American Airlines 2007 Annual Report Download - page 51

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48
AMR CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share amounts)
Year Ended December 31,
2007 2006 2005
Revenues
Passenger - American Airlines $ 18,235 $ 17,862 $ 16,614
- Regional Affiliates 2,470 2,502 2,148
Cargo 825 827 784
Other revenues 1,405 1,372 1,166
Total operating revenues 22,935 22,563 20,712
Expenses
Wages, salaries and benefits 6,770 6,813 6,755
Aircraft fuel 6,670 6,402 5,615
Other rentals and landing fees 1,278 1,283 1,262
Depreciation and amortization 1,202 1,157 1,164
Commissions, booking fees and credit card expense 1,028 1,076 1,113
Maintenance, materials and repairs 1,057 971 985
Aircraft rentals 591 606 591
Food service 534 508 507
Other operating expenses 2,840 2,687 2,809
Total operating expenses 21,970 21,503 20,801
Operating Income (Loss) 965 1,060 (89)
Other Income (Expense)
Interest income 337 279 149
Interest expense (914) (1,030) (957)
Interest capitalized 20 29 65
Miscellaneous – net 96 (107) (25)
(461) (829) (768)
Income (Loss) Before Income Taxes
504
231
(857)
Income tax - - -
Net Earnings (Loss) $ 504 $ 231 $ (857)
Earnings (Loss) Per Share
Basic $ 2.06 $ 1.13 $ (5.18)
Diluted $ 1.78 $ 0.98 $ (5.18)
The accompanying notes are an integral part of these financial statements.