Table 10. Quarterly U.S. Scheduled Passenger Airlines Revenue, Expenses and Profits
Reports from 25 airlines in 4Q 2016, (Millions of dollars)
Dataset Table:
| 4Q 2015 | 4Q 2016 | Change | 2015-2016 % Change | % of 4Q 2016 Revenue or Expense Total | |
|---|---|---|---|---|---|
| Operating Revenue | |||||
| Passenger Fares (scheduled/charter) | 30,168.1 | 30,449.6 | 281.5 | 0.93 | 74.08 |
| Cargo | 710.7 | 717.3 | 6.6 | 0.93 | 1.75 |
| Baggage | 957.8 | 1,029.0 | 71.2 | 7.43 | 2.50 |
| Reservation Changes | 715.0 | 660.9 | -54.1 | -7.57 | 1.61 |
| Transport-Related* | 6,700.9 | 6,949.2 | 248.3 | 3.71 | 16.91 |
| Other** | 1,272.7 | 1,297.3 | 24.6 | 1.93 | 3.16 |
| Total Operating Revenue*** | 40,525.2 | 41,103.3 | 578.1 | 1.43 | 100.00 |
| Operating Expense | |||||
| Fuel | 5,819.4 | 5,843.5 | 24.1 | 0.41 | 15.79 |
| Labor | 11,554.9 | 12,954.5 | 1,399.6 | 12.11 | 35.01 |
| Rentals | 2,163.4 | 2,188.2 | 24.8 | 1.15 | 5.91 |
| Depreciation & Amortization | 1,939.4 | 2,155.0 | 215.6 | 11.12 | 5.82 |
| Landing Fees | 694.3 | 712.2 | 17.9 | 2.58 | 1.92 |
| Maintenance Materials | 672.3 | 615.8 | -56.5 | -8.40 | 1.66 |
| Transport-Related* | 4,351.2 | 4,521.9 | 170.7 | 3.92 | 12.22 |
| Other**** | 7,543.5 | 8,010.0 | 466.5 | 6.18 | 21.65 |
| Total Operating Expense | 34,738.4 | 37,001.1 | 2,262.7 | 6.51 | 100.00 |
| Profits or Losses | |||||
| Operating Profit | 5,886.8 | 4,102.2 | -1,784.6 | -30.32 | N/A |
| Operating Margin# (%) | 14.5 | 10.0 | -4.5 | N/A | N/A |
| Nonoperating Income/(Expense)## | .-1295.6 | -648.5 | 647.1 | 50.00 | N/A |
| Pre-Tax Income | 4,591.2 | 3,453.8 | -1,137.4 | -24.77 | N/A |
| Income Tax Benefit/(Expense) | 2,299.4 | -1,444.3 | -3,743.7 | -162.81 | N/A |
| Other Income/(Expense) | 0.0 | 0.0 | 0.0 | 0.0 | N/A |
| Net Income | 6,890.7 | 2,009.5 | -4,881.2 | -70.84 | N/A |
| Net Margin### (%) | 17.0 | 4.9 | -12.1 | N/A | N/A |
Notes:
* Transport-Related is revenue/expenses from services which grow from and are incidental to the air transportation services performed by the air carrier. Examples are in-flight onboard sales (food, liquor, pillows, etc), code share revenues, revenues and expenses from associated businesses (aircraft maintenance, fuel sales, restaurants, vending machines, etc).
** Other revenue includes miscellaneous operating revenue (including pet transportation, sale of frequent flyer award miles to airline business partners and standby passenger fees) and public service revenues subsidy.
*** Based on U.S. Department of Transportation accounting standards, Total Operating Revenues are overstated by code share revenues which are included in both the mainline Transport-Related Revenues and the code share Passenger Revenue. Code share revenues are expensed out in the mainline Transport-Related Expense to allow a true Operating Profit(Loss). This reporting may understate all components of operating revenue, including Passenger Revenue, as a percentage of Total Operating Revenue.
**** Other expense includes purchase of materials such as passenger food and other materials; and purchase of services such as advertising, communication, insurance, outside flight equipment maintenance, traffic commissions and other services.
# Operating margin is the operating profit or loss as a percentage of operating revenue
## Nonoperating Income and Expense includes interest on long-term debt and capital leases, other interest expense, foreign exchange gains and losses, capital gains and losses and other income and expenses.
### Net margin is the net income or loss as a percentage of operating revenue.
Source:
Bureau of Transportation Statistics, Form 41; Schedules P1.2 and P6