US Airways 2006 Annual Report Download - page 135

Table of Contents
America West Airlines, Inc.
Consolidated Statements of Operations
For the Years Ended December 31, 2006, 2005 and 2004
2006 2005 2004
(In millions)
Operating revenues:
Mainline passenger $2,761 $2,521 $2,203
Express passenger 660 512 353
Cargo 31 33 28
Other 184 197 172
Total operating revenues 3,636 3,263 2,756
Operating expenses:
Aircraft fuel and related taxes 911 812 590
Loss (gain) on fuel hedging instruments, net 79 (75) (24)
Salaries and related costs 735 701 655
Express expenses 611 545 374
Aircraft rent 339 327 304
Aircraft maintenance 242 259 206
Other rent and landing fees 175 176 168
Selling expenses 162 161 153
Special items, net 17 106 (16)
Depreciation and amortization 46 53 54
Other 354 318 308
Total operating expenses 3,671 3,383 2,772
Operating loss (35) (120) (16)
Nonoperating income (expense):
Interest income 68 25 14
Interest expense, net (57) (94) (86)
Other, net (9) (6) 3
Total nonoperating income (expense), net 2 (75) (69)
Loss before income taxes and cumulative effect of change in accounting principle (33) (195) (85)
Income tax provision 5 — —
Loss before cumulative effect of change in accounting principle (38) (195) (85)
Cumulative effect of change in accounting principle (Note 2) 1 (202) —
Net loss $ (37) $ (397) $ (85)
Unaudited pro forma net loss (assuming change in method of accounting for maintenance costs was applied
retroactively) (Note 2) $ (38) $ (195) $ (138)
See accompanying notes to consolidated financial statements.
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