Frontier Airlines 2010 Annual Report Download - page 39

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ITEM 6. SELECTED FINANCIAL DATA
The following selected financial data and operating statistics should be read in conjunction with Management's Discussion and
Analysis of Financial Condition and Results of Operations, and the consolidated financial statements and related notes included in Item 8 of
this Annual Report on Form 10-K.
Years Ended December 31,
2010 (1) 2009 (1) 2008 2007 2006
(in thousands, except per share amounts)
Statement of Income (Loss) Data:
Operating revenues:
Fixed-fee service $ 1,030,306 $ 1,180,209 $ 1,462,211 $ 1,274,607 $ 1,118,226
Passenger service 1,541,320 421,043
—
—
—
Cargo and other 82,025 40,966 17,544 18,070 24,852
Total operating revenues 2,653,651 1,642,218 1,479,755 1,292,677 1,143,078
Operating expenses:
Wages and benefits 549,889 342,364 252,336 226,521 175,483
Aircraft fuel (2) 616,930 236,620 327,791 296,573 325,500
Landing fees and airport rents 170,683 96,915 59,891 53,684 41,993
Aircraft and engine rent 240,563 156,773 134,206 124,961 94,773
Maintenance and repair 255,802 211,503 169,425 130,237 105,198
Insurance and taxes 45,525 28,105 25,793 19,039 17,652
Depreciation and amortization 204,522 163,584 133,206 106,594 92,228
Promotion and sales 134,787 36,265
—
—
—
Goodwill impairment
—
113,759
—
—
—
Other impairment charges 11,473 8,800
—
—
—
Gain on bargain purchase
—
(203,698 )
—
—
—
Other 290,123 179,828 122,012 104,790 77,658
Total operating expenses 2,520,297 1,370,818 1,224,660 1,062,399 930,485
Operating income 133,354 271,400 255,095 230,278 212,593
Other income (expense):
Interest expense (151,662 ) (144,994 ) (131,856 ) (107,323 ) (91,128 )
Other - net (3,235 ) 9,784 14,176 11,013 9,944
Total other expense (154,897 ) (135,210 ) (117,680 ) (96,310 ) (81,184 )
Income (loss) before income taxes (21,543 ) 136,190 137,415 133,968 131,409
Income tax expense (benefit) (7,697 ) 99,805 52,835 51,210 51,899
Net income (loss) (13,846 ) 36,385 84,580 82,758 79,510
Add: Net loss attributable to noncontrolling interest
in Mokulele Flight Service Inc.
—
3,270
—
—
—
Net income (loss) of the Company $ (13,846 ) $ 39,655 $ 84,580 $ 82,758 $ 79,510
Net income (loss) available for common
stockholders per share:
Basic $ (0.38 ) $ 1.15 $ 2.43 $ 2.05 $ 1.89
Diluted $ (0.38 ) $ 1.13 $ 2.42 $ 2.02 $ 1.82