Fundamentals - Income Statement
| Year Ending Dec 2020 (Update) | Year Ending Dec 2019 (Update) | Year Ending Dec 2018 (Update) | Year Ending Dec 2017 (Restated) | |
|---|---|---|---|---|
| Net Sales | 990.07 | 1,840.97 | 1,667.45 | 1,511.20 |
| Revenue | 990.07 | 1,840.97 | 1,667.45 | 1,511.20 |
| Total Revenue | 990.07 | 1,840.97 | 1,667.45 | 1,511.20 |
| Cost of Revenue | 295.55 | 519.54 | 545.70 | 459.91 |
| Cost of Revenue, Total | 295.55 | 519.54 | 545.70 | 459.91 |
| Gross Profit | 694.52 | 1,321.43 | 1,121.75 | 1,051.29 |
| Selling/General/Administrative Expense | 175.89 | 221.23 | 205.73 | 178.36 |
| Labor & Related Expense | 377.83 | 450.45 | 413.89 | 371.60 |
| Advertising Expense | 12.40 | 29.10 | 28.80 | 20.90 |
| Selling/General/Administrative Expenses, Total | 566.11 | 700.78 | 648.43 | 570.86 |
| Depreciation | 176.27 | 155.85 | 129.35 | 121.71 |
| Depreciation/Amortization | 176.27 | 155.85 | 129.35 | 121.71 |
| Impairment-Assets Held for Use | -- | 0.00 | 0.00 | 35.25 |
| Other Unusual Expense (Income) | 181.71 | 3.68 | -- | -- |
| Unusual Expense (Income) | 181.71 | 3.68 | 0.00 | 35.25 |
| Other Operating Expense | 79.28 | 100.85 | 100.52 | 92.84 |
| Other Operating Expenses, Total | 79.28 | 100.85 | 100.52 | 92.84 |
| Total Operating Expense | 1,298.91 | 1,480.69 | 1,423.99 | 1,280.57 |
| Operating Income | -308.84 | 360.27 | 243.46 | 230.63 |
| Interest Expense - Non-Operating | -60.49 | -76.80 | -53.76 | -38.99 |
| Interest Capitalized - Non-Operating | 4.07 | 4.47 | -- | -- |
| Interest Expense, Net Non-Operating | -56.43 | -72.33 | -53.76 | -38.99 |
| Interest Income, Non-Operating | 5.51 | 12.52 | 9.23 | 5.81 |
| Interest/Investment Income, Non-Operating | 5.51 | 12.52 | 9.23 | 5.81 |
| Interest Income (Expense), Net-Non-Operating, Total | -50.92 | -59.81 | -44.54 | -33.18 |
| Other Non-Operating Income (Expense) | -1.31 | 0.78 | 0.40 | 1.56 |
| Other, Net | -1.31 | 0.78 | 0.40 | 1.56 |
| Net Income Before Taxes | -361.07 | 301.25 | 199.32 | 199.01 |
| Income Tax – Total | -176.97 | 69.13 | 37.52 | 75.60 |
| Income After Tax | -184.09 | 232.12 | 161.80 | 123.41 |
| Minority Interest | -- | -- | -- | -- |
| Net Income Before Extraordinary Items | -184.09 | 232.12 | 161.80 | 123.41 |
| Extraordinary Item | -- | 0.00 | 0.00 | 74.74 |
| Total Extraordinary Items | -- | 0.00 | 0.00 | 74.74 |
| Net Income | -184.09 | 232.12 | 161.80 | 198.15 |
| Miscellaneous Earnings Adjustment | -0.24 | -3.41 | -2.11 | -2.97 |
| Total Adjustments to Net Income | -0.24 | -3.41 | -2.11 | -2.97 |
| Income Available to Common Excluding Extraordinary Items | -184.33 | 228.70 | 159.70 | 120.45 |
| Income Available to Common Stocks Including Extraordinary Items | -184.33 | 228.70 | 159.70 | 195.18 |
| Basic Weighted Average Shares | 15.99 | 16.03 | 15.94 | 16.07 |
| Basic EPS Excluding Extraordinary Items | -11.53 | 14.27 | 10.02 | 7.49 |
| Basic EPS Including Extraordinary Items | -11.53 | 14.27 | 10.02 | 12.14 |
| Dilution Adjustment | -- | -- | 0.00 | -- |
| Diluted Net Income | -184.33 | 228.70 | 159.70 | 195.18 |
| Diluted Weighted Average Shares | 15.99 | 16.04 | 15.97 | 16.10 |
| Diluted EPS Excluding Extraordinary Items | -11.53 | 14.26 | 10.00 | 7.48 |
| Diluted EPS Including Extraordinary Items | -11.53 | 14.26 | 10.00 | 12.13 |
| DPS - Common Stock Primary Issue | 0.70 | 2.80 | 2.80 | 2.80 |
| Gross Dividends - Common Stock | 11.48 | 45.55 | 45.25 | 45.72 |
| Total Special Items | 181.71 | 3.68 | 0.00 | 35.25 |
| Normalized Income Before Taxes | -179.36 | 304.92 | 199.32 | 234.26 |
