2018 Q2 Form 10-Q Financial Statement

#000009238018000110 Filed on August 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2 2017 Q1
Revenue $5.742B $5.731B $4.854B
YoY Change 0.19% 6.45% 0.58%
Cost Of Revenue $1.586B $1.409B $1.323B
YoY Change 12.56% 10.86% 9.07%
Gross Profit $4.156B $4.322B $3.531B
YoY Change -3.84% 5.08% -2.27%
Gross Profit Margin 72.38% 75.41% 72.74%
Selling, General & Admin $2.201B $2.114B $1.973B
YoY Change 4.12% 10.16% 9.55%
% of Gross Profit 52.96% 48.91% 55.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $292.0M $319.0M $318.0M
YoY Change -8.46% 7.05% 9.66%
% of Gross Profit 7.03% 7.38% 9.01%
Operating Expenses $4.770B $4.516B $4.248B
YoY Change 5.62% 9.93% 9.43%
Operating Profit $972.0M $1.215B $606.0M
YoY Change -20.0% -4.78% -35.81%
Interest Expense $33.00M $27.00M $29.00M
YoY Change 22.22% -15.63% -3.33%
% of Operating Profit 3.4% 2.22% 4.79%
Other Income/Expense, Net -$12.00M -$50.00M -$74.00M
YoY Change -76.0% -278.57% -42.19%
Pretax Income $960.0M $1.165B $532.0M
YoY Change -17.6% -10.66% -34.8%
Income Tax $227.0M $422.0M $193.0M
% Of Pretax Income 23.65% 36.22% 36.28%
Net Earnings $733.0M $743.0M $339.0M
YoY Change -1.35% -9.39% -33.92%
Net Earnings / Revenue 12.77% 12.96% 6.98%
Basic Earnings Per Share $1.27 $1.23 $0.55
Diluted Earnings Per Share $1.27 $1.23 $0.55
COMMON SHARES
Basic Shares Outstanding 578.0M shares 604.0M shares 613.0M shares
Diluted Shares Outstanding 579.0M shares 605.0M shares 614.0M shares

Balance Sheet

Concept 2018 Q2 2017 Q2 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.686B $3.152B $3.482B
YoY Change 16.94% -7.7% -2.79%
Cash & Equivalents $2.114B $1.537B $1.851B
Short-Term Investments $1.572B $1.615B $1.631B
Other Short-Term Assets $498.0M $250.0M $235.0M
YoY Change 99.2% 23.76% 22.4%
Inventory $459.0M $365.0M $356.0M
Prepaid Expenses
Receivables $765.0M $576.0M $585.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.408B $4.343B $4.658B
YoY Change 24.52% -2.82% 1.84%
LONG-TERM ASSETS
Property, Plant & Equipment $19.07B $17.68B $17.29B
YoY Change 7.85% 8.5% 8.28%
Goodwill $970.0M $970.0M $970.0M
YoY Change 0.0% 0.0% 0.0%
Intangibles $406.0M $419.0M $423.0M
YoY Change -3.1% -3.46% -8.04%
Long-Term Investments
YoY Change
Other Assets $1.021B $929.0M $849.0M
YoY Change 9.9% 30.11% 15.83%
Total Long-Term Assets $21.06B $19.58B $19.11B
YoY Change 7.55% 8.9% 8.14%
TOTAL ASSETS
Total Short-Term Assets $5.408B $4.343B $4.658B
Total Long-Term Assets $21.06B $19.58B $19.11B
Total Assets $26.47B $23.92B $23.76B
YoY Change 10.64% 6.57% 6.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.338B $1.217B $1.214B
YoY Change 9.94% -2.41% 5.29%
Accrued Expenses $1.361B $1.561B $1.947B
YoY Change -12.81% -16.48% -21.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $365.0M $307.0M $285.0M
YoY Change 18.89% -68.12% -70.09%
Total Short-Term Liabilities $7.716B $7.097B $7.458B
YoY Change 8.72% -9.4% -9.63%
LONG-TERM LIABILITIES
Long-Term Debt $3.220B $2.892B $2.896B
YoY Change 11.34% 14.04% 15.38%
Other Long-Term Liabilities $692.0M $708.0M $703.0M
YoY Change -2.26% 3.96% 0.0%
Total Long-Term Liabilities $692.0M $708.0M $703.0M
YoY Change -2.26% 3.96% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.716B $7.097B $7.458B
Total Long-Term Liabilities $692.0M $708.0M $703.0M
Total Liabilities $8.408B $7.805B $8.161B
YoY Change 7.73% -8.33% -8.88%
SHAREHOLDERS EQUITY
Retained Earnings $14.88B $12.38B $11.71B
YoY Change 20.2% 16.43% 18.6%
Common Stock $2.277B $2.230B $2.227B
YoY Change 2.11% 1.78% 1.46%
Preferred Stock
YoY Change
Treasury Stock (at cost) $7.456B $5.815B $5.419B
YoY Change 28.22% 32.98% 47.38%
Treasury Stock Shares
Shareholders Equity $9.997B $8.530B $8.204B
YoY Change
Total Liabilities & Shareholders Equity $26.47B $23.92B $23.76B
YoY Change 10.64% 6.57% 6.84%

Cashflow Statement

Concept 2018 Q2 2017 Q2 2017 Q1
OPERATING ACTIVITIES
Net Income $733.0M $743.0M $339.0M
YoY Change -1.35% -9.39% -33.92%
Depreciation, Depletion And Amortization $292.0M $319.0M $318.0M
YoY Change -8.46% 7.05% 9.66%
Cash From Operating Activities $1.631B $746.0M $1.625B
YoY Change 118.63% -32.91% 0.56%
INVESTING ACTIVITIES
Capital Expenditures -$537.0M -$599.0M -$463.0M
YoY Change -10.35% 22.75% 3.12%
Acquisitions
YoY Change
Other Investing Activities -$156.0M $0.00 -$7.000M
YoY Change -100.0% -102.55%
Cash From Investing Activities -$694.0M -$584.0M -$470.0M
YoY Change 18.84% -13.35% 168.57%
FINANCING ACTIVITIES
Cash Dividend Paid $93.00M $76.00M $123.0M
YoY Change 22.37% 20.63% 28.13%
Common Stock Issuance & Retirement, Net $500.0M $400.0M $550.0M
YoY Change 25.0% -42.86% 10.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$645.0M -$476.0M -$984.0M
YoY Change 35.5% -39.44% 54.72%
NET CHANGE
Cash From Operating Activities $1.631B $746.0M $1.625B
Cash From Investing Activities -$694.0M -$584.0M -$470.0M
Cash From Financing Activities -$645.0M -$476.0M -$984.0M
Net Change In Cash $292.0M -$314.0M $171.0M
YoY Change -192.99% -9.77% -78.76%
FREE CASH FLOW
Cash From Operating Activities $1.631B $746.0M $1.625B
Capital Expenditures -$537.0M -$599.0M -$463.0M
Free Cash Flow $2.168B $1.345B $2.088B
YoY Change 61.19% -15.94% 1.11%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
dei Document Period End Date
DocumentPeriodEndDate
2018-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000092380
CY2018Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
