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Table 4. Jan-Dec U.S. Scheduled Passenger Airlines Revenue, Expenses and Profits
Reports from 25 airlines in 2016, (Millions of dollars)
|Jan-Dec 2015||Jan-Dec 2016||Change||2015-2016 % Change||% of YTD 2016 Revenue or Expense Total|
|Passenger Fares (scheduled/charter)||127,060.9||125,244.9||-1,816.0||-1.43||74.48|
|Total Operating Revenue***||169,056.9||168,165.7||-891.2||-0.53||100.00|
|Depreciation & Amortization||7,512.5||8,748.3||1,235.8||16.45||6.10|
|Total Operating Expense||141,070.4||143,339.3||2,268.9||1.61||100.00|
|Profits or Losses|
|Operating Margin# (%)||16.6||14.8||-1.8||N/A||N/A|
|Income Tax Benefit/(Expense)||910.5||-7,988.5||-8,899.0||-977.38||N/A|
|Net Margin### (%)||14.7||8.1||-6.6||N/A||N/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 http://www.transtats.bts.gov/Fields.asp?Table_ID=295 and P6 http://www.transtats.bts.gov/Fields.asp?Table_ID=291