Delta Airlines 2006 Annual Report Download - page 62

Delta Air Lines, Inc.
Debtor and Debtor-In-Possession
Consolidated Statements of Operations
For the years ended December 31, 2006, 2005 and 2004
(in millions, except per share data) 2006 2005 2004
OPERATING REVENUE:
Passenger:
Mainline $ 11,773 $ 11,399 $ 10,880
Regional affiliates 3,853 3,225 2,910
Cargo 498 524 500
Other, net 1,047 1,043 945
Total operating revenue 17,171 16,191 15,235
OPERATING EXPENSE:
Aircraft fuel 4,319 4,271 2,924
Salaries and related costs 4,128 5,058 6,338
Contract carrier arrangements 2,656 1,318 932
Depreciation and amortization 1,276 1,273 1,244
Contracted services 1,083 1,096 999
Passenger commissions and other selling expenses 888 948 939
Landing fees and other rents 865 863 875
Aircraft maintenance materials and outside repairs 735 776 681
Passenger service 328 345 349
Aircraft rent 316 541 716
Restructuring, asset writedowns, pension settlements and related items, net 13 888 (41)
Impairment of intangible assets - - 1,875
Other 506 815 712
Total operating expense 17,113 18,192 18,543
OPERATING INCOME (LOSS) 58 (2,001) (3,308)
OTHER (EXPENSE) INCOME:
Interest expense (contractual interest expense equals $1,200 and $1,169
for the years ended December 31, 2006 and 2005, respectively) (870) (1,032) (824)
Interest income 69 59 37
(Loss) gain from sale of investments, net - (1) 123
Miscellaneous, net (19) - (20)
Total other expense, net (820) (974) (684)
LOSS BEFORE REORGANIZATION ITEMS (762) (2,975) (3,992)
REORGANIZATION ITEMS, NET (6,206) (884) -
LOSS BEFORE INCOME TAXES (6,968) (3,859) (3,992)
INCOME TAX BENEFIT (PROVISION) 765 41 (1,206)
NET LOSS (6,203) (3,818) (5,198)
PREFERRED STOCK DIVIDENDS (2) (18) (19)
NET LOSS ATTRIBUTABLE TO COMMON
SHAREOWNERS $ (6,205) $ (3,836) $ (5,217)
BASIC AND DILUTED LOSS PER SHARE $ (31.58) $ (23.75) $ (41.07)
The accompanying notes are an integral part of these Consolidated Financial Statements.
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