US Airways 2005 Annual Report Download - page 206

Table of Contents
America West Airlines, Inc.
Notes to Consolidated Financial Statements — (Continued)
Summarized quarterly financial data for 2005 and 2004, before the cumulative effect of the change in accounting policy, is as follows (in millions of
dollars):
1st Quarter 2nd Quarter
(As adjusted) (As reported) (As adjusted) (As reported)
2005
Operating revenues $ 733(1) $ 723 $ 842(2) $ 833
Operating expenses 687(1) 672 827(2) 801
Operating income 46 51 15 32
Nonoperating expenses, net (17) (17) (17) (17)
Income tax expense — — — —
Income before cumulative effect of change in accounting policy 29 34 (2) 15
3rd Quarter 4th Quarter
(As adjusted) (As reported) (As reported)
2005
Operating revenues $ 846 $ 846 $ 833
Operating expenses 916(3) 904 944
Operating loss (70) (58) (111)
Nonoperating income (expenses), net (13) (13) (28)
Income tax expense — — —
Loss before cumulative effect of change in accounting policy (83) (71) (139)
1st Quarter 2nd Quarter
(Pro forma (As previously (Pro forma (As previously
as adjusted) reported) as adjusted) reported)
2004
Operating revenues $ 658(4) $ 649 $ 705(5) $ 694
Operating expenses 647(4) 633 691(5) 667
Operating income 11 16 14 27
Nonoperating expenses (17) (17) (15) (15)
Income tax expense — — — —
Loss before cumulative effect of change in accounting policy (6) (1) (1) 12
3rd Quarter 4th Quarter
(Pro forma (As previously (Pro forma (As previously
as adjusted) reported) as adjusted) reported)
2004
Operating revenues $ 688(6) $ 678 $ 696(7) $ 579
Operating expenses 712(6) 687 756(7) 617
Operating income (24) (9) (60) (38)
Nonoperating expenses, net (19) (19) (18) (30)
Income tax expense — — — —
Income before cumulative effect of change in accounting policy (43) (28) (78) (68)
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