Financial Derivative Instruments - Fair Values of Fuel Derivatives Amounts Posted as Collateral (Details) - Fuel derivatives $ in Millions | Jun. 30, 2015USD ($) |
Schedule Of Fair Values Of Fuel Derivatives Amounts Posted As Collateral And Collateral Posting Thresholds [Line Items] | | |
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | | $ (1,028) |
Cash collateral held by CP | | (660) |
Aircraft collateral pledged to CP | | 0 |
Letters of credit (LC) | | 0 |
Counterparty A | | |
Schedule Of Fair Values Of Fuel Derivatives Amounts Posted As Collateral And Collateral Posting Thresholds [Line Items] | | |
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | | (536) |
Cash collateral held by CP | | (469) |
Aircraft collateral pledged to CP | | 0 |
Letters of credit (LC) | | 0 |
Counterparty B | | |
Schedule Of Fair Values Of Fuel Derivatives Amounts Posted As Collateral And Collateral Posting Thresholds [Line Items] | | |
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | | (112) |
Cash collateral held by CP | | (71) |
Aircraft collateral pledged to CP | | 0 |
Letters of credit (LC) | | 0 |
Counterparty C | | |
Schedule Of Fair Values Of Fuel Derivatives Amounts Posted As Collateral And Collateral Posting Thresholds [Line Items] | | |
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | | (104) |
Cash collateral held by CP | | (8) |
Aircraft collateral pledged to CP | | 0 |
Letters of credit (LC) | | 0 |
Counterparty D | | |
Schedule Of Fair Values Of Fuel Derivatives Amounts Posted As Collateral And Collateral Posting Thresholds [Line Items] | | |
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | | (178) |
Cash collateral held by CP | | (112) |
Aircraft collateral pledged to CP | | 0 |
Letters of credit (LC) | | 0 |
Counterparty E | | |
Schedule Of Fair Values Of Fuel Derivatives Amounts Posted As Collateral And Collateral Posting Thresholds [Line Items] | | |
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | | (32) |
Cash collateral held by CP | | 0 |
Aircraft collateral pledged to CP | | 0 |
Letters of credit (LC) | | 0 |
Counterparty F | | |
Schedule Of Fair Values Of Fuel Derivatives Amounts Posted As Collateral And Collateral Posting Thresholds [Line Items] | | |
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | | (45) |
Cash collateral held by CP | | 0 |
Aircraft collateral pledged to CP | | 0 |
Letters of credit (LC) | | 0 |
Counterparty Other | | |
Schedule Of Fair Values Of Fuel Derivatives Amounts Posted As Collateral And Collateral Posting Thresholds [Line Items] | | |
Derivative Liability, Fair Value, Amount Not Offset Against Collateral | [1] | (21) |
Cash collateral held by CP | [1] | 0 |
Aircraft collateral pledged to CP | [1] | 0 |
Letters of credit (LC) | [1] | 0 |
Minimum | Counterparty A | | |
If credit rating is investment grade, fair value of fuel derivative level at which: | | |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 1 | | (50) |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 2 | | (600) |
Fair value of fuel derivative level at which cash is received from CP | | 50 |
Fair value of fuel derivative levels at which aircraft or cash collateral is pledged to CP | [2] | (200) |
If credit rating is non-investment grade, fair value of fuel derivative level at which: | | |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 1 | | 0 |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 2 | | $ (600) |
Fair value of fuel derivative level at which cash is received from CP | [3] | |
Fair value of fuel derivative levels at which aircraft or cash collateral is pledged to CP | | $ (200) |
Minimum | Counterparty B | | |
Schedule Of Fair Values Of Fuel Derivatives Amounts Posted As Collateral And Collateral Posting Thresholds [Line Items] | | |
Option to substitute LC for aircraft | [4] | (100) |
Option to substitute LC for cash Threshold 1 | | (500) |
If credit rating is investment grade, fair value of fuel derivative level at which: | | |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 1 | | (50) |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 2 | | (500) |
Fair value of fuel derivative level at which cash is received from CP | | 150 |
Fair value of fuel derivative levels at which aircraft or cash collateral is pledged to CP | | (100) |
If credit rating is non-investment grade, fair value of fuel derivative level at which: | | |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 1 | | 0 |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 2 | | $ (500) |
Fair value of fuel derivative level at which cash is received from CP | [3] | |
Fair value of fuel derivative levels at which aircraft or cash collateral is pledged to CP | | $ (100) |
Minimum | Counterparty C | | |
Schedule Of Fair Values Of Fuel Derivatives Amounts Posted As Collateral And Collateral Posting Thresholds [Line Items] | | |
Option to substitute LC for cash Threshold 1 | [5] | (100) |
If credit rating is investment grade, fair value of fuel derivative level at which: | | |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 1 | | (95) |
Fair value of fuel derivative level at which cash is received from CP | [6] | $ 175 |
If credit rating is non-investment grade, fair value of fuel derivative level at which: | | |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 1 | [3] | |
Fair value of fuel derivative level at which cash is received from CP | [3] | |
Minimum | Counterparty D | | |
Schedule Of Fair Values Of Fuel Derivatives Amounts Posted As Collateral And Collateral Posting Thresholds [Line Items] | | |
