Frontier Airlines 2005 Annual Report Download - page 61

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Certain Statistical Information
Years Ended December 31,
Operating Expenses per ASM in cents
2005 2004 2003
Wages and benefits 2.19 2.43 2.37
Aircraft fuel(2) 4.25 3.77 2.91
Passenger fees and commissions — 0.06 0.17
Landing fees 0.46 0.52 0.52
Aircraft and engine rent 1.18 1.61 1.84
Maintenance and repair 1.17 1.52 1.46
Insurance and taxes 0.25 0.29 0.35
Depreciation and amortization 0.99 0.75 0.65
Impairment loss and accrued aircraft return costs (1) (0.06) 0.03 0.08
Other 0.95 1.03 0.82
Total operating expenses 11.38 12.01 11.17
Plus interest expense 0.97 0.62 0.62
Total operating and interest expenses 12.35 12.63 11.79
Total operating and interest expenses excluding aircraft fuel 8.10 8.86 8.88
(1) We recorded impairment losses and accrued aircraft return cost of $8.1, $7.2, $2.8, and $1.4 million in 2001, 2002, 2003, and 2004
respectively. In 2005, we reversed a $4.2 million reserve after an agreement to return all the Saab turboprop aircraft to lessors was
executed and all liabilities were settled.
(2) Beginning in May 2005, we do not record fuel expense and the related revenue for US Airways operations because US Airways
pays for fuel directly.
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Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, February 27, 2006 Powered by Morningstar® Document Research℠