US Airways 2007 Annual Report Download - page 112

Table of Contents
US Airways Group, Inc.
Notes to Consolidated Financial Statements — (Continued)
These transactions include the new equity investments, the comprehensive agreements with GECC, the comprehensive agreement with
Airbus, the restructuring of the ATSB loans, and the restructuring of the credit card partner and credit card processing agreements. The
unaudited pro forma information presented below is not necessarily indicative of the results of operations that would have occurred had
the purchase been made at the beginning of the period presented or of future results of the combined operations (in millions, except share
and per share amounts).
Year Ended
December 31,
2005
Operating revenues $ 10,440
Operating expenses 10,799
Operating loss (359)
Net loss $ (891)
Basic and fully diluted loss per share $ (12.59)
Basic and diluted shares (in thousands) 70,689
15. Operating segments and related disclosures
The Company is managed as a single business unit that provides air transportation for passengers and cargo. This allows it to benefit
from an integrated revenue pricing and route network that includes US Airways, Piedmont, PSA and third-party carriers that fly under
capacity purchase agreements as part of the Company's Express operations. The flight equipment of all these carriers is combined to form
one fleet that is deployed through a single route scheduling system. When making resource allocation decisions, the chief operating
decision maker evaluates flight profitability data, which considers aircraft type and route economics, but gives no weight to the financial
impact of the resource allocation decision on an individual carrier basis. The objective in making resource allocation decisions is to
maximize consolidated financial results, not the individual results of US Airways, Piedmont and PSA.
Information concerning operating revenues in principal geographic areas is as follows (in millions):
Year Ended Year Ended Year Ended
December 31, December 31, December 31,
2007 2006 2005
United States $ 9,582 $ 9,397 $ 4,567
Foreign 2,118 2,160 502
Total $ 11,700 $ 11,557 $ 5,069
The Company attributes operating revenues by geographic region based upon the origin and destination of each flight segment. The
Company's tangible assets consist primarily of flight equipment, which are mobile across geographic markets and, therefore, have not
been allocated.
16. Stockholders' equity
(a) Common Stock
Holders of common stock are entitled to one vote per share on all matters submitted to a vote of common shareholders, except that
voting rights of non-U.S. citizens are limited to the extent that the shares of common stock held by such non-U.S. persons would
otherwise be entitled to more than 24.9% of the aggregate votes of all outstanding equity securities of US Airways Group. Holders of
common stock have no right to cumulate their votes. Holders of common stock participate equally as to any dividends or distributions on
the common stock.
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