital lease obligations | -648,000,000 | -1,849,000,000 | -244,000,000 | -439,000,000 | -255,000,000 | -276,000,000 | -288,000,000 | -306,000,000 | -254,000,000 | -690,000,000 | -459,000,000 | -407,000,000 | -1,517,000,000 | -333,000,000 | -301,000,000 | -2,485,000,000 | -1,477,000,000 | -412,000,000 | -493,000,000 | -347,000,000 | -322,000,000 | -299,000,000 | -1,454,000,000 | -669,000,000 | -374,000,000 | -367,000,000 | -746,000,000 | -1,032,000,000 | -1,934,000,000 | -460,000,000 | -1,176,000,000 | -924,000,000 | -1,254,000,000 | -368,000,000 | -835,000,000 | -1,203,000,000 | -315,000,000 | -538,000,000 | -439,000,000 | -145,000,000 | -97,000,000 | -615,000,000 | -74,000,000 | -226,000,000 | -202,000,000 | -181,000,000 | -74,000,000 | -143,000,000 | -172,000,000 | -1,133,000,000 | -100,000,000 | -210,000,000 | ||||||||||||||||||||||||||||||
flight and ground equipment acquired under capital leases | 36,000,000 | 7,000,000 | 50,000,000 | 12,000,000 | 41,000,000 | 22,000,000 | 186,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hedge derivative contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity investment earnings | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hedge margin | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
frequent flyer deferred revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on hedge derivative contracts | -50,000,000 | -196,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from hedge derivative contracts | 125,000,000 | 120,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 1,124,000,000 | -24,000,000 | -46,000,000 | -264,000,000 | -397,000,000 | 76,000,000 | 171,000,000 | 34,000,000 | -334,000,000 | 518,000,000 | -145,000,000 | -174,000,000 | 53,000,000 | 329,000,000 | 220,000,000 | 254,000,000 | -11,000,000 | -544,000,000 | -998,000,000 | -479,000,000 | 306,000,000 | -789,000,000 | 545,000,000 | 410,000,000 | 186,000,000 | 2,095,000,000 | -1,079,000,000 | 747,000,000 | -156,000,000 | -340,000,000 | 59,000,000 | -249,000,000 | -148,000,000 | 2,000,000 | 421,000,000 | 183,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 0 | 2,762,000,000 | 0 | 0 | 0 | 1,972,000,000 | 0 | 0 | 0 | 2,088,000,000 | 2,844,000,000 | 2,844,000,000 | 2,844,000,000 | 0 | 0 | 0 | 2,416,000,000 | 0 | 0 | 0 | 2,657,000,000 | 0 | 0 | 0 | 2,892,000,000 | 0 | 0 | 0 | 4,607,000,000 | 0 | 0 | 0 | 4,255,000,000 | 0 | 0 | 0 | 2,648,000,000 | 2,170,000,000 | 2,034,000,000 | 0 | 0 | 2,008,000,000 | 0 | 0 | 1,463,000,000 | |||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 336,000,000 | -763,000,000 | 334,000,000 | 1,907,000,000 | 1,124,000,000 | -24,000,000 | -46,000,000 | 1,708,000,000 | -397,000,000 | 76,000,000 | 171,000,000 | 2,122,000,000 | 2,510,000,000 | 3,362,000,000 | 2,699,000,000 | -174,000,000 | 53,000,000 | 329,000,000 | 2,636,000,000 | 142,000,000 | -265,000,000 | -372,000,000 | 2,911,000,000 | 350,000,000 | -548,000,000 | -26,000,000 | 2,881,000,000 | -544,000,000 | -998,000,000 | -479,000,000 | 4,913,000,000 | -789,000,000 | 545,000,000 | 410,000,000 | 4,441,000,000 | 2,095,000,000 | -1,079,000,000 | 747,000,000 | 2,492,000,000 | 1,830,000,000 | 2,093,000,000 | -148,000,000 | 2,000,000 | 2,429,000,000 | 20,000,000 | -305,000,000 | 1,646,000,000 | |||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -763,000,000 | 334,000,000 | -855,000,000 | 142,000,000 | -265,000,000 | -548,000,000 | 20,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring and other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
extinguishment of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity investment (earnings) loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash and cash equivalents | -20,000,000 | 237,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of london-heathrow slots | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds for sales of e190 aircraft | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
flight equipment under capital leases | 26,000,000 | 39,000,000 | 28,000,000 | 28,000,000 | 10,000,000 | 19,000,000 | 9,000,000 | 23,000,000 | 66,000,000 | 126,000,000 | 4,000,000 | 79,000,000 | 120,000,000 | 0 | 11,000,000 | 8,000,000 | 13,000,000 | 4,000,000 | 19,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
flight equipment acquired under capital leases | 5,000,000 | 23,000,000 | 27,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash equivalents | -79,000,000 | 1,137,000,000 | 119,000,000 | 2,721,000,000 | 2,685,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
short-term investments | 959,000,000 | 958,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
u.s. government and agency securities | 31,000,000 | 160,000,000 | -14,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset- and mortgage-backed securities | 14,000,000 | 238,000,000 | -8,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
corporate obligations | 30,000,000 | 755,000,000 | -31,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other fixed income securities | 8,000,000 | 53,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash equivalents and investments | 13,000,000 | 49,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term investments | -13,000,000 | 167,000,000 | 5,000,000 | 176,000,000 | 145,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hedge derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel hedge contracts | 425,000,000 | -664,000,000 | -77,000,000 | 190,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest rate contract | 4,000,000 | 7,000,000 | 9,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency exchange contracts | -46,000,000 | -33,000,000 | 3,000,000 | 34,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
skymiles used pursuant to advance purchase under american express agreements | -583,000,000 | 83,000,000 | 84,000,000 | 83,000,000 | -583,000,000 | 417,000,000 | -250,000,000 | 83,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
build-to-suit leased facilities | 6,000,000 | 5,000,000 | 5,000,000 | 18,000,000 | 40,000,000 | 45,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
american express advance purchase of restricted skymiles | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
three months ended march 31, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating revenue: | 9,314,000,000 | 11,114,000,000 | 10,621,000,000 | 8,916,000,000 | 783,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales to airline segment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
exchanged products | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
