2020 Form 10-K Financial Statement

#000076642121000018 Filed on February 26, 2021

View on sec.gov

Income Statement

Concept 2020 2019 Q4 2018 Q4
Revenue $3.566B $2.228B $2.064B
YoY Change -59.39% 7.95% 6.28%
Cost Of Revenue $2.140B $969.0M $1.003B
YoY Change -44.39% -3.39% 13.85%
Gross Profit $1.426B $1.259B $1.061B
YoY Change -71.09% 18.66% 0.0%
Gross Profit Margin 39.99% 56.51% 51.41%
Selling, General & Admin $2.303B $753.0M $685.0M
YoY Change -19.08% 9.93% 3.47%
% of Gross Profit 161.5% 59.81% 64.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $420.0M $106.0M $108.0M
YoY Change -0.71% -1.85% 11.34%
% of Gross Profit 29.45% 8.42% 10.18%
Operating Expenses $5.341B $1.007B $942.0M
YoY Change -30.8% 6.9% 4.67%
Operating Profit -$1.775B $252.0M $119.0M
YoY Change -266.98% 111.76% -26.09%
Interest Expense $98.00M $2.000M -$40.00M
YoY Change 25.64% -105.0% 471.43%
% of Operating Profit 0.79% -33.61%
Other Income/Expense, Net -$65.00M -$6.000M -$3.000M
YoY Change 38.3% 100.0% -250.0%
Pretax Income -$1.840B $243.0M $36.00M
YoY Change -281.1% 575.0% -71.43%
Income Tax -$516.0M $62.00M $13.00M
% Of Pretax Income 25.51% 36.11%
Net Earnings -$1.324B $181.0M $23.00M
YoY Change -272.17% 686.96% -92.7%
Net Earnings / Revenue -37.13% 8.12% 1.11%
Basic Earnings Per Share -$10.72
Diluted Earnings Per Share -$10.72 $1.448M $184.7K
COMMON SHARES
Basic Shares Outstanding 123.5M shares 123.2M shares 123.3M shares
Diluted Shares Outstanding 123.5M shares

Balance Sheet

Concept 2020 2019 Q4 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.346B $1.521B $1.236B
YoY Change 119.99% 23.06% -23.75%
Cash & Equivalents $1.370B $221.0M $105.0M
Short-Term Investments $1.976B $1.300B $1.131B
Other Short-Term Assets $123.0M $121.0M $125.0M
YoY Change 1.65% -3.2% -6.02%
Inventory $57.00M $72.00M $60.00M
Prepaid Expenses
Receivables $480.0M $323.0M $366.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $4.006B $2.037B $1.787B
YoY Change 96.66% 13.99% -16.96%
LONG-TERM ASSETS
Property, Plant & Equipment $7.611B $6.902B $6.781B
YoY Change -11.63% 1.78% 7.91%
Goodwill $1.943B $1.943B
YoY Change 0.0% 0.0%
Intangibles $122.0M $127.0M
YoY Change -3.94% -4.51%
Long-Term Investments
YoY Change
Other Assets $379.0M $278.0M $274.0M
YoY Change 37.82% 1.46% 17.09%
Total Long-Term Assets $10.04B $10.96B $9.125B
YoY Change -8.36% 20.07% 6.18%
TOTAL ASSETS
Total Short-Term Assets $4.006B $2.037B $1.787B
Total Long-Term Assets $10.04B $10.96B $9.125B
Total Assets $14.05B $12.99B $10.91B
YoY Change 8.1% 19.07% 1.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $108.0M $146.0M $132.0M
YoY Change -26.03% 10.61% 10.0%
Accrued Expenses $1.241B $431.0M $416.0M
YoY Change 6.52% 3.61% 4.0%
Deferred Revenue $900.0M $788.0M
YoY Change 14.21%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.138B $235.0M $486.0M
YoY Change 384.26% -51.65% 58.31%
Total Short-Term Liabilities $4.293B $3.201B $2.942B
YoY Change 34.11% 8.8% 9.53%
LONG-TERM LIABILITIES
Long-Term Debt $2.357B $1.264B $1.617B
YoY Change 86.47% -21.83% -28.51%
Other Long-Term Liabilities $4.001B $232.0M $418.0M
YoY Change 14.91% -44.5% -1.65%
Total Long-Term Liabilities $6.358B $4.197B $2.602B
YoY Change 33.97% 61.3% 11.29%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.293B $3.201B $2.942B
Total Long-Term Liabilities $6.358B $4.197B $2.602B
Total Liabilities $11.06B $7.398B $5.544B
YoY Change 27.66% 33.44% 10.35%
SHAREHOLDERS EQUITY
Retained Earnings $5.133B $4.534B
YoY Change 13.21% 8.13%
Common Stock $306.0M $233.0M
YoY Change 31.33% 41.21%
Preferred Stock
YoY Change
Treasury Stock (at cost) $643.0M $568.0M
YoY Change 13.2% 9.65%
Treasury Stock Shares 8.812M shares 7.619M shares
Shareholders Equity $2.988B $4.331B $3.751B
YoY Change
Total Liabilities & Shareholders Equity $14.05B $12.99B $10.91B
YoY Change 8.1% 19.07% 1.54%

