2021 Q1 Form 10-Q Financial Statement
#000009238021000101 Filed on April 27, 2021
Income Statement
Concept | 2021 Q1 | 2020 Q1 |
---|---|---|
Revenue | $2.052B | $4.234B |
YoY Change | -51.54% | -17.77% |
Cost Of Revenue | $782.0M | $1.209B |
YoY Change | -35.32% | -10.31% |
Gross Profit | $1.270B | $3.025B |
YoY Change | -58.02% | -20.42% |
Gross Profit Margin | 61.89% | 71.45% |
Selling, General & Admin | $1.744B | $2.126B |
YoY Change | -17.97% | -6.34% |
% of Gross Profit | 137.32% | 70.28% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $312.0M | $311.0M |
YoY Change | 0.32% | 4.71% |
% of Gross Profit | 24.57% | 10.28% |
Operating Expenses | $2.519B | $3.135B |
YoY Change | -19.65% | -32.49% |
Operating Profit | $199.0M | -$110.0M |
YoY Change | -280.91% | -121.78% |
Interest Expense | -$101.0M | -$6.000M |
YoY Change | 1583.33% | -119.35% |
% of Operating Profit | -50.75% | |
Other Income/Expense, Net | -$53.00M | -$34.00M |
YoY Change | 55.88% | 3300.0% |
Pretax Income | $146.0M | -$144.0M |
YoY Change | -201.39% | -128.57% |
Income Tax | $30.00M | -$50.00M |
% Of Pretax Income | 20.55% | |
Net Earnings | $116.0M | -$94.00M |
YoY Change | -223.4% | -124.29% |
Net Earnings / Revenue | 5.65% | -2.22% |
Basic Earnings Per Share | $0.20 | -$0.18 |
Diluted Earnings Per Share | $0.19 | -$0.18 |
COMMON SHARES | ||
Basic Shares Outstanding | 591.0M shares | 515.0M shares |
Diluted Shares Outstanding | 609.0M shares | 515.0M shares |
Balance Sheet
Concept | 2021 Q1 | 2020 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $14.35B | $5.545B |
YoY Change | 158.76% | 43.62% |
Cash & Equivalents | $11.97B | $3.940B |
Short-Term Investments | $2.377B | $1.605B |
Other Short-Term Assets | $367.0M | $256.0M |
YoY Change | 43.36% | -27.68% |
Inventory | $448.0M | $518.0M |
Prepaid Expenses | ||
Receivables | $132.0M | $579.0M |
Other Receivables | $8.000M | $38.00M |
Total Short-Term Assets | $16.10B | $7.028B |
YoY Change | 129.08% | 28.18% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $15.65B | $16.99B |
YoY Change | -7.89% | -4.41% |
Goodwill | $970.0M | $970.0M |
YoY Change | 0.0% | 0.0% |
Intangibles | $295.0M | $296.0M |
YoY Change | -0.34% | -5.43% |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $743.0M | $620.0M |
YoY Change | 19.84% | -14.48% |
Total Long-Term Assets | $19.39B | $19.86B |
YoY Change | -2.34% | -5.33% |
TOTAL ASSETS | ||
Total Short-Term Assets | $16.10B | $7.028B |
Total Long-Term Assets | $19.39B | $19.86B |
Total Assets | $35.49B | $26.89B |
YoY Change | 32.02% | 1.61% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.094B | $1.043B |
YoY Change | 4.89% | -26.13% |
Accrued Expenses | $1.665B | $1.037B |
YoY Change | 60.56% | -23.19% |
Deferred Revenue | $4.906B | $5.036B |
YoY Change | -2.58% | |
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | $225.0M | $2.795B |
YoY Change | -91.95% | 389.49% |
Total Short-Term Liabilities | $8.182B | $10.24B |
YoY Change | -20.11% | 17.4% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $10.55B | $2.288B |
YoY Change | 360.93% | -12.07% |
Other Long-Term Liabilities | $1.123B | $694.0M |
YoY Change | 61.82% | 14.14% |
Total Long-Term Liabilities | $1.123B | $694.0M |
YoY Change | 61.82% | 14.14% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $8.182B | $10.24B |
Total Long-Term Liabilities | $1.123B | $694.0M |
Total Liabilities | $9.305B | $10.94B |
YoY Change | -14.91% | 17.19% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $14.91B | $17.76B |
YoY Change | -16.02% | 8.81% |
Common Stock | $5.108B | $2.390B |
YoY Change | 113.72% | 2.97% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | $10.87B | $10.89B |
YoY Change | -0.17% | 21.69% |
Treasury Stock Shares | ||
Shareholders Equity | $9.093B | $9.075B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $35.49B | $26.89B |
YoY Change | 32.02% | 1.61% |
Cashflow Statement
Concept | 2021 Q1 | 2020 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $116.0M | -$94.00M |
YoY Change | -223.4% | -124.29% |
Depreciation, Depletion And Amortization | $312.0M | $311.0M |
YoY Change | 0.32% | 4.71% |
Cash From Operating Activities | $645.0M | -$377.0M |
YoY Change | -271.09% | -134.12% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$95.00M | -$224.0M |
YoY Change | -57.59% | 40.0% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$106.0M | $219.0M |
YoY Change | -148.4% | -32.41% |
Cash From Investing Activities | -$201.0M | -$5.000M |
YoY Change | 3920.0% | -103.05% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | $0.00 | $188.0M |
YoY Change | -100.0% | 5.62% |
Common Stock Issuance & Retirement, Net | $0.00 | $451.0M |
YoY Change | -100.0% | -9.8% |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | $464.0M | $1.774B |
YoY Change | -73.84% | -327.73% |
NET CHANGE | ||
Cash From Operating Activities | $645.0M | -$377.0M |
Cash From Investing Activities | -$201.0M | -$5.000M |
Cash From Financing Activities | $464.0M | $1.774B |
