Airtran 1999 Annual Report Download - page 28
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(In thousands, except per share data)
Year ended December 31, 1999 1998 1997
Operating revenues:
Passenger $486,487 $420,901 $ 200,939
Cargo 3,888 3,488 2,250
Other 33,093 14,918 8,267
Total operating revenues 523,468 439,307 211,456
Operating expenses:
Salaries, wages and benefits 120,737 108,461 54,133
Aircraft fuel 68,331 71,922 48,797
Maintenance, materials and repairs 86,374 74,577 61,270
Commissions 37,278 34,886 10,079
Landing fees and other rents 27,004 23,366 18,227
Marketing and advertising 15,643 15,112 13,299
Aircraft rent 4,869 7,241 946
Depreciation 28,533 28,591 28,148
Other operating 58,952 66,216 48,241
Impairment loss 147,735 27,492 —
Shutdown and other nonrecurring —— 24,839
Rebranding —— 5,243
Total operating expenses 595,456 457,864 313,222
Operating loss (71,988) (18,557) (101,766)
Interest (income) expense:
Interest income (3,183) (3,181) (6,659)
Interest expense 27,850 25,362 24,331
Interest expense, net 24,667 22,181 17,672
Loss before income taxes (96,655) (40,738) (119,438)
Income tax expense (benefit) 2,739 — (22,775)
Net loss $ (99,394) $ (40,738) $ (96,663)
Basic and diluted loss per share $ (1.53) $ (0.63) $ (1.72)
Weighted average number of shares outstanding
(basic and diluted shares) 65,097 64,641 56,068
See accompanying notes to consolidated financial statements.
Consolidated Statement
of Operations