US Airways 2007 Annual Report Download - page 132

Table of Contents
US Airways, Inc.
Consolidated Statements of Operations
For the Years Ended December 31, 2007, 2006 and 2005
Predecessor
Successor Company Company
Three Months Nine Months
Ended Ended
December 31, September 30,
2007 2006 2005 2005
(In millions)
Operating revenues:
Mainline passenger $ 8,135 $ 7,966 $ 1,757 $ 3,738
Express passenger 2,698 2,744 587 1,178
Cargo 138 153 33 71
Other 842 829 212 465
Total operating revenues 11,813 11,692 2,589 5,452
Operating expenses:
Aircraft fuel and related taxes 2,630 2,518 603 1,111
Loss (gain) on fuel hedging instruments, net (245) 79 50 —
Salaries and related costs 2,302 2,090 505 1,073
Express expenses 2,727 2,670 641 1,372
Aircraft rent 727 732 184 293
Aircraft maintenance 635 582 152 253
Other rent and landing fees 536 568 144 319
Selling expenses 453 446 103 258
Special items, net 99 38 36 —
Depreciation and amortization 198 184 52 152
Other 1,227 1,228 302 763
Total operating expenses 11,289 11,135 2,772 5,594
Operating income (loss) 524 557 (183) (142)
Nonoperating income (expense):
Interest income 172 153 22 15
Interest expense, net (229) (268) (90) (222)
Reorganization items, net — — — 636
Other, net 18 4 (5) (9)
Total nonoperating income (expense), net (39) (111) (73) 420
Income (loss) before income taxes and cumulative effect of change in accounting
principle 485 446 (256) 278
Income tax provision (benefit) 7 98 — (2)
Income (loss) before cumulative effect of change in accounting principle 478 348 (256) 280
Cumulative effect of change in accounting principle — 1 — —
Net income (loss) $ 478 $ 349 $ (256) $ 280
See accompanying notes to consolidated financial statements.
130