Table 4. Quarterly U.S. Scheduled Passenger Airlines Revenue, Expenses and Profits, 1Q 2017
Reports from 24 airlines in 1Q 2017, (Millions of dollars)
Dataset Table:
| 1Q 2016 | 1Q 2017 | Change | 2016-2017 % Change | % of 1Q 2017 Revenue or Expense Total | |
|---|---|---|---|---|---|
| Operating Revenue | |||||
| Passenger Fares (scheduled/charter) | 29,008.2 | 29,386.7 | 378.5 | 1.30 | 74.03 |
| Cargo | 602.8 | 645.9 | 43.1 | 7.15 | 1.63 |
| Baggage | 983.2 | 1,027.1 | 43.9 | 4.47 | 2.59 |
| Reservation Changes | 749.3 | 723.6 | -25.7 | -3.43 | 1.82 |
| Transport-Related* | 6,517.5 | 6,577.5 | 60.0 | 0.92 | 16.57 |
| Other** | 1,290.3 | 1,334.7 | 44.4 | 3.44 | 3.36 |
| Total Operating Revenue*** | 39,151.3 | 39,695.5 | 544.2 | 1.39 | 100.00 |
| Operating Expense | |||||
| Fuel | 4,860.3 | 5,937.5 | 1,077.2 | 22.16 | 16.30 |
| Labor | 11,797.7 | 12,783.9 | 986.2 | 8.36 | 35.09 |
| Rentals | 2,190.3 | 2,218.3 | 28.0 | 1.28 | 6.09 |
| Depreciation & Amortization | 2,010.1 | 2,192.2 | 182.1 | 9.06 | 6.02 |
| Landing Fees | 692.6 | 714.0 | 21.4 | 3.09 | 1.96 |
| Maintenance Materials | 628.0 | 636.3 | 8.3 | 1.32 | 1.75 |
| Transport-Related* | 4,298.8 | 4,498.7 | 199.9 | 4.65 | 12.35 |
| Other**** | 7,068.9 | 7,447.2 | 378.3 | 5.35 | 20.44 |
| Total Operating Expense | 33,546.7 | 36,428.1 | 2,881.4 | 8.59 | 100.00 |
| Profits or Losses | |||||
| Operating Profit | 5,604.5 | 3,267.4 | -2,337.1 | -41.70 | N/A |
| Operating Margin# (%) | 14.3 | 8.2 | -6.1 | N/A | N/A |
| Nonoperating Income/(Expense)## | -895.6 | -700.6 | 647.1 | 50.00 | N/A |
| Pre-Tax Income | 4,708.9 | 2,566.6 | -2,142.3 | -45.49 | N/A |
| Income Tax Benefit/(Expense) | -1,652.5 | -628.2 | 1,024.3 | -61.98 | N/A |
| Other Income/(Expense) | 0.0 | 0.0 | 0.0 | 0.0 | N/A |
| Net Income | 3,056.4 | 1,938.6 | -1,117.8 | -36.57 | N/A |
| Net Margin### (%) | 7.8 | 4.9 | -2.9 | 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.
*** 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 and P6