America 2 Airline Alaska West American Continental Delta Northwest Southwest United TWA Average 3. Operating Revenue ($ Millions) 1,696.6 2,164.0 16,085.5 Operating Expenses ($ Millions) 1,518.9 1,966.1 15,082.6 8,381.5 7,932.5 14,901.4 9,869.1 13,640.3 9,099.2 4,735.6 17,966.7 3,308.7 8,790 3,954.1 16,608.8 3,651.4 8,162 6 Operating Profits (Loss) ($ Millions) 176.7 197.9 1,002.9 449.1 1,261.1 768.8 781.5 1,357.9 (342.7) 628 Operating Margin 10.4% 9.1% 6.2% 5.4% 8.5% 7.8% 16.5% 7.6% -10.4% 6.8% B Net Income (Loss) ($ Millions) 119.4 116.6 625.8 449.6 1,285.6 287.8 474.4 1,203.8 (353.4) 468 Net Margin 7.0% 5.4% 3.9% 5.4% 8.6% 2.9% 10.0% 6.7% -10.7% 4.4% 0 1 Wages, Benefit, etc. ($ Millions) 513.8 476.1 4,978.6 1,997.2 4,449.0 3,055.8 1,386.0 5,655.3 1,144.8 2,629 2 Wages as of % of expenses 33.8% 24.2% 33.0% 25.2% 32.6% 33.6% 35.1% 34.1% 31.4% 31.4% 3 Fuel/Oil ($ Millions) 197.6 258.7 1,590.7 769.3 1,546.9 1,181.7 492.6 1,779.3 396.5 913 4 Fuel as % of expenses 13% 13.2% 10.5% 9.7% 11.3% 13.0% 12.5% 10.7% 10.9% 11.6% 5 Fuel + Wages (%) 47% 37% 44% 35% 44% 47% 48% 45% 42% 43.1% 6 7 Passengers (Millions) 13.6 18.7 84.6 43.9 105.4 54.7 65.3 86.5 25.8 55 8 RPMS Scheduled Rev. Svc. (Billions) 11.8 17.7 110.2 59.5 104.7 74.1 36.5 125.4 26.0 63 - 9 ASMS Scheduled Rev. Svc. (Billions) 17.3 25.9 158.2 81.0 144.7 99.4 52.9 176.5 35.6 88 0 Actual Load Factor (Sch. Svc. %) 68.0 68.4 69.6 73.5 72.4 74.6 69.0 71.0 73.1 71.1 1 Breakeven Load Factor (Sch. Svc. %) 63.1 62.9 66.8 72.3 67.8 69.6 55.6 67.5 84.3 67.8 2 3 On-flight passenger trip length (miles) 867 947 1,301 1,356 993 1,356 559 1,450 1,009 1,093 4 RPM's per aircraft mile 92.1 97.8 114.3 113.0 128.8 144.7 92.6 137.6 109.0 114 5 ASM's per aircraft mile (Ave # of seats/plane) 135.6 143.0 164.2 154.7 178.0 194.0 134.2 193.7 149.1 161 6 Overall flight stage length (miles) 765 862 1,183 1,107 850 904 465 1,121 836 899 7 8 Employment, Total Weighted Avg CY 8,312 9,749 78,757 34,438 63,799 48,483 26,506 86,611 19,466 41,791 9 Fleet 0 1 Revenue per RPM (Yield) (cents) 2 Cost per ASM (cents) 3 Wages & benefits per ASM (cents) 4 Employees per Million ASM 5 Operating revenue per employee 6 Operating profit per employee 7 Net profit per employee 8 Average wage per employee 9 Passengers per employee 0 RPMs per employee 1 ASMS per employee 2 Employees per aircraft 89 123 697 636 581 410 312 590 184 402 12.6 11.4 13.1 12.2 12.6 11.6 12.3 12.3 11.4 12.2 8.8 7.6 9.5 9.8 9.4 9.2 7.5 9.4 10.3 9.1 3.0 1.8 3.1 2.5 3.1 3.1 2.6 3.2 3.2 2.8 0.48 0.38 0.50 0.43 0.44 0.49 0.50 0.49 0.55 0.47 $ 203,994.00 $ 221,971 $202,242 $243,379 $233,568 $203,537 $178,661 $207,441 $169,973 207,196 $ $ $ 21,258.00 $ 20,300 $ 14,365.00 $ 11,960 $ 61,810.00 $ 48,831 $ 12,734 $ 13,041 $ 19,767 7,946 $ 13,055 $ 20,151 $ 5,936 $ 63,215 $ 57,995 $ 69,735 $15,857 $ 29,484 $15,678 -$17,605 14,502 17,898 $13,899 -$18,155 9,673 $63,028 $ 52,290 $65,296 $ 58,811 60,112 1,637 1,419,634 1,917 1,814,545 1,075 1,398,606 1,274 1,727,452 2,081,328 2,653,605 2,008,964 2,350,601 93 79 113 54 1,653 1,641,092 2,267,277 110 1,128 2,463 1,529,196 1,376,292 998 1,447,507 1,325 1,497 1,336,176 1,521,167 2,050,409 118 1,995,775 85 2,038,309 147 1,828,316 106 2,141,620 101 2 Airline Alaska West American Continental Delta Northwest Southwest United 6 Operating Profits (Loss) ($ Millions) 176.7 197.9 