Cashflow Statement

Concept 2020 2019 Q4 2018 Q4
OPERATING ACTIVITIES
Net Income -$1.324B $181.0M $23.00M
YoY Change -272.17% 686.96% -92.7%
Depreciation, Depletion And Amortization $420.0M $106.0M $108.0M
YoY Change -0.71% -1.85% 11.34%
Cash From Operating Activities -$234.0M $341.0M $209.0M
YoY Change -113.59% 63.16% -10.3%
INVESTING ACTIVITIES
Capital Expenditures $222.0M -$169.0M -$406.0M
YoY Change -68.1% -58.37% 119.46%
Acquisitions
YoY Change
Other Investing Activities $6.000M $86.00M $108.0M
YoY Change -146.15% -20.37% -45.45%
Cash From Investing Activities -$593.0M -$83.00M -$298.0M
YoY Change -25.03% -72.15% -2392.31%
FINANCING ACTIVITIES
Cash Dividend Paid $45.00M
YoY Change -73.99%
Common Stock Issuance & Retirement, Net $31.00M
YoY Change -58.67%
Debt Paid & Issued, Net $565.0M
YoY Change -46.6%
Cash From Financing Activities $1.981B -275.0M 19.00M
YoY Change -343.67% -1547.37% -109.84%
NET CHANGE
Cash From Operating Activities -$234.0M 341.0M 209.0M
Cash From Investing Activities -$593.0M -83.00M -298.0M
Cash From Financing Activities $1.981B -275.0M 19.00M
Net Change In Cash $1.154B -17.00M -70.00M
YoY Change 877.97% -75.71% -232.08%
FREE CASH FLOW
Cash From Operating Activities -$234.0M $341.0M $209.0M
Capital Expenditures $222.0M -$169.0M -$406.0M
Free Cash Flow -$456.0M $510.0M $615.0M
YoY Change -144.44% -17.07% 47.13%

