Fundamentals - Income Statement

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  Year Ending Dec 2021 (Update) Year Ending Dec 2020 (Update) Year Ending Dec 2019 (Update) Year Ending Dec 2018 (Update)
Net Sales 1,707.91 990.07 1,840.97 1,667.45
Revenue 1,707.91 990.07 1,840.97 1,667.45
Total Revenue 1,707.91 990.07 1,840.97 1,667.45
Cost of Revenue 567.42 295.55 519.54 545.70
Cost of Revenue, Total 567.42 295.55 519.54 545.70
Gross Profit 1,140.49 694.52 1,321.43 1,121.75
Selling/General/Administrative Expense 284.79 175.89 221.23 205.73
Labor & Related Expense 484.57 377.83 450.45 413.89
Advertising Expense 31.30 12.40 29.10 28.80
Selling/General/Administrative Expenses, Total 800.66 566.11 700.78 648.43
Depreciation 181.04 176.27 155.85 129.35
Depreciation/Amortization 181.04 176.27 155.85 129.35
Impairment-Assets Held for Use 0.50 -- 0.00 0.00
Other Unusual Expense (Income) -188.61 181.71 3.68 --
Unusual Expense (Income) -188.11 181.71 3.68 0.00
Other Operating Expense 83.90 79.28 100.85 100.52
Other Operating Expenses, Total 83.90 79.28 100.85 100.52
Total Operating Expense 1,444.91 1,298.91 1,480.69 1,423.99
Operating Income 263.00 -308.84 360.27 243.46
Interest Expense - Non-Operating -68.40 -60.49 -76.80 -53.76
Interest Capitalized - Non-Operating -- 4.07 4.47 --
Interest Expense, Net Non-Operating -68.40 -56.43 -72.33 -53.76
Interest Income, Non-Operating 1.81 5.51 12.52 9.23
Interest/Investment Income, Non-Operating 1.81 5.51 12.52 9.23
Interest Income (Expense), Net-Non-Operating, Total -66.59 -50.92 -59.81 -44.54
Other Non-Operating Income (Expense) 0.21 -1.31 0.78 0.40
Other, Net 0.21 -1.31 0.78 0.40
Net Income Before Taxes 196.62 -361.07 301.25 199.32
Income Tax – Total 44.77 -176.97 69.13 37.52
Income After Tax 151.85 -184.09 232.12 161.80
Minority Interest -- -- -- --
Net Income Before Extraordinary Items 151.85 -184.09 232.12 161.80
Extraordinary Item -- -- 0.00 0.00
Total Extraordinary Items -- -- 0.00 0.00
Net Income 151.85 -184.09 232.12 161.80
Miscellaneous Earnings Adjustment -2.22 -0.24 -3.41 -2.11
Total Adjustments to Net Income -2.22 -0.24 -3.41 -2.11
Income Available to Common Excluding Extraordinary Items 149.64 -184.33 228.70 159.70
Income Available to Common Stocks Including Extraordinary Items 149.64 -184.33 228.70 159.70
Basic Weighted Average Shares 17.21 15.99 16.03 15.94
Basic EPS Excluding Extraordinary Items 8.69 -11.53 14.27 10.02
Basic EPS Including Extraordinary Items 8.69 -11.53 14.27 10.02
Dilution Adjustment -- -- -- 0.00
Diluted Net Income 149.64 -184.33 228.70 159.70
Diluted Weighted Average Shares 17.23 15.99 16.04 15.97
Diluted EPS Excluding Extraordinary Items 8.68 -11.53 14.26 10.00
Diluted EPS Including Extraordinary Items 8.68 -11.53 14.26 10.00
DPS - Common Stock Primary Issue -- -- 2.80 2.80
Gross Dividends - Common Stock 0.00 11.48 45.55 45.25
Total Special Items -188.11 181.71 3.68 0.00
