American Airlines 2008 Annual Report Download - page 55

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52
AMR CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions, except per share amounts)
Year Ended December 31,
2008
2007
2006
Revenues
Passenger - American Airlines
$ 18,234
$ 17,651
$ 17,291
- Regional Affiliates
2,486
2,470
2,502
Cargo
874
825
827
Other revenues
2,172
1,989
1,943
Total operating revenues
23,766
22,935
22,563
Expenses
Aircraft fuel
9,014
6,670
6,402
Wages, salaries and benefits
6,655
6,770
6,813
Other rentals and landing fees
1,298
1,278
1,283
Depreciation and amortization
1,207
1,202
1,157
Maintenance, materials and repairs
1,237
1,057
971
Commissions, booking fees and credit card expense
997
1,028
1,076
Aircraft rentals
492
591
606
Food service
518
534
508
Special charges
1,213
63
-
Other operating expenses
3,024
2,777
2,687
Total operating expenses
25,655
21,970
21,503
Operating Income (Loss)
(1,889)
965
1,060
Other Income (Expense)
Interest income
181
337
279
Interest expense
(756)
(914)
(1,030)
Interest capitalized
33
20
29
Miscellaneous – net
360
96
(107)
(182)
(461)
(829)
Income (Loss) Before Income Taxes
(2,071)
504
231
Income tax
-
-
-
Net Earnings (Loss)
$ (2,071)
$ 504
$ 231
Earnings (Loss) Per Share
Basic
$ (7.98)
$ 2.06
$ 1.13
Diluted
$ (7.98)
$ 1.78
$ 0.98
The accompanying notes are an integral part of these financial statements.