Delta Airlines 2007 Annual Report Download - page 65

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Table of Contents
Index to Financial Statements
DELTA AIR LINES, INC.
Consolidated Statements of Operations
Successor Predecessor
Eight Months
Ended
December 31,
2007
Four Months
Ended
April 30,
2007
Year Ended
December 31,
(in millions, except per share data) 2006 2005
OPERATING REVENUE:
Passenger:
Mainline $ 8,929 $ 3,829 $11,640 $11,367
Regional affiliates 2,874 1,296 3,853 3,225
Cargo 334 148 498 524
Other, net 1,221 523 1,541 1,364
Total operating revenue 13,358 5,796 17,532 16,480
OPERATING EXPENSE:
Aircraft fuel and related taxes 3,416 1,270 4,433 4,466
Salaries and related costs 2,887 1,302 4,365 5,290
Contract carrier arrangements 2,196 956 2,656 1,318
Depreciation and amortization 778 386 1,276 1,273
Contracted services 670 326 918 936
Aircraft maintenance materials and outside repairs 663 320 921 893
Passenger commissions and other selling expenses 635 298 888 948
Landing fees and other rents 475 250 881 878
Passenger service 243 95 332 348
Aircraft rent 156 90 316 543
Profit sharing 144 14 — —
Restructuring, asset writedowns, pension settlements and related items, net — — 13 888
Other 299 189 475 700
Total operating expense 12,562 5,496 17,474 18,481
OPERATING INCOME (LOSS) 796 300 58 (2,001)
OTHER (EXPENSE) INCOME:
Interest expense (contractual interest expense totaled $366 for the four months ended April 30, 2007 and
$1,200 and $1,169 for the years ended December 31, 2006 and 2005, respectively) (390) (262) (870) (1,032)
Interest income 114 14 69 59
Miscellaneous, net 5 27 (19) (1)
Total other expense, net (271) (221) (820) (974)
INCOME (LOSS) BEFORE REORGANIZATION ITEMS, NET 525 79 (762) (2,975)
REORGANIZATION ITEMS, NET — 1,215 (6,206) (884)
INCOME (LOSS) BEFORE INCOME TAXES 525 1,294 (6,968) (3,859)
INCOME TAX (PROVISION) BENEFIT (211) 4 765 41
NET INCOME (LOSS) 314 1,298 (6,203) (3,818)
PREFERRED STOCK DIVIDENDS — — (2) (18)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHAREOWNERS $ 314 $ 1,298 $ (6,205) $ (3,836)
BASIC INCOME (LOSS) PER SHARE $ 0.80 $ 6.58 $ (31.58) $ (23.75)
DILUTED INCOME (LOSS) PER SHARE $ 0.79 $ 4.63 $ (31.58) $ (23.75)
The accompanying notes are an integral part of these Consolidated Financial Statements.
F-6