Delta Airlines 2008 Annual Report Download - page 73
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Table of Contents
Index to Financial Statements
DELTA AIR LINES, INC.
Consolidated Statements of Operations
Successor Predecessor
(in millions, except per share data)
Year Ended
December 31,
2008
Eight
Months
Ended
December 31,
2007
Four
Months
Ended
April 30,
2007
Year Ended
December 31,
2006
Operating Revenue:
Passenger:
Mainline $ 15,137 $ 8,929 $ 3,829 $ 11,640
Regional carriers 4,446 2,874 1,296 3,853
Total passenger revenue 19,583 11,803 5,125 15,493
Cargo 686 334 148 498
Other, net 2,428 1,221 523 1,541
Total operating revenue 22,697 13,358 5,796 17,532
Operating Expense:
Aircraft fuel and related taxes 7,346 3,416 1,270 4,433
Salaries and related costs 4,802 2,887 1,302 4,365
Contract carrier arrangements 3,616 2,196 956 2,656
Depreciation and amortization 1,266 778 386 1,276
Aircraft maintenance materials and outside repairs 1,169 663 320 921
Contracted services 1,153 670 326 918
Passenger commissions and other selling expenses 1,030 635 298 888
Landing fees and other rents 839 475 250 881
Passenger service 440 243 95 332
Aircraft rent 307 156 90 316
Profit sharing — 144 14 —
Impairment of goodwill and other intangible assets 7,296 — — —
Restructuring and merger-related items 1,131 — — 13
Other 616 299 189 475
Total operating expense 31,011 12,562 5,496 17,474
Operating (Loss) Income (8,314) 796 300 58
Other (Expense) Income:
Interest expense (contractual interest expense totaled $366 for the four months ended April 30, 2007
and $1,200 for the year ended December 31, 2006) (705) (390) (262) (870)
Interest income 92 114 14 69
Miscellaneous, net (114) 5 27 (19)
Total other expense, net (727) (271) (221) (820)
(Loss) Income Before Reorganization Items, Net (9,041) 525 79 (762)
Reorganization Items, Net — — 1,215 (6,206)
(Loss) Income Before Income Taxes (9,041) 525 1,294 (6,968)
Income Tax Benefit (Provision) 119 (211) 4 765
Net (Loss) Income (8,922) 314 1,298 (6,203)
Preferred Stock Dividends — — — (2)
Net (Loss) Income Attributable to Common Stockholders $ (8,922) $ 314 $ 1,298 $ (6,205)
Basic (Loss) Income per Share $ (19.08) $ 0.80 $ 6.58 $ (31.58)
Diluted (Loss) Income per Share $ (19.08) $ 0.79 $ 4.63 $ (31.58)
The accompanying notes are an integral part of these Consolidated Financial Statements.
F-4