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What they are looking for is a completed degree, you can have a degree in anything like knitting socks.When you complete the 4 yrs it shows that you can stick with something, and they like commitment. Really on your interview the 'Do you have a college degree?' is a fill in the bubble question, not an essay.
But that's where the interview comes in. Obviously, you have to have a college degree to even apply for most of these jobs. If you're "bubble sheet" looks favorable, and you get called in for an interview, the fact that you got a degree knitting socks from Online American University will be there, and chances are that is going to stick out and they are going to ask you about it. I would bet the airlines want to see not only that you are committed to something, but that you challenged yourself and worked hard.