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| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Domestic (U.S. and Canada) | | | | | | | 21,931.0 | 22,320.0 |
| Pacific | | | | | | | 5,498.0 | 5,767.0 |
| Atlantic | | | | | | | 7,068.0 | 7,321.0 |
| Latin America | | | | | | | 3,367.0 | 3,493.0 |
| Total revenues [+] | 24,634.0 | 15,355.0 | 43,259.0 | 41,303.0 | 37,784.0 | 36,558.0 | 37,864.0 | 38,901.0 |
| Passenger | | | | | | | 32,785.0 | 33,762.0 |
| Cargo & freight | | | | | | | 937.0 | 938.0 |
| Other | | | | | | | 4,142.0 | 4,201.0 |
| Revenue growth [+] | 60.4% | -64.5% | 4.7% | 9.3% | 3.4% | -3.4% | -2.7% | 1.6% |
| Domestic (U.S. and Canada) | | | | | | | -1.7% | 1.0% |
| Pacific | | | | | | | -4.7% | -0.5% |
| Atlantic | | | | | | | -3.5% | 2.7% |
| Latin America | | | | | | | -3.6% | 7.1% |
| Cost of goods sold [+] | 21,428.0 | 17,897.0 | 28,498.0 | 28,063.0 | 24,909.0 | 22,780.0 | 24,133.0 | 27,890.0 |
| Labor costs | 9,566.0 | 9,522.0 | 12,071.0 | 11,458.0 | 10,941.0 | 10,176.0 | 9,713.0 | 8,935.0 |
| Fuel costs | 5,755.0 | 3,153.0 | 8,953.0 | 9,307.0 | 6,913.0 | 5,813.0 | 7,522.0 | 11,675.0 |
| Lease costs | 2,644.0 | 2,325.0 | 2,831.0 | 2,882.0 | 2,931.0 | 2,845.0 | 2,957.0 | 3,157.0 |
| Airline capacity purchase arrangements | 2,147.0 | 2,039.0 | 2,849.0 | 2,649.0 | 2,268.0 | 2,197.0 | 2,290.0 | 2,344.0 |
| Aircraft maintenance, materials and repairs | 1,316.0 | 858.0 | 1,794.0 | 1,767.0 | 1,856.0 | 1,749.0 | 1,651.0 | 1,779.0 |
| Aircraft rental | 228.0 | 198.0 | 288.0 | 433.0 | 621.0 | 680.0 | 754.0 | 883.0 |
| Landing fees and other rentals | 2,416.0 | 2,127.0 | 2,543.0 | 2,449.0 | 2,310.0 | 2,165.0 | 2,203.0 | 2,274.0 |
| Gross profit | 3,206.0 | -2,542.0 | 14,761.0 | 13,240.0 | 12,875.0 | 13,778.0 | 13,731.0 | 11,011.0 |
| Gross margin | 13.0% | -16.6% | 34.1% | 32.1% | 34.1% | 37.7% | 36.3% | 28.3% |
| Selling, general and administrative [+] | 677.0 | 459.0 | 1,651.0 | 1,558.0 | 1,435.0 | 1,395.0 | 1,360.0 | 1,373.0 |
| Sales and marketing | 677.0 | 459.0 | 1,651.0 | 1,558.0 | 1,435.0 | 1,395.0 | 1,342.0 | 1,373.0 |
| Other selling, general and administrative | | | | | | | 18.0 | |
| Equity in earnings | | | | | | | | |
| Other operating expenses | 4,433.0 | 3,430.0 | 6,275.0 | 5,801.0 | 5,538.0 | 5,317.0 | 5,028.0 | 5,143.0 |
| EBITDA [+] | -1,904.0 | -6,431.0 | 6,835.0 | 5,881.0 | 5,902.0 | 7,066.0 | 7,343.0 | 4,495.0 |
| EBITDA growth | -70.4% | -194.1% | 16.2% | -0.4% | -16.5% | -3.8% | 63.4% | 30.0% |
| EBITDA margin | -7.7% | -41.9% | 15.8% | 14.2% | 15.6% | 19.3% | 19.4% | 11.6% |
