Overview Financials News + Filings Key Docs Charts Ownership Insiders
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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 8-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Passenger | | | | | | | | 18,299.0 |
| Freight | | | | | | | | 179.0 |
| Other | | | | | | | | 1,342.0 |
| Total revenues [+] | 23,814.0 | 15,790.0 | 9,048.0 | 22,428.0 | 21,965.0 | 21,146.0 | 33,361.0 | 19,820.0 |
| Passenger | | | | | | | | 18,299.0 |
| Cargo & freight | | | | | | | | 179.0 |
| Other | | | | | | | | 1,170.0 |
| Revenue growth [+] | 50.8% | 74.5% | -59.7% | 2.1% | 3.9% | -36.6% | 68.3% | 6.5% |
| Passenger | | | | | | | | 3.6% |
| Freight | | | | | | | | 2.3% |
| Cost of goods sold [+] | 16,203.0 | 13,363.0 | 10,650.0 | 15,226.0 | 14,706.0 | 13,674.0 | 13,072.0 | 12,408.0 |
| Labor costs | | 7,743.0 | 6,811.0 | 8,293.0 | 7,649.0 | 7,305.0 | 6,786.0 | 6,383.0 |
| Sales commissions and fees | 9,376.0 | | | | | | | |
| Fuel costs | 5,975.0 | 3,310.0 | 1,849.0 | 4,347.0 | 4,616.0 | 4,076.0 | 3,801.0 | 3,616.0 |
| Maintenance and operations costs | 852.0 | | | | | | | |
| Aircraft maintenance, materials and repairs | | 854.0 | 750.0 | 1,223.0 | 1,107.0 | 1,001.0 | 1,045.0 | 1,005.0 |
| Aircraft rental | | | | | | | 229.0 | 238.0 |
| Landing fees and other rentals | | 1,456.0 | 1,240.0 | 1,363.0 | 1,334.0 | 1,292.0 | 1,211.0 | 1,166.0 |
| Gross profit | 7,611.0 | 2,427.0 | -1,602.0 | 7,202.0 | 7,259.0 | 7,472.0 | 20,289.0 | 7,412.0 |
| Gross margin | 32.0% | 15.4% | -17.7% | 32.1% | 33.0% | 35.3% | 60.8% | 37.4% |
| Selling, general and administrative | 3,735.0 | 3,666.0 | 3,181.0 | 4,245.0 | 4,053.0 | 17,739.0 | 16,767.0 | 15,704.0 |
| Other operating expenses | 3,876.0 | -4,232.0 | -2,222.0 | -1,219.0 | -1,201.0 | -14,892.0 | -1,221.0 | -13,462.0 |
| EBITDA [+] | 1,351.0 | 2,993.0 | -2,561.0 | 4,176.0 | 4,407.0 | 4,625.0 | 4,743.0 | 5,170.0 |
| EBITDA growth | -54.9% | -216.9% | -161.3% | -5.2% | -4.7% | -2.5% | -8.3% | 57.2% |
| EBITDA margin | 5.7% | 19.0% | -28.3% | 18.6% | 20.1% | 21.9% | 14.2% | 26.1% |
| Depreciation | 1,351.0 | 1,272.0 | 1,255.0 | 1,219.0 | 1,201.0 | 1,205.0 | 1,204.0 | 996.0 |
| EBITA | 0.0 | 1,721.0 | -3,816.0 | 2,957.0 | 3,206.0 | 3,420.0 | 3,539.0 | 4,174.0 |
| EBITA margin | 0.0% | 10.9% | -42.2% | 13.2% | 14.6% | 16.2% | 10.6% | 21.1% |
| Amortization of intangibles | | | | | | 13.0 | 17.0 | 19.0 |
| EBIT [+] | 0.0 | 1,721.0 | -3,816.0 | 2,957.0 | 3,206.0 | 3,407.0 | 3,522.0 | 4,155.0 |
| EBIT growth | -100.0% | -145.1% | -229.0% | -7.8% | -5.9% | -3.3% | -15.2% | 76.7% |
| EBIT margin | 0.0% | 10.9% | -42.2% | 13.2% | 14.6% | 16.1% | 10.6% | 21.0% |
| Non-recurring items [+] | | | | | | | | 39.0 |
| Restructuring charges | | | | | | | | 39.0 |
| Interest expense, net [+] | | -13.0 | -32.0 | -90.0 | -69.0 | 79.0 | 98.0 | 112.0 |
| Interest expense | | | | | | 114.0 | 122.0 | 121.0 |
| Interest income | | 13.0 | 32.0 | 90.0 | 69.0 | 35.0 | 24.0 | 9.0 |
| Other income (expense), net [+] | | -409.0 | -472.0 | -90.0 | -111.0 | -63.0 | 26.0 | -525.0 |
| Gain (loss) on debt retirement | 193.0 | | | | | | | |
| Other | | 22.0 | -158.0 | -8.0 | -18.0 | -112.0 | -21.0 | -556.0 |
| Pre-tax income | 0.0 | 1,325.0 | -4,256.0 | 2,957.0 | 3,164.0 | 3,265.0 | 3,450.0 | 3,479.0 |
| Income taxes | 0.0 | 348.0 | -1,182.0 | 657.0 | 699.0 | -92.0 | 1,267.0 | 1,298.0 |
| Tax rate | | 26.3% | 27.8% | 22.2% | 22.1% | | 36.7% | 37.3% |
| Net income | 0.0 | 977.0 | -3,074.0 | 2,300.0 | 2,465.0 | 3,357.0 | 2,183.0 | 2,181.0 |
| Net margin | 0.0% | 6.2% | -34.0% | 10.3% | 11.2% | 15.9% | 6.5% | 11.0% |
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| Basic EPS [+] | | $1.65 | ($5.44) | $4.28 | $4.30 | $5.59 | $3.48 | $3.30 |
| Growth | | -130.3% | -227.3% | -0.6% | -23.0% | 60.4% | 5.5% | 99.5% |
| Diluted EPS [+] | | $1.60 | ($5.44) | $4.27 | $4.29 | $5.57 | $3.45 | $3.26 |
| Growth | | -129.5% | -227.5% | -0.6% | -22.9% | 61.4% | 5.8% | 99.7% |
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| Dividends per share [+] | | | $0.18 | $0.70 | $0.61 | $0.48 | $0.38 | $0.29 |
| Growth | | -100.0% | -74.3% | 15.7% | 27.4% | 26.7% | 31.6% | 29.5% |
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| Shares outstanding (basic) [+] | | 592.0 | 565.0 | 538.0 | 573.0 | 601.0 | 627.0 | 661.0 |
| Growth | | 4.8% | 5.0% | -6.1% | -4.7% | -4.1% | -5.1% | -3.8% |
| Shares outstanding (diluted) [+] | | 609.0 | 565.0 | 539.0 | 574.0 | 603.0 | 633.0 | 669.0 |
| Growth | | 7.8% | 4.8% | -6.1% | -4.8% | -4.7% | -5.4% | -3.9% |
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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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