US Airways 2005 Annual Report Download - page 164

Table of Contents
US Airways Group, Inc.
Notes to Consolidated Financial Statements — (Continued)
comparable information relating to the effect of the change in accounting policy for maintenance costs. See also Note 4.
Summarized quarterly financial data for 2005 and 2004, before the cumulative effect of the change in accounting policy, is as follows (in millions):
1st Quarter 2nd Quarter
2005 (As (As Previously (As (As Previously
Adjusted) Reported) Adjusted) Reported)
Operating revenues $ 733(1) $ 723 $ 842(2) $ 833
Operating expenses 688(1) 673 829(2) 803
Operating income 45 50 13 30
Nonoperating expenses, net (16) (16) (17) (16)
Income tax expense — — — —
Income (loss) before cumulative effect of change in accounting policy 29 34 (4) 14
3rd Quarter 4th Quarter
2005 (As (As Previously (As Previously
Adjusted) Reported) Reported)
Operating revenues $ 926 $ 926 $ 2,576
Operating expenses 1,009(3) 997 2,768
Operating income (83) (71) (192)
Nonoperating expenses, net (16) (16) (69)
Income tax expense — — —
Income (loss) before cumulative effect of change in accounting policy (99) (87) (261)
1st Quarter 2nd Quarter
2004 (Pro Forma (As Previously (Pro Forma (As Previously
as Adjusted) Reported) as Adjusted) Reported)
Operating revenues $ 657(4) $ 648 $ 705(5) $ 694
Operating expenses 648(4) 634 692(5) 668
Operating income 9 14 13 26
Nonoperating expenses (16) (16) (15) (15)
Income tax expense — — — —
Income (loss) before cumulative effect of change in accounting policy (7) (2) (2) 11
3rd Quarter 4th Quarter
2004 (Pro Forma (As Previously (Pro Forma (As Previously
as Adjusted) Reported) as Adjusted) Reported)
Operating revenues $ 689(6) $ 679 $ 697(7) $ 580
Operating expenses 714(6) 689 757(7) 618
Operating income (25) (10) (60) (38)
Nonoperating expenses (19) (19) (19) (31)
Income tax expense — — — —
Income (loss) before cumulative effect of change in accounting policy (44) (29) (79) (69)
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