US Airways 2010 Annual Report Download - page 72
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Table of Contents
US Airways Group, Inc.
Consolidated Statements of Operations
For the Years Ended December 31, 2010, 2009 and 2008
2010 2009 2008
(In millions, except share and per share amounts)
Operating revenues:
Mainline passenger $ 7,645 $ 6,752 $ 8,183
Express passenger 2,821 2,503 2,879
Cargo 149 100 144
Other 1,293 1,103 912
Total operating revenues 11,908 10,458 12,118
Operating expenses:
Aircraft fuel and related taxes 2,403 1,863 3,618
Loss on fuel hedging instruments, net — 7 356
Salaries and related costs 2,244 2,165 2,231
Express expenses 2,729 2,519 3,049
Aircraft rent 670 695 724
Aircraft maintenance 661 700 783
Other rent and landing fees 549 560 562
Selling expenses 421 382 439
Special items, net 5 55 76
Depreciation and amortization 248 242 215
Goodwill impairment — — 622
Other 1,197 1,152 1,243
Total operating expenses 11,127 10,340 13,918
Operating income (loss) 781 118 (1,800)
Nonoperating income (expense):
Interest income 13 24 83
Interest expense, net (329) (304) (258)
Other, net 37 (81) (240)
Total nonoperating expense, net (279) (361) (415)
Income (loss) before income taxes 502 (243) (2,215)
Income tax benefit — (38) —
Net income (loss) $ 502 $ (205) $ (2,215)
Earnings (loss) per common share:
Basic earnings (loss) per share $ 3.11 $ (1.54) $ (22.11)
Diluted earnings (loss) per share $ 2.61 $ (1.54) $ (22.11)
Shares used for computation (in thousands):
Basic 161,412 133,000 100,168
Diluted 201,131 133,000 100,168
See accompanying notes to consolidated financial statements.
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