Airtran 2004 Annual Report Download - page 9

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9
2004 Annual Report
SELECTED FINANCIAL AND OPERATING DATA
The following financial information for the five years ended December 31, 2004 has been derived from our consolidated financial statements. This
information should be read in conjunction with the consolidated financial statements and related Notes thereto included elsewhere herein.
(in 000s, except per share data) 2004 2003 2002 2001 2000
FINANCIAL DATA:
Operating revenues $1,041,422 $918,040 $733,370 $665,164 $624,094
Net income (loss) $ 12,255(1) $100,517(2) $ 10,745(3) $ (2,757)(4) $ 47,436
Earnings (loss) per common share:
Basic $ 0.14 $ 1.33 $ 0.15 $ (0.04) $ 0.72
Diluted $ 0.14 $ 1.21 $ 0.15 $ (0.04) $ 0.69
Total assets at year-end $ 905,731 $808,364 $473,450 $497,816 $546,255
Long-term debt obligations including current
maturities at year-end $ 313,970 $246,836 $210,173 $268,211 $427,903
OPERATING DATA:
Revenue passengers 13,170,230 11,651,340 9,653,777 8,302,732 7,566,986
Revenue passenger miles (RPM) (000s)(5) 8,479,262 7,143,125 5,581,263 4,506,007 4,115,745
Available seat miles (ASM) (000s)(6) 11,977,443 10,046,385 8,255,809 6,537,756 5,859,395
Passenger load factor(7) 70.8% 71.1% 67.6% 68.9% 70.2%
Break-even load factor(8) 69.4% 64.1% 66.7% 66.3% 64.7%
Average fare $ 76.33 $ 76.38 $ 73.93 $ 78.11 $ 79.93
Average yield per RPM(9) 11.86¢ 12.46¢ 12.79¢ 14.39¢ 14.70¢
Passenger revenue per ASM(10) 8.39¢ 8.86¢ 8.64¢ 9.92¢ 10.32¢
Operating cost per ASM(11) 8.42¢ 8.28¢ 8.51¢ 9.33¢ 9.27¢
Average stage length (miles) 628 599 567 541 537
Average cost of aircraft fuel per gallon, including fuel taxes 120.42¢ 98.39¢ 90.37¢ 93.85¢ 100.89¢
Average daily utilization (hours:minutes)(12) 10:54 10:56 10:36 9:54 10:18
Number of operating aircraft in fleet at end of period 87 74 65 59 53
Note: All special items listed below are pre-tax.
(1) Includes a $1.3 million credit related to our unsuccessful bid for certain leased gates and other assets of another airline at Chicago’s Midway airport
(2) Includes a $38.1 million payment under the Wartime Act, deferred debt discount/issuance cost amortization of $12.3 million and reversal of a tax valuation allowance of $15.9 million
(3) Includes a $0.6 million grant from the U.S. government pursuant to the Air Transportation Safety and System Stabilization Act (the Stabilization Act)
(4) Includes a $28.0 million impairment loss related to our DC-9 fleet, an $18.1 million impairment loss/lease termination charge related to our retired B737 fleet, special charges of
$2.5 million incurred during the federal ground stop order, a $29.0 million grant from the U.S. government pursuant to the Stabilization Act, and the cumulative effect of a change in
accounting principle of $0.7 million
(5) The number of scheduled revenue miles flown by passengers
(6) The number of seats available for passengers multiplied by the number of scheduled miles each seat is flown
(7) The percentage of aircraft seating capacity that is actually utilized (RPMs divided by ASMs)
(8) The percentage of seats that must be occupied by revenue passengers in order for us to break even on a pre-tax income basis
(9) The average amount one passenger pays to fly one mile
(10) Passenger revenue divided by ASMs
(11) Operating expenses, divided by ASMs
(12) The average amount of time per day that an aircraft flown is operated in revenue service