Air Canada 2009 Annual Report Download - page 86

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86
2009 Air Canada Annual Report
CONSOLIDATED STATEMENT OF OPERATIONS
For the year ended December 31
(Canadian dollars in millions except per share fi gures) 2009 2008
Operating revenues
Passenger $ 8,499 $ 9,713
Cargo 358 515
Other 882 854
9,739 11,082
Operating expenses
Aircraft fuel 2,448 3,419
Wages, salaries and benefi ts 1,751 1,877
Airport and navigation fees 971 1,001
Capacity purchase with Jazz Note 2D 973 948
Depreciation and amortization Notes 3 &4 660 694
Aircraft maintenance 759 659
Food, beverages and supplies 291 314
Communications and information technology 293 286
Aircraft rent 335 279
Commissions 186 194
Other 1,388 1,450
10,055 11,121
Operating loss before under noted item (316) (39)
Provision for cargo investigations Note 17 – (125)
Operating loss (316) (164)
Non-operating income (expense)
Interest income 14 57
Interest expense (373) (319)
Interest capitalized 4 37
Loss on assets Note 3 (95) (34)
Gain on fi nancial instruments recorded at fair value Note 15 95 92
Other – (3)
(355) (170)
Loss before the following items (671) (334)
Non-controlling interest (15) (12)
Foreign exchange gain (loss) 657 (655)
Recovery of (provision for) income taxes
Current Note 7 7 (1)
Future Note 7 (2) (23)
Loss for the year $ (24) $ (1,025)
Loss per share
Basic and diluted Note 12 $ (0.18) $ (10.25)
The accompanying notes are an integral part of the consolidated fi nancial statements.