Alaska Airlines and Horizon Air 2007 Annual Report Download - page 161

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ITEM 8. CONSOLIDATED FINANCIAL STATEMENTS AND
SUPPLEMENTARY DATA
SELECTED QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (unaudited)
1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
(in millions, except per share) 2007 2006 2007 2006 2007** 2006 2007 2006
Operating revenues ...... $759.4 $ 735.4 $904.4 $873.0 $988.8 $935.7 $853.4 $790.3
Operating income (loss) . . . (18.1) (125.2) 77.7 80.1 137.0 (24.0) 15.4 (18.2)
Net income (loss) ........ (10.3) (79.1) 46.1 55.5 81.8 (17.4) 7.4 (11.6)
Basic earnings (loss) per
share:
Net income (loss)* ....... (0.26) (2.36) 1.14 1.46 2.02 (0.44) 0.19 (0.29)
Diluted earnings (loss) per
share: ...............
Net income (loss)* ....... (0.26) (2.36) 1.13 1.38 2.01 (0.44) 0.19 (0.29)
* For earnings per share, the sum of the quarters will not equal the total for the full year.
** Third quarter results have been adjusted for an error in our calculation of deferred Mileage Plan revenues. The error resulted
in an overstatement of passenger revenue of $6.3 million ($4.0 million, net of tax, or $0.10 per diluted share). We have
concluded that this item is not material, and in accordance with SEC Staff Accounting Bulletin No. 108, we will make
appropriate adjustments to our previously filed financial statements when they are presented in future Exchange Act reports.
61
ŠForm 10-K