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U.S. Department of Transportation U.S. Department of Transportation Icon United States Department of Transportation United States Department of Transportation

Table 4. Jan-Dec U.S. Scheduled Passenger Airlines Revenue, Expenses and Profits

Reports from 25 airlines in 2016, (Millions of dollars)

Dataset Table:

Jan-Dec 2015 Jan-Dec 2016 Change 2015-2016 % Change % of YTD 2016 Revenue or Expense Total
Operating Revenue
Passenger Fares (scheduled/charter) 127,060.9 125,244.9 -1,816.0 -1.43 74.48
Cargo 2,890.1 2,629.2 -260.9 -9.03 1.56
Baggage 3,813.5 4,185.8 372.3 9.76 2.49
Reservation Changes 3,011.8 2,895.9 -115.9 -3.85 1.72
Transport-Related* 27,385.2 27,943.2 558.0 2.04 16.62
Other** 4,895.4 5,266.7 371.3 7.58 3.13
Total Operating Revenue*** 169,056.9 168,165.7 -891.2 -0.53 100.00
Operating Expense
Fuel 26,979.1 22,366.6 -4,612.5 -17.10 15.60
Labor 45,487.0 49,712.7 4,225.7 9.29 34.68
Rentals 8,632.3 8,792.3 160.0 1.85 6.13
Depreciation & Amortization 7,512.5 8,748.3 1,235.8 16.45 6.10
Landing Fees 2,853.3 2,939.1 85.8 3.01 2.05
Maintenance Materials 2,520.5 2,467.6 -52.9 -2.10 1.72
Transport-Related* 18,172.5 17,995.4 -177.1 -0.97 12.55
Other**** 28,913.2 30,317.3 1,404.1 4.86 21.15
Total Operating Expense 141,070.4 143,339.3 2,268.9 1.61 100.00
Profits or Losses
Operating Profit 27,986.5 24,826.4 -3,160.1 -11.29 N/A
Operating Margin# (%) 16.6 14.8 -1.8 N/A N/A
Nonoperating Income/(Expense)## -4,109.4 -3,299.6 809.8 -19.71 N/A
Pre-Tax Income 23,877.2 21,526.7 -2,350.5 -9.84 N/A
Income Tax Benefit/(Expense) 910.5 -7,988.5 -8,899.0 -977.38 N/A
Other Income/(Expense) 0.0 0.0 0.0 0.0 N/A
Net Income 24,787.7 13,538.2 -11,249.5 -45.38 N/A
Net Margin### (%) 14.7 8.1 -6.6 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 http://www.transtats.bts.gov/Fields.asp?Table_ID=295 and P6 http://www.transtats.bts.gov/Fields.asp?Table_ID=291