Airtran 2005 Annual Report Download - page 12

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The following financial information for the five years ended December 31, 2005 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) 2005 2004 2003 2002 2001
Financial Data : :
Operating revenues $1,450,544 $1,041,422 $918,040 $733,370 $665,164
Net income (loss) $ 1,722 $ 12,255(1) $100,517(2) $ 10,745(3) $ (2,757)(4)
Earnings (loss) per common share:
Basic $ 0.02 $ 0.14 $ 1.33 $ 0.15 $ (0.04)
Diluted $ 0.02 $ 0.14 $ 1.21 $ 0.15 $ (0.04)
Total assets at year-end $1,158,909 $ 905,731 $808,364 $473,450 $497,816
Long-term debt obligations including current maturities at year-end $ 472,599 $ 313,970 $246,836 $210,173 $268,211
Operating Data : :
Revenue passengers 16,638,214 13,170,230 11,651,340 9,653,777 8,302,732
Revenue passenger miles (RPM) (000s)(5) 11,301,534 8,479,262 7,143,125 5,581,263 4,506,007
Available seat miles (ASM) (000s)(6) 15,369,505 11,977,443 10,046,385 8,255,809 6,537,756
Passenger load factor(7) 73.5% 70.8% 71.1% 67.6% 68.9%
Break-even load factor(8) 73.4% 69.4% 64.1% 66.7% 66.3%
Average fare $ 83.98 $ 76.33 $ 76.38 $ 73.93 $ 78.11
Average yield per RPM(9) 12.36¢ 11.86¢ 12.46¢ 12.79¢ 14.39¢
Passenger revenue per ASM(10) 9.09¢ 8.39¢ 8.86¢ 8.64¢ 9.92¢
Operating cost per ASM (CASM)(11) 9.35¢ 8.42¢ 8.28¢ 8.51¢ 9.33¢
Average stage length (miles) 651 628 599 567 541
Average cost of aircraft fuel per gallon, including fuel taxes 184.94¢ 120.42¢ 98.39¢ 90.37¢ 93.85¢
Average daily utilization (hours:minutes)(12) 11:00 10:54 10:56 10:36 9:54
Number of operating aircraft in fleet at end of period 105 87 74 65 59
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 write-off 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 B737-200 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
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SELECTED FINANCIAL AND OPERATING DATA