| Depreciation | 2,436.0 | 2,433.0 | 2,228.0 | 2,098.0 | 2,017.0 | 1,887.0 | 1,714.0 | 1,551.0 |
| EBITA | -4,340.0 | -8,864.0 | 4,607.0 | 3,783.0 | 3,885.0 | 5,179.0 | 5,629.0 | 2,944.0 |
| EBITA margin | -17.6% | -57.7% | 10.6% | 9.2% | 10.3% | 14.2% | 14.9% | 7.6% |
| Amortization of intangibles | 49.0 | 55.0 | 60.0 | 67.0 | 79.0 | 90.0 | 105.0 | 128.0 |
| EBIT [+] | -4,389.0 | -8,919.0 | 4,547.0 | 3,716.0 | 3,806.0 | 5,089.0 | 5,524.0 | 2,816.0 |
| EBIT growth | -50.8% | -296.2% | 22.4% | -2.4% | -25.2% | -7.9% | 96.2% | 59.2% |
| EBIT margin | -17.8% | -58.1% | 10.5% | 9.0% | 10.1% | 13.9% | 14.6% | 7.2% |
| Non-recurring items [+] | -3,367.0 | -2,560.0 | 246.0 | 487.0 | 188.0 | 745.0 | 358.0 | 443.0 |
| Asset impairment | -3,367.0 | 56.0 | 246.0 | 487.0 | 176.0 | 745.0 | 326.0 | 443.0 |
| Unusual expense | | -2,616.0 | | | 12.0 | | | |
| Interest expense, net [+] | -36.0 | -50.0 | -133.0 | -101.0 | -57.0 | 632.0 | 644.0 | 713.0 |
| Interest expense | | | | | | 674.0 | 669.0 | 735.0 |
| Interest income | 36.0 | 50.0 | 133.0 | 101.0 | 57.0 | 42.0 | 25.0 | 22.0 |
| Other income (expense), net [+] | -1,571.0 | -2,513.0 | -520.0 | -682.0 | -652.0 | 61.0 | -303.0 | -532.0 |
| Other | 40.0 | -1,327.0 | -27.0 | -72.0 | -100.0 | -11.0 | -352.0 | -584.0 |
| Pre-tax income | -2,557.0 | -8,822.0 | 3,914.0 | 2,648.0 | 3,023.0 | 3,773.0 | 4,219.0 | 1,128.0 |
| Income taxes | -593.0 | -1,753.0 | 905.0 | 526.0 | 880.0 | 1,539.0 | -3,121.0 | -4.0 |
| Tax rate | 23.2% | 19.9% | 23.1% | 19.9% | 29.1% | 40.8% | | |
| Net income | -1,964.0 | -7,069.0 | 3,009.0 | 2,122.0 | 2,143.0 | 2,234.0 | 7,340.0 | 1,132.0 |
| Net margin | -8.0% | -46.0% | 7.0% | 5.1% | 5.7% | 6.1% | 19.4% | 2.9% |
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| Basic EPS [+] | ($6.10) | ($25.30) | $11.63 | $7.70 | $7.08 | $6.77 | $19.52 | $3.05 |
| Growth | -75.9% | -317.6% | 51.0% | 8.8% | 4.5% | -65.3% | 539.8% | 85.9% |
| Diluted EPS [+] | ($6.10) | ($25.30) | $11.58 | $7.67 | $7.06 | $6.76 | $19.47 | $2.90 |
| Growth | -75.9% | -318.5% | 51.0% | 8.6% | 4.4% | -65.3% | 570.4% | 98.9% |
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| Shares outstanding (basic) [+] | 321.9 | 279.4 | 258.8 | 275.5 | 302.7 | 329.9 | 376.1 | 371.1 |
| Growth | 15.2% | 8.0% | -6.1% | -9.0% | -8.2% | -12.3% | 1.3% | 6.6% |
| Shares outstanding (diluted) [+] | 321.9 | 279.4 | 259.9 | 276.7 | 303.6 | 330.3 | 376.9 | 389.7 |
| Growth | 15.2% | 7.5% | -6.1% | -8.9% | -8.1% | -12.4% | -3.3% | -0.3% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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