1,002.9 449.1 1,261.1 768.8 781.5 1,357.9 TWA (342.7) Average 628 7 Operating Margin 10.4% 9.1% 6.2% 5.4% 8.5% 7.8% 16.5% 7. Available Seat Miles 6.8% 8 Net Income (Loss) ($ Millions) 119.4 116.6 625.8 449.6 1,285.6 287.8 474.4 1,201 is the total number of 468 seat-miles flown by 9 Net Margin 7.0% 5.4% 3.9% 5.4% 8.6% 2.9% 10.0% 6. all the planes in the 4.4% 10 fleet Revenue Passenger 11 Wages, Benefit, etc. ($ Millions) 513.8 476.1 4,978.6 1,997.2 4,449.0 3,055.8 1,386.0 5,655.3 1,144.0 2,629 12 Wages as of % of expenses 33.8% 24.2% 33.0% 25.2% 32.6% 33.6% 35.1% 34.1% 31.4% 31.4% Miles is the total passenger miles flown per year 13 Fuel/Oil ($ Millions) 197.6 258.7 1,590.7 769.3 1,546.9 1.181.7 492.6 1,779.3 396.5 913 14 Fuel as % of expenses 13% 13.2% 10.5% 9.7% 11.3% 13.0% 12.5% 10.7% 10.9% 11.6% 15 Fuel + Wages (%) 47% 37% 44% 35% 44% 47% 48% 45% 42% 43.1% 16 17 Passengers (Millions) 13.6 18.7 84.6 43.9 105.4 54.7 65.3 86.5 25.8 55 18 RPMS Scheduled Rev. Svc. (Billions) 11.8 17.7 110.2 59.5 104.7 74.1 36.5 125.4 26.0 63 19 ASMS - Scheduled Rev. Svc. (Billions) 17.3 25.9 158.2 81.0 144.7 99.4 52.9 176.5 35.6 88 This should be the load factor at which they break even, i.e. optg expenses will be equal to operating revenues 20 Actual Load Factor (Sch. Svc. %) 68.0 68.4 69.6 73.5 72.4 74.6 69.0 71.0 73.1 71.1 21 Breakeven Load Factor (Sch. Svc. %) 63.1 62.9 66.8 72.3 67.8 69.6 55.6 67.5 84.3 67.8 22 23 On-flight passenger trip length (miles) 867 947 1,301 1,356 993 1,356 559 1,450 1,009 1,093 This is RPMs divided by ASMs and represents the average 24 RPM's per aircraft mile 92.1 97.8 114.3 113.0 128.8 144.7 92.6 137.6 109.0 114 25 ASM's per aircraft mile (Ave # of seats/plane) 135.6 143.0 164.2 154.7 178.0 194.0 134.2 193.7 149.1 161 26 Overall flight stage length (miles) 765 862 1,183 1,107 850 904 465 1,121 836 899 utilization of a seat-mile (also equal to RPMs per aircraft mile divided by ASMs per aircraft mile) 27 28 Employment, Total Weighted Avg CY 8,312 9,749 78,757 34,438 63,799 29 Fleet 30 31 Revenue per RPM (Yield) (cents) 32 Cost per ASM (cents) 33 Wages & benefits per ASM (cents) 34 Employees per Million ASM 35 Operating revenue per employee 36 Operating profit per employee 37 Net profit per employee 38 Average wage per employee 39 Passengers per employee 40 RPMs per employee 89 122 607 636 581 48,483 410 26,506 312 86,611 19,466 41,791 590 184 402 This is also the average plane size, 12.6 i.e. seats per plane 12.2 12.6 116 12.3 12.3 11.4 12.2 9.8 9.4 This is the average 7.5 9.4 10.3 9.1 miles flown by a 30 2.5 3.1 2.6 3.2 3.2 2.8 Operating expenses divided by ASMS flight. This is average miles flown by a passenger on a journey (may involve more than 1 flight)=RPMs/Passengers 0.38 050 043 0.44 0.50 0.49 0.55 0.47 61,810.00 $ 1,637 1,419,634 $221,971 20,300 $ 11,960 $ 48,831 $ 1,917 1,814,545 $202 Operating revenues 568 8,661 $207,441 $169,973 207,196 divided by RPMs: (this is 12, higher than number in ,767 $15,857 $ 29,484 $15,678 -$17,605 7, row 32); should exclude 151 $ 5,936 $ 17,898 $13,899 -$18,155 |=RPMs divided by 14,502 (Miles flown by a plane 9,673 per year*Fleet size) 63 freight and other 735 1. revenues 1,398,606 1,727,452 ,653 $63,028 $ 1,128 52,290 2,463 1,641,092 1,529,196 1,376,292 $65,296 998 1,447,507 $ 58,811 60,112 1,325 1,336,176 1,497 1,521,167