72 See accompanying notes to consolidated financial statements. Year Ended December 31, 2019 2018 2017 Operating revenues: Passenger $ 42,010 $ 40,676 $ 39,131 Cargo 863 1,013 890 Other 2,895 2,852 2,601 Total operating revenues 45,768 44,541 42,622 Operating expenses: Aircraft fuel and related taxes 7,526 8,053 6,128 Salaries, wages and benefits 12,609 12,251 11,954 Regional expenses 7,501 7,133 6,546 Maintenance, materials and repairs 2,380 2,050 1,959 Other rent and landing fees 2,055 1,900 1,806 Aircraft rent 1,326 1,264 1,197 Selling expenses 1,602 1,520 1,477 Depreciation and amortization 1,982 1,839 1,702 Special items, net 635 787 712 Other 5,087 5,088 4,910 Total operating expenses 42,703 41,885 38,391 Operating income 3,065 2,656 4,231 Nonoperating income (expense): Interest income 127 118 94 Interest expense, net (1,095 ) (1,056 ) (1,053 ) Other income, net 159 166 123 Total nonoperating expense, net (809 ) (772 ) (836 ) Income before income taxes 2,256 1,884 3,395 Income tax provision 570 472 2,113 Net income $ 1,686 $ 1,412 $ 1,282 Earnings per common share: Basic $ 3.80 $ 3.04 $ 2.62 Diluted $ 3.79 $ 3.03 $ 2.61 Weighted average shares outstanding (in thousands): Basic 443,363 464,236 489,164 Diluted 444,269 465,660 491,692 Cash dividends declared per common share $ 0.40 $ 0.40 $ 0.40 AMERICAN AIRLINES GROUP INC. CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except share and per share amounts)