Alaska Airlines and Horizon Air 2010 Annual Report Download - page 138

ITEM 6. SELECTED CONSOLIDATED FINANCIAL AND
OPERATING DATA—(continued)
2004 2003 2002 2001 2000
CONSOLIDATED OPERATING RESULTS (audited)
Year Ended December 31 (in millions, except per share
amounts):
Operating Revenues ................................. $2,723.8 $2,444.8 $2,224.1 $2,152.8 $2,194.0
Operating Expenses ................................. 2,718.1 2,455.9 2,317.3 2,279.1 2,227.1
Operating Income (Loss) ............................. 5.7 (11.1) (93.2) (126.3) (33.1)
Nonoperating income (expense), net of interest
capitalized (a) .................................... (26.3) 40.1 (8.6) 62.8 6.2
Income (loss) before income tax and accounting change .... (20.6) 29.0 (101.8) (63.5) (26.9)
Income (loss) before accounting change ................. (15.3) 13.5 (67.2) (43.4) (20.4)
Net Income (Loss) .................................. $ (15.3) $ 13.5 $ (118.6) $ (43.4) $ (67.2)
Average basic shares outstanding
Average diluted shares outstanding ..................... 26.859 26.648 26.546 26.499 26.440
Basic earnings (loss) per share before accounting change . . . 26.859 26.730 26.546 26.499 26.440
Basic earnings (loss) per share ........................ $ (0.57) $ 0.51 $ (2.53) $ (1.64) $ (0.77)
Diluted earnings (loss) per share before accounting
change ......................................... (0.57) 0.51 (4.47) (1.64) (2.54)
Diluted earnings (loss) per share ....................... (0.57) 0.51 (2.53) (1.64) (0.77)
CONSOLIDATED FINANCIAL POSITION(audited) (0.57) 0.51 (4.47) (1.64) (2.54)
At End of Period (in millions, except ratio):
Total assets ....................................... $3,335.0 $3,259.2 $2,880.7 $2,950.5 $2,528.1
Long-term debt and capital lease obligations, net of current
portion ......................................... 989.6 906.9 856.7 852.2 509.2
Shareholders’ equity ................................ 664.8 674.2 655.7 851.3 895.1
Ratio of earnings to fixed charges (b) (unaudited) .......... 0.89 1.22 0.28 0.48 0.66
STATISTICS(unaudited)
Alaska Airlines Mainline Operating Data:
Revenue passengers (000) ........................... 16,295 15,047 14,154 13,668 13,525
Revenue passenger miles (RPM) (000,000) .............. 16,231 14,554 13,186 12,249 11,986
Available seat miles (ASM) (000,000) ................... 22,276 20,804 19,360 17,919 17,315
Revenue passenger load factor ........................ 72.9% 70.0% 68.1% 68.4% 69.2%
Yield per passenger mile ............................. 12.47¢ 12.65¢ 12.65¢ 13.12¢ 13.56¢
Operating revenues per ASM .......................... 10.02¢ 9.74¢ 9.47¢ 9.84¢ 10.20¢
Operating expenses per ASM .......................... 10.07¢ 9.81¢ 9.87¢ 10.24¢ 10.35¢
Operating expenses per ASM, excluding fuel and noted
items (d) ........................................ 7.92¢ 8.34¢ 8.52¢ 8.73¢ 8.54¢
Average number of full-time equivalent employees ......... 9,968 10,040 10,142 10,115 9,611
Operating fleet at period-end .......................... 108 109 102 101 95
Horizon Air Operating Data (c):
Revenue passengers (000) ........................... 5,930 4,934 4,815 4,668 5,044
Revenue passenger miles (RPM) (000,000) .............. 2,155 1,640 1,514 1,350 1,428
Available seat miles (ASM) (000,000) ................... 3,107 2,569 2,428 2,148 2,299
Revenue passenger load factor ........................ 69.3% 63.9% 62.4% 62.8% 62.1%
Yield per passenger mile ............................. 22.61¢ 26.96¢ 26.02¢ 28.15¢ 29.82¢
Operating revenues per ASM .......................... 16.20¢ 18.06¢ 17.29¢ 19.02¢ 19.27¢
Operating expenses per ASM .......................... 15.57¢ 17.79¢ 17.87¢ 21.02¢ 19.53¢
Operating expenses per ASM, excluding fuel and noted
items (d) ........................................ 13.58¢ 15.80¢ 15.99¢ 18.48¢ 16.48¢
Average number of full-time equivalent employees ......... 3,423 3,361 3,476 3,764 3,795
Operating fleet at period-end .......................... 65 62 63 60 62
(c) Includes Horizon services operated as Frontier JetExpress in 2004 through 2007 and flights operated under the Capacity
Purchase Agreement with Alaska in 2007 through 2010.
(d) See reconciliation of this measure to the most directly related GAAP measure in the “Results of Operations” section for both
Alaska and Horizon.
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