US Airways 2004 Annual Report Download - page 99

Table of Contents
AMERICA WEST AIRLINES, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — CONTINUED
(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.
16. 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 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, AWA received approximately $81.3 million
representing its proportional share of passenger security and air carrier security fees paid or collected as of April 2003. AWA recorded this amount as
nonoperating income in the accompanying 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.
• Certain airlines that received the aviation-related assistance, principally those airlines with trans-Pacific or trans-Atlantic flights, agreed to limit the total
cash compensation for certain executive officers during the 12-month period beginning April 1, 2003 to an amount equal to the annual salary paid to
that officer during the air carrier's fiscal year 2002. Any violation of this agreement would have required the carrier to repay to the government the
amount reimbursed for airline security fees. Since AWA does not operate trans-Pacific or trans-Atlantic flights, AWA was not subject to this provision.
17. Segment Disclosures
AWA is one reportable operating segment. Accordingly, the segment reporting financial data required by SFAS No. 131 is included in the accompanying
balance sheets and statements of operations.
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