American Airlines 1997 Annual Report Download - page 49

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AMR CORPORATION
47
Year Ended December 31,
(in millions, except per share amounts) 1997 1996 1995
Revenues
Airline Group:
Passenger - American Airlines, Inc. $14,310 $13,645 $ 13,134
- AMR Eagle 1,017 1,047 976
Cargo 687 682 677
Other 889 837 714
16,903 16,211 15,501
The SABRE Group 1,784 1,622 1,529
Management Services Group 610 620 572
Less: Intergroup revenues (727) (700) (692)
Total operating revenues 18,570 17,753 16,910
Expenses
Wages, salaries and benefits 6,328 5,961 5,779
Aircraft fuel 1,923 1,936 1,623
Commissions to agents 1,278 1,252 1,293
Depreciation and amortization 1,244 1,204 1,259
Other rentals and landing fees 896 895 878
Maintenance materials and repairs 873 697 641
Food service 677 672 682
Aircraft rentals 574 616 671
Other operating expenses 2,851 2,681 2,536
Restructuring costs - - 533
Total operating expenses 16,644 15,914 15,895
Operating Income 1,926 1,839 1,015
Other Income (Expense)
Interest income 138 80 63
Interest expense (399) (499) (670)
Gain on sale of stock by subsidiary -497 -
Miscellaneous - net (19) (284) (55)
(280) (206) (662)
Earnings Before Income Taxes and Extraordinary Loss 1,646 1,633 353
Income tax provision 661 528 162
Earnings Before Extraordinary Loss 985 1,105 191
Extraordinary Loss, Net of Tax Benefit - (89) (29)
Net Earnings $ 985 $1,016 $ 162
Earnings (Loss) Per Common Share:
Basic
Before extraordinary loss $11.05 $12.83 $ 2.51
Extraordinary loss -(1.03) (0.38)
Net earnings $11.05 $11.80 $ 2.13
Diluted
Before extraordinary loss $10.78 $12.15 $ 2.49
Extraordinary loss - (0.96) (0.38)
Net earnings $10.78 $11.19 $ 2.11
The accompanying notes are an integral part of these financial statements.
CONSOLI DATED STATEM ENT OF OPERATIONS