573019190 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
SOUTHWEST AIRLINES CO
luv Air Traffic Liability Current Period Sales
AirTrafficLiabilityCurrentPeriodSales
10853000000 USD
luv Air Traffic Liability Current Period Sales
AirTrafficLiabilityCurrentPeriodSales
10927000000 USD
CY2017Q4 luv Air Traffic Liability Loyalty Program
AirTrafficLiabilityLoyaltyProgram
2667000000 USD
CY2018Q2 luv Air Traffic Liability Loyalty Program
AirTrafficLiabilityLoyaltyProgram
2919000000 USD
CY2017Q4 luv Air Traffic Liability Passenger Revenueand Ancillary Passenger Services
AirTrafficLiabilityPassengerRevenueandAncillaryPassengerServices
1898000000 USD
CY2018Q2 luv Air Traffic Liability Passenger Revenueand Ancillary Passenger Services
AirTrafficLiabilityPassengerRevenueandAncillaryPassengerServices
2611000000 USD
luv Air Traffic Liability Revenueamountsinbeginningbalance
AirTrafficLiabilityRevenueamountsinbeginningbalance
-2370000000 USD
luv Air Traffic Liability Revenueamountsinbeginningbalance
AirTrafficLiabilityRevenueamountsinbeginningbalance
-2613000000 USD
luv Air Traffic Liability Revenuefrom Current Period Sales
AirTrafficLiabilityRevenuefromCurrentPeriodSales
-7562000000 USD
luv Air Traffic Liability Revenuefrom Current Period Sales
AirTrafficLiabilityRevenuefromCurrentPeriodSales
-7349000000 USD
CY2016Q4 luv Air Traffic Liability Total
AirTrafficLiabilityTotal
4221000000 USD
CY2017Q2 luv Air Traffic Liability Total
AirTrafficLiabilityTotal
5142000000 USD
CY2017Q4 luv Air Traffic Liability Total
AirTrafficLiabilityTotal
4565000000 USD
CY2018Q2 luv Air Traffic Liability Total
AirTrafficLiabilityTotal
5530000000 USD
CY2017Q4 luv Aircraft Maintenance Payable
AircraftMaintenancePayable
38000000 USD
CY2018Q2 luv Aircraft Maintenance Payable
AircraftMaintenancePayable
54000000 USD
CY2017Q4 luv Assets Constructed For Others
AssetsConstructedForOthers
1543000000 USD
CY2018Q2 luv Assets Constructed For Others
AssetsConstructedForOthers
1664000000 USD
CY2017Q4 luv Assets Constructed For Others Net
AssetsConstructedForOthersNet
1448000000 USD
CY2018Q2 luv Assets Constructed For Others Net
AssetsConstructedForOthersNet
1553000000 USD
CY2017Q2 luv Assets Constructedfor Others During Period
AssetsConstructedforOthersDuringPeriod
38000000 USD
luv Assets Constructedfor Others During Period
AssetsConstructedforOthersDuringPeriod
87000000 USD
CY2018Q2 luv Assets Constructedfor Others During Period
AssetsConstructedforOthersDuringPeriod
40000000 USD
luv Assets Constructedfor Others During Period
AssetsConstructedforOthersDuringPeriod
80000000 USD
CY2018Q2 luv Cash Collateral Percent Of Fair Value Fuel Derivatives Contracts
CashCollateralPercentOfFairValueFuelDerivativesContracts
1
CY2017Q4 luv Construction Obligation Noncurrent
ConstructionObligationNoncurrent
1390000000 USD
CY2018Q2 luv Construction Obligation Noncurrent
ConstructionObligationNoncurrent
1613000000 USD
CY2017Q4 luv Derivative Asset Fair Value Amount Offset Against Collateral Total
DerivativeAssetFairValueAmountOffsetAgainstCollateralTotal
136000000 USD
CY2018Q2 luv Derivative Asset Fair Value Amount Offset Against Collateral Total
DerivativeAssetFairValueAmountOffsetAgainstCollateralTotal
275000000 USD
CY2017Q4 luv Fuel Payable
FuelPayable
123000000 USD
CY2018Q2 luv Fuel Payable
FuelPayable
95000000 USD
CY2017Q2 luv Increase Decrease In Certain Assets And Liabilities Net
IncreaseDecreaseInCertainAssetsAndLiabilitiesNet
-440000000 USD
luv Increase Decrease In Certain Assets And Liabilities Net
IncreaseDecreaseInCertainAssetsAndLiabilitiesNet
454000000 USD
CY2018Q2 luv Letterof Credit Percentof Collateral
LetterofCreditPercentofCollateral
1
CY2018Q2 luv Maximum Sum Of Derivatives Of Counterparty To Be Included In Other
MaximumSumOfDerivativesOfCounterpartyToBeIncludedInOther
20000000 USD
CY2018Q2 luv Net Present Value Aircraft Operating Leases
NetPresentValueAircraftOperatingLeases
850000000 USD
CY2017Q4 luv Noncurrent Lease Related Obligations
NoncurrentLeaseRelatedObligations
85000000 USD
CY2018Q2 luv Noncurrent Lease Related Obligations
NoncurrentLeaseRelatedObligations
65000000 USD
CY2017Q2 luv Other Revenue Recognized From Points Redeemed
OtherRevenueRecognizedFromPointsRedeemed
-4000000 USD
luv Other Revenue Recognized From Points Redeemed
OtherRevenueRecognizedFromPointsRedeemed
-7000000 USD
CY2018Q2 luv Other Revenue Recognized From Points Redeemed
OtherRevenueRecognizedFromPointsRedeemed
-11000000 USD
luv Other Revenue Recognized From Points Redeemed
OtherRevenueRecognizedFromPointsRedeemed
-18000000 USD
CY2017Q2 luv Passenger Revenue Recognized From Points Redeemed
PassengerRevenueRecognizedFromPointsRedeemed
-602000000 USD
luv Passenger Revenue Recognized From Points Redeemed
PassengerRevenueRecognizedFromPointsRedeemed
-1108000000 USD
CY2018Q2 luv Passenger Revenue Recognized From Points Redeemed
PassengerRevenueRecognizedFromPointsRedeemed
-588000000 USD
luv Passenger Revenue Recognized From Points Redeemed
PassengerRevenueRecognizedFromPointsRedeemed
-1079000000 USD
CY2018Q2 luv Percentageofactualconsumptionhedged
Percentageofactualconsumptionhedged
0.76
luv Percentageofactualconsumptionhedged
Percentageofactualconsumptionhedged
0.80
CY2017Q4 luv Permanentlygroundedaircraftliabilitycurrent
Permanentlygroundedaircraftliabilitycurrent
34000000 USD
CY2018Q2 luv Permanentlygroundedaircraftliabilitycurrent
Permanentlygroundedaircraftliabilitycurrent
5000000 USD
