7% -- well below the airline's publicly stated third-quarter break-even load factor
In addition the airline's mainline break-even load factor
, excluding special items, for the period fell by 0.
Ryanair's break-even load factor
was in the low 50 per cent region, he said, putting the carrier in a strong position for an expected industry downturn.
2) Break-even load factor
, adjusted EBITDAR, Adjusted EBITDAR margin, Adjusted Net Income and Adjusted EPS (Basic and Diluted) exclude non-cash charges/gains associated with the mark-to-market of fuel hedges.
During 2006, the number of passengers transported by TAM increased by 28% and the load factor reached 74%, well above the break-even load factor
Underlying Break-even load factor
for 1Q09 decreased 7.
Additionally, Fitch stated that LAN's "high level of profitability is due to its modern and fuel-efficient fleet", and "its integrated passenger and cargo operations, which provides revenue diversification and reduces the break-even load factor
We have also disclosed net margin and break-even load factor
as adjusted to exclude the impact of certain special items.
We believe that disclosing net income, diluted earnings per share, net margin and break-even load factor
excluding special items is helpful to our investors in evaluating our operational performance because we believe that the payment received under the Emergency Wartime Appropriations Act, 2003 and the convertible debt discount amortization charged to expense due to a debt to equity conversion are events that do not occur on a regular quarterly basis.
3 The following table reconciles break-even load factor
to break-even load factor
adjusted: Total operating expenses $570,089 $490,848 $1,603,114 $1,391,808 Plus: Other expense (income) 21,389 3,587 34,951 9,576 Gain on sale of aircraft - - 6,234 - Less: Cargo Revenue 1,075 864 3,133 2,943 Other Revenue 26,922 19,227 78,027 52,561 Midwest exchange offer expenses 10,650 - 10,650 - $552,831 $474,344 $1,552,489 $1,345,880 Average yield per RPM (cents) 12.
During fiscal fourth quarter 2003, the airline's break-even load factor
A reconciliation of the components of the calculation of break-even load factor
is as follows: