Air Canada 2010 Annual Report Download - page 88

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2010 Air Canada Annual Report
88
CONSOLIDATED STATEMENT OF OPERATIONS
For the year ended December 31
(Canadian dollars in millions except per share figures) 2010 2009
Operating revenues
Passenger $ 9,427 $ 8,499
Cargo 466 358
Other 893 882
10,786 9,739
 
Operating expenses
Aircraft fuel 2,652 2,448
Wages, salaries and benefits 1,885 1,751
Airport and navigation fees 961 971
Capacity purchase with Jazz Note 2D 934 973
Depreciation and amortization Notes 3 & 4 679 660
Aircraft maintenance 677 759
Food, beverages and supplies 280 291
Communications and information technology 316 293
Aircraft rent 346 335
Commissions 259 186
Other 1,436 1,388
10,425 10,055
Operating income (loss) before under noted item 361 (316)
Provision adjustment for cargo investigations, net Note 17 46 -
Operating income (loss) 407 (316)
Non-operating income (expense)
Interest income 19 14
Interest expense (378) (373)
Interest capitalized 1 4
Loss on assets Notes 3 & 4 (7) (95)
Gain (loss) on financial instruments recorded at fair value Note 15 (3) 95
Other (20) -
(388) (355)
Income (loss) before the following items 19 (671)
Non-controlling interest (9) (15)
Foreign exchange gain 145 657
Recovery of (provision for) income taxes Note 7
Current 4 7
Future (52) (2)
Net income (loss) for the year $ 107 $ (24)

Net income (loss) per share 
Basic Note 12 $ 0.38 $ (0.18)
Diluted Note 12 $ 0.37 $ (0.18)
The accompanying notes are an integral part of the consolidated financial statements.