Question: Analysis includes horizontal and vertical changes for each line item for the 3 most current years. Consolidated Statement of Income (Loss) - USD ($) $

Analysis includes horizontal and vertical changes for each line item for the 3 most current years.

Consolidated Statement of Income (Loss) - USD ($) $ in Millions 12 Months Ended
Dec. 31, 2022 Dec. 31, 2021 Dec. 31, 2020
OPERATING REVENUES:
Total operating revenues $ 23,814 $ 15,790 $ 9,048
OPERATING EXPENSES, NET:
Salaries, wages, and benefits 9,376 7,743 6,811
Payroll support and voluntary Employee programs, net 0 (2,960) (967)
Fuel and oil 5,975 3,310 1,849
Maintenance materials and repairs 852 854 750
Landing fees and airport rentals 1,508 1,456 1,240
Depreciation and amortization 1,351 1,272 1,255
Other operating expenses 3,735 2,394 1,926
Total operating expenses, net 22,797 14,069 12,864
OPERATING INCOME (LOSS) 1,017 1,721 (3,816)
OTHER EXPENSES (INCOME):
Interest expense 340 467 349
Capitalized interest (39) (36) (35)
Interest income (217) (13) (32)
Loss on extinguishment 193 28 0
Other (gains) losses, net (12) 50 (158)
Total other expenses (income) 289 396 440
INCOME (LOSS) BEFORE INCOME TAXES 728 1,325 (4,256)
PROVISION (BENEFIT) FOR INCOME TAXES 189 348 (1,182)
NET INCOME (LOSS) $ 539 $ 977 $ (3,074)
NET INCOME (LOSS) PER SHARE, BASIC (in USD per share) $ 0.91 $ 1.65 $ (5.44)
NET INCOME (LOSS) PER SHARE, DILUTED (in USD per share) $ 0.87 $ 1.61 $ (5.44)
Passenger
OPERATING REVENUES:
Total operating revenues $ 21,408 $ 14,066 $ 7,665
Freight
OPERATING REVENUES:
Total operating revenues 177 187 161
Other
OPERATING REVENUES:
Total operating revenues $ 2,229 $ 1,537 $ 1,222

what is the Horizontal and Vertical analysis of the spreadsheet?

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