Airtran 2003 Annual Report Download - page 16

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SELECTED FINANCIAL AND OPERATING DATA
The following financial information for the five years ended December 31, 2003 has been derived from our consolidated financial
statements. This information should be read in conjunction with the consolidated financial statements and related Notes thereto
included elsewhere herein.
(in 000s, except per share data) 2003 2002 2001 2000 1999
FINANCIAL DATA:
Operating revenues $918,040 $733,370 $665,164 $624,094 $523,468
Net income (loss) $100,517(1) $ 10,745(2) $ (2,757)(3) $ 47,436 $ (99,394)(4)
Earnings (loss) per common share:
Basic $ 1.33 $ 0.15 $ (0.04) $ 0.72 $ (1.53)
Diluted $ 1.21 $ 0.15 $ (0.04) $ 0.69 $ (1.53)
Total assets at year-end $808,364 $473,450 $497,816 $546,255 $467,014
Long-term debt obligations including current
maturities at year-end $246,836 $210,173 $268,211 $427,903 $415,688
OPERATING DATA:
Revenue passengers 11,651,340 9,653,777 8,302,732 7,566,986 6,460,533
Revenue passenger miles (RPM) (000s)(5) 7,143,125 5,581,263 4,506,007 4,115,745 3,473,490
Available seat miles (ASM) (000s)(6) 10,046,385 8,255,809 6,537,756 5,859,395 5,467,556
Passenger load factor(7) 71.1% 67.6% 68.9% 70.2% 63.5%
Break-even load factor(8) 64.1% 66.7% 66.3% 64.7% 59.4%
Average yield per RPM(9) 12.46¢ 12.79¢ 14.39¢ 14.70¢ 14.01¢
Passenger revenue per ASM(10) 8.86¢ 8.64¢ 9.92¢ 10.32¢ 8.90¢
Operating cost per ASM(11) 8.28¢ 8.51¢ 9.33¢ 9.27¢ 8.19¢
Operating cost per ASM, excluding aircraft fuel(12) 6.50¢ 6.64¢ 7.20¢ 6.87¢ 6.94¢
Average stage length (miles) 599 567 541 537 528
Average cost of aircraft fuel per gallon 98.39¢ 90.37¢ 93.85¢ 100.89¢ 49.95¢
Average daily utilization (hours:minutes)(13) 10:56 10:36 9:54 10:18 9:54
Number of operating aircraft in fleet at end of period 74 65 59 53 47
Note: All special items listed below are pre-tax.
(1) Includes a $38.1 million payment under the Wartime Act, deferred debt discount/issuance cost amortization of $12.3 million and reversal of a tax valuation allowance
of $15.9 million
(2) Includes a $0.6 million grant from the U.S. government pursuant to the Air Transportation Safety and System Stabilization Act (the Stabilization Act)
(3) Includes a $28.0 million impairment loss related to our DC-9 fleet, an $18.1 million impairment loss/lease termination charge related to our retired B737 fleet, special
charges of $2.5 million incurred during the federal ground stop order, a $29.0 million grant from the U.S. government pursuant to the Stabilization Act, and the
cumulative effect of a change in accounting principle of $0.7 million
(4) Includes a $147.7 million impairment loss related to our DC-9 fleet and a gain of $19.6 million for a litigation settlement
(5) The number of scheduled revenue miles flown by passengers
(6) The number of seats available for passengers multiplied by the number of scheduled miles each seat is flown
(7) The percentage of aircraft seating capacity that is actually utilized (RPMs divided by ASMs)
(8) The percentage of seats that must be occupied by revenue passengers in order for us to break even on a pre-tax income basis, excluding special items
(9) The average amount one passenger pays to fly one mile
(10) Passenger revenue divided by ASMs
(11) Operating expenses, excluding special items, divided by ASMs
(12) Operating expenses, excluding aircraft fuel expense and special items, divided by ASMs
(13) The average amount of time per day that an aircraft flown is operated in revenue service
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