Alaska Airlines and Horizon Air 2007 Annual Report Download - page 127

ITEM 6. SELECTED CONSOLIDATED FINANCIAL AND
OPERATING DATA—(Continued)
2002 2001 2000 1999 1998 1997
Consolidated Operating Results
Year Ended December 31 (in millions,
except per share amounts):
Operating Revenues ................. $2,224.1 $2,152.8 $2,194.0 $2,091.5 $1,912.0 $1,747.4
Operating Expenses ................. 2,317.3 2,279.1 2,227.1 1,901.7 1,700.1 1,606.2
Operating Income (Loss) ............. (93.2) (126.3) (33.1) 189.8 211.9 141.2
Nonoperating income (expense), net of
interest capitalized (a) ............. (8.6) 62.8 6.2 23.2 (6.2) (15.5)
Income (loss) before income tax and
accounting change ................ (101.8) (63.5) (26.9) 213.0 205.7 125.7
Income (loss) before accounting
change ......................... (67.2) (43.4) (20.4) 129.4 125.3 73.8
Net Income (Loss) .................. $ (118.6) $ (43.4) $ (67.2) $ 129.4 $ 125.3 $ 73.8
Average basic shares outstanding ...... 26.546 26.499 26.440 26.372 23.388 14.785
Average diluted shares outstanding ..... 26.546 26.499 26.440 26.507 26.367 22.689
Basic earnings (loss) per share before
accounting change ................ $ (2.53) $ (1.64) $ (0.77) $ 4.91 $ 5.36 $ 4.99
Basic earnings (loss) per share ........ (4.47) (1.64) (2.54) 4.91 5.36 4.99
Diluted earnings (loss) per share before
accounting change ................ (2.53) (1.64) (0.77) 4.88 4.75 3.25
Diluted earnings (loss) per share ....... (4.47) (1.64) (2.54) 4.88 4.75 3.25
Consolidated Financial Position
At End of Period (in millions, except
ratio):
Total assets ....................... $2,880.7 $2,950.5 $2,528.1 $2,196.0 $1,742.6 $1,533.3
Long-term debt and capital lease
obligations, net of current portion .... 856.7 852.2 509.2 337.0 171.5 401.4
Shareholders’ equity ................ 655.7 851.3 895.1 959.2 822.1 509.4
Ratio of earnings to fixed charges (b) . . . 0.28 0.48 0.66 3.07 2.94 2.12
STATISTICS
Alaska Airlines Mainline Operating Data:
Revenue passengers (000) ........... 14,154 13,668 13,525 13,620 13,056 12,284
Revenue passenger miles (RPM)
(000,000) ....................... 13,186 12,249 11,986 11,777 11,283 10,386
Available seat miles (ASM) (000,000) . . . 19,360 17,919 17,315 17,341 16,807 15,436
Revenue passenger load factor ........ 68.1% 68.4% 69.2% 67.9% 67.1% 67.3%
Yield per passenger mile ............. 12.65¢ 13.12¢ 13.56¢ 12.86¢ 12.51¢ 12.49¢
Operating revenues per ASM .......... 9.47¢ 9.84¢ 10.20¢ 9.75¢ 9.41¢ 9.43¢
Operating expenses per ASM .......... 9.87¢ 10.24¢ 10.35¢ 9.81¢ 8.25¢ 8.54¢
Average number of full-time equivalent
employees ...................... 10,142 10,115 9,611 9,183 8,704 8,236
Operating fleet at period-end .......... 102 101 95 89 84 78
Horizon Air Combined Operating Data
(c):
Revenue passengers (000) ........... 4,815 4,668 5,044 4,984 4,389 3,686
Revenue passenger miles (RPM)
(000,000) ....................... 1,514 1,350 1,428 1,379 1,143 889
Available seat miles (ASM) (000,000) . . . 2,428 2,148 2,299 2,194 1,815 1,446
Revenue passenger load factor ........ 62.4% 62.8% 62.1% 62.9% 63.0% 61.5%
Yield per passenger mile ............. 26.02¢ 28.15¢ 29.82¢ 28.77¢ 29.02¢ 32.56¢
Operating revenues per ASM .......... 17.29¢ 19.02¢ 19.27¢ 18.96¢ 19.16¢ 21.00¢
Operating expenses per ASM .......... 17.87¢ 21.02¢ 19.53¢ 17.74¢ 18.16¢ 20.64¢
Average number of full-time equivalent
employees ...................... 3,476 3,764 3,795 3,603 3,019 2,756
Operating fleet at period-end .......... 63 60 62 62 60 62
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