CY2017Q4 luv Permanentlygroundedaircraftliabilitynoncurrent
Permanentlygroundedaircraftliabilitynoncurrent
13000000 USD
CY2018Q2 luv Permanentlygroundedaircraftliabilitynoncurrent
Permanentlygroundedaircraftliabilitynoncurrent
5000000 USD
CY2017Q2 luv Reimbursementforairportconstruction
Reimbursementforairportconstruction
47000000 USD
luv Reimbursementforairportconstruction
Reimbursementforairportconstruction
97000000 USD
CY2018Q2 luv Reimbursementforairportconstruction
Reimbursementforairportconstruction
17000000 USD
luv Reimbursementforairportconstruction
Reimbursementforairportconstruction
157000000 USD
CY2017Q2 luv Repayments Of Construction Obligation
RepaymentsOfConstructionObligation
2000000 USD
luv Repayments Of Construction Obligation
RepaymentsOfConstructionObligation
5000000 USD
CY2018Q2 luv Repayments Of Construction Obligation
RepaymentsOfConstructionObligation
7000000 USD
luv Repayments Of Construction Obligation
RepaymentsOfConstructionObligation
15000000 USD
CY2017Q2 luv Revenue Amounts Deferred Associated With Points Awarded
RevenueAmountsDeferredAssociatedWithPointsAwarded
632000000 USD
luv Revenue Amounts Deferred Associated With Points Awarded
RevenueAmountsDeferredAssociatedWithPointsAwarded
1216000000 USD
CY2018Q2 luv Revenue Amounts Deferred Associated With Points Awarded
RevenueAmountsDeferredAssociatedWithPointsAwarded
719000000 USD
luv Revenue Amounts Deferred Associated With Points Awarded
RevenueAmountsDeferredAssociatedWithPointsAwarded
1349000000 USD
CY2017Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
662000000 USD
CY2018Q2 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
765000000 USD
CY2017Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
1320000000 USD
CY2018Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
1338000000 USD
CY2017Q4 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
569000000 USD
CY2018Q2 us-gaap Accounts Payable Other Current
AccountsPayableOtherCurrent
417000000 USD
CY2017Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
186000000 USD
CY2018Q2 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
280000000 USD
CY2017Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
57000000 USD
CY2018Q2 us-gaap Accrual For Taxes Other Than Income Taxes Current
AccrualForTaxesOtherThanIncomeTaxesCurrent
72000000 USD
CY2017Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
83000000 USD
CY2018Q2 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
96000000 USD
CY2017Q4 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
100000000 USD
CY2018Q2 us-gaap Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
97000000 USD
CY2017Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1700000000 USD
CY2018Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1361000000 USD
CY2017Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
40000000 USD
CY2018Q2 us-gaap Accrued Rent Current
AccruedRentCurrent
39000000 USD
CY2017Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
201000000 USD
CY2018Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
215000000 USD
CY2017Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
365000000 USD
CY2018Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
383000000 USD
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9690000000 USD
CY2018Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9166000000 USD
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
12000000 USD
CY2018Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
298000000 USD
CY2017Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1451000000 USD
CY2018Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
1469000000 USD
CY2017Q2 us-gaap Aircraft Maintenance Materials And Repairs
AircraftMaintenanceMaterialsAndRepairs
251000000 USD
us-gaap Aircraft Maintenance Materials And Repairs
AircraftMaintenanceMaterialsAndRepairs
494000000 USD
CY2018Q2 us-gaap Aircraft Maintenance Materials And Repairs
AircraftMaintenanceMaterialsAndRepairs
274000000 USD
us-gaap Aircraft Maintenance Materials And Repairs
AircraftMaintenanceMaterialsAndRepairs
531000000 USD
CY2017Q2 us-gaap Aircraft Rental
AircraftRental
53000000 USD
us-gaap Aircraft Rental
AircraftRental
107000000 USD
CY2018Q2 us-gaap Aircraft Rental
AircraftRental
40000000 USD
us-gaap Aircraft Rental
AircraftRental
80000000 USD
CY2017Q4 us-gaap Airline Related Inventory
AirlineRelatedInventory
420000000 USD
CY2018Q2 us-gaap Airline Related Inventory
AirlineRelatedInventory
459000000 USD
CY2017Q4 us-gaap Assets
Assets
25110000000 USD
CY2018Q2 us-gaap Assets
Assets
26465000000 USD
CY2017Q4 us-gaap Assets Current
AssetsCurrent
4815000000 USD
CY2018Q2 us-gaap Assets Current
AssetsCurrent
5408000000 USD
CY2017Q2 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
65000000 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
104000000 USD
CY2018Q2 us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
0 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
14000000 USD
CY2017Q4 us-gaap Capital Leases Future Minimum Payments Receivable
CapitalLeasesFutureMinimumPaymentsReceivable
76000000 USD
CY2018Q2 us-gaap Capital Leases Future Minimum Payments Receivable
CapitalLeasesFutureMinimumPaymentsReceivable
68000000 USD
CY2017Q2 us-gaap Cargo And Freight Revenue
CargoAndFreightRevenue
44000000 USD
us-gaap Cargo And Freight Revenue
CargoAndFreightRevenue
86000000 USD
CY2018Q2 us-gaap Cargo And Freight Revenue
CargoAndFreightRevenue
44000000 USD
