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TAMUSA AIRWAYS CORPORATION

CONSOLIDATED BALANCE SHEETS

$($In millions, except share data$)$

December $31,$

$2011$

ASSETS

CURRENT ASSETS

Cash and cash equivalents $..................................................$$ $673$

Investment securities $.......................................................553$

Receivables, less allowance $(2011-$$$8)...............................................101$

Inventories, less allowance $(2011-$$$4)................................................50$

Restricted cash $............................................................$

Prepaid expenses $..........................................................147$

Other $.....................................................................5$

Deferred income taxes $.......................................................\mathrm{.}99$

Total current assets $.......................................................1,628$

PROPERTY AND EQUIPMENT

Flight equipment $..........................................................4,719$

Predelivery deposits for flight equipment $........................................154$

$4,873$

Less accumulated depreciation $................................................827$

$4,046$

Other property and equipment $.................................................531$

Less accumulated depreciation $................................................207$

$324$

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