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CY2020 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
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CY2020 us-gaap Restructuring Charges
RestructuringCharges
220000000 USD
CY2020Q4 us-gaap Restructuring Reserve
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CY2020 alk Aircraft Purchase Deposit Write Off
AircraftPurchaseDepositWriteOff
15000000 USD
CY2020 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
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CY2020 alk Special Items Impairment Charges And Other
SpecialItemsImpairmentChargesAndOther
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CY2020Q4 alk Total Expected Relief From Psp Of Cares Act
TotalExpectedReliefFromPSPOfCARESAct
1100000000 USD
CY2020Q4 alk Unsecured Term Loan Through Psp Of Cares Act
UnsecuredTermLoanThroughPSPOfCARESAct
290000000 USD
CY2020 alk Proceeds From Payroll Support Program Grant
ProceedsFromPayrollSupportProgramGrant
753000000 USD
CY2020 alk Proceeds From Payroll Support Program Grant
ProceedsFromPayrollSupportProgramGrant
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CY2020 alk Cares Act Payroll Tax Relief
CARESActPayrollTaxRelief
29000000 USD
CY2020Q4 us-gaap Credit Card Receivables
CreditCardReceivables
83000000 USD
CY2019Q4 us-gaap Credit Card Receivables
CreditCardReceivables
212000000 USD
CY2020 alk Numberof Partner A Irlines
NumberofPartnerAIrlines
17 agreement
CY2020 alk Percentof Mileage Breakage
PercentofMileageBreakage
0.174
CY2020 us-gaap Deferred Revenue Refund Payments1
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CY2020 alk Covid19 Related Credits Issued
COVID19RelatedCreditsIssued
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CY2020Q4 alk Covid19 Credits Issued Balance
COVID19CreditsIssuedBalance
569000000 USD
CY2020 us-gaap Costs And Expenses
CostsAndExpenses
43000000 USD
CY2019 us-gaap Costs And Expenses
CostsAndExpenses
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CY2018 us-gaap Costs And Expenses
CostsAndExpenses
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CY2020 us-gaap Payments For Proceeds From Hedge Investing Activities
PaymentsForProceedsFromHedgeInvestingActivities
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CY2019 us-gaap Payments For Proceeds From Hedge Investing Activities
PaymentsForProceedsFromHedgeInvestingActivities
19000000 USD
CY2018 us-gaap Payments For Proceeds From Hedge Investing Activities
PaymentsForProceedsFromHedgeInvestingActivities
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CY2020Q4 us-gaap Available For Sale Securities Amortized Cost
AvailableForSaleSecuritiesAmortizedCost
1900000000 USD
CY2020 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
2300000000 USD
CY2019 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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CY2018 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCostBasis
775000000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
777000000 USD
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AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCostBasis
1146000000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
1175000000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Amortized Cost Basis
AvailableForSaleSecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCostBasis
23000000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Maturities Rolling Year Six Through Ten Fair Value
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24000000 USD
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1944000000 USD
CY2020Q4 us-gaap Available For Sale Securities Debt Securities
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CY2020Q4 alk Unsecured Term Loan Through Psp Of Cares Act
UnsecuredTermLoanThroughPSPOfCARESAct
290000000 USD
CY2019Q4 alk Unsecured Term Loan Through Psp Of Cares Act
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CY2020Q4 us-gaap Deferred Finance Costs Net
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CY2019Q4 us-gaap Deferred Finance Costs Net
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CY2019Q4 us-gaap Long Term Debt
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CY2020Q4 us-gaap Long Term Debt Current
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CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
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CY2020Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
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CY2020Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
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CY2019Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
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CY2020Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
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CY2019Q4 us-gaap Long Term Debt Percentage Bearing Variable Interest Rate
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CY2020Q4 us-gaap Longterm Debt Weighted Average Interest Rate
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CY2020 us-gaap Debt Instrument Increase Decrease For Period Net
DebtInstrumentIncreaseDecreaseForPeriodNet
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CY2020 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
2600000000 USD
CY2020 us-gaap Proceeds From Lines Of Credit
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400000000 USD
CY2020 us-gaap Repayments Of Long Term Debt
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CY2020 us-gaap Repayments Of Debt
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CY2020Q4 alk Unsecured Term Loan Through Psp Of Cares Act
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290000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
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LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
334000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
240000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
396000000 USD
CY2020Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
1042000000 USD
CY2020Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
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CY2020Q4 alk Line Of Credit Facility Number Of Credit Facilities
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CY2020Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
461000000 USD
CY2020Q4 alk Line Of Credit Facility Number Of Credit Facilities
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CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
400000000 USD
CY2020 us-gaap Line Of Credit Facility Periodic Payment Principal
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37000000 USD
CY2020Q4 alk Line Of Credit Facility Number Of Credit Facilities
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CY2020Q4 us-gaap Operating Lease Right Of Use Asset
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CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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SubleaseIncome
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CY2019 us-gaap Sublease Income
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CY2020Q4 us-gaap Lessor Operating Lease Lease Not Yet Commenced Assumption And Judgment Value Of Underlying Asset Amount
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453000000 USD
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
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CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
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CY2020 us-gaap Sublease Income
SubleaseIncome
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CY2019 us-gaap Sublease Income
SubleaseIncome
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LeaseCost
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CY2019 us-gaap Lease Cost
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LeaseAndRentalExpense
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DeferredTaxLiabilitiesOther
