United Airlines 2010 Annual Report Download - page 82

UNITED CONTINENTAL HOLDINGS, INC.
STATEMENTS OF CONSOLIDATED OPERATIONS
(In millions, except per share amounts)
Year Ended December 31,
2010 2009 2008
Operating revenues:
Passenger—Mainline ............................................ $16,069 $11,313 $14,822
Passenger—Regional ............................................ 4,229 2,884 2,981
Cargo ........................................................ 832 536 854
Other operating revenue .......................................... 2,099 1,602 1,537
23,229 16,335 20,194
Operating expenses:
Aircraft fuel ................................................... 6,687 4,204 8,979
Salaries and related costs ......................................... 5,002 3,919 4,452
Regional capacity purchase ....................................... 1,812 1,523 1,391
Landing fees and other rent ....................................... 1,307 1,011 954
Aircraft maintenance materials and outside repairs ..................... 1,115 965 1,096
Depreciation and amortization ..................................... 1,079 917 946
Distribution expenses ............................................ 912 670 846
Aircraft rent ................................................... 500 346 409
Merger-related costs and special charges ............................. 733 374 339
Goodwill impairment charge (credit) ................................ (64) — 2,277
Other operating expenses ......................................... 3,170 2,567 2,943
22,253 16,496 24,632
Operating income (loss) .............................................. 976 (161) (4,438)
Nonoperating income (expense):
Interest expense ................................................ (798) (577) (571)
Interest income ................................................. 15 19 112
Interest capitalized .............................................. 15 10 20
Miscellaneous, net .............................................. 42 37 (550)
(726) (511) (989)
Income (loss) before income taxes and equity in earnings of affiliates .......... 250 (672) (5,427)
Income tax benefit .................................................. — (17) (25)
Income (loss) before equity in earnings of affiliates ........................ 250 (655) (5,402)
Equity in earnings of affiliates, net of tax ................................346
Net income (loss) ................................................... $ 253 $ (651) $ (5,396)
Earnings (loss) per share, basic .................................... $ 1.22 $ (4.32) $ (42.59)
Earnings (loss) per share, diluted ................................... $ 1.08 $ (4.32) $ (42.59)
The accompanying Combined Notes to Consolidated Financial Statements are an integral part of these statements.
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