American Airlines 2004 Annual Report Download - page 46

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43
AMR CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share amounts)
Year Ended December 31,
2004 2003 2002
Revenues
Passenger - American Airlines $ 15,021 $ 14,332 $ 14,440
- Regional Affiliates 1,876 1,519 1,431
Cargo 625 558 561
Other revenues 1,123 1,031 988
Total operating revenues 18,645 17,440 17,420
Expenses
Wages, salaries and benefits 6,719 7,264 8,392
Aircraft fuel 3,969 2,772 2,562
Depreciation and amortization 1,292 1,377 1,366
Other rentals and landing fees 1,187 1,173 1,198
Commissions, booking fees and credit card expense 1,107 1,063 1,163
Maintenance, materials and repairs 971 860 1,108
Aircraft rentals 609 687 840
Food service 558 611 698
Other operating expenses 2,366 2,428 2,715
Special charges 11 407 718
U.S. government grant - (358) (10)
Total operating expenses 18,789 18,284 20,750
Operating Loss (144) (844) (3,330)
Other Income (Expense)
Interest income 66 55 71
Interest expense (871) (703) (685)
Interest capitalized 80 71 86
Miscellaneous – net 108 113 (2)
(617) (464) (530)
Loss Before Income Taxes and Cumulative Effect of
Accounting Change (761) (1,308) (3,860)
Income tax benefit - (80) (1,337)
Loss Before Cumulative Effect of Accounting
Change (761) (1,228) (2,523)
Cumulative Effect of Accounting Change, Net of
Applicable Income Taxes - - (988)
Net Loss $ (761) $ (1,228) $ (3,511)
Loss Per Share:
Basic and Diluted
Loss before cumulative effect of accounting change $ (4.74) $ (7.76) $ (16.22)
Cumulative effect of accounting change - - (6.35)
Net loss $ (4.74) $ (7.76) $ (22.57)
The accompanying notes are an integral part of these financial statements.