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