10-Q Filing

ALASKA AIR GROUP, INC. CIK: 766421 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0000766421-20-000046`
Period End Date	20200331
Filing Date	20200514
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	alk-20200331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 107 Income Statement 62 Cash Flow Statement 71 Stockholders Equity 28 Comprehensive Income 30

Balance Sheet 107 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred Stock, par value (usd per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$215.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$221.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$811.00M	USD	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.30B	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$1.31B	USD	Point-in-time
Preferred stock, shares issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total cash and marketable securities	`CashCashEquivalentsAndShortTermInvestments`	$2.12B	USD	Point-in-time
Total cash and marketable securities	`CashCashEquivalentsAndShortTermInvestments`	$1.52B	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$323.00M	USD	Point-in-time
Receivables - net	`ReceivablesNetCurrent`	$279.00M	USD	Point-in-time
Inventories and supplies - net	`InventoryNet`	$72.00M	USD	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Inventories and supplies - net	`InventoryNet`	$68.00M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	131.93M	shares	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	131.81M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$100.00M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$121.00M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.57B	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.04B	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	123.00M	shares	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	122.59M	shares	Point-in-time
Treasury Stock, Shares (shares)	`TreasuryStockShares`	9.35M	shares	Point-in-time
Treasury Stock, Shares (shares)	`TreasuryStockShares`	8.81M	shares	Point-in-time
Aircraft and other flight equipment	`FlightEquipmentGross`	$8.23B	USD	Point-in-time
Aircraft and other flight equipment	`FlightEquipmentGross`	$8.55B	USD	Point-in-time
Other property and equipment	`PropertyPlantAndEquipmentOther`	$1.31B	USD	Point-in-time
Other property and equipment	`PropertyPlantAndEquipmentOther`	$1.34B	USD	Point-in-time
Deposits for future flight equipment	`DepositsOnFlightEquipment`	$590.00M	USD	Point-in-time
Deposits for future flight equipment	`DepositsOnFlightEquipment`	$533.00M	USD	Point-in-time
Property and Equipment Total	`PropertyPlantAndEquipmentGross`	$10.16B	USD	Point-in-time
Property and Equipment Total	`PropertyPlantAndEquipmentGross`	$10.39B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.49B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$3.31B	USD	Point-in-time
Total Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$6.85B	USD	Point-in-time
Total Property and Equipment - Net	`PropertyPlantAndEquipmentNet`	$6.90B	USD	Point-in-time
Operating Lease, Right-of-Use Asset	`OperatingLeaseRightOfUseAsset`	$1.58B	USD	Point-in-time
Operating Lease, Right-of-Use Asset	`OperatingLeaseRightOfUseAsset`	$1.71B	USD	Point-in-time
Goodwill	`Goodwill`	$1.94B	USD	Point-in-time
Goodwill	`Goodwill`	$1.94B	USD	Point-in-time
Intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$122.00M	USD	Point-in-time
Intangible assets - net	`IntangibleAssetsNetExcludingGoodwill`	$110.00M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$300.00M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$278.00M	USD	Point-in-time
Other Assets	`OtherAssets`	$3.94B	USD	Point-in-time
Other Assets	`OtherAssets`	$4.05B	USD	Point-in-time
Total Assets	`Assets`	$12.99B	USD	Point-in-time
Total Assets	`Assets`	$13.36B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$119.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$146.00M	USD	Point-in-time
Accrued wages, vacation and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$470.00M	USD	Point-in-time
Accrued wages, vacation and payroll taxes	`EmployeeRelatedLiabilitiesCurrent`	$316.00M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$382.00M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$431.00M	USD	Point-in-time
Deferred revenue, current	`DeferredRevenueCurrent`	$478.00M	USD	Point-in-time
Deferred revenue, current	`DeferredRevenueCurrent`	$750.00M	USD	Point-in-time
Operating Lease, Liability, Current	`OperatingLeaseLiabilityCurrent`	$269.00M	USD	Point-in-time
Operating Lease, Liability, Current	`OperatingLeaseLiabilityCurrent`	$266.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.20B	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$3.73B	USD	Point-in-time
