Table 12. International Quarterly U.S. Scheduled Passenger Airlines Revenue, Expenses and Profits
Reports from 17 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) | 7,812.6 | 7,821.8 | 9.2 | 0.12 | 82.49 |
| Cargo | 465.3 | 470.1 | 4.8 | 1.03 | 4.96 |
| Baggage | 213.8 | 207.4 | -6.4 | -2.99 | 2.19 |
| Reservation Changes | 253.0 | 221.6 | -31.4 | -12.41 | 2.34 |
| Transport-Related* | 1,491.5 | 520.6 | -970.9 | -65.10 | 5.49 |
| Other** | 264.6 | 240.3 | -24.3 | -9.18 | 2.53 |
| Total Operating Revenue*** | 10,500.8 | 9,481.8 | -1,019.0 | -9.70 | 100.00 |
| Operating Expense | |||||
| Fuel | 1,906.8 | 1,805.5 | -101.3 | -5.31 | 20.26 |
| Labor | 3,061.8 | 3,442.6 | 380.8 | 12.44 | 38.63 |
| Rentals | 488.0 | 466.8 | -21.2 | -4.34 | 5.24 |
| Depreciation & Amortization | 541.5 | 579.8 | 38.3 | 7.07 | 6.51 |
| Landing Fees | 157.4 | 158.6 | 1.2 | 0.76 | 1.78 |
| Maintenance Materials | 135.5 | 145.2 | 9.7 | 7.16 | 1.63 |
| Transport-Related* | 789.3 | 178.1 | -611.2 | -77.44 | 2.00 |
| Other**** | 2,155.8 | 2,135.9 | -19.9 | -0.92 | 23.97 |
| Total Operating Expense | 9,236.1 | 8,912.5 | -323.6 | -3.50 | 100.00 |
| Profits or Losses | |||||
| Operating Profit | 1,264.7 | 569.3 | -695.4 | -54.99 | N/A |
| Operating Margin# (%) | 12.0 | 6.0 | -6.0 | N/A | N/A |
| Nonoperating Income/(Expense)## | -227.8 | -88.5 | 139.3 | -61.15 | N/A |
| Pre-Tax Income | 1,036.9 | 480.8 | -556.1 | -53.63 | N/A |
| Income Tax Benefit/(Expense) | -253.4 | -237.2 | 16.2 | -6.39 | N/A |
| Other Income/(Expense) | 0.0 | 0.0 | 0.0 | 0.0 | N/A |
| Net Income | 783.6 | 243.6 | -540.0 | -68.91 | N/A |
| Net Margin### (%) | 7.5 | 2.6 | -4.9 | 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