Option to substitute LC for aircraft | [4] | $ (150) |
Option to substitute LC for cash Threshold 1 | [4] | (75) |
Option to substitute LC for cash Threshold 2 | [4] | (550) |
If credit rating is investment grade, fair value of fuel derivative level at which: | | |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 1 | | (75) |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 2 | | (550) |
Fair value of fuel derivative level at which cash is received from CP | | 200 |
Fair value of fuel derivative levels at which aircraft or cash collateral is pledged to CP | [4] | (150) |
If credit rating is non-investment grade, fair value of fuel derivative level at which: | | |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 1 | | 0 |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 2 | | $ (550) |
Fair value of fuel derivative level at which cash is received from CP | [3] | |
Fair value of fuel derivative levels at which aircraft or cash collateral is pledged to CP | | $ (150) |
Minimum | Counterparty E | | |
If credit rating is investment grade, fair value of fuel derivative level at which: | | |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 1 | | (65) |
Fair value of fuel derivative level at which cash is received from CP | | $ 30 |
If credit rating is non-investment grade, fair value of fuel derivative level at which: | | |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 1 | [3] | |
Fair value of fuel derivative level at which cash is received from CP | [3] | |
Minimum | Counterparty F | | |
Schedule Of Fair Values Of Fuel Derivatives Amounts Posted As Collateral And Collateral Posting Thresholds [Line Items] | | |
Option to substitute LC for cash Threshold 1 | [7] | |
If credit rating is investment grade, fair value of fuel derivative level at which: | | |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 1 | | $ (50) |
Fair value of fuel derivative level at which cash is received from CP | | $ 50 |
If credit rating is non-investment grade, fair value of fuel derivative level at which: | | |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 1 | [3] | |
Fair value of fuel derivative level at which cash is received from CP | [3] | |
Maximum | Counterparty A | | |
Schedule Of Fair Values Of Fuel Derivatives Amounts Posted As Collateral And Collateral Posting Thresholds [Line Items] | | |
Option to substitute LC for aircraft | [8] | $ (400) |
If credit rating is investment grade, fair value of fuel derivative level at which: | | |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 1 | | (200) |
Fair value of fuel derivative levels at which aircraft or cash collateral is pledged to CP | [2] | (600) |
If credit rating is non-investment grade, fair value of fuel derivative level at which: | | |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 1 | | (200) |
Fair value of fuel derivative levels at which aircraft or cash collateral is pledged to CP | | (600) |
Maximum | Counterparty B | | |
Schedule Of Fair Values Of Fuel Derivatives Amounts Posted As Collateral And Collateral Posting Thresholds [Line Items] | | |
Option to substitute LC for aircraft | [4] | (500) |
If credit rating is investment grade, fair value of fuel derivative level at which: | | |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 1 | | (100) |
Fair value of fuel derivative levels at which aircraft or cash collateral is pledged to CP | [4] | (500) |
If credit rating is non-investment grade, fair value of fuel derivative level at which: | | |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 1 | | (100) |
Fair value of fuel derivative levels at which aircraft or cash collateral is pledged to CP | | (500) |
Maximum | Counterparty C | | |
Schedule Of Fair Values Of Fuel Derivatives Amounts Posted As Collateral And Collateral Posting Thresholds [Line Items] | | |
Option to substitute LC for cash Threshold 1 | [5] | (150) |
Maximum | Counterparty D | | |
Schedule Of Fair Values Of Fuel Derivatives Amounts Posted As Collateral And Collateral Posting Thresholds [Line Items] | | |
Option to substitute LC for aircraft | [4] | (550) |
Option to substitute LC for cash Threshold 1 | [4] | (150) |
If credit rating is investment grade, fair value of fuel derivative level at which: | | |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 1 | | (150) |
Fair value of fuel derivative levels at which aircraft or cash collateral is pledged to CP | [4] | (550) |
If credit rating is non-investment grade, fair value of fuel derivative level at which: | | |
Fair value of fuel derivative levels at which cash is provided to CP Threshold 1 | | (150) |
Fair value of fuel derivative levels at which aircraft or cash collateral is pledged to CP | | $ (550) |
| |
[1] | Individual counterparties with fair value of fuel derivatives <$10 million. | |
[2] | The Company has the option of providing cash or pledging aircraft as collateral. | |
[3] | Cash collateral is provided at 100 percent of fair value of fuel derivative contracts. | |
[4] | The Company has the option of providing cash, letters of credit, or pledging aircraft as collateral. | |
[5] | The Company has the option of providing cash or letters of credit as collateral. | |
[6] | Thresholds may vary based on changes in credit ratings within investment grade. | |
[7] | The Company has the option to substitute letters of credit for 100 percent of cash collateral requirement. | |
[8] | The Company has the option of providing letters of credit in addition to aircraft collateral if the appraised value of the aircraft does not meet the collateral requirements. | |