US Airways 2004 Annual Report Download - page 72

Table of Contents
AMERICA WEST HOLDINGS CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — CONTINUED
(6) Reflects the restatement of $18.4 million net credit to eliminate hedge accounting for the period presented.
(7) Reflects reclassification of $15.0 million net credit from "Aircraft Fuel" expense to "Gain (Loss) on Derivative Instruments, Net." Note, an additional
$7.6 million of losses on derivative instruments was recorded directly to "Gain (Loss) on Derivative Instruments, Net."
(8) Reflects the restatement of $19.7 million net expense to eliminate hedge accounting for the period presented.
(9) Reflects reclassification of $10.2 million net credit from "Aircraft Fuel" expense to "Gain (Loss) on Derivative Instruments, Net."
(10) Reflects the restatement of $1.4 million net expense to eliminate hedge accounting for the period presented.
(11) Reflects reclassification of $0.2 million net expense from "Aircraft Fuel" expense to "Gain (Loss) on Derivative Instruments, Net."
(12) Reflects the restatement of $0.8 million net expense to eliminate hedge accounting for the period presented.
(13) Reflects reclassification of $0.1 million net expense from "Aircraft Fuel" expense to "Gain (Loss) on Derivative Instruments, Net."
(14) Reflects the restatement of $1.4 million net expense to eliminate hedge accounting for the period presented.
(15) Reflects reclassification of $0.8 million net credit from "Aircraft Fuel" expense to "Gain (Loss) on Derivative Instruments, Net."
(16) Reflects the restatement of $3.6 million net credit to eliminate hedge accounting for the period presented.
Earnings per share are computed independently for each of the quarters presented. Therefore, the sum of the quarterly earnings per share in 2004 and 2003
does not equal the total computed for the year.
17. Emergency Wartime Supplemental Appropriations Act
In April 2003, the Senate and House of Representatives of the United States of America passed, and the President signed, the Emergency Wartime
Supplemental Appropriations Act to provide certain aviation-related assistance. The bill included the following key provisions:
• $2.3 billion of the appropriation was for grants by the Transportation Security Administration ("TSA") to U.S. air carriers based on the proportional
share each carrier had paid or collected as of the date of enactment of the legislation for passenger security and air carrier security fees. In May 2003,
the Company received approximately $81.3 million representing its proportional share of passenger security and air carrier security fees paid or
collected as of April 2003. The Company recorded this amount as nonoperating income in the accompanying consolidated statements of operations. See
Note 12, "Nonoperating Income (Expenses) – Other, Net."
• The TSA would not impose passenger security fees during the period beginning June 1, 2003 and ending September 30, 2003.
• $100 million of the appropriation would be available to compensate air carriers for the direct costs associated with the strengthening of flight deck
doors and locks on aircraft. AWA received approximately $4.6 million in 2003 as reimbursement for the costs of reinforcing flight deck doors and
locks.
• Aviation war risk insurance provided by the federal government is extended until August 2005.
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