US Airways 2003 Annual Report Download - page 51

Table of Contents
US Airways, Inc.
Consolidated Statements of Operations
(dollars in millions)
Successor
Company Predecessor Company
Nine Months
Ended
December 31,
2003
Three Months
Ended
March 31,
2003
Year Ended
December 31,
2002
2001
Operating Revenues
Passenger transportation $ 4,775 $ 1,358 $ 6,282 $ 7,537
Cargo and freight 97 35 141 165
Other 378 119 492 551
Total Operating Revenues 5,250 1,512 6,915 8,253
Operating Expenses
Personnel costs 1,848 562 2,989 3,492
Aviation fuel 574 197 723 1,042
US Airways Express capacity purchases 894 251 1,094 908
Aircraft rent 298 101 468 511
Other rent and landing fees 301 99 397 426
Selling expenses 293 83 401 594
Aircraft maintenance 250 70 296 443
Depreciation and amortization 153 63 275 372
Asset impairments and other special items 34 — 320 958
Government compensation (212) — 3 (309)
Other 859 288 1,270 1,437
Total Operating Expenses 5,292 1,714 8,236 9,874
Operating Loss (42) (202) (1,321) (1,621)
Other Income (Expense)
Interest income 15 2 30 73
Interest expense, net (164) (73) (319) (288)
Merger termination fee — — — 50
Reorganization items, net — 1,888 (294) —
Other, net 37 (2) (10) (1)
Other Income (Expense), Net (112) 1,815 (593) (166)
Income (Loss) Before Income Taxes and Cumulative Effect of Accounting Change (154) 1,613 (1,914) (1,787)
Provision (Credit) for Income Taxes 6 — (255) 209
Income (Loss) Before Cumulative Effect of Accounting Change (160) 1,613 (1,659) (1,996)
Cumulative Effect of Accounting Change — — — 7
Net Income (Loss) $ (160) $ 1,613 $ (1,659) $ (1,989)
See accompanying Notes to Consolidated Financial Statements.
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