Operating Lease, Liability, Noncurrent	`OperatingLeaseLiabilityNoncurrent`	$1.44B	USD	Point-in-time
Operating Lease, Liability, Noncurrent	`OperatingLeaseLiabilityNoncurrent`	$1.38B	USD	Point-in-time
Deferred revenue, noncurrent	`DeferredRevenueNoncurrent`	$1.24B	USD	Point-in-time
Deferred revenue, noncurrent	`DeferredRevenueNoncurrent`	$1.54B	USD	Point-in-time
Obligation for pension and postretirement medical benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$571.00M	USD	Point-in-time
Obligation for pension and postretirement medical benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$577.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$253.00M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$232.00M	USD	Point-in-time
Other Liabilities and Credits Totals	`LiabilitiesNoncurrent`	$4.42B	USD	Point-in-time
Other Liabilities and Credits Totals	`LiabilitiesNoncurrent`	$4.20B	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, Authorized: 5,000,000 shares, none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, Authorized: 5,000,000 shares, none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value, Authorized: 400,000,000 shares, Issued: 2020 - 131,934,957 shares; 2019 - 131,812,173 shares, Outstanding: 2020 - 122,585,013 shares; 2019 - 123,000,307 shares	`CommonStockValue`	$1.00M	USD	Point-in-time
Common stock, $0.01 par value, Authorized: 400,000,000 shares, Issued: 2020 - 131,934,957 shares; 2019 - 131,812,173 shares, Outstanding: 2020 - 122,585,013 shares; 2019 - 123,000,307 shares	`CommonStockValue`	$1.00M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$314.00M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$305.00M	USD	Point-in-time
Treasury stock (common), at cost: 2020 - 9,349,944 shares; 2019 - 8,811,866 shares	`TreasuryStockValue`	$643.00M	USD	Point-in-time
Treasury stock (common), at cost: 2020 - 9,349,944 shares; 2019 - 8,811,866 shares	`TreasuryStockValue`	$674.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-465.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-482.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.86B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.13B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$3.75B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$4.01B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$4.33B	USD	Point-in-time
Total Shareholders' Equity	`StockholdersEquity`	$3.75B	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$13.36B	USD	Point-in-time
Total Liabilities and Shareholders' Equity	`LiabilitiesAndStockholdersEquity`	$12.99B	USD	Point-in-time
Deferred Tax and Other Liabilities, Noncurrent	`DeferredTaxAndOtherLiabilitiesNoncurrent`	$715.00M	USD	Point-in-time
Deferred Tax and Other Liabilities, Noncurrent	`DeferredTaxAndOtherLiabilitiesNoncurrent`	$665.00M	USD	Point-in-time
Contract with Customer, Liability, Current	`ContractWithCustomerLiabilityCurrent`	$900.00M	USD	Point-in-time
Contract with Customer, Liability, Current	`ContractWithCustomerLiabilityCurrent`	$1.11B	USD	Point-in-time
Long-term Debt and Lease Obligation, Current	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$1.06B	USD	Point-in-time
Long-term Debt and Lease Obligation, Current	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$235.00M	USD	Point-in-time
Long-term Debt and Lease Obligation	`LongTermDebtAndCapitalLeaseObligations`	$1.20B	USD	Point-in-time
Long-term Debt and Lease Obligation	`LongTermDebtAndCapitalLeaseObligations`	$1.26B	USD	Point-in-time

Income Statement 62 line items

Line Item	Tag	Value	Unit	Period
Total Operating Revenues	`Revenues`	$1.64B	USD	1 Quarter
Total Operating Revenues	`Revenues`	$1.88B	USD	1 Quarter
Costs and Expenses, Total	`CostsAndExpenses`	$1.96B	USD	1 Quarter
Costs and Expenses, Total	`CostsAndExpenses`	$1.85B	USD	1 Quarter
Wages and benefits	`LaborAndRelatedExpense`	$557.00M	USD	1 Quarter
Wages and benefits	`LaborAndRelatedExpense`	$612.00M	USD	1 Quarter
Variable incentive pay	`OtherLaborRelatedExpenses`	$35.00M	USD	1 Quarter
Variable incentive pay	`OtherLaborRelatedExpenses`	$7.00M	USD	1 Quarter
Aircraft fuel, including hedging gains and losses	`FuelCosts`	$420.00M	USD	1 Quarter
Aircraft fuel, including hedging gains and losses	`FuelCosts`	$384.00M	USD	1 Quarter
Aircraft maintenance	`AircraftMaintenanceMaterialsAndRepairs`	$120.00M	USD	1 Quarter
Aircraft maintenance	`AircraftMaintenanceMaterialsAndRepairs`	$115.00M	USD	1 Quarter
Aircraft rent	`AircraftRental`	$83.00M	USD	1 Quarter
Aircraft rent	`AircraftRental`	$81.00M	USD	1 Quarter
Landing fees and other rentals	`LandingFeesAndOtherRentals`	$131.00M	USD	1 Quarter
Landing fees and other rentals	`LandingFeesAndOtherRentals`	$132.00M	USD	1 Quarter