sales of refined products to third parties | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | 1,312,000,000 | 816,000,000 | 1,566,000,000 | 661,000,000 | 595,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | 131,000,000 | 140,000,000 | 155,000,000 | 165,000,000 | 4,000,000 | -268,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total assets, end of period | 52,696,000,000 | 50,648,000,000 | 50,948,000,000 | 51,016,000,000 | 256,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 | 579,000,000 | 449,000,000 | 511,000,000 | 592,000,000 | 0 | 286,000,000 | 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 | 2,432,000,000 | 2,260,000,000 | 1,847,000,000 | 1,857,000,000 | 2,378,000,000 | 1,894,000,000 | 1,274,000,000 | 2,449,000,000 | 2,408,000,000 | 545,000,000 | 1,076,000,000 | 2,608,000,000 | 2,235,000,000 | 1,188,000,000 | 869,000,000 | 2,535,000,000 | 1,771,000,000 | 556,000,000 | 151,000,000 | 1,866,000,000 | 691,000,000 | -1,286,000,000 | -2,575,000,000 | -290,000,000 | 358,000,000 | 957,000,000 | 2,245,000,000 | 3,272,000,000 | 1,951,000,000 | 1,364,000,000 | 1,500,000,000 | 2,807,000,000 | 1,343,000,000 | 1,918,000,000 | 1,645,000,000 | 2,386,000,000 | -801,000,000 | 1,125,000,000 | 1,854,000,000 | 3,215,000,000 | 1,011,000,000 | 1,479,000,000 | 2,067,000,000 | 2,745,000,000 | 2,215,000,000 | 4,814,000,000 | 3,518,000,000 | 1,543,000,000 | 1,131,000,000 | 1,447,000,000 | 1,208,000,000 | 1,004,000,000 | 550,000,000 | 463,000,000 | 632,000,000 | 831,000,000 | 1,158,000,000 | -98,000,000 | 986,000,000 | 788,000,000 | 318,000,000 | 514,000,000 | 1,034,000,000 | 966,000,000 | -73,000,000 | -25,000,000 | 834,000,000 | 643,000,000 | -1,989,000,000 | -990,000,000 | 989,000,000 | 283,000,000 | -210,000,000 | 360,000,000 | -51,000,000 | 97,000,000 | 246,000,000 | 701,000,000 | 100,000,000 | -102,000,000 | 165,000,000 | |
three months ended march 31, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension, postretirement and postemployment expense less than payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring and other items | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity investment loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of virgin atlantic shares | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
built-to-suit leased facilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
three months ended september 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
three months ended september 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
three months ended june 30, 2014 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
three months ended june 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
three months ended march 31, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel hedge derivative contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other assets and liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization expense | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
nine months ended september 30, 2013 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of investments | -239,000,000 | -240,000,000 | -239,000,000 | -240,000,000 | -239,000,000 | -240,000,000 | -359,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
virgin atlantic investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of investments | 326,000,000 | 286,000,000 | 262,000,000 | 243,000,000 | 248,000,000 | 266,000,000 | 341,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
three months ended june 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
six months ended june 30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity-based compensation expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | -33,000,000 | -1,000,000 | -4,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt relief through vendor negotiations | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt discount on american express agreements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
jfk redevelopment project funded by third parties | 56,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash equivalents and short-term investments | 409,000,000 | 429,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest rate contracts | -91,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension, postretirement and postemployment expense (less than) in excess of payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hedge margin receivables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft delivered under seller financing | 0 | -1,000,000 | 0 | 21,000,000 | -269,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt discount on american express agreement | 0 | 0 | 0 | 110,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investments | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel derivatives | 229,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest rate derivatives | -56,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency derivatives | -37,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fuel hedge derivative instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment of goodwill and other intangible assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restructuring and merger-related items | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in certain current assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in receivables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in hedge margin receivables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash and cash equivalents | -26,000,000 | 203,000,000 | -134,000,000 | -8,000,000 | 18,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in prepaid expenses and other current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in air traffic liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in frequent flyer deferred revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts payable and accrued liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(purchase) redemption of investments | -377,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash in connection with the merger | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of flight equipment | 8,000,000 | 18,000,000 | 5,000,000 | 5,000,000 | 14,000,000 | 10,000,000 | 2,000,000 | 74,000,000 | 58,000,000 | 25,000,000 | 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from american express agreement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of short-term obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of treasury stock, net of commissions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
shares of delta common stock issued or issuable in connection with the merger | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in restricted cash, cash equivalents and short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
flight equipment | 2,000,000 | -342,000,000 | 184,000,000 | 201,000,000 | -90,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash, cash equivalents and short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of debt discount (premium) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension, postretirement and postemployment expense in excess of (less than) payments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reorganization items | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in short-term investments | 72,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in prepaid expenses and other current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in frequent flyer deferred revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redesignation of cash equivalents to short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other payables, deferred revenue and accrued liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash paid (refunded) for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest | 227,000,000 | 205,000,000 | 130,000,000 | 180,000,000 | 178,000,000 | 146,000,000 | 265,000,000 | 185,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