us-gaap Cargo And Freight Revenue
CargoAndFreightRevenue
87000000 USD
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1680000000 USD
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1851000000 USD
CY2017Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1537000000 USD
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1495000000 USD
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1822000000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2114000000 USD
CY2017Q2 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-314000000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-143000000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
292000000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
619000000 USD
CY2017Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.125
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.225
CY2018Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.160
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.285
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
808000000 USD
CY2018Q2 us-gaap Common Stock Value
CommonStockValue
808000000 USD
CY2017Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
792000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1142000000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
953000000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1499000000 USD
CY2017Q4 us-gaap Deferred Air Traffic Revenue
DeferredAirTrafficRevenue
3495000000 USD
CY2018Q2 us-gaap Deferred Air Traffic Revenue
DeferredAirTrafficRevenue
4652000000 USD
CY2017Q4 us-gaap Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
579000000 USD
CY2018Q2 us-gaap Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
299000000 USD
CY2017Q4 us-gaap Deferred Gain Loss On Discontinuation Of Interest Rate Fair Value Hedge
DeferredGainLossOnDiscontinuationOfInterestRateFairValueHedge
22000000 USD
CY2018Q2 us-gaap Deferred Gain Loss On Discontinuation Of Interest Rate Fair Value Hedge
DeferredGainLossOnDiscontinuationOfInterestRateFairValueHedge
20000000 USD
CY2016Q4 us-gaap Deferred Revenue
DeferredRevenue
2485000000 USD
CY2017Q1 us-gaap Deferred Revenue
DeferredRevenue
2560000000 USD
CY2017Q2 us-gaap Deferred Revenue
DeferredRevenue
2586000000 USD
CY2017Q4 us-gaap Deferred Revenue
DeferredRevenue
2667000000 USD
CY2018Q1 us-gaap Deferred Revenue
DeferredRevenue
2799000000 USD
CY2018Q2 us-gaap Deferred Revenue
DeferredRevenue
2919000000 USD
CY2017Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
2119000000 USD
CY2018Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
2414000000 USD
CY2017Q4 us-gaap Deposits On Flight Equipment
DepositsOnFlightEquipment
919000000 USD
CY2018Q2 us-gaap Deposits On Flight Equipment
DepositsOnFlightEquipment
858000000 USD
CY2017Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
319000000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
637000000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
382000000 USD
CY2018Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
170000000 USD
CY2018Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
292000000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
569000000 USD
CY2017Q2 us-gaap Derivative Cost Of Hedge
DerivativeCostOfHedge
34000000 USD
us-gaap Derivative Cost Of Hedge
DerivativeCostOfHedge
68000000 USD
CY2018Q2 us-gaap Derivative Cost Of Hedge
DerivativeCostOfHedge
34000000 USD
us-gaap Derivative Cost Of Hedge
DerivativeCostOfHedge
67000000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
283000000 USD
CY2018Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
601000000 USD
CY2017Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
57000000 USD
CY2018Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
29000000 USD
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.78
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.27
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.05
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.77
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.27
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.05
CY2018Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisGainLossIncludedInOtherComprehensiveIncomeLoss
298000000 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Gain Loss Included In Other Comprehensive Income Loss
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisGainLossIncludedInOtherComprehensiveIncomeLoss
399000000 USD
CY2017Q4 us-gaap Flight Equipment Gross
FlightEquipmentGross
21368000000 USD
CY2018Q2 us-gaap Flight Equipment Gross
FlightEquipmentGross
21084000000 USD
CY2017Q4 us-gaap Frequent Flier Liability Noncurrent
FrequentFlierLiabilityNoncurrent
1070000000 USD
CY2018Q2 us-gaap Frequent Flier Liability Noncurrent
FrequentFlierLiabilityNoncurrent
878000000 USD
CY2017Q2 us-gaap Fuel Costs
FuelCosts
1024000000 USD
us-gaap Fuel Costs
FuelCosts
1979000000 USD
CY2018Q2 us-gaap Fuel Costs
FuelCosts
1202000000 USD
us-gaap Fuel Costs
FuelCosts
2220000000 USD
CY2017Q4 us-gaap Goodwill
Goodwill
970000000 USD
CY2018Q2 us-gaap Goodwill
Goodwill
970000000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1165000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1698000000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
960000000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
1561000000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
422000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
