Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
$ in Millions |
3 Months Ended |
9 Months Ended |
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
| Operating Revenue: |
|
|
|
|
| Total operating revenue |
$ 3,062
|
$ 12,560
|
$ 13,122
|
$ 35,568
|
| Operating Expense: |
|
|
|
|
| Salaries and related costs |
1,956
|
2,884
|
6,814
|
8,275
|
| Aircraft fuel and related taxes |
486
|
2,239
|
2,453
|
6,508
|
| Regional carriers expense, excluding fuel |
488
|
900
|
1,888
|
2,698
|
| Depreciation and amortization |
545
|
631
|
1,813
|
1,960
|
| Contracted services |
379
|
685
|
1,398
|
1,974
|
| Landing fees and other rents |
378
|
460
|
1,195
|
1,321
|
| Ancillary businesses and refinery |
561
|
279
|
1,181
|
945
|
| Aircraft maintenance materials and outside repairs |
106
|
424
|
618
|
1,334
|
| Passenger commissions and other selling expenses |
94
|
539
|
498
|
1,505
|
| Passenger service |
88
|
345
|
433
|
938
|
| Aircraft rent |
99
|
110
|
295
|
318
|
| Restructuring charges |
5,345
|
0
|
7,798
|
0
|
| CARES Act grant recognition |
(1,315)
|
0
|
(2,595)
|
0
|
| Profit sharing |
0
|
517
|
0
|
1,256
|
| Other |
238
|
476
|
944
|
1,317
|
| Total operating expense |
9,448
|
10,489
|
24,733
|
30,349
|
| Operating (Loss)/Income |
(6,386)
|
2,071
|
(11,611)
|
5,219
|
| Non-Operating Expense: |
|
|
|
|
| Interest expense, net |
(291)
|
(70)
|
(564)
|
(228)
|
| Impairments and equity method (losses)/gains |
(114)
|
27
|
(2,432)
|
(44)
|
| Gain/(loss) on investments, net |
(95)
|
(35)
|
(199)
|
(17)
|
| Miscellaneous, net |
27
|
(46)
|
327
|
(130)
|
| Total non-operating expense, net |
(473)
|
(124)
|
(2,868)
|
(419)
|
| (Loss)/Income Before Income Taxes |
(6,859)
|
1,947
|
(14,479)
|
4,800
|
| Income Tax Benefit/(Provision) |
1,480
|
(452)
|
2,849
|
(1,131)
|
| Net (Loss)/Income |
$ (5,379)
|
$ 1,495
|
$ (11,630)
|
$ 3,669
|
| Basic (Loss)/Earnings Per Share (USD per share) |
$ (8.47)
|
$ 2.32
|
$ (18.30)
|
$ 5.61
|
| Diluted (Loss)/Earnings Per Share (USD per share) |
(8.47)
|
2.31
|
(18.30)
|
5.59
|
| Cash Dividends Declared Per Share (USD per share) |
$ 0
|
$ 0.40
|
$ 0.40
|
$ 1.10
|
| Comprehensive (Loss)/Income |
$ (5,381)
|
$ 1,545
|
$ (11,580)
|
$ 3,849
|
| Passenger |
|
|
|
|
| Operating Revenue: |
|
|
|
|
| Total operating revenue |
1,938
|
11,410
|
10,185
|
32,032
|
| Cargo |
|
|
|
|
| Operating Revenue: |
|
|
|
|
| Total operating revenue |
142
|
189
|
403
|
567
|
| Other |
|
|
|
|
| Operating Revenue: |
|
|
|
|
| Total operating revenue |
$ 982
|
$ 961
|
$ 2,534
|
$ 2,969
|