Frontier Airlines 2007 Annual Report Download - page 64

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REPUBLIC AIRWAYS HOLDINGS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
FOR THE YEARS ENDED DECEMBER 31, 2007, 2006 AND 2005
(In thousands, except per share amounts)
2007 2006 2005
OPERATING REVENUES:
Regional airline services $ 1,274,607 $ 1,118,226 $ 883,906
Charter and ground handling 5,867 8,932 11,611
Other 12,203 15,920 9,504
Total operating revenues 1,292,677 1,143,078 905,021
OPERATING EXPENSES:
Wages and benefits 226,521 175,483 143,826
Aircraft fuel 296,573 325,500 278,923
Landing fees 53,684 41,993 30,376
Aircraft and engine rent 124,961 94,773 77,725
Maintenance and repair 130,237 105,198 76,481
Insurance and taxes 19,039 17,652 16,117
Depreciation and amortization 106,594 92,228 64,877
Impairment loss and accrued aircraft return costs (credits) — (2,050) (4,218)
Other 104,790 79,708 62,195
Total operating expenses 1,062,399 930,485 746,302
OPERATING INCOME 230,278 212,593 158,719
OTHER INCOME (EXPENSE):
Interest expense:
Non-related party (107,323) (91,128) (63,503)
Related party — — (43)
Interest and other income 11,013 9,944 5,002
Total other income (expense) (96,310) (81,184) (58,544)
INCOME BEFORE INCOME TAXES 133,968 131,409 100,175
INCOME TAX EXPENSE 51,210 51,899 39,521
Net income $ 82,758 $ 79,510 $ 60,654
Basic net income per common share $ 2.05 $ 1.89 $ 1.69
Diluted net income per common share $ 2.02 $ 1.82 $ 1.66
See accompanying notes to consolidated financial statements.
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Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, February 21, 2008 Powered by Morningstar® Document Research℠