US Airways 2005 Annual Report Download - page 167

Table of Contents
US Airways Group, Inc.
Notes to Consolidated Financial Statements — (Continued)
Year Ended December 31, 2004
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Total
Net income (loss) using the deferral method $ (2) $ 11 $ (29) $ (69) $ (89)
Effect of change to direct expense method (7) (15) (19) (12) (53)
Pro forma net income (loss) using the direct expense method $ (9) $ (4) $ (48) $ (81) $ (142)
Pro forma earnings (loss) per common share:
Basic:
Net income (loss) using the deferral method $ (0.11) $ 0.72 $ (1.92) $ (4.66) $ (5.99)
Effect of change to direct expense method (0.48) (1.02) (1.25) (0.79) (3.54)
Pro forma earnings (loss) per share using the direct expense method $ (0.59) $ (0.30) $ (3.17) $ (5.45) $ (9.53)
Diluted:
Net income (loss) using the deferral method $ (0.11) $ 0.72 $ (1.92) $ (4.66) $ (5.99)
Effect of change to direct expense method (0.48) (1.02) (1.25) (0.79) (3.54)
Pro forma earnings (loss) per share using the direct expense method $ (0.59) $ (0.30) $ (3.17) $ (5.45) $ (9.53)
Shares used for computation: (000)
Basic 14,789 14,852 14,896 14,907 14,861
Diluted 14,789 14,852 14,896 14,907 14,861
22. Subsequent event
Purchase of 757 aircraft
On February 23, 2006, US Airways executed an agreement to purchase three Boeing 757-200 aircraft for delivery on February 24, 2006. US Airways
purchased the aircraft for cash and anticipates arranging financing for all three aircraft through asset-based financing or sale leasebacks at a later date. The
Company plans to utilize these aircraft primarily in the US Airways fleet. 161