Net Change In Cash | $908.0M | $1.392B |
YoY Change | -34.77% | 184.08% |
FREE CASH FLOW | ||
Cash From Operating Activities | $645.0M | -$377.0M |
Capital Expenditures | -$95.00M | -$224.0M |
Free Cash Flow | $740.0M | -$153.0M |
YoY Change | -583.66% | -112.09% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2020Q4 | luv |
Cash Tax Refund Expected From Cares Act Loss Carry Back Provision
CashTaxRefundExpectedFromCARESActLossCarryBackProvision
|
470000000 | USD |
CY2021Q1 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000092380 | |
CY2021Q1 | dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | |
CY2021Q1 | dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2021 | |
CY2021Q1 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q1 | |
CY2021Q1 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2020Q4 | luv |
Proceeds From Payroll Support Program Grant Received In June2020
ProceedsFromPayrollSupportProgramGrantReceivedInJune2020
|
652000000 | USD |
CY2021Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
199000000 | USD |
CY2020Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-110000000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
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|
116000000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-94000000 | USD |
CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.19 | |
CY2020Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.18 | |
CY2021Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
312000000 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
95000000 | USD |
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Increase Decrease In Contract With Customer Liability
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Document Type
DocumentType
|
10-Q | |
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Document Quarterly Report
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2021-03-31 | |
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Entity File Number
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1-7259 | |
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Entity Registrant Name
EntityRegistrantName
|
SOUTHWEST AIRLINES CO. | |
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Entity Incorporation State Country Code
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TX | |
CY2021Q1 | dei |
Entity Tax Identification Number
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74-1563240 | |
CY2021Q1 | dei |
Entity Address Address Line1
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P.O. Box 36611 | |
CY2021Q1 | dei |
Entity Address City Or Town
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Dallas, | |
CY2021Q1 | dei |
Entity Address State Or Province
EntityAddressStateOrProvince
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TX | |
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Entity Address Postal Zip Code
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75235-1611 | |
CY2021Q1 | dei |
City Area Code
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214 | |
CY2021Q1 | dei |
Local Phone Number
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792-4000 | |
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Entity Current Reporting Status
EntityCurrentReportingStatus
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Yes | |
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Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | |
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Entity Filer Category
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Large Accelerated Filer | |
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Entity Shell Company
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Cash And Cash Equivalents At Carrying Value
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Short Term Investments
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Accounts And Other Receivables Net Current
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Airline Related Inventory
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Assets Current
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Goodwill
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Aircraft Maintenance Materials And Repairs
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Interest Costs Incurred
InterestCostsIncurred
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CY2021Q1 | us-gaap |
Interest Costs Capitalized Adjustment
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CY2020Q1 | us-gaap |
Interest Costs Capitalized Adjustment
InterestCostsCapitalizedAdjustment
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CY2021Q1 | us-gaap |
Investment Income Interest
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CY2020Q1 | us-gaap |
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OtherNonoperatingIncomeExpense
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CY2020Q1 | us-gaap |
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Nonoperating Income Expense
