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Table 12. International Quarterly U.S. Scheduled Passenger Airlines Revenue, Expenses and Profits

Reports from 17 airlines in 4Q 2016, (millions of dollars)

4Q 20154Q 2016Change2015-2016 % Change% of 4Q 2016 Revenue or Expense Total
Operating Revenue
Passenger Fares (scheduled/charter)7,812.67,821.89.20.1282.49
Reservation Changes253.0221.6-31.4-12.412.34
Total Operating Revenue***10,500.89,481.8-1,019.0-9.70100.00
Operating Expense
Depreciation & Amortization541.5579.838.37.076.51
Landing Fees157.4158.61.20.761.78
Maintenance Materials135.5145.
Total Operating Expense9,236.18,912.5-323.6-3.50100.00
Profits or Losses
Operating Profit1,264.7569.3-695.4-54.99N/A
Operating Margin# (%)12.06.0-6.0N/AN/A
Nonoperating Income/(Expense)##-227.8-88.5139.3-61.15N/A
Pre-Tax Income1,036.9480.8-556.1-53.63N/A
Income Tax Benefit/(Expense)-253.4-237.216.2-6.39N/A
Other Income/(Expense)
Net Income783.6243.6-540.0-68.91N/A
Net Margin### (%)7.52.6-4.9N/AN/A

* 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.


Bureau of Transportation Statistics, Form 41; Schedules P1.2 and P6