| Effect of Special Items on Income Taxes | 63.60 | 0.84 | 0.00 | 13.39 |
| Income Taxes Excluding Impact of Special Items | -113.38 | 69.97 | 37.52 | 88.99 |
| Normalized Income After Taxes | -65.98 | 234.95 | 161.80 | 145.27 |
| Normalized Income Available to Common | -66.22 | 231.54 | 159.70 | 142.31 |
| Basic Normalized EPS | -4.14 | 14.45 | 10.02 | 8.85 |
| Diluted Normalized EPS | -4.14 | 14.43 | 10.00 | 8.84 |
| Depreciation, Supplemental | 176.27 | 155.85 | 129.35 | 121.71 |
| Interest Expense, Supplemental | 56.43 | 72.33 | 53.76 | 38.99 |
| Interest Capitalized, Supplemental | -4.07 | -4.47 | -- | -- |
| Rental Expense, Supplemental | 12.62 | 5.82 | 12.70 | 9.00 |
| Stock-Based Compensation, Supplemental | 19.29 | 18.23 | 15.10 | 13.86 |
| Advertising Expense, Supplemental | 12.40 | 29.10 | 28.80 | 20.90 |
| Equity in Affiliates, Supplemental | -- | -- | -- | -- |
| Minority Interest, Supplemental | -- | -- | -- | -- |
| Audit-Related Fees, Supplemental | -- | -- | 0.82 | -- |
| Audit-Related Fees | -- | -- | 0.69 | -- |
| Tax Fees, Supplemental | -- | -- | 0.00 | -- |
| All Other Fees Paid to Auditor, Supplemental | -- | -- | 0.00 | -- |
| Gross Margin | 70.15 | 71.78 | 67.27 | 69.57 |
| Operating Margin | -31.19 | 19.57 | 14.60 | 15.26 |
| Pretax Margin | -36.47 | 16.36 | 11.95 | 13.17 |
| Effective Tax Rate | -- | 22.95 | 18.82 | 37.99 |
| Net Profit Margin | -18.62 | 12.42 | 9.58 | 7.97 |
| Normalized EBIT | -127.13 | 363.95 | 243.46 | 265.88 |
| Normalized EBITDA | 49.13 | 519.80 | 372.81 | 387.60 |
| Current Tax - Domestic | -195.57 | -0.03 | -3.71 | -44.39 |
| Current Tax - Foreign | 0.13 | 0.53 | 1.09 | 0.56 |
| Current Tax - Local | -0.21 | 0.51 | -0.65 | 0.66 |
| Current Tax - Total | -195.65 | 1.00 | -3.27 | -43.16 |
| Deferred Tax - Domestic | 24.13 | 63.43 | 41.59 | 115.75 |
| Deferred Tax - Foreign | 0.00 | 0.00 | -4.55 | 1.03 |
| Deferred Tax - Local | -5.45 | 4.70 | 3.74 | 1.98 |
| Deferred Tax - Total | 18.68 | 68.13 | 40.79 | 118.76 |
| Income Tax - Total | -176.97 | 69.13 | 37.52 | 75.60 |
| Defined Contribution Expense - Domestic | 18.60 | 19.00 | 19.10 | -- |
| Total Pension Expense | 18.60 | 19.00 | 19.10 | -- |
| Revenue Passengers | 8,553,623.00 | 15,012,149.00 | 13,750,199.00 | 12,310,122.00 |
| Revenue Passengers Kilometers (RPK) | 12,273.58 | 20,982.58 | 19,806.54 | 17,874.57 |
| Available Seat Kilometers (ASK) | 21,123.45 | 26,029.85 | 23,978.96 | 21,906.34 |
| Load Factor, Total -% | 58.10 | 80.61 | 82.60 | 81.60 |
| Revenue per ASK | -- | -- | -- | -- |
| Passenger Haul, Average Length (Kilometers) | 1,423.19 | 1,397.71 | 1,440.46 | 1,452.02 |
| Aircraft Stage, Average Length (Kilometers) | 1,387.25 | 1,375.99 | 1,396.91 | 1,400.13 |
| Number of Trips Flown (Departures) | 87,955.00 | 110,542.00 | 101,212.00 | 93,061.00 |
| Average Passenger Fare, Total | 110.91 | 118.26 | 116.99 | 117.38 |
| Passenger Revenue per RPK | 0.07 | 0.08 | 0.08 | 0.08 |
| Passenger Revenue per ASK | 0.04 | 0.06 | 0.06 | 0.06 |
| Operating Revenue per ASK | 0.05 | 0.07 | 0.07 | 0.07 |
| Operating Expense per ASK | 0.06 | 0.06 | 0.06 | 0.06 |
| Operating Expense per ASK, excluding Fuel | 0.05 | 0.04 | 0.04 | 0.04 |
| Fuel Cost per Liter | 0.39 | 0.58 | 0.62 | 0.49 |
| Fuel Consumed, Liters | 565.84 | 743.61 | 724.80 | 706.22 |
| Average Number of Operating Aircraft | 97.40 | 85.60 | 91.00 | 87.30 |
| Number of Hours Flown | 196,849.00 | 248,513.00 | 230,123.00 | 212,405.00 |
In millions of USD (except for per share items)
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