616000000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
227000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
366000000 USD
CY2017Q2 us-gaap Income Taxes Paid
IncomeTaxesPaid
376000000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
174000000 USD
CY2017Q2 us-gaap Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
99000000 USD
us-gaap Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
136000000 USD
CY2018Q2 us-gaap Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
75000000 USD
us-gaap Interest Paid Net
InterestPaidNet
45000000 USD
CY2018Q2 us-gaap Interest Paid Net
InterestPaidNet
34000000 USD
us-gaap Interest Paid Net
InterestPaidNet
52000000 USD
CY2017Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
8000000 USD
us-gaap Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
140000000 USD
CY2017Q2 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
-12000000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
23000000 USD
CY2018Q2 us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
81000000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
96000000 USD
CY2017Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-335000000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-243000000 USD
CY2018Q2 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
420000000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-80000000 USD
CY2017Q2 us-gaap Increase Decrease In Deferred Air Traffic Revenue
IncreaseDecreaseInDeferredAirTrafficRevenue
2000000 USD
us-gaap Increase Decrease In Deferred Air Traffic Revenue
IncreaseDecreaseInDeferredAirTrafficRevenue
920000000 USD
CY2018Q2 us-gaap Increase Decrease In Deferred Air Traffic Revenue
IncreaseDecreaseInDeferredAirTrafficRevenue
100000000 USD
us-gaap Increase Decrease In Deferred Air Traffic Revenue
IncreaseDecreaseInDeferredAirTrafficRevenue
966000000 USD
CY2017Q2 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
68000000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
121000000 USD
CY2018Q2 us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
131000000 USD
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
203000000 USD
CY2017Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
119000000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
200000000 USD
CY2018Q2 us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
35000000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
213000000 USD
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2000000 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1000000 shares
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
413000000 USD
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
406000000 USD
CY2017Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
13000000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
23000000 USD
CY2018Q2 us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
10000000 USD
us-gaap Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
20000000 USD
CY2017Q2 us-gaap Interest Expense
InterestExpense
27000000 USD
us-gaap Interest Expense
InterestExpense
56000000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
33000000 USD
us-gaap Interest Expense
InterestExpense
66000000 USD
CY2017Q2 us-gaap Interest Paid Net
InterestPaidNet
18000000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
15000000 USD
CY2018Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
15000000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
27000000 USD
CY2017Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1863000000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
3594000000 USD
CY2018Q2 us-gaap Labor And Related Expense
LaborAndRelatedExpense
1927000000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
3748000000 USD
CY2017Q2 us-gaap Landing Fees And Other Rentals
LandingFeesAndOtherRentals
332000000 USD
us-gaap Landing Fees And Other Rentals
LandingFeesAndOtherRentals
645000000 USD
CY2018Q2 us-gaap Landing Fees And Other Rentals
LandingFeesAndOtherRentals
344000000 USD
us-gaap Landing Fees And Other Rentals
LandingFeesAndOtherRentals
675000000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
25110000000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
26465000000 USD
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
6863000000 USD
CY2018Q2 us-gaap Liabilities Current
LiabilitiesCurrent
7716000000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3320000000 USD
CY2018Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3155000000 USD
CY2017Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
348000000 USD
CY2018Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
365000000 USD
CY2017Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-476000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1460000000 USD
CY2018Q2 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-645000000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1247000000 USD
CY2017Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-584000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1053000000 USD
CY2018Q2 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-694000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-766000000 USD
CY2017Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
746000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2370000000 USD
CY2018Q2 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1631000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2632000000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