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Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2020Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
-144000000 | USD |
CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
30000000 | USD |
CY2020Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-50000000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
116000000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-94000000 | USD |
CY2021Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.20 | |
CY2020Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.18 | |
CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.19 | |
CY2020Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.18 | |
CY2021Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
180000000 | USD |
CY2020Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-219000000 | USD |
CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
591000000 | shares |
CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
515000000 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
609000000 | shares |
CY2020Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
515000000 | shares |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8876000000 | USD |
CY2021Q1 | luv |
New Accounting Pronouncement Or Change In Accounting Principle Cumulative Effect Of Change On Equity Or Net Assets
NewAccountingPronouncementOrChangeInAccountingPrincipleCumulativeEffectOfChangeOnEquityOrNetAssets
|
0 | USD |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
0 | USD |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-14000000 | USD |
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
23000000 | USD |
CY2021Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
180000000 | USD |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9093000000 | USD |
CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9832000000 | USD |
CY2020Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
451000000 | USD |
CY2020Q1 | us-gaap |
Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
|
2000000 | USD |
CY2020Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
-9000000 | USD |
CY2020Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.180 | |
CY2020Q1 | us-gaap |
Dividends Cash
DividendsCash
|
94000000 | USD |
CY2020Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-219000000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9075000000 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
116000000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-94000000 | USD |
CY2021Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
312000000 | USD |
CY2020Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
311000000 | USD |
CY2021Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
7000000 | USD |
CY2020Q1 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-2000000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
-5000000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
|
49000000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
234000000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
|
-183000000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
11000000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-58000000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-66000000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-1291000000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
599000000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
701000000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-122000000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-132000000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
|
38000000 | USD |
CY2020Q1 | us-gaap |
Increase Decrease Cash Collateral From Counterparties
IncreaseDecreaseCashCollateralFromCounterparties
|
-5000000 | USD |
CY2021Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
15000000 | USD |
CY2020Q1 | us-gaap |
Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
|
-61000000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
645000000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-377000000 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
95000000 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
224000000 | USD |
CY2021Q1 | luv |
Supplier Proceeds
SupplierProceeds
|
0 | USD |
CY2020Q1 | luv |
Supplier Proceeds
SupplierProceeds
|
-300000000 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
1324000000 | USD |
CY2020Q1 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
1029000000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
1218000000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
|
948000000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-201000000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5000000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
0 | USD |
CY2020Q1 | us-gaap |
Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
|
500000000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
