US Airways 2008 Annual Report Download - page 130

Table of Contents
US Airways, Inc.
Consolidated Statements of Operations
For the Years Ended December 31, 2008, 2007 and 2006
2008 2007 2006
(In millions)
Operating revenues:
Mainline passenger $ 8,183 $ 8,135 $ 7,966
Express passenger 2,879 2,698 2,744
Cargo 144 138 153
Other 1,038 842 829
Total operating revenues 12,244 11,813 11,692
Operating expenses:
Aircraft fuel and related taxes 3,618 2,630 2,518
Loss (gain) on fuel hedging instruments, net 356 (245) 79
Salaries and related costs 2,231 2,302 2,090
Express expenses 3,139 2,727 2,670
Aircraft rent 724 727 732
Aircraft maintenance 783 635 582
Other rent and landing fees 562 536 568
Selling expenses 439 453 446
Special items, net 76 99 38
Depreciation and amortization 224 198 184
Goodwill impairment 622 — —
Other 1,243 1,227 1,228
Total operating expenses 14,017 11,289 11,135
Operating income (loss) (1,773) 524 557
Nonoperating income (expense):
Interest income 83 172 153
Interest expense, net (218) (229) (268)
Other, net (240) 18 4
Total nonoperating expense, net (375) (39) (111)
Income (loss) before income taxes and cumulative effect of change in accounting principle (2,148) 485 446
Income tax provision — 7 98
Income (loss) before cumulative effect of change in accounting principle (2,148) 478 348
Cumulative effect of change in accounting principle, net — — 1
Net income (loss) $ (2,148) $ 478 $ 349
See accompanying notes to consolidated financial statements.
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