743000000 USD
us-gaap Net Income Loss
NetIncomeLoss
1082000000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
733000000 USD
us-gaap Net Income Loss
NetIncomeLoss
1195000000 USD
CY2017Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-50000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-124000000 USD
CY2018Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-12000000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-27000000 USD
CY2017Q2 us-gaap Operating Expenses
OperatingExpenses
4516000000 USD
us-gaap Operating Expenses
OperatingExpenses
8763000000 USD
CY2018Q2 us-gaap Operating Expenses
OperatingExpenses
4770000000 USD
us-gaap Operating Expenses
OperatingExpenses
9098000000 USD
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
1215000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1822000000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
972000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
1588000000 USD
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
270000000 USD
CY2018Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
200000000 USD
CY2017Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
308000000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
574000000 USD
CY2018Q2 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
340000000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
656000000 USD
CY2017Q4 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
76000000 USD
CY2017Q4 us-gaap Other Assets
OtherAssets
786000000 USD
CY2018Q2 us-gaap Other Assets
OtherAssets
1021000000 USD
CY2017Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
156000000 USD
CY2018Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
178000000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
786000000 USD
CY2018Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
1021000000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
49000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
60000000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
220000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
304000000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
2000000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3000000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3000000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
0 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
0 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
0 USD
us-gaap Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
0 USD
CY2017Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
727000000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1414000000 USD
CY2018Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
731000000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1355000000 USD
CY2017Q4 us-gaap Other Deferred Compensation Arrangements Liability Classified Noncurrent
OtherDeferredCompensationArrangementsLiabilityClassifiedNoncurrent
237000000 USD
CY2018Q2 us-gaap Other Deferred Compensation Arrangements Liability Classified Noncurrent
OtherDeferredCompensationArrangementsLiabilityClassifiedNoncurrent
247000000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
707000000 USD
CY2018Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
692000000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-44000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-106000000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4000000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-8000000 USD
CY2017Q2 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-37000000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-81000000 USD
CY2018Q2 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
0 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
-41000000 USD
CY2018Q2 us-gaap Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
64000000 USD
CY2017Q2 us-gaap Passenger Revenue
PassengerRevenue
5379000000 USD
us-gaap Passenger Revenue
PassengerRevenue
9925000000 USD
CY2018Q2 us-gaap Passenger Revenue
PassengerRevenue
5358000000 USD
us-gaap Passenger Revenue
PassengerRevenue
9943000000 USD
CY2017Q2 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
47000000 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
97000000 USD
CY2018Q2 us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
17000000 USD
us-gaap Payments For Construction In Process
PaymentsForConstructionInProcess
41000000 USD
CY2017Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
400000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
950000000 USD
CY2018Q2 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
500000000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1000000000 USD
CY2017Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
76000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
199000000 USD
CY2018Q2 us-gaap Payments Of Dividends
PaymentsOfDividends
93000000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
240000000 USD
CY2017Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
551000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
965000000 USD
CY2018Q2 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
521000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
929000000 USD
CY2017Q2 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
559000000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