0 | USD |
CY2020Q1 | us-gaap |
Proceeds From Notes Payable
ProceedsFromNotesPayable
|
1000000000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
0 | USD |
CY2020Q1 | us-gaap |
Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
|
1000000000 | USD |
CY2021Q1 | luv |
Proceeds From Payroll Support Program Loans And Warrants
ProceedsFromPayrollSupportProgramLoansAndWarrants
|
511000000 | USD |
CY2020Q1 | luv |
Proceeds From Payroll Support Program Loans And Warrants
ProceedsFromPayrollSupportProgramLoansAndWarrants
|
0 | USD |
CY2021Q1 | luv |
Proceeds From Payroll Support Program
ProceedsFromPayrollSupportProgram
|
3400000000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
13000000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Stock Plans
ProceedsFromStockPlans
|
11000000 | USD |
CY2021Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD |
CY2020Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
451000000 | USD |
CY2021Q1 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
67000000 | USD |
CY2020Q1 | us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
78000000 | USD |
CY2021Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
0 | USD |
CY2020Q1 | us-gaap |
Payments Of Dividends
PaymentsOfDividends
|
188000000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
7000000 | USD |
CY2020Q1 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-20000000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
464000000 | USD |
CY2020Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1774000000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
908000000 | USD |
CY2020Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1392000000 | USD |
CY2020Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
11063000000 | USD |
CY2019Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2548000000 | USD |
CY2021Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
11971000000 | USD |
CY2020Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
3940000000 | USD |
CY2021Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
17000000 | USD |
CY2020Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
14000000 | USD |
CY2021Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
1000000 | USD |
CY2020Q1 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
5000000 | USD |
CY2021Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
218000000 | USD |
CY2020Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
25000000 | USD |
CY2021Q1 | luv |
Assets Constructedfor Others During Period
AssetsConstructedforOthersDuringPeriod
|
32000000 | USD |
CY2020Q1 | luv |
Assets Constructedfor Others During Period
AssetsConstructedforOthersDuringPeriod
|
34000000 | USD |
CY2021Q1 | us-gaap |
Basis Of Accounting
BasisOfAccounting
|
BASIS OF PRESENTATION<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">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.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">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 March 31, 2021 and 2020 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. However, beginning in early 2020, as a result of the COVID-19 pandemic, the Company's results have not been in line with such historical trends. See Note 2 for further information. Air travel is also significantly impacted by general economic conditions, the amount of disposable income available to consumers and changes in consumer behavior, unemployment levels, corporate travel budgets, global pandemics such as COVID-19, extreme or severe weather and natural disasters, fears of terrorism or war, governmental actions, 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 Note 4 for further information on fuel and the Company's hedging program. Operating results for the three months ended March 31, 2021, are not necessarily indicative of the results that may be expected for future quarters or for the year ended December 31, 2021. For further information, refer to the Consolidated Financial Statements and footnotes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%"> </span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In the unaudited Condensed Consolidated Statement of Comprehensive Income (Loss), for the three months ended March 31, 2021, Payroll support and voluntary Employee programs, net, includes the correction of previously underaccrued payroll tax credits, related to fourth quarter 2020, of $88 million, pre-tax. Other gains and losses, net, includes gains of $60 million, pre-tax, to correct investment gains related to prior periods previously recorded in Accumulated other comprehensive income (loss) ("AOCI"). </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">In the unaudited Condensed Consolidated Statement of Stockholders' Equity, for the three months ended March 31, 2021, the Company recorded a decrease of $19 million, net of tax, in AOCI and a corresponding increase in Retained earnings to correct the amount of the impact of the cumulative effect of adopting Accounting Standard Update ("ASU") 2016-01, Financial Instruments in 2018.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">These corrections are not considered material to prior period financial statements and are not expected to be material to the full year 2021 financial statements.</span></div> | |