58000000 USD
CY2020Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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CY2019Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
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CY2020Q4 alk Deferred Tax Assets Mileage Plan
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DeferredTaxLiabilitiesPropertyPlantAndEquipment
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15000000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
16000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other Finite Lived Assets
DeferredTaxLiabilitiesOtherFiniteLivedAssets
342000000 USD
CY2019Q4 us-gaap Deferred Tax Liabilities Other Finite Lived Assets
DeferredTaxLiabilitiesOtherFiniteLivedAssets
416000000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
106000000 USD
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CY2019Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
15000000 USD
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
215000000 USD
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DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
179000000 USD
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DeferredTaxAssetsOperatingLossCarryforwards
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DeferredTaxAssetsOperatingLossCarryforwards
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CY2020Q4 alk Deferred Tax Assets Leasing Arrangement
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DeferredTaxAssetsLeasingArrangement
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DeferredTaxAssetsLeaseholdMaintenance
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CY2020Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
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CY2019Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
48000000 USD
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DeferredTaxAssetsGross
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CY2019Q4 us-gaap Deferred Tax Assets Gross
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OperatingLossCarryforwardsValuationAllowance
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CY2019Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
OperatingLossCarryforwardsValuationAllowance
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CY2020Q4 us-gaap Deferred Tax Liabilities
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CY2019Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
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CY2020Q4 us-gaap Operating Loss Carryforwards Valuation Allowance
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19000000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
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CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
26000000 USD
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CurrentFederalTaxExpenseBenefit
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CurrentStateAndLocalTaxExpenseBenefit
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CurrentStateAndLocalTaxExpenseBenefit
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CurrentStateAndLocalTaxExpenseBenefit
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CurrentIncomeTaxExpenseBenefit
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CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
39000000 USD
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
175000000 USD
CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
125000000 USD
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DeferredStateAndLocalIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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33000000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
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19000000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
208000000 USD
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
144000000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
247000000 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
148000000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
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CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1016000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
585000000 USD
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
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CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
213000000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
123000000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
9000000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
9000000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
9000000 USD
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
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CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
36000000 USD
CY2018 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
21000000 USD
CY2020 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2018 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2020 alk Effective Income Tax Rate Reconciliation Stateand Local Income Sourcing Amount
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18000000 USD
CY2019 alk Effective Income Tax Rate Reconciliation Stateand Local Income Sourcing Amount
EffectiveIncomeTaxRateReconciliationStateandLocalIncomeSourcingAmount
0 USD
CY2018 alk Effective Income Tax Rate Reconciliation Stateand Local Income Sourcing Amount
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CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
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CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
IncomeTaxReconciliationOtherReconcilingItems
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CY2020 us-gaap Income Tax Expense Benefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2018 us-gaap Income Tax Expense Benefit
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148000000 USD
CY2020 us-gaap Effective Income Tax Rate Continuing Operations
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CY2019 us-gaap Effective Income Tax Rate Continuing Operations
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0.243
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
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CY2019 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
IncomeTaxReconciliationChangeInEnactedTaxRate
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CY2020 us-gaap Income Tax Reconciliation Change In Enacted Tax Rate
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CY2018 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2020Q4 us-gaap Unrecognized Tax Benefits
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CY2019Q4 us-gaap Unrecognized Tax Benefits
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40000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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40000000 USD
CY2020Q4 us-gaap Unrecognized Tax Benefits
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CY2020Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
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29000000 USD
CY2020Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
6000000 USD
CY2019Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
7000000 USD
CY2019Q4 us-gaap Unrecognized Tax Benefits
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40000000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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40000000 USD
CY2017Q4 us-gaap Unrecognized Tax Benefits
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43000000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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1000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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1000000 USD