1121000000 USD
CY2018Q2 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
730000000 USD
us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
930000000 USD
CY2017Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
275000000 USD
CY2018Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
288000000 USD
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
460000000 USD
CY2018Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
498000000 USD
CY2017Q4 us-gaap Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
5000000 USD
CY2018Q2 us-gaap Prepaid Expense Other Noncurrent
PrepaidExpenseOtherNoncurrent
94000000 USD
CY2018Q2 us-gaap Price Risk Cash Flow Hedge Unrealized Gain Loss To Be Reclassified During Next12 Months
PriceRiskCashFlowHedgeUnrealizedGainLossToBeReclassifiedDuringNext12Months
140000000 USD
CY2017Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
7000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
11000000 USD
CY2018Q2 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
4000000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-9000000 USD
CY2017Q2 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
573000000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
1130000000 USD
CY2018Q2 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
574000000 USD
us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
1134000000 USD
CY2017Q2 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
7000000 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
14000000 USD
CY2018Q2 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
9000000 USD
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
17000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
28229000000 USD
CY2018Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
28232000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18539000000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
19066000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
4399000000 USD
CY2018Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
4626000000 USD
CY2018Q2 us-gaap Property Subject To Or Available For Operating Lease Number Of Units
PropertySubjectToOrAvailableForOperatingLeaseNumberOfUnits
53 aircraft
CY2017Q2 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
59000000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
428000000 USD
CY2018Q2 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
75000000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
157000000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
13832000000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
14878000000 USD
CY2017Q2 us-gaap Revenues
Revenues
5731000000 USD
us-gaap Revenues
Revenues
10585000000 USD
CY2018Q2 us-gaap Revenues
Revenues
5742000000 USD
us-gaap Revenues
Revenues
10686000000 USD
CY2017Q4 us-gaap Short Term Investments
ShortTermInvestments
1778000000 USD
CY2018Q2 us-gaap Short Term Investments
ShortTermInvestments
1572000000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
9641000000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
9997000000 USD
CY2017Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
203000000 USD
CY2018Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
277000000 USD
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
6462000000 USD
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
7456000000 USD
CY2017Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
6000000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-21000000 USD
CY2018Q2 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
4000000 USD
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
11000000 USD
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
605000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
610000000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
579000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
583000000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
604000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
608000000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
578000000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
582000000 shares
CY2017Q4 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
172000000 USD
CY2018Q2 us-gaap Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
170000000 USD
us-gaap Basis Of Accounting
BasisOfAccounting
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">BASIS OF PRESENTATION</font></div><div style="line-height:120%;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Southwest Airlines Co. (the "Company" or "Southwest") operates Southwest Airlines, a major passenger airline that provides scheduled air transportation in the United States and near-international markets. The unaudited Condensed Consolidated Financial Statements include accounts of the Company and its wholly owned subsidiaries.