CY2021Q1 | luv |
Total Proceeds To Be Provided To Us Airlines From Psp3 Payroll Support Per American Rescue Plan Act Of2021
TotalProceedsToBeProvidedToUSAirlinesFromPSP3PayrollSupportPerAmericanRescuePlanActOf2021
|
14000000000 | USD |
CY2021Q1 | luv |
Psp3 Payroll Support Program Amount Of Grant Expected To Be Allocated In Third Quarter2021
PSP3PayrollSupportProgramAmountOfGrantExpectedToBeAllocatedInThirdQuarter2021
|
1300000000 | USD |
CY2021Q1 | luv |
Total Employees Who Participated In Extended Emergency Time Off During2020
TotalEmployeesWhoParticipatedInExtendedEmergencyTimeOffDuring2020
|
11000 | employees |
CY2021Q4 | luv |
Total Employees Who Participated In Extended Emergency Time Off During2020 And2021 Who Were Still On Emergency Time Off At March312021
TotalEmployeesWhoParticipatedInExtendedEmergencyTimeOffDuring2020And2021WhoWereStillOnEmergencyTimeOffAtMarch312021
|
8164 | employees |
CY2021Q1 | luv |
Extended Emergency Time Off Reversal For Employees Who Accepted Through March312021
ExtendedEmergencyTimeOffReversalForEmployeesWhoAcceptedThroughMarch312021
|
141000000 | USD |
CY2021Q1 | luv |
Extended Emergency Time Off Accrual For Employees Who Accepted Through March312021
ExtendedEmergencyTimeOffAccrualForEmployeesWhoAcceptedThroughMarch312021
|
26000000 | USD |
CY2021Q1 | luv |
Proceeds From Psp2 Payroll Support Program Extension Grant Allocated To Fund Salaries Wages And Benefits
ProceedsFromPSP2PayrollSupportProgramExtensionGrantAllocatedToFundSalariesWagesAndBenefits
|
1200000000 | USD |
CY2020 | luv |
Extended Emergency Time Off Accrual For Employees Who Accepted Through2020
ExtendedEmergencyTimeOffAccrualForEmployeesWhoAcceptedThrough2020
|
620000000 | USD |
CY2021Q1 | luv |
Extended Emergency Time Off Accrued Liability
ExtendedEmergencyTimeOffAccruedLiability
|
190000000 | USD |
CY2021Q1 | luv |
Voluntary Separation Program2020 And Extended Emergency Time Off Relieved From Accrual For Employees Who Accepted Through March312021
VoluntarySeparationProgram2020AndExtendedEmergencyTimeOffRelievedFromAccrualForEmployeesWhoAcceptedThroughMarch312021
|
188000000 | USD |
CY2021Q1 | luv |
Voluntary Separation Program2020 And Extended Emergency Time Off Total Accrued
VoluntarySeparationProgram2020AndExtendedEmergencyTimeOffTotalAccrued
|
611000000 | USD |
CY2021Q1 | luv |
Number Of Aircraft In Long Term Storage
NumberOfAircraftInLongTermStorage
|
66 | |
CY2021Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
255000000 | USD |
CY2020Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
134000000 | USD |
CY2021Q1 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
0 | USD |
CY2020Q4 | us-gaap |
Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
|
6000000 | USD |
CY2021Q1 | us-gaap |
Price Risk Cash Flow Hedge Unrealized Gain Loss To Be Reclassified During Next12 Months
PriceRiskCashFlowHedgeUnrealizedGainLossToBeReclassifiedDuringNext12Months
|
19000000 | USD |
CY2021Q1 | luv |
Interest Rate Swap Derivative Aircraft Leases Received In December2020
InterestRateSwapDerivativeAircraftLeasesReceivedInDecember2020
|
3 | aircraft |
CY2021Q1 | luv |
Interest Rate Swap Derivative Aircraft Leases Received In First Quarter2021
InterestRateSwapDerivativeAircraftLeasesReceivedInFirstQuarter2021
|
8 | |
CY2021Q1 | luv |
Discontinuationof Interest Rate Cash Flow Hedge Balancein Aoci
DiscontinuationofInterestRateCashFlowHedgeBalanceinAOCI
|
62000000 | USD |
CY2021Q1 | luv |
Maximum Sum Of Derivatives Of Counterparty To Be Included In Other
MaximumSumOfDerivativesOfCounterpartyToBeIncludedInOther
|
4000000 | USD |
CY2021Q1 | luv |
Letterof Credit Percentof Collateral
LetterofCreditPercentofCollateral
|
1 | |
CY2021Q1 | luv |
Cash Collateral Percent Of Fair Value Fuel Derivatives Contracts
CashCollateralPercentOfFairValueFuelDerivativesContracts
|
1 | |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
116000000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-94000000 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
-13000000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
-9000000 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-47000000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-28000000 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
64000000 | USD |
CY2020Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-125000000 | USD |
CY2021Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
180000000 | USD |
CY2020Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-219000000 | USD |
CY2021Q1 | luv |
Air Traffic Liability Passenger Revenueand Ancillary Passenger Services
AirTrafficLiabilityPassengerRevenueandAncillaryPassengerServices
