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United States Department of Transportation United States Department of Transportation

Table 10. Quarterly U.S. Scheduled Passenger Airlines Revenue, Expenses and Profits, 4Q 2017

Reports from 23 airlines in 4Q 2017, (Millions of dollars)

Dataset Table:

4Q 2016 4Q 2017 Change 2016-2017 % Change % of 4Q 2017 Revenue or Expense Total
Operating Revenue
Passenger Fares (scheduled/charter) 31,121.1 32,274.3 1,153.2 3.71 73.62
Cargo 717.3 843.7 126.4 17.62 1.92
Baggage 1,163.8 1,157.4 -6.4 -0.55 2.64
Reservation Changes 670.6 675.0 4.4 0.66 1.54
Transport-Related* 7,101.3 7,388.8 287.5 4.05 16.85
Other** 1,321.4 1,499.9 178.5 13.51 3.42
Total Operating Revenue*** 42,095.5 43,839.1 1,743.6 4.14 100.00
Operating Expense
Fuel 6,026.2 7,053.4 1,027.2 17.05 17.75
Labor 13,189.8 13,563.5 373.7 2.83 34.14
Rentals 2,173.1 2,218.6 45.5 2.09 5.58
Depreciation & Amortization 2,179.8 2,308.4 128.6 5.90 5.81
Landing Fees 749.9 757.7 7.8 1.04 1.91
Maintenance Materials 648.0 608.7 -39.3 -6.06 1.53
Transport-Related* 4,521.9 5,092.4 570.5 12.62 12.82
Other**** 7,964.9 8,131.9 167.0 2.10 20.47
Total Operating Expense 37,453.6 39,734.6 2,281.0 6.09 100.00
Profits or Losses
Operating Profit 4,641.9 4,104.5 -537.4 -11.58 N/A
Operating Margin# (%) 11.0 9.4 -1.7 N/A N/A
Nonoperating Income/(Expense)## -646.6 -538.5 647.1 50.00 N/A
Pre-Tax Income 3,995.3 3,566.1 -429.2 -10.74 N/A
Income Tax Benefit/(Expense) -1,444.3 1,575.1 3,019.4 -209.06 N/A
Other Income/(Expense) 0.0 0.0 0.0 0.0 N/A
Net Income 2,551.0 5,141.1 2,590.1 101.53 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