professional fee disbursements due to bankruptcy | 19,000,000 | 28,000,000 | 22,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest received from the preservation of cash due to chapter 11 filing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt extinguishment from aircraft renegotiation | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash | -4,000,000 | 2,000,000 | 4,000,000 | 58,000,000 | 27,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds of sales of flight equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exit facilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on dip facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt extinguishment from aircraft negotiation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
flight equipment incentive | 15,000,000 | 39,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ground equipment | 3,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft delivered under seller-financing | 61,000,000 | 0 | 18,000,000 | 148,000,000 | 85,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted investments related to the boston airport terminal project | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of wholly owned subsidiary, net of cash remaining with subsidiary | 120,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from dip facility | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest, net of amounts capitalized | 77,000,000 | 168,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash received from aircraft renegotiation | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income taxes | 0 | 0 | -1,000,000 | 0 | 1,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends on series b esop convertible preferred stock | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current maturities of long-term debt exchanged for shares of common stock | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of flight equipment | 18,000,000 | 8,000,000 | 7,000,000 | 19,000,000 | 42,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of investments | 34,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest received from the preservation of cash due to chapter 11 proceedings | -38,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | -1,235,000,000 | -1,130,000,000 | -382,000,000 | -1,071,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset and other writedowns | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss (gain) from sale of investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) decrease in short-term investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in receivables | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in prepaid expenses and other current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase (decrease) in accounts payable and other accrued liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(increase) decrease in restricted investments related to the boston airport terminal project | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from dip financing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on dip financing | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest received due to bankruptcy | -30,000,000 | -32,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ground property and equipment | -26,000,000 | -33,000,000 | -29,000,000 | -63,000,000 | -67,000,000 | -66,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of wholly owned subsidiary, net of | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash remaining with subsidiary | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in restricted cash | 24,000,000 | -106,000,000 | -63,000,000 | 313,000,000 | -871,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings under long-term obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash paid for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest paid | 201,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
lease agreement refinancings | 0 | 156,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in restricted investments related to boston airport terminal project | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from (used in) operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
make-whole payments on extinguishment of esop notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment on termination of accounts receivable securitization | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends payable on esop preferred stock | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to cash from operating activities | 1,151,000,000 | 500,000,000 | 519,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in certain assets and liabilities | 79,000,000 | -220,000,000 | 717,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in restricted investments related to boston airport terminal project | 22,000,000 | 14,000,000 | 37,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowing from long-term obligations | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from (used) in financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid during the period for: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of long-term obligations | 0 | 295,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends on esop preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
passenger | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
mainline | 2,649,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
regional affiliates | 690,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cargo | 132,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating revenues | 3,647,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
salaries and related costs | 1,411,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft fuel | 884,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contracted services | 272,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contract carrier arrangements | 204,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
landing fees and other rents | 215,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft maintenance materials and outside repairs | 177,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft rent | 143,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
passenger commissions and other selling expenses | 192,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
passenger service | 84,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pension settlements, asset writedowns, restructuring and related items | 531,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 4,604,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating loss | -957,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 14,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value adjustments of sfas 133 derivatives | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
miscellaneous expense | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other expense | -258,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss before income taxes | -1,215,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax benefit | 144,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock dividends | -5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to common shareowners | -1,076,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted loss per share | -7,640,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average shares used for eps calculation | 140,924,006,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of flight equipment | 178,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash (used in) provided by operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on notes payable | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
aircraft capital leases from sale and leaseback transactions |