US Airways 2005 Annual Report Download - page 169

Table of Contents
America West Airlines, Inc.
Consolidated Statements of Operations
For the Years Ended December 31, 2005, 2004 and 2003
(in millions)
2005 2004 2003
Operating revenues:
Mainline passenger $ 2,521 $ 2,203 $ 2,118
Express revenue 512 353 268
Cargo 33 28 27
Other 188 163 158
Total operating revenues 3,254 2,747 2,571
Operating expenses:
Aircraft fuel and related taxes 812 590 404
Gains on fuel hedging instruments, net (75) (24) (11)
Salaries and related costs 701 655 658
Express expenses 545 374 287
Aircraft rent 327 304 298
Aircraft maintenance 259 206 223
Other rent and landing fees 176 168 155
Selling expenses 161 153 156
Special charges (credits), net 106 (16) 14
Depreciation and amortization 53 54 67
Other 309 299 283
Total operating expenses 3,374 2,763 2,534
Operating income (loss) (120) (16) 37
Nonoperating income (expenses):
Interest income 25 14 13
Interest expense, net (94) (86) (87)
Federal government assistance — — 81
Gain on disposition of property and equipment 2 1 —
Gain on sale of investments — — 10
Other, net (8) 2 7
Total nonoperating income (expenses), net (75) (69) 24
Income (loss) before income taxes and cumulative effect of change in accounting principle (195) (85) 61
Income taxes — — —
Income (loss) before cumulative effect of change in accounting principle (195) (85) 61
Cumulative effect of change in accounting principle (Note 3) 202 — —
Net income (loss) $ (397) $ (85) $ 61
Unaudited pro forma net income (loss) (assuming change in method of accounting was applied retroactively): (Note 3) (195) $ (138) $ 56
See accompanying notes to consolidated financial statements.
163