Contracted services	`ProfessionalAndContractServicesExpense`	$72.00M	USD	1 Quarter
Contracted services	`ProfessionalAndContractServicesExpense`	$72.00M	USD	1 Quarter
Selling expenses	`SellingExpense`	$72.00M	USD	1 Quarter
Selling expenses	`SellingExpense`	$55.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$106.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$108.00M	USD	1 Quarter
Food and beverage service	`CostOfServicesCatering`	$49.00M	USD	1 Quarter
Food and beverage service	`CostOfServicesCatering`	$49.00M	USD	1 Quarter
Third-party regional carrier expense	`RegionalCarrierExpense`	$37.00M	USD	1 Quarter
Third-party regional carrier expense	`RegionalCarrierExpense`	$41.00M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$138.00M	USD	1 Quarter
Other	`OtherCostAndExpenseOperating`	$143.00M	USD	1 Quarter
Special items - merger-related costs	`BusinessCombinationAcquisitionRelatedCosts`	$3.00M	USD	1 Quarter
Special items - merger-related costs	`BusinessCombinationAcquisitionRelatedCosts`	$26.00M	USD	1 Quarter
Special itemsother	`Specialitemsother`	-	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$25.00M	USD	1 Quarter
Operating Income (Loss)	`OperatingIncomeLoss`	$-321.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$9.00M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$9.00M	USD	1 Quarter
Interest capitalized	`InterestCostsCapitalizedAdjustment`	$3.00M	USD	1 Quarter
Interest capitalized	`InterestCostsCapitalizedAdjustment`	$4.00M	USD	1 Quarter
Othernet	`OtherNonoperatingIncomeExpense`	$5.00M	USD	1 Quarter
Othernet	`OtherNonoperatingIncomeExpense`	$-10.00M	USD	1 Quarter
Nonoperating Income (Expense) Total	`NonoperatingIncomeExpense`	$4.00M	USD	1 Quarter
Nonoperating Income (Expense) Total	`NonoperatingIncomeExpense`	$-19.00M	USD	1 Quarter
Income (Loss) Before Income Tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-317.00M	USD	1 Quarter
Income (Loss) Before Income Tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$6.00M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$2.00M	USD	1 Quarter
Income tax (benefit) expense	`IncomeTaxExpenseBenefit`	$-85.00M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-232.00M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$4.00M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-232.00M	USD	1 Quarter
Basic Earnings Per Share (usd per share)	`EarningsPerShareBasic`	$-1.89	USD	1 Quarter
Basic Earnings Per Share (usd per share)	`EarningsPerShareBasic`	$0.03	USD	1 Quarter
Diluted Earnings Per Share (usd per share)	`EarningsPerShareDiluted`	$0.03	USD	1 Quarter
Diluted Earnings Per Share (usd per share)	`EarningsPerShareDiluted`	$-1.87	USD	1 Quarter
Basic shares (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	123.29M	shares	1 Quarter
Basic shares (shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	122.82M	shares	1 Quarter
Diluted shares (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	124.12M	shares	1 Quarter
Diluted shares (shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	123.92M	shares	1 Quarter
Special items - Impairment charges and other	`SpecialItemsImpairmentChargesAndOther`	$160.00M	USD	1 Quarter
Special items - Impairment charges and other	`SpecialItemsImpairmentChargesAndOther`	-	USD	1 Quarter
Increase (Decrease) in Contract with Customer, Liability	`IncreaseDecreaseInContractWithCustomerLiability`	$328.00M	USD	1 Quarter
Increase (Decrease) in Contract with Customer, Liability	`IncreaseDecreaseInContractWithCustomerLiability`	$210.00M	USD	1 Quarter
Interest Costs Incurred	`InterestCostsIncurred`	$22.00M	USD	1 Quarter
Interest Costs Incurred	`InterestCostsIncurred`	$13.00M	USD	1 Quarter

Cash Flow Statement 71 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$215.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$221.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$811.00M	USD	Point-in-time
Restricted cash included in Prepaid expenses and other current assets	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$10.00M	USD	Point-in-time
Restricted cash included in Prepaid expenses and other current assets	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$11.00M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$822.00M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$114.00M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$232.00M	USD	Point-in-time
Total cash, cash equivalents, and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$225.00M	USD	Point-in-time
Net Income	`NetIncomeLoss`	$-232.00M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$4.00M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$-232.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$106.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$108.00M	USD	1 Quarter