</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The accompanying unaudited Condensed Consolidated Financial Statements of the Company and its subsidiaries have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles in the United States ("GAAP") for complete financial statements. The unaudited Condensed Consolidated Financial Statements for the interim periods ended </font><font style="font-family:Times New Roman;font-size:11pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">June&#160;30, 2018</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:Times New Roman;font-size:11pt;color:#000000;font-style:normal;font-weight:normal;text-decoration:none;">2017</font><font style="font-family:inherit;font-size:11pt;"> include all adjustments which are, in the opinion of management, necessary for a fair presentation of the results for the interim periods. This includes all normal and recurring adjustments and elimination of significant intercompany transactions. Financial results for the Company and airlines in general can be seasonal in nature. In many years, the Company's revenues, as well as its Operating income and Net income, have been better in its second and third fiscal quarters than in its first and fourth fiscal quarters. Air travel is also significantly impacted by general economic conditions, the amount of disposable income available to consumers, unemployment levels, corporate travel budgets, natural disasters, and other factors beyond the Company's control. These and other factors, such as the price of jet fuel in some periods, the nature of the Company's fuel hedging program, and the periodic volatility of commodities used by the Company for hedging jet fuel, have created, and may continue to create, significant volatility in the Company's financial results. See</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:11pt;color:#000000;text-decoration:none;">Note 3</font><font style="font-family:inherit;font-size:11pt;"> for further information on fuel and the Company's hedging program. Operating results for the </font><font style="font-family:inherit;font-size:11pt;">three and six months ended</font><font style="font-family:inherit;font-size:10pt;"> </font><font style="font-family:inherit;font-size:11pt;color:#000000;text-decoration:none;">June&#160;30, 2018</font><font style="font-family:inherit;font-size:11pt;">, are not necessarily indicative of the results that may be expected for future quarters or for the year ended </font><font style="font-family:inherit;font-size:11pt;color:#000000;text-decoration:none;">December&#160;31, 2018</font><font style="font-family:inherit;font-size:11pt;">. For further information, refer to the Consolidated Financial Statements and footnotes thereto included in the Southwest Airlines Co. Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:11pt;">December&#160;31, 2017</font><font style="font-family:inherit;font-size:11pt;">.</font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">Effective as of January 1, 2018, the Company adopted&#160;Accounting Standards Update ("ASU") No. 2014-09, Revenue from Contracts with Customers, ASU No. 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost, and ASU No. 2017-12, Targeted Improvements to Accounting for Hedging Activities. All amounts and disclosures set forth in this Form 10-Q reflect the adoption of these ASUs. See Note </font><font style="font-family:inherit;font-size:11pt;">2</font><font style="font-family:inherit;font-size:11pt;"> for further information. </font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:justify;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;">The Company reclassified </font><font style="font-family:inherit;font-size:11pt;">$53 million</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:inherit;font-size:11pt;">$107 million</font><font style="font-family:inherit;font-size:11pt;"> from Aircraft rentals to Other operating expenses in the unaudited Condensed Consolidated Statement of Comprehensive Income for the </font><font style="font-family:inherit;font-size:11pt;">three and six months ended</font><font style="font-family:inherit;font-size:11pt;"> </font><font style="font-family:inherit;font-size:11pt;">June&#160;30, 2017</font><font style="font-family:inherit;font-size:11pt;">, respectively, to be comparative with the current period's presentation. Aircraft rentals expense included in Other operating expenses for the </font><font style="font-family:inherit;font-size:11pt;">three and six months ended</font><font style="font-family:inherit;font-size:11pt;"> </font><font style="font-family:inherit;font-size:11pt;">June&#160;30, 2018</font><font style="font-family:inherit;font-size:11pt;">, was </font><font style="font-family:inherit;font-size:11pt;">$40 million</font><font style="font-family:inherit;font-size:11pt;"> and </font><font style="font-family:inherit;font-size:11pt;">$80 million</font><font style="font-family:inherit;font-size:11pt;">, respectively. This reclassification had no impact on Operating income, Net income, the unaudited Condensed Consolidated Balance Sheet, or the unaudited Condensed Consolidated Statement of Cash Flows.</font></div></div>

Files In Submission

Name View Source Status
0000092380-18-000110-index-headers.html Edgar Link pending
0000092380-18-000110-index.html Edgar Link pending
0000092380-18-000110.txt Edgar Link pending
0000092380-18-000110-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
luv-20180630.xml Edgar Link completed
luv-20180630.xsd Edgar Link pending
luv-20180630_cal.xml Edgar Link unprocessable
luv-20180630_def.xml Edgar Link unprocessable
luv-20180630_lab.xml Edgar Link unprocessable
luv-20180630_pre.xml Edgar Link unprocessable
luv-6302018x10q.htm Edgar Link pending
luv-6302018xex311.htm Edgar Link pending
luv-6302018xex312.htm Edgar Link pending
luv-6302018xex321.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
southwestheartimagea01.jpg Edgar Link pending