American Airlines 2005 Annual Report Download - page 81

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78
13. Loss Per Share
The following table sets forth the computation of basic and diluted loss per share (in millions, except per share
amounts):
Year Ended December 31,
2005 2004 2003
Numerator:
Numerator for loss per share $ (861) $ (761) $ (1,228)
Denominator:
Denominator for basic and diluted loss per
share – weighted-average shares
165
161
158
Basic and diluted loss per share $ (5.21) $ (4.74) $ (7.76)
For the years ended December 31, 2005, 2004 and 2003, approximately 78 million, 52 million and 31 million
shares issuable upon conversion of the Company’s convertible notes or related to employee stock options and
deferred stock were not added to the denominator because inclusion of such shares would be antidilutive or
because the options’ exercise prices were greater than the average market price of the common shares.
14. Segment Reporting
The Company's operations of American and AMR Eagle are treated as an integrated route network and the route
scheduling system maximizes the operating results of the Company. The Company's chief operating decision
maker makes resource allocation decisions to maximize the Company's consolidated financial results. Based on
the way the Company treats the network and the manner in which resource allocation decisions are made, the
Company has only one operating segment for financial reporting purposes consisting of the operations of
American and AMR Eagle.
American is the largest scheduled passenger airline in the world. At the end of 2005, American provided
scheduled jet service to approximately 150 destinations throughout North America, the Caribbean, Latin America,
Europe and Asia. American is also one of the largest scheduled air freight carriers in the world, providing a full
range of freight and mail services to shippers throughout its system. AMR Eagle owns two regional airlines,
which do business as "American Eagle” - American Eagle Airlines, Inc. and Executive Airlines, Inc. The American
Eagle® carriers provide connecting service from eight of American's high-traffic cities to smaller markets
throughout the United States, Canada, Mexico and the Caribbean.