Table 12. International Quarterly U.S. Scheduled Passenger Airlines Revenue, Expenses and Profits, 4Q 2017
Reports from 18 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) | 7,821.8 | 8,328.1 | 506.3 | 6.47 | 81.85 |
| Cargo | 470.1 | 586.9 | 116.8 | 24.85 | 5.77 |
| Baggage | 207.4 | 239.4 | 32.0 | 15.43 | 2.35 |
| Reservation Changes | 221.6 | 223.0 | 1.4 | 0.63 | 2.19 |
| Transport-Related* | 520.6 | 521.8 | 1.2 | 0.23 | 5.13 |
| Other** | 240.3 | 275.7 | 35.4 | 14.73 | 2.71 |
| Total Operating Revenue*** | 9,481.8 | 10,174.9 | 693.1 | 7.31 | 100.00 |
| Operating Expense | |||||
| Fuel | 1,805.5 | 2,204.7 | 399.2 | 22.11 | 22.75 |
| Labor | 3,442.6 | 3,537.7 | 95.1 | 2.76 | 36.50 |
| Rentals | 463.3 | 475.7 | 12.4 | 2.68 | 4.91 |
| Depreciation & Amortization | 572.0 | 648.9 | 76.9 | 13.44 | 6.69 |
| Landing Fees | 158.6 | 177.3 | 18.7 | 11.79 | 1.83 |
| Maintenance Materials | 145.2 | 139.4 | -5.8 | -3.99 | 1.44 |
| Transport-Related* | 178.1 | 181.7 | 3.6 | 2.02 | 1.87 |
| Other**** | 2,135.7 | 2,327.3 | 191.6 | 8.97 | 24.01 |
| Total Operating Expense | 8,901.0 | 9,692.7 | 791.7 | 8.89 | 100.00 |
| Profits or Losses | |||||
| Operating Profit | 580.8 | 482.2 | -98.6 | -16.98 | N/A |
| Operating Margin# (%) | 6.1 | 4.7 | -1.4 | N/A | N/A |
| Nonoperating Income/(Expense)## | -90.1 | -90.1 | 0.0 | 0.00 | N/A |
| Pre-Tax Income | 490.7 | 392.2 | -98.5 | -20.07 | N/A |
| Income Tax Benefit/(Expense) | -237.2 | -95.0 | 142.2 | -59.95 | N/A |
| Other Income/(Expense) | 0.0 | 0.0 | 0.0 | 0.0 | N/A |
| Net Income | 253.5 | 297.1 | 43.6 | 17.20 | N/A |
| Net Margin### (%) | 2.7 | 2.9 | 0.2 | 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