Table 4. Jan-Dec U.S. Scheduled Passenger Airlines Revenue, Expenses and Profits, 4Q 2017
Reports from 23 airlines in 2017, (Millions of dollars)
Dataset Table:
| Jan-Dec 2016 | Jan-Dec 2017 | Change | 2016-2017 % Change | % of YTD 2017 Revenue or Expense Total | |
|---|---|---|---|---|---|
| Operating Revenue | |||||
| Passenger Fares (scheduled/charter) | 125,916.4 | 130,493.1 | 4,576.7 | 3.63 | 74.42 |
| Cargo | 2,629.2 | 2,984.6 | 355.4 | 13.52 | 1.70 |
| Baggage | 4,320.6 | 4,576.4 | 255.8 | 5.92 | 2.61 |
| Reservation Changes | 2,905.7 | 2,856.3 | -49.4 | -1.70 | 1.63 |
| Transport-Related* | 28,095.2 | 28,694.1 | 598.9 | 2.13 | 16.36 |
| Other** | 5,290.7 | 5,735.3 | 444.6 | 8.40 | 3.27 |
| Total Operating Revenue*** | 169,157.8 | 175,339.8 | 6,182.0 | 3.65 | 100.00 |
| Operating Expense | |||||
| Fuel | 22,549.2 | 26,241.3 | 3,692.1 | 16.37 | 17.05 |
| Labor | 49,948.0 | 53,552.4 | 3,604.4 | 7.22 | 34.80 |
| Rentals | 8,777.2 | 8,886.8 | 109.6 | 1.25 | 5.77 |
| Depreciation & Amortization | 8,773.2 | 9,050.5 | 277.3 | 3.16 | 5.88 |
| Landing Fees | 2,976.8 | 3,056.3 | 79.5 | 2.67 | 1.99 |
| Maintenance Materials | 2,499.8 | 2,437.5 | -62.3 | -2.49 | 1.58 |
| Transport-Related* | 17,995.4 | 19,009.0 | 1,013.6 | 5.63 | 12.35 |
| Other**** | 30,272.2 | 31,666.5 | 1,394.3 | 4.61 | 20.58 |
| Total Operating Expense | 143,791.8 | 153,900.3 | 10,108.5 | 7.03 | 100.00 |
| Profits or Losses | |||||
| Operating Profit | 25,366.0 | 21,439.5 | -3,926.5 | -15.48 | N/A |
| Operating Margin# (%) | 15.0 | 12.2 | -2.8 | N/A | N/A |
| Nonoperating Income/(Expense)## | -3,331.0 | -2,297.6 | 1,033.4 | -31.02 | N/A |
| Pre-Tax Income | 22,035.0 | 19,141.5 | -2,893.5 | -13.13 | N/A |
| Income Tax Benefit/(Expense) | -7,988.5 | -3,658.0 | 4,330.5 | -54.21 | N/A |
| Other Income/(Expense) | 0.0 | 0.0 | 0.0 | 0.0 | N/A |
| Net Income | 14,046.5 | 15,483.5 | 1,437.0 | 10.23 | N/A |
| Net Margin### (%) | 8.3 | 8.8 | 0.5 | 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