|
3109000000 | USD |
CY2020Q4 | luv |
Air Traffic Liability Passenger Revenueand Ancillary Passenger Services
AirTrafficLiabilityPassengerRevenueandAncillaryPassengerServices
|
2686000000 | USD |
CY2021Q1 | luv |
Air Traffic Liability Loyalty Program
AirTrafficLiabilityLoyaltyProgram
|
4623000000 | USD |
CY2020Q4 | luv |
Air Traffic Liability Loyalty Program
AirTrafficLiabilityLoyaltyProgram
|
4447000000 | USD |
CY2021Q1 | luv |
Air Traffic Liability Total
AirTrafficLiabilityTotal
|
7732000000 | USD |
CY2020Q4 | luv |
Air Traffic Liability Total
AirTrafficLiabilityTotal
|
7133000000 | USD |
CY2020Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
4447000000 | USD |
CY2019Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
3385000000 | USD |
CY2021Q1 | luv |
Revenue Amounts Deferred Associated With Points Awarded
RevenueAmountsDeferredAssociatedWithPointsAwarded
|
466000000 | USD |
CY2020Q1 | luv |
Revenue Amounts Deferred Associated With Points Awarded
RevenueAmountsDeferredAssociatedWithPointsAwarded
|
656000000 | USD |
CY2021Q1 | luv |
Passenger Revenue Recognized From Points Redeemed
PassengerRevenueRecognizedFromPointsRedeemed
|
-278000000 | USD |
CY2020Q1 | luv |
Passenger Revenue Recognized From Points Redeemed
PassengerRevenueRecognizedFromPointsRedeemed
|
-461000000 | USD |
CY2021Q1 | luv |
Other Revenue Recognized From Points Redeemed
OtherRevenueRecognizedFromPointsRedeemed
|
-12000000 | USD |
CY2020Q1 | luv |
Other Revenue Recognized From Points Redeemed
OtherRevenueRecognizedFromPointsRedeemed
|
-19000000 | USD |
CY2021Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
4623000000 | USD |
CY2020Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
3561000000 | USD |
CY2020Q4 | luv |
Air Traffic Liability Total
AirTrafficLiabilityTotal
|
7133000000 | USD |
CY2021Q1 | luv |
Air Traffic Liability Current Period Sales
AirTrafficLiabilityCurrentPeriodSales
|
2324000000 | USD |
CY2021Q1 | luv |
Air Traffic Liability Revenueamountsinbeginningbalance
AirTrafficLiabilityRevenueamountsinbeginningbalance
|
-743000000 | USD |
CY2021Q1 | luv |
Air Traffic Liability Revenuefrom Current Period Sales
AirTrafficLiabilityRevenuefromCurrentPeriodSales
|
-982000000 | USD |
CY2021Q1 | luv |
Air Traffic Liability Total
AirTrafficLiabilityTotal
|
7732000000 | USD |
CY2019Q4 | luv |
Air Traffic Liability Total
AirTrafficLiabilityTotal
|
5510000000 | USD |
CY2020Q1 | luv |
Air Traffic Liability Current Period Sales
AirTrafficLiabilityCurrentPeriodSales
|
4565000000 | USD |
CY2020Q1 | luv |
Air Traffic Liability Revenueamountsinbeginningbalance
AirTrafficLiabilityRevenueamountsinbeginningbalance
|
-1949000000 | USD |
CY2020Q1 | luv |
Air Traffic Liability Revenuefrom Current Period Sales
AirTrafficLiabilityRevenuefromCurrentPeriodSales
|
-1915000000 | USD |
CY2020Q1 | luv |
Air Traffic Liability Total
AirTrafficLiabilityTotal
|
6211000000 | USD |
CY2021Q1 | luv |
Residual Travel Funds
ResidualTravelFunds
|
0.22 | |
CY2020Q4 | luv |
Residual Travel Funds
ResidualTravelFunds
|
0.28 | |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
116000000 | USD |
CY2020Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-94000000 | USD |
CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
591000000 | shares |
CY2020Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
515000000 | shares |
CY2021Q1 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
16000000 | shares |
CY2020Q1 | us-gaap |
Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
|
0 | shares |
CY2021Q1 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
1000000 | shares |
CY2020Q1 | us-gaap |
Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
|
0 | shares |
CY2021Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
1000000 | shares |
CY2020Q1 | us-gaap |
Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
|
0 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
609000000 | shares |
CY2020Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
515000000 | shares |
CY2021Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.20 | |
CY2020Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.18 | |
CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.19 | |
CY2020Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.18 | |
CY2021Q1 | us-gaap |
Debt Instrument Convertible Conversion Price1
DebtInstrumentConvertibleConversionPrice1
|
38.48 | |
CY2021Q1 | luv |
Debt Agreements Not Publicly Held
DebtAgreementsNotPubliclyHeld
|
5 | Loans |
CY2021Q1 | us-gaap |
Debt Instrument Convertible Remaining Discount Amortization Period1
DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1
|
P5Y | |
CY2021Q1 | luv |
Trade Receivables
TradeReceivables
|
59000000 | USD |
CY2020Q4 | luv |
Trade Receivables
TradeReceivables
|
46000000 | USD |
CY2021Q1 | us-gaap |
Credit Card Receivables
CreditCardReceivables
|
92000000 | USD |
CY2020Q4 | us-gaap |
Credit Card Receivables
CreditCardReceivables
|
35000000 | USD |
CY2021Q1 | luv |
Business Partners And Other Suppliers
