Fundamentals - Income Statement

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  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 -- 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 1.55 1.22 0.82 --
Audit-Related Fees 0.01 0.00 0.69 --
Tax Fees, Supplemental 0.03 0.04 0.00 --
All Other Fees Paid to Auditor, Supplemental 0.00 0.00 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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