Frontier Airlines 2010 Annual Report Download - page 75

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REPUBLIC AIRWAYS HOLDINGS INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME (LOSS)
FOR THE YEARS ENDED DECEMBER 31, 2010, 2009 AND 2008
(In thousands, except per share amounts)
2010 2009 2008
OPERATING REVENUES:
Fixed-fee service $1,030,306 $ 1,180,209 $ 1,462,211
Passenger service 1,541,320 421,043
—
Cargo and other 82,025 40,966 17,544
Total operating revenues 2,653,651 1,642,218 1,479,755
OPERATING EXPENSES:
Wages and benefits 549,889 342,364 252,336
Aircraft fuel 616,930 236,620 327,791
Landing fees and airport rents 170,683 96,915 59,891
Aircraft and engine rent 240,563 156,773 134,206
Maintenance and repair 255,802 211,503 169,425
Insurance and taxes 45,525 28,105 25,793
Depreciation and amortization 204,522 163,584 133,206
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
Total operating expenses 2,520,297 1,370,818 1,224,660
OPERATING INCOME 133,354 271,400 255,095
OTHER INCOME (EXPENSE):
Interest expense (151,662 ) (144,994 ) (131,856 )
Other-net (3,235 ) 9,784 14,176
Total other income (expense) (154,897 ) (135,210 ) (117,680 )
INCOME (LOSS) BEFORE INCOME TAXES (21,543 ) 136,190 137,415