BusinessPartnersAndOtherSuppliers
|
73000000 | USD |
CY2020Q4 | luv |
Business Partners And Other Suppliers
BusinessPartnersAndOtherSuppliers
|
274000000 | USD |
CY2021Q1 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
705000000 | USD |
CY2020Q4 | us-gaap |
Income Taxes Receivable
IncomeTaxesReceivable
|
740000000 | USD |
CY2021Q1 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
8000000 | USD |
CY2020Q4 | us-gaap |
Other Receivables Net Current
OtherReceivablesNetCurrent
|
35000000 | USD |
CY2021Q1 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
937000000 | USD |
CY2020Q4 | us-gaap |
Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
|
1130000000 | USD |
CY2021Q1 | luv |
Derivative Asset Fair Value Amount Offset Against Collateral Total
DerivativeAssetFairValueAmountOffsetAgainstCollateralTotal
|
131000000 | USD |
CY2020Q4 | luv |
Derivative Asset Fair Value Amount Offset Against Collateral Total
DerivativeAssetFairValueAmountOffsetAgainstCollateralTotal
|
90000000 | USD |
CY2021Q1 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
295000000 | USD |
CY2020Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
295000000 | USD |
CY2021Q1 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
317000000 | USD |
CY2020Q4 | us-gaap |
Other Assets Miscellaneous
OtherAssetsMiscellaneous
|
337000000 | USD |
CY2021Q1 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
743000000 | USD |
CY2020Q4 | us-gaap |
Other Assets Noncurrent
OtherAssetsNoncurrent
|
722000000 | USD |
CY2021Q1 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
169000000 | USD |
CY2020Q4 | us-gaap |
Accounts Payable Trade Current
AccountsPayableTradeCurrent
|
111000000 | USD |
CY2021Q1 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
197000000 | USD |
CY2020Q4 | us-gaap |
Accrued Salaries Current
AccruedSalariesCurrent
|
201000000 | USD |
CY2021Q1 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
190000000 | USD |
CY2020Q4 | us-gaap |
Taxes Payable Current
TaxesPayableCurrent
|
49000000 | USD |
CY2021Q1 | luv |
Aircraft Maintenance Payable
AircraftMaintenancePayable
|
83000000 | USD |
CY2020Q4 | luv |
Aircraft Maintenance Payable
AircraftMaintenancePayable
|
95000000 | USD |
CY2021Q1 | luv |
Fuel Payable
FuelPayable
|
98000000 | USD |
CY2020Q4 | luv |
Fuel Payable
FuelPayable
|
66000000 | USD |
CY2021Q1 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
357000000 | USD |
CY2020Q4 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
409000000 | USD |
CY2021Q1 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1094000000 | USD |
CY2020Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
931000000 | USD |
CY2021Q1 | luv |
Extended Emergency Time Off Accrued Liability
ExtendedEmergencyTimeOffAccruedLiability
|
190000000 | USD |
CY2020Q4 | luv |
Extended Emergency Time Off Accrued Liability
ExtendedEmergencyTimeOffAccruedLiability
|
393000000 | USD |
CY2021Q1 | luv |
Voluntary Separation Program2020 Accrued Liability
VoluntarySeparationProgram2020AccruedLiability
|
124000000 | USD |
CY2020Q4 | luv |
Voluntary Separation Program2020 Accrued Liability
VoluntarySeparationProgram2020AccruedLiability
|
143000000 | USD |
CY2021Q1 | us-gaap |
Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
|
46000000 | USD |
CY2020Q4 | us-gaap |
Deferred Compensation Cash Based Arrangements Liability Current
DeferredCompensationCashBasedArrangementsLiabilityCurrent
|
25000000 | USD |
CY2021Q1 | luv |
Vendor Prepayment
VendorPrepayment
|
277000000 | USD |
CY2020Q4 | luv |
Vendor Prepayment
VendorPrepayment
|
600000000 | USD |
CY2021Q1 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
443000000 | USD |
CY2020Q4 | us-gaap |
Accrued Vacation Current
AccruedVacationCurrent
|
436000000 | USD |
CY2021Q1 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
109000000 | USD |
CY2020Q4 | us-gaap |
Accrued Employee Benefits Current
AccruedEmployeeBenefitsCurrent
|
111000000 | USD |
CY2021Q1 | us-gaap |
Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
|
163000000 | USD |
CY2020Q4 | us-gaap |
Workers Compensation Liability Current
WorkersCompensationLiabilityCurrent
|
161000000 | USD |
CY2021Q1 | luv |
Accrualfor Propertyand Income Taxes
AccrualforPropertyandIncomeTaxes
|
80000000 | USD |
CY2020Q4 | luv |
Accrualfor Propertyand Income Taxes
AccrualforPropertyandIncomeTaxes
|
84000000 | USD |
CY2021Q1 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
122000000 | USD |
CY2020Q4 | us-gaap |
Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
|
257000000 | USD |
CY2021Q1 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
1665000000 | USD |
CY2020Q4 | us-gaap |
Accrued Liabilities Current
AccruedLiabilitiesCurrent
|
2259000000 | USD |
CY2021Q1 | luv |
Extended Emergency Time Off Other Noncurrent Liability
ExtendedEmergencyTimeOffOtherNoncurrentLiability
|
0 | USD |
CY2021Q1 | luv |
Assets Constructed For Others
AssetsConstructedForOthers
|
341000000 | USD |
CY2020Q4 | luv |
Assets Constructed For Others
AssetsConstructedForOthers
