Table 4. Quarterly U.S. Scheduled Passenger Airlines Revenue, Expenses and Profits
Reports from 25 airlines in 3Q 2016 (Millions of dollars)
Dataset Table:
| 3Q 2015 | 3Q 2016 | Change | 2015-2016 % Change | % of 3Q 2016 Revenue or Expense Total | |
|---|---|---|---|---|---|
| Operating Revenue | |||||
| Passenger Fares (scheduled/charter) | 34,085.9 | 33,325.2 | -760.7 | -2.23 | 75.05 |
| Cargo | 707.9 | 664.1 | -43.8 | -6.19 | 1.50 |
| Baggage | 1,019.0 | 1,100.8 | 81.8 | 8.03 | 2.48 |
| Reservation Changes | 755.0 | 730.8 | -24.2 | -3.21 | 1.65 |
| Transport-Related* | 7,170.1 | 7,248.1 | 78.0 | 1.09 | 16.32 |
| Other** | 1,462.7 | 1,336.5 | -126.2 | -8.63 | 3.01 |
| Total Operating Revenue | 45,200.6 | 44,405.5 | -795.1 | -1.76 | 100.00 |
| Operating Expense | |||||
| Fuel | 7,071.0 | 6,096.1 | -974.9 | -13.79 | 16.41 |
| Labor | 11,867.3 | 12,748.0 | 880.7 | 7.42 | 34.31 |
| Rentals | 2,167.1 | 2,227.5 | 60.4 | 2.79 | 5.99 |
| Depreciation & Amortization | 1,900.3 | 2,116.6 | 216.3 | 11.38 | 5.70 |
| Landing Fees | 757.0 | 778.6 | 21.6 | 2.85 | 2.10 |
| Maintenance Materials | 635.5 | 608.0 | -27.5 | -4.33 | 1.64 |
| Transport-Related* | 4,606.4 | 4,614.7 | 8.3 | 0.18 | 12.42 |
| Other*** | 7,367.4 | 7,968.0 | 600.6 | 8.15 | 21.44 |
| Total Operating Expense | 36,372.0 | 37,157.5 | 785.5 | 2.16 | 100.00 |
| Profits or Losses | |||||
| Operating Profit | 8,828.6 | 7,248.0 | -1,580.6 | -17.90 | N/A |
| Operating Margin**** (%) | 19.5 | 16.3 | -3.2 | N/A | N/A |
| Nonoperating Income/(Expense)# | -1,171.0 | -1,074.3 | 96.7 | -8.26 | N/A |
| Pre-Tax Income | 7,657.6 | 6,173.7 | -1,483.9 | -19.38 | N/A |
| Income Tax Benefit/(Expense) | 1,618.0 | -2,349.1 | -3,967.1 | -245.19 | N/A |
| Other Income/(Expense) | 0.0 | 0.0 | 0.0 | 0.0 | N/A |
| Net Income | 9,275.5 | 3,824.6 | -5,450.9 | -58.77 | N/A |
| Net Margin## (%) | 20.5 | 8.6 | -11.9 | 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.
*** 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