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1000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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1000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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4000000 USD
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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2000000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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4000000 USD
CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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1000000 USD
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6000000 USD
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IncomeTaxExaminationPenaltiesAndInterestExpense
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IncomeTaxExaminationPenaltiesAndInterestExpense
1000000 USD
CY2018 us-gaap Income Tax Examination Penalties And Interest Expense
IncomeTaxExaminationPenaltiesAndInterestExpense
1000000 USD
CY2020 alk Numberof Qualified Defined Benefit Plans
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4 plan
CY2020 alk Numberof Non Qualified Defined Benefit Plans
NumberofNonQualifiedDefinedBenefitPlans
1 plan
CY2020 alk Numberof Defined Contribution Plans
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7 plan
CY2020 alk Numberof Qualified Defined Benefit Plans
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4 plan
CY2020Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Projected Benefit Obligation
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2207000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Projected Benefit Obligation
DefinedBenefitPlanPensionPlanWithProjectedBenefitObligationInExcessOfPlanAssetsProjectedBenefitObligation
1957000000 USD
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DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
1710000000 USD
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1545000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Projected Benefit Obligation
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2207000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Pension Plan With Projected Benefit Obligation In Excess Of Plan Assets Projected Benefit Obligation
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1957000000 USD
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2057000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
1539000000 USD
CY2020Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
1710000000 USD
CY2019Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
1545000000 USD
CY2020 us-gaap Defined Benefit Plan Special Termination Benefits
DefinedBenefitPlanSpecialTerminationBenefits
11000000 USD
CY2019 us-gaap Defined Benefit Plan Special Termination Benefits
DefinedBenefitPlanSpecialTerminationBenefits
0 USD
CY2018 us-gaap Defined Benefit Plan Special Termination Benefits
DefinedBenefitPlanSpecialTerminationBenefits
0 USD
CY2020 alk Numberof Defined Contribution Plans
NumberofDefinedContributionPlans
7 plan
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
126000000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
132000000 USD
CY2018 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
126000000 USD
CY2020 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
130000000 USD
CY2019 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
163000000 USD
CY2018 us-gaap Other Labor Related Expenses
OtherLaborRelatedExpenses
147000000 USD
CY2020 alk Quarterly Payout To Employee Under Employee Incentive Plan Maximum
QuarterlyPayoutToEmployeeUnderEmployeeIncentivePlanMaximum
450 USD
CY2020 alk Quarterly Payout To Employee Under Employee Incentive Plan Maximum
QuarterlyPayoutToEmployeeUnderEmployeeIncentivePlanMaximum
450 USD
CY2020Q4 alk Lax Redevelopment Project Total Expected Outlay
LAXRedevelopmentProjectTotalExpectedOutlay
230000000 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
24000000 USD
alk Lax Construction Amount Reimbursed
LAXConstructionAmountReimbursed
8700000 USD
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.375
CY2020 us-gaap Payments Of Dividends
PaymentsOfDividends
45000000 USD
CY2019 us-gaap Payments Of Dividends
PaymentsOfDividends
173000000 USD
CY2018 us-gaap Payments Of Dividends
PaymentsOfDividends
158000000 USD
CY2020Q4 alk Class Of Warrant Or Right Number Of Warrants Authorized
ClassOfWarrantOrRightNumberOfWarrantsAuthorized
6099336 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
23000000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
AccumulatedOtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
9000000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
498000000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Defined Benefit Pension And Other Postretirement Plans Net Of Tax
AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax
469000000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-19000000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-5000000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-494000000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-465000000 USD
CY2020 alk Special Items Impairment Charges And Other
SpecialItemsImpairmentChargesAndOther
627000000 USD
CY2020 us-gaap Restructuring Charges
RestructuringCharges
220000000 USD
CY2020 alk Special Items Net Non Operating
SpecialItemsNetNonOperating
-26000000 USD
CY2019 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
44000000 USD
CY2018 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
87000000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
370000000 USD
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
34000000 USD
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
36000000 USD
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
36000000 USD
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
8000000 USD
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9000000 USD
CY2018 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
9000000 USD
CY2020Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
36000000 USD
CY2020 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P1Y8M12D
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
17000000 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
5893374 shares
CY2020 us-gaap Revenues
Revenues
3566000000 USD
CY2020 alk Operating Expenses Excluding Fuel
OperatingExpensesExcludingFuel
4618000000 USD
CY2020 us-gaap Fuel Costs
FuelCosts
723000000 USD
CY2020 us-gaap Operating Expenses
OperatingExpenses
5341000000 USD
CY2020 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-65000000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-1840000000 USD
CY2019 us-gaap Revenues
Revenues
8781000000 USD
CY2019 alk Operating Expenses Excluding Fuel
OperatingExpensesExcludingFuel
5840000000 USD
CY2019 us-gaap Fuel Costs
FuelCosts
1878000000 USD
CY2019 us-gaap Operating Expenses
OperatingExpenses
7718000000 USD
CY2019 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-47000000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1016000000 USD
CY2018 us-gaap Revenues
Revenues
8264000000 USD
CY2018 alk Operating Expenses Excluding Fuel
OperatingExpensesExcludingFuel
5685000000 USD
CY2018 us-gaap Fuel Costs
FuelCosts
1936000000 USD
CY2018 us-gaap Operating Expenses
OperatingExpenses
7621000000 USD
CY2018 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-58000000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
585000000 USD
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
420000000 USD
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
423000000 USD
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
398000000 USD
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
206000000 USD
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
696000000 USD
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
960000000 USD
CY2020Q4 us-gaap Assets
Assets
14046000000 USD
CY2019Q4 us-gaap Assets
Assets
12993000000 USD
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
5893374 shares

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