US Airways 2007 Annual Report Download - page 72

Table of Contents
US Airways Group, Inc.
Consolidated Statements of Operations
For the Years Ended December 31, 2007, 2006 and 2005
2007 2006 2005
(In millions, except share and per share amounts)
Operating revenues:
Mainline passenger $ 8,135 $ 7,966 $ 3,695
Express passenger 2,698 2,744 976
Cargo 138 153 58
Other 729 694 340
Total operating revenues 11,700 11,557 5,069
Operating expenses:
Aircraft fuel and related taxes 2,630 2,518 1,214
Loss (gain) on fuel hedging instruments, net (245) 79 (75)
Salaries and related costs 2,302 2,090 1,046
Express expenses 2,594 2,559 1,073
Aircraft rent 727 732 429
Aircraft maintenance 635 582 349
Other rent and landing fees 536 568 281
Selling expenses 453 446 232
Special items, net 99 27 121
Depreciation and amortization 189 175 88
Other 1,247 1,223 528
Total operating expenses 11,167 10,999 5,286
Operating income (loss) 533 558 (217)
Nonoperating income (expense):
Interest income 172 153 30
Interest expense, net (273) (295) (147)
Other, net 2 (12) (1)
Total nonoperating expense, net (99) (154) (118)
Income (loss) before income taxes and cumulative effect of change in accounting principle 434 404 (335)
Income tax provision 7 101 —
Income (loss) before cumulative effect of change in accounting principle 427 303 (335)
Cumulative effect of change in accounting principle, net (Note 3) — 1 (202)
Net income (loss) $ 427 $ 304 $ (537)
Earnings (loss) per common share:
Basic:
Before cumulative effect of change in accounting principle $ 4.66 $ 3.50 $ (10.65)
Cumulative effect of change in accounting principle — 0.01 (6.41)
Earnings (loss) per share $ 4.66 $ 3.51 $ (17.06)
Diluted:
Before cumulative effect of change in accounting principle $ 4.52 $ 3.32 $ (10.65)
Cumulative effect of change in accounting principle — 0.01 (6.41)
Earnings (loss) per share $ 4.52 $ 3.33 $ (17.06)
Shares used for computation (in thousands):
Basic 91,536 86,447 31,488
Diluted 95,603 93,821 31,488
See accompanying notes to consolidated financial statements.
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