|
309000000 | USD |
CY2020Q4 | luv |
Extended Emergency Time Off Other Noncurrent Liability
ExtendedEmergencyTimeOffOtherNoncurrentLiability
|
57000000 | USD |
CY2021Q1 | luv |
Voluntary Separation Program2020 Other Noncurrent Liability
VoluntarySeparationProgram2020OtherNoncurrentLiability
|
297000000 | USD |
CY2020Q4 | luv |
Voluntary Separation Program2020 Other Noncurrent Liability
VoluntarySeparationProgram2020OtherNoncurrentLiability
|
321000000 | USD |
CY2021Q1 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
430000000 | USD |
CY2020Q4 | us-gaap |
Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
428000000 | USD |
CY2021Q1 | us-gaap |
Other Deferred Compensation Arrangements Liability Classified Noncurrent
OtherDeferredCompensationArrangementsLiabilityClassifiedNoncurrent
|
319000000 | USD |
CY2020Q4 | us-gaap |
Other Deferred Compensation Arrangements Liability Classified Noncurrent
OtherDeferredCompensationArrangementsLiabilityClassifiedNoncurrent
|
353000000 | USD |
CY2021Q1 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
77000000 | USD |
CY2020Q4 | us-gaap |
Other Sundry Liabilities Noncurrent
OtherSundryLiabilitiesNoncurrent
|
88000000 | USD |
CY2021Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1123000000 | USD |
CY2020Q4 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
1247000000 | USD |
CY2020Q4 | luv |
Vendor Prepayment
VendorPrepayment
|
600000000 | USD |
CY2021Q1 | luv |
Deferred Revenue Related To Vendor Prepayment
DeferredRevenueRelatedToVendorPrepayment
|
323000000 | USD |
CY2021Q1 | luv |
Amount Of Deferred Revenue From Vendor Prepayment That Would Have Been Receivable At Period End
AmountOfDeferredRevenueFromVendorPrepaymentThatWouldHaveBeenReceivableAtPeriodEnd
|
106000000 | USD |
CY2021Q1 | luv |
Cash Tax Refund Expected From Cares Act Loss Carry Back Provision
CashTaxRefundExpectedFromCARESActLossCarryBackProvision
|
470000000 | USD |
CY2021Q1 | luv |
Cares Act Loss Carryback Period
CARESActLossCarrybackPeriod
|
P5Y | |
CY2021Q1 | luv |
Total Number Of Boeing737 Max7 Firm Orders Added To Purchase Agreement Per Supplemental Agreement No12
TotalNumberOfBoeing737MAX7FirmOrdersAddedToPurchaseAgreementPerSupplementalAgreementNo12
|
100 | aircraft |
CY2021Q1 | luv |
Number Of Boeing737 Max7 Firm Orders Added To Purchase Agreement Per Supplemental Agreement No12 To Be Delivered In2022
NumberOfBoeing737MAX7FirmOrdersAddedToPurchaseAgreementPerSupplementalAgreementNo12ToBeDeliveredIn2022
|
30 | aircraft |
CY2021Q1 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On Third Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary
|
1000000000.0 | USD |
CY2021Q1 | luv |
Total Number Of Boeing737 Max Options Added To Purchase Agreement Per Supplemental Agreement No12
TotalNumberOfBoeing737MAXOptionsAddedToPurchaseAgreementPerSupplementalAgreementNo12
|
155 | aircraft |
CY2021Q1 | luv |
Total Number Of Boeing737 Max8 Firm Orders Converted To737 Max7 Firm Orders Per Supplemental Agreement No12
TotalNumberOfBoeing737MAX8FirmOrdersConvertedTo737MAX7FirmOrdersPerSupplementalAgreementNo12
|
70 | aircraft |
CY2021Q1 | us-gaap |
Unrecorded Unconditional Purchase Obligation Due In Remainder Of Fiscal Year
UnrecordedUnconditionalPurchaseObligationDueInRemainderOfFiscalYear
|
0 | USD |
CY2021Q1 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary
|
700000000 | USD |
CY2021Q1 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On Second Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary
|
1100000000 | USD |
CY2021Q1 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On Fourth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary
|
1100000000 | USD |
CY2021Q1 | us-gaap |
Unrecorded Unconditional Purchase Obligation Balance On Fifth Anniversary
UnrecordedUnconditionalPurchaseObligationBalanceOnFifthAnniversary
|
1200000000 | USD |
CY2021Q1 | us-gaap |
Unrecorded Unconditional Purchase Obligation Due After Five Years
UnrecordedUnconditionalPurchaseObligationDueAfterFiveYears
|
7200000000 | USD |
CY2021Q1 | luv |
Numberof Aircraft Grounded Under Emergency Order
NumberofAircraftGroundedUnderEmergencyOrder
|
34 | |
CY2021Q1 | luv |
After Tax Potential Concessionsand Other Considerations Announced July2019
AfterTaxPotentialConcessionsandOtherConsiderationsAnnouncedJuly2019
|
4900000000 | USD |
CY2021Q1 | luv |
Pre Tax Potential Concessionsand Other Considerations Announced January2020
PreTaxPotentialConcessionsandOtherConsiderationsAnnouncedJanuary2020
|
2600000000 | USD |
CY2021Q1 | luv |
Numberof Aircraft Grounded Under Emergency Order
NumberofAircraftGroundedUnderEmergencyOrder
|
34 | |
CY2021Q1 | luv |
Numberof Aircraft Not Delivered Dueto Grounding Under Emergency Order
NumberofAircraftNotDeliveredDuetoGroundingUnderEmergencyOrder
|
41 | aircraft |
CY2021Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
312000000 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
|
95000000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
|
599000000 | USD |