If you are talking about an airline, ignore the profit/loss (net) statement and follow the money; both the operating cash flow and any unexplained increases or decreases in "liquidity" (i.e. cash).
"During the second quarter, the company generated $959 million of operating cash flow...."
"UAL ended the second quarter with $8.2 billion in unrestricted liquidity, comprised of $7.7 billion of cash, cash equivalents and short-term investments and $500 million of undrawn commitments under a revolving credit facility."
For comparison, DAL reported $683 million in operating cash flow and ended the quarter with $3.5 billion in cash and short-term investments.
The conclusion: FUPM