| Schedule of Segment Reporting Information |
| | | | | | | | | | | | | | | | | | | | | | Financial information by segment | | (in millions) | Airline | Refinery | | Intersegment Sales/Other | | Consolidated | Three Months Ended September 30, 2024 | | | | | | | | Operating revenue | $ | 14,594 | | $ | 1,912 | | | $ | (829) | | (1) | $ | 15,677 | | | | | | | | | | | | | | | | | | | | | | | | Depreciation and amortization | 643 | | 29 | | | (29) | | (2) | 643 | | Operating income/(loss) | 1,430 | | (33) | | (2) | — | | | 1,397 | | | Interest expense/(income), net | 173 | | (8) | | | 8 | | | 173 | | | | | | | | | | Total assets, end of period | 72,954 | | 2,490 | | | (76) | | | 75,368 | | | | | | | | | | Capital expenditures | 1,312 | | 16 | | | — | | | 1,328 | | | | | | | | | Three Months Ended September 30, 2023 | | | | | | | | Operating revenue | $ | 14,553 | | $ | 1,886 | | | $ | (951) | | (1) | $ | 15,488 | | | | | | | | | | | | | | | | | | | | | | | | Depreciation and amortization | 594 | | 23 | | | (23) | | (2) | 594 | | Operating income | 1,865 | | 119 | | (2) | — | | | 1,984 | | | Interest expense, net | 196 | | 6 | | | (6) | | | 196 | | | | | | | | | | Total assets, end of period | 69,851 | | 3,397 | | | (1) | | | 73,247 | | | | | | | | | | Capital expenditures | 1,201 | | 68 | | | — | | | 1,269 | |
| | | | | | | | | | | | | | | | | | | | | | | (in millions) | Airline | Refinery | | Intersegment Sales/Other | | Consolidated | Nine Months Ended September 30, 2024 | | | | | | | | Operating revenue | $ | 42,564 | | $ | 6,011 | | | $ | (2,491) | | (1) | $ | 46,084 | | | Depreciation and amortization | 1,878 | | 86 | | | (86) | | (2) | 1,878 | | | Operating income | 4,202 | | 76 | | (2) | — | | | 4,278 | | | Interest expense, net | 567 | | 3 | | | (3) | | | 567 | | | Capital expenditures | 3,783 | | 47 | | | — | | | 3,830 | | | | | | | | | Nine Months Ended September 30, 2023 | | | | | | | | Operating revenue | $ | 41,008 | | $ | 6,274 | | | $ | (3,457) | | (1) | $ | 43,825 | | | Depreciation and amortization | 1,731 | | 69 | | | (69) | | (2) | 1,731 | | | Operating income | 3,814 | | 385 | | (2) | — | | | 4,199 | | | Interest expense, net | 627 | | 14 | | | (14) | | | 627 | | | Capital expenditures | 3,594 | | 127 | | | — | | | 3,721 | |
(1)See table below for detail of the intersegment operating revenue amounts. (2)Refinery segment operating results, including depreciation and amortization, are included within aircraft fuel and related taxes in our income statement.
| | | | | | | | | | | | | | | | | | | Operating revenue intersegment sales/other | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | (in millions) | 2024 | 2023 | | 2024 | 2023 | Sales to airline segment(1) | $ | (369) | | $ | (385) | | | $ | (1,147) | | $ | (1,346) | | Exchanged products(2) | (349) | | (519) | | | (1,147) | | (1,848) | | Sales of refined products | (111) | | (47) | | | (197) | | (263) | | | Total operating revenue intersegment sales/other | $ | (829) | | $ | (951) | | | $ | (2,491) | | $ | (3,457) | |
(1)Represents transfers, valued on a market price basis, from the refinery to the airline segment for use in airline operations. We determine market price for jet fuel from the refinery by reference to the market index for the primary delivery location, which is New York Harbor. (2)Represents value of products delivered under our exchange agreements, as discussed above, determined on a market price basis.
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