US Airways 2005 Annual Report Download - page 273

Table of Contents
US Airways, Inc.
Notes to the Financial Statements — (Continued)
18. Selected quarterly financial information (in millions) (unaudited)
Successor
Predecessor Company Company
First Second Third Fourth
Quarter Quarter Quarter Quarter
2005
Operating revenues $ 1,622 $ 1,953 $ 1,882 $ 1,756
Operating income (loss) $ (182) $ 59 $ (19) $ (71)
Net income (loss) $ (259) $ (44) $ 584 $ (120)
Predecessor Company
2004
Operating revenues $ 1,684 $ 1,947 $ 1,788 $ 1,654
Operating income (loss) $ (146) $ 85 $ (158) $ (128)
Net income (loss) $ (181) $ 35 $ (214) $ (218)
The comparability of quarterly results in 2005 was impacted by the emergence from bankruptcy and merger with America West Holdings in September
2005. See also Notes 3 and 4 for additional information related to the fresh-start reporting and unusual items. The sum of the four quarters may not equal the
totals for the year due to rounding.
19. 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.
US Airways Group plans to utilize these aircraft primarily in the US Airways fleet.
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