Delta Airlines 2010 Annual Report Download - page 51

Table of Contents
DELTA AIR LINES, INC.
Consolidated Statements of Operations
Year Ended December 31,
(in millions, except per share data) 2010 2009 2008
Operating Revenue:
Passenger:
Mainline $ 21,408 $ 18,522 $ 15,137
Regional carriers 5,850 5,285 4,446
Total passenger revenue 27,258 23,807 19,583
Cargo 850 788 686
Other 3,647 3,468 2,428
Total operating revenue 31,755 28,063 22,697
Operating Expense:
Aircraft fuel and related taxes 7,594 7,384 7,346
Salaries and related costs 6,751 6,838 4,329
Contract carrier arrangements 4,305 3,823 3,766
Aircraft maintenance materials and outside repairs 1,569 1,434 1,169
Contracted services 1,549 1,595 1,062
Depreciation and amortization 1,511 1,536 1,266
Passenger commissions and other selling expenses 1,509 1,405 1,030
Landing fees and other rents 1,281 1,289 787
Passenger service 673 638 440
Aircraft rent 387 480 307
Profit sharing 313 — —
Impairment of goodwill and other intangible assets — — 7,296
Restructuring and merger-related items 450 407 1,131
Other 1,646 1,558 1,082
Total operating expense 29,538 28,387 31,011
Operating Income (Loss) 2,217 (324) (8,314)
Other (Expense) Income:
Interest expense (1,004) (908) (685)
Amortization of debt discount, net (216) (370) (20)
Interest income 35 27 92
Loss on extinguishment of debt (391) (83) —
Miscellaneous, net (33) 77 (114)
Total other expense, net (1,609) (1,257) (727)
Income (Loss) Before Income Taxes 608 (1,581) (9,041)
Income Tax (Provision) Benefit (15) 344 119
Net Income (Loss) $ 593 $ (1,237) $ (8,922)
Basic Earnings (Loss) per Share $ 0.71 $ (1.50) $ (19.08)
Diluted Earnings (Loss) per Share $ 0.70 $ (1.50) $ (19.08)
The accompanying notes are an integral part of these Consolidated Financial Statements.
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