Frontier Airlines 2008 Annual Report Download - page 62

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REPUBLIC AIRWAYS HOLDINGS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
FOR THE YEARS ENDED DECEMBER 31, 2008, 2007 AND 2006
(In thousands, except per share amounts)
2008 2007 2006
OPERATING REVENUES:
Regional airline services $ 1,462,211 $ 1,274,607 $ 1,118,226
Charter and ground handling 5,138 5,867 8,932
Other 12,406 12,203 15,920
Total operating revenues 1,479,755 1,292,677 1,143,078
OPERATING EXPENSES:
Wages and benefits 252,336 226,521 175,483
Aircraft fuel 327,791 296,573 325,500
Landing fees 59,891 53,684 41,993
Aircraft and engine rent 134,206 124,961 94,773
Maintenance and repair 169,425 130,237 105,198
Insurance and taxes 25,793 19,039 17,652
Depreciation and amortization 133,206 106,594 92,228
Other 122,012 104,790 77,658
Total operating expenses 1,224,660 1,062,399 930,485
OPERATING INCOME 255,095 230,278 212,593
OTHER INCOME (EXPENSE):
Interest expense (131,856) (107,323) (91,128)
Interest and other income 14,176 11,013 9,944
Total other income (expense) (117,680) (96,310) (81,184)
INCOME BEFORE INCOME TAXES 137,415 133,968 131,409
INCOME TAX EXPENSE 52,835 51,210 51,899
Net income $ 84,580 $ 82,758 $ 79,510
Basic net income per common share $ 2.43 $ 2.05 $ 1.89
Diluted net income per common share $ 2.42 $ 2.02 $ 1.82
See accompanying notes to consolidated financial statements.
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Source: REPUBLIC AIRWAYS HOLDINGS INC, 10-K, March 16, 2009 Powered by Morningstar® Document Research℠