Frontier Airlines 2005 Annual Report Download - page 80

Download and view the complete annual report

Please find page 80 of the 2005 Frontier Airlines annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 154

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154

REPUBLIC AIRWAYS HOLDINGS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
FOR THE YEARS ENDED DECEMBER 31, 2005, 2004, AND 2003
(In thousands, except per share amounts)
2005 2004 2003
OPERATING REVENUES:
Passenger $ 883,906 $ 636,389 $ 479,343
Contract termination fee 6,000
Other 21,115 9,935 6,937
Total operating revenues 905,021 646,324 492,280
OPERATING EXPENSES:
Wages and benefits 143,826 112,305 86,949
Aircraft fuel 278,923 174,208 106,840
Passenger fees and commissions — 2,939 6,254
Landing fees 30,376 24,201 19,098
Aircraft and engine rent 77,725 74,514 67,350
Maintenance and repair 76,481 70,290 53,475
Insurance and taxes 16,117 13,186 12,859
Depreciation and amortization 64,877 34,412 23,873
Impairment loss and accrued aircraft return costs (4,218) 1,441 2,756
Other 62,195 47,483 30,115
Total operating expenses 746,302 554,979 409,569
OPERATING INCOME 158,719 91,345 82,711
OTHER INCOME (EXPENSE):
Interest expense:
Non-related party (63,503) (27,812) (21,183)
Related party (43) (652) (1,606)
Interest and other income 5,002 518 195
Total other income (expense) (58,544) (27,946) (22,594)
INCOME BEFORE INCOME TAXES 100,175 63,399 60,117
INCOME TAX EXPENSE 39,521 24,547 23,979
NET INCOME 60,654 38,852 36,138
Preferred stock dividends (170)
Net income available
for common stockholders $ 60,654 $ 38,852 $ 35,968
Basic net income available for common stockholders per share $ 1.69 $ 1.66 $ 1.80
Diluted net income available for common stockholders per share $ 1.66 $ 1.62 $ 1.73
See accompanying notes to consolidated financial statements.
Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, February 27, 2006 Powered by Morningstar® Document Research℠