EX-99.7 SELECTED FINANCIAL DATA

EX-99.7 8 g90933exv99w7.htm EX-99.7 SELECTED FINANCIAL DATA EX-99.7 SELECTED FINANCIAL DATA

Exhibit 99.7

SELECTED FINANCIAL DATA

Consolidated Summary of Operations
For the years ended December 31, 2003-1999


(in millions, except share data)		2003⁽¹⁾			2002⁽²⁾			2001⁽³⁾			2000⁽⁴⁾			1999⁽⁵⁾

Operating revenues⁽⁸⁾		$	14,087		$	13,866		$	13,879		$	16,741		$	14,883
Operating expenses⁽⁸⁾			14,872			15,175			15,481			15,104			13,565

Operating income (loss)			(785	)		(1,309	)		(1,602	)		1,637			1,318
Interest income (expense), net⁽⁶⁾			(721	)		(629	)		(410	)		(257	)		(126	)
Miscellaneous income (expense), net⁽⁷⁾			326			17			80			328			901
Gain loss on extinguishment of debt, net			—			(42	)		—			—			—
Fair value adjustments of SFAS 133 derivatives			(9	)		(39	)		68			(159	)		—

Income (loss) before income taxes and cumulative effect of change in accounting principle			(1,189	)		(2,002	)		(1,864	)		1,549			2,093
Income tax benefit (provision)			416			730			648			(621	)		(831	)

Net income (loss) before cumulative effect of change in accounting principle			(773	)		(1,272	)		(1,216	)		928			1,262

Net income (loss) after cumulative effect of change in accounting principle			(773	)		(1,272	)		(1,216	)		828			1,208
Preferred stock dividends			(17	)		(15	)		(14	)		(13	)		(12	)

Net Income (loss) attributable to common shareowners		$	(790	)	$	(1,287	)	$	(1,230	)	$	815		$	1,196

Earnings (loss) per share before cumulative effect of change in accounting principle
	Basic	$	(6.40	)	$	(10.44	)	$	(9.99	)	$	7.39		$	9.05
	Diluted	$	(6.40	)	$	(10.44	)	$	(9.99	)	$	7.05		$	8.52

Earnings (loss) per share
	Basic	$	(6.40	)	$	(10.44	)	$	(9.99	)	$	6.58		$	8.66
	Diluted	$	(6.40	)	$	(10.44	)	$	(9.99	)	$	6.28		$	8.15

Dividends declared per common share		$	0.05		$	0.10		$	0.10		$	0.10		$	0.10

Other Financial and Statistical Data
For the years ended December 31, 2003-1999


	2003⁽¹⁾			2002⁽²⁾			2001⁽³⁾			2000⁽⁴⁾			1999⁽⁵⁾

Total assets (millions)	$	25,939		$	24,303		$	23,605		$	21,931		$	19,942
Long-term debt and capital leases (excluding current maturities) (millions)	$	11,538		$	10,174		$	8,347		$	5,896		$	4,303
Shareowners’ (deficit) equity (millions)	$	(659)		$	893		$	3,769		$	5,343		$	4,908
Shares of common stock outstanding at year end		123,544,945			123,359,205			123,245,666			123,013,372			132,893,470
Revenue passengers enplaned (thousands)		104,452			107,048			104,943			119,930			110,083
Available seat miles (millions)⁽⁸⁾		139,505			145,232			147,837			154,974			147,073
Revenue passenger miles (millions)⁽⁸⁾		102,301			104,422			101,717			112,998			106,165
Operating revenue per available seat mile⁽⁸⁾		10.10	¢		9.55	¢		9.39	¢		10.80	¢		10.12	¢
Passenger mile yield⁽⁸⁾		12.73	¢		12.26	¢		12.74	¢		13.86	¢		13.14	¢
Operating cost per available seat mile⁽⁸⁾		10.66	¢		10.45	¢		10.47	¢		9.75	¢		9.22	¢
Passenger load factor⁽⁸⁾		73.33	%		71.90	%		68.80	%		72.91	%		72.18	%
Breakeven passenger load factor⁽⁸⁾		77.75	%		79.25	%		77.31	%		65.29	%		65.37	%
Available ton miles (millions)		20,421			21,548			22,282			22,925			21,245
Revenue ton miles (millions)		11,271			11,698			11,752			13,058			12,227
Operating cost per available ton miles		68.99	¢		67.82	¢		69.48	¢		65.88	¢		63.85	¢
Cargo ton miles (millions)		1,404			1,495			1,583			1,855			1,747
Cargo ton mile yield		33.08	¢		30.62	¢		31.95	¢		31.46	¢		32.10	¢
Fuel gallons consumed (millions)		2,370			2,514			2,649			2,922			2,779
Average price per fuel gallon, net of hedging gains		81.78	¢		66.94	¢		68.60	¢		67.38	¢		51.13	¢

⁽¹⁾ Includes a $268 million charge ($169 million net of tax, or $1.37 diluted EPS) for restructuring, asset writedowns, pension settlements and related items, net; a $398 million gain ($251 million net of tax, or $2.03 diluted EPS) for Appropriations Act compensation; and a $304 million gain ($191 million net of tax, or $1.55 diluted EPS) for certain other income and expense items (see Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Form 10-K).

⁽²⁾ Includes a $439 million charge ($277 million net of tax, or $2.25 diluted EPS) for restructuring, asset writedowns, and related items, net; a $34 million gain ($22 million net of tax, or $0.17 diluted EPS) for Stabilization Act compensation; and a $94 million charge ($59 million net of tax, or $0.47 diluted EPS) for certain other income and expense items (see Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Form 10-K).

⁽³⁾ Includes a $1.1 billion charge ($695 million net of tax, or $5.63 diluted EPS) for restructuring, asset writedowns, and related items, net; a $634 million gain ($392 million net of tax, or $3.18 diluted EPS) for Stabilization Act compensation; and a $186 million gain ($114 million net of tax, or $0.92 diluted EPS) for certain other income and expense items (see Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in this Form 10-K).

⁽⁴⁾ Includes a $108 million charge ($66 million net of tax, or $0.50 diluted EPS) for restructuring, asset writedowns, and related items, net; a $151 million gain ($93 million net of tax, or $0.70 diluted EPS) for certain other income and expense items; and a $164 million cumulative effect, non-cash charge ($100 million net of tax, or $0.77 diluted EPS), resulting from our adoption of SFAS 133 on July 1, 2000.

⁽⁵⁾ Includes a $469 million charge ($286 million net of tax, or $1.94 diluted EPS) for asset writedowns; $927 million gain ($565 million net of tax, or $3.83 diluted EPS) from the sale of certain investments; an $89 million non-cash charge ($54 million net of tax, or $0.37 diluted EPS) from the cumulative effect of a change in accounting principle resulting from our adoption on January 1, 1999 of SAB 101; and a $40 million charge ($24 million net of tax, or $0.16 diluted EPS) for the early extinguishment of certain debt obligations.

⁽⁶⁾ Includes interest income.

⁽⁷⁾Includes gains (losses) from the sale of investments.

⁽⁸⁾Reflects the reclassifications discussed in Note 1 of the Notes to the Consolidated Financial Statements related to our contract carrier arrangements.