Embed presentation
Download to read offline

The document reconciles GAAP and non-GAAP financial measures for November 30, 2006 and November 30, 2005. It shows that mainline cost per available seat mile (CASM) was 10.43 cents in 2006 and 10.73 cents in 2005, but drops to 7.33 cents and 7.53 cents respectively when excluding fuel expenses. It also shows that passenger revenue per available seat mile (PRASM) was 10.70 cents in 2006 and 9.62 cents in 2005, but decreases to 10.15 cents and 8.97 cents when adjusting for differences in length of aircraft haul compared to industry averages.