Normalized Income Before Taxes 8.51 -179.36 304.92 199.32
Effect of Special Items on Income Taxes -42.83 63.60 0.84 0.00
Income Taxes Excluding Impact of Special Items 1.94 -113.38 69.97 37.52
Normalized Income After Taxes 6.57 -65.98 234.95 161.80
Normalized Income Available to Common 4.35 -66.22 231.54 159.70
Basic Normalized EPS 0.25 -4.14 14.45 10.02
Diluted Normalized EPS 0.25 -4.14 14.43 10.00
Depreciation, Supplemental 181.04 176.27 155.85 129.35
Interest Expense, Supplemental 68.40 56.43 72.33 53.76
Interest Capitalized, Supplemental -- -4.07 -4.47 --
Rental Expense, Supplemental 22.70 12.62 5.82 12.70
Stock-Based Compensation, Supplemental 16.13 19.29 18.23 15.10
Advertising Expense, Supplemental 31.30 12.40 29.10 28.80
Minority Interest, Supplemental -- -- -- --
Audit-Related Fees, Supplemental 1.48 1.55 1.22 0.82
Audit-Related Fees 0.01 0.01 0.00 0.69
Tax Fees, Supplemental 0.06 0.03 0.04 0.00
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 0.00 0.00
Gross Margin 66.78 70.15 71.78 67.27
Operating Margin 15.40 -31.19 19.57 14.60
Pretax Margin 11.51 -36.47 16.36 11.95
Effective Tax Rate 22.77 -- 22.95 18.82
Net Profit Margin 8.76 -18.62 12.42 9.58
Normalized EBIT 74.89 -127.13 363.95 243.46
Normalized EBITDA 255.93 49.13 519.80 372.81
Current Tax - Domestic -0.49 -195.57 -0.03 -3.71
Current Tax - Foreign -0.01 0.13 0.53 1.09
Current Tax - Local 0.55 -0.21 0.51 -0.65
Current Tax - Total 0.05 -195.65 1.00 -3.27
Deferred Tax - Domestic 40.69 24.13 63.43 41.59
Deferred Tax - Foreign -- 0.00 0.00 -4.55
Deferred Tax - Local 4.02 -5.45 4.70 3.74
Deferred Tax - Total 44.72 18.68 68.13 40.79
Income Tax - Total 44.77 -176.97 69.13 37.52
Defined Contribution Expense - Domestic 21.40 18.60 19.00 19.10
Total Pension Expense 21.40 18.60 19.00 19.10
Revenue Passengers 13,509,544.00 8,553,623.00 15,012,149.00 13,750,199.00
Revenue Passengers Kilometers (RPK) 19,253.69 12,273.58 20,982.58 19,806.54
Available Seat Kilometers (ASK) 28,148.28 21,123.45 26,029.85 23,978.96
Load Factor, Total -% 68.40 58.10 80.61 82.60
Passenger Haul, Average Length (Kilometers) 1,411.83 1,423.19 1,397.71 1,440.46
Aircraft Stage, Average Length (Kilometers) 1,377.60 1,387.25 1,375.99 1,396.91
Number of Trips Flown (Departures) 117,047.00 87,955.00 110,542.00 101,212.00
Average Passenger Fare, Total 123.24 110.91 118.26 116.99
Passenger Revenue per RPK 0.08 0.07 0.08 0.08
Passenger Revenue per ASK 0.06 0.04 0.06 0.06
Operating Revenue per ASK 0.06 0.05 0.07 0.07
Operating Expense per ASK 0.05 0.06 0.06 0.06
Operating Expense per ASK, excluding Fuel 0.04 0.05 0.04 0.04
Fuel Cost per Liter 0.56 0.39 0.58 0.62
Fuel Consumed, Liters 774.83 565.84 743.61 724.80
Average Number of Operating Aircraft 103.00 97.40 85.60 91.00
Number of Hours Flown 264,628.00 196,849.00 248,513.00 230,123.00

In millions of USD (except for per share items)

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