Stock-based compensation and other	`ShareBasedCompensation`	$9.00M	USD	1 Quarter
Stock-based compensation and other	`ShareBasedCompensation`	$11.00M	USD	1 Quarter
Changes in deferred tax provision	`IncreaseDecreaseInDeferredIncomeTaxes`	$-2.00M	USD	1 Quarter
Changes in deferred tax provision	`IncreaseDecreaseInDeferredIncomeTaxes`	$44.00M	USD	1 Quarter
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$41.00M	USD	1 Quarter
Increase in deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$33.00M	USD	1 Quarter
Other - net	`OtherOperatingActivitiesCashFlowStatement`	$-24.00M	USD	1 Quarter
Other - net	`OtherOperatingActivitiesCashFlowStatement`	$-211.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$33.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$468.00M	USD	1 Quarter
Aircraft and aircraft purchase deposits	`PaymentsForFlightEquipment`	$57.00M	USD	1 Quarter
Aircraft and aircraft purchase deposits	`PaymentsForFlightEquipment`	$53.00M	USD	1 Quarter
Other flight equipment	`PaymentsToAcquireOtherProductiveAssets`	$29.00M	USD	1 Quarter
Other flight equipment	`PaymentsToAcquireOtherProductiveAssets`	$35.00M	USD	1 Quarter
Other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$27.00M	USD	1 Quarter
Other property and equipment	`PaymentsToAcquireOtherPropertyPlantAndEquipment`	$33.00M	USD	1 Quarter
Total property and equipment additions, including capitalized interest	`PaymentsToAcquirePropertyPlantAndEquipment`	$115.00M	USD	1 Quarter
Total property and equipment additions, including capitalized interest	`PaymentsToAcquirePropertyPlantAndEquipment`	$119.00M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$527.00M	USD	1 Quarter
Purchases of marketable securities	`PaymentsToAcquireMarketableSecurities`	$351.00M	USD	1 Quarter
Sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$511.00M	USD	1 Quarter
Sales and maturities of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$275.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-8.00M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-5.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-127.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-186.00M	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfSecuredDebt`	$825.00M	USD	1 Quarter
Proceeds from issuance of debt	`ProceedsFromIssuanceOfSecuredDebt`	$254.00M	USD	1 Quarter
Long-term debt payments	`RepaymentsOfLongTermDebt`	$60.00M	USD	1 Quarter
Long-term debt payments	`RepaymentsOfLongTermDebt`	$393.00M	USD	1 Quarter
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$13.00M	USD	1 Quarter
Common stock repurchases	`PaymentsForRepurchaseOfCommonStock`	$31.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$43.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$45.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$24.00M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-171.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$684.00M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$590.00M	USD	1 Quarter
Net increase (decrease) in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$111.00M	USD	1 Quarter
Cash, cash equivalents, and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$822.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$114.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$232.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$225.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$822.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$114.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$232.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$225.00M	USD	Point-in-time
Interest (net of amount capitalized)	`InterestPaidNet`	$9.00M	USD	1 Quarter
Interest (net of amount capitalized)	`InterestPaidNet`	$18.00M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$215.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$221.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$811.00M	USD	Point-in-time
Restricted cash included in Prepaid expenses and other current assets	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$10.00M	USD	Point-in-time
Restricted cash included in Prepaid expenses and other current assets	`RestrictedCashAndCashEquivalentsAtCarryingValue`	$11.00M	USD	Point-in-time

Stockholders Equity 28 line items

Line Item	Tag	Value	Unit	Period
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$3.75B	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$4.01B	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$4.33B	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$3.75B	USD	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	123.00M	shares	Point-in-time
