Table 11. Domestic 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) | 22,355.5 | 22,627.8 | 272.3 | 1.22 | 71.56 |
| Cargo | 245.4 | 247.2 | 1.8 | 0.73 | 0.78 |
| Baggage | 744.0 | 821.6 | 77.6 | 10.43 | 2.60 |
| Reservation Changes | 462.0 | 439.3 | -22.7 | -4.91 | 1.39 |
| Transport-Related* | 5,209.4 | 6,428.6 | 1,219.2 | 23.40 | 20.33 |
| Other** | 1,008.1 | 1,057.0 | 48.9 | 4.85 | 3.34 |
| Total Operating Revenue*** | 30,024.4 | 31,621.5 | 1,597.1 | 5.32 | 100.00 |
| Operating Expense | |||||
| Fuel | 3,912.6 | 4,038.0 | 125.4 | 3.21 | 14.38 |
| Labor | 8,493.1 | 9,511.9 | 1,018.8 | 12.00 | 33.86 |
| Rentals | 1,675.4 | 1,721.4 | 46.0 | 2.75 | 6.13 |
| Depreciation & Amortization | 1,397.9 | 1,575.2 | 177.3 | 12.68 | 5.61 |
| Landing Fees | 536.9 | 553.6 | 16.7 | 3.11 | 1.97 |
| Maintenance Materials | 436.8 | 470.6 | 33.8 | 7.74 | 1.68 |
| Transport-Related* | 3,561.9 | 4,343.8 | 781.9 | 21.95 | 15.46 |
| Other**** | 5,387.7 | 5,874.1 | 486.4 | 9.03 | 20.91 |
| Total Operating Expense | 25,402.3 | 28,088.6 | 2,686.3 | 10.58 | 100.00 |
| Profits or Losses | |||||
| Operating Profit | 4,622.1 | 3,532.9 | -1,089.2 | -23.57 | N/A |
| Operating Margin# (%) | 15.4 | 11.2 | -4.2 | N/A | N/A |
| Nonoperating Income/(Expense)## | -1,067.8 | -560.0 | 507.8 | -47.56 | N/A |
| Pre-Tax Income | 3,554.3 | 2,973.0 | -581.3 | -16.35 | N/A |
| Income Tax Benefit/(Expense) | 2,552.8 | -1,207.1 | -3,759.9 | -147.29 | N/A |
| Other Income/(Expense) | 0.0 | 0.0 | 0.0 | 0.0 | N/A |
| Net Income | 6,107.1 | 1,765.9 | -4,341.2 | -71.08 | N/A |
| Net Margin### (%) | 20.3 | 5.6 | -14.8 | 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