United Airlines 2010 Annual Report Download - page 87

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UNITED AIR LINES, INC.
STATEMENTS OF CONSOLIDATED OPERATIONS
(In millions)
Year Ended December 31,
2010 2009 2008
Operating revenues:
Passenger—Mainline ............................................ $13,461 $11,313 $14,822
Passenger—Regional ............................................ 3,669 2,884 2,981
Cargo ........................................................ 714 536 854
Other operating revenue .......................................... 1,838 1,626 1,580
19,682 16,359 20,237
Operating expenses:
Aircraft fuel ................................................... 5,700 4,204 8,979
Salaries and related costs ......................................... 4,212 3,919 4,452
Regional capacity purchase ....................................... 1,610 1,523 1,391
Landing fees and other rent ....................................... 1,077 1,011 954
Aircraft maintenance materials and outside repairs ..................... 980 965 1,096
Depreciation and amortization ..................................... 903 917 946
Distribution expenses ............................................ 756 670 846
Aircraft rent ................................................... 326 349 411
Merger-related costs and special charges ............................. 532 374 339
Goodwill impairment charge (credit) ................................ (64) — 2,277
Other operating expenses ......................................... 2,632 2,564 2,939
18,664 16,496 24,630
Operating income (loss) .............................................. 1,018 (137) (4,393)
Nonoperating income (expense):
Interest expense ................................................ (695) (577) (571)
Interest income ................................................. 11 19 112
Interest capitalized .............................................. 11 10 20
Miscellaneous, net .............................................. 39 37 (550)
(634) (511) (989)
Income (loss) before income taxes and equity in earnings of affiliates .......... 384 (648) (5,382)
Income tax benefit .................................................. (12) (16) (22)
Income (loss) before equity in earnings of affiliates ........................ 396 (632) (5,360)
Equity in earnings of affiliates, net of tax ................................346
Net income (loss) ................................................... $ 399 $ (628) $ (5,354)
The accompanying Combined Notes to Consolidated Financial Statements are an integral part of these statements.
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