Common stock, shares outstanding (shares)	`CommonStockSharesOutstanding`	122.59M	shares	Point-in-time
Net Income (Loss)	`NetIncomeLoss`	$-232.00M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$4.00M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-232.00M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$-17.00M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$15.00M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$-17.00M	USD	1 Quarter
Stock Repurchased During Period, Value	`StockRepurchasedDuringPeriodValue`	$31.00M	USD	1 Quarter
Stock Repurchased During Period, Value	`StockRepurchasedDuringPeriodValue`	$13.00M	USD	1 Quarter
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$12.00M	USD	1 Quarter
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$9.00M	USD	1 Quarter
Dividends, Cash	`DividendsCash`	$45.00M	USD	1 Quarter
Dividends, Cash	`DividendsCash`	$43.00M	USD	1 Quarter
Cash dividend declared per share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.35	USD	1 Quarter
Cash dividend declared per share (usd per share)	`CommonStockDividendsPerShareDeclared`	$0.38	USD	1 Quarter
Stock Issued During Period, Value, Employee Stock Purchase Plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	-	USD	1 Quarter
Stock Issued During Period, Value, Employee Stock Purchase Plan	`StockIssuedDuringPeriodValueEmployeeStockPurchasePlan`	$20.00M	USD	1 Quarter
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	`StockIssuedDuringPeriodValueShareBasedCompensation`	$3.00M	USD	1 Quarter
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$3.75B	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$4.01B	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$4.33B	USD	Point-in-time
Stockholders' Equity Attributable to Parent	`StockholdersEquity`	$3.75B	USD	Point-in-time

Comprehensive Income 30 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$-232.00M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$4.00M	USD	1 Quarter
Net Income (Loss)	`NetIncomeLoss`	$-232.00M	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$-1.00M	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodBeforeTax`	$14.00M	USD	1 Quarter
Reclassification of (gain) loss into Other - net nonoperating income (expense)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax`	$3.00M	USD	1 Quarter
Reclassification of (gain) loss into Other - net nonoperating income (expense)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesBeforeTax`	$-2.00M	USD	1 Quarter
Income tax effect	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$4.00M	USD	1 Quarter
Income tax effect	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax`	$-1.00M	USD	1 Quarter
Total	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$12.00M	USD	1 Quarter
Total	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-3.00M	USD	1 Quarter
Reclassification of net pension expense into Wages and benefits and Other - net nonoperating income (expense)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$-8.00M	USD	1 Quarter
Reclassification of net pension expense into Wages and benefits and Other - net nonoperating income (expense)	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$-7.00M	USD	1 Quarter
Income tax effect	`OtherComprehensiveIncomeLossTax`	$2.00M	USD	1 Quarter
Income tax effect	`OtherComprehensiveIncomeLossTax`	$2.00M	USD	1 Quarter
Total	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-6.00M	USD	1 Quarter
Total	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-5.00M	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax`	$-25.00M	USD	1 Quarter
Unrealized holding gain (loss) arising during the period	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax`	$-5.00M	USD	1 Quarter
Reclassification of loss into Aircraft rent	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax`	$-1.00M	USD	1 Quarter
Reclassification of loss into Aircraft rent	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax`	$-1.00M	USD	1 Quarter
Income tax effect	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$-5.00M	USD	1 Quarter
Income tax effect	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$-1.00M	USD	1 Quarter
Total	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-3.00M	USD	1 Quarter
Total	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-19.00M	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-17.00M	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$15.00M	USD	1 Quarter
Other Comprehensive Income (Loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-17.00M	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$19.00M	USD	1 Quarter
Comprehensive Income (Loss)	`ComprehensiveIncomeNetOfTax`	$-249.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.