Table 4. Quarterly U.S. Scheduled Passenger Airlines Revenue, Expenses and Profits, 2Q 2017
Reports from 24 airlines in 2Q 2017, (Millions of dollars)
Dataset Table:
2Q 2016 | 2Q 2017 | Change | 2016-2017 % Change | % of 2Q 2017 Revenue or Expense Total | |
---|---|---|---|---|---|
Operating Revenue | |||||
Passenger Fares (scheduled/charter) | 32,461.4 | 34,632.7 | 2,171.3 | 6.69 | 74.98 |
Cargo | 645.0 | 743.6 | 98.6 | 15.29 | 1.61 |
Baggage | 1,072.9 | 1,176.5 | 103.6 | 9.66 | 2.55 |
Reservation Changes | 755.0 | 737.5 | -17.5 | -2.32 | 1.60 |
Transport-Related* | 7,228.3 | 7,476.4 | 248.1 | 3.43 | 16.19 |
Other** | 1,342.5 | 1,423.0 | 80.5 | 6.00 | 3.08 |
Total Operating Revenue*** | 43,505.1 | 46,189.7 | 2,684.6 | 6.17 | 100.00 |
Operating Expense | |||||
Fuel | 5,566.6 | 6,449.9 | 883.3 | 15.87 | 16.77 |
Labor | 12,212.5 | 13,615.9 | 1,403.4 | 11.49 | 35.41 |
Rentals | 2,186.4 | 2,190.9 | 4.5 | 0.21 | 5.70 |
Depreciation & Amortization | 2,466.7 | 2,244.0 | -222.7 | -9.03 | 5.84 |
Landing Fees | 755.7 | 772.3 | 16.6 | 2.20 | 2.01 |
Maintenance Materials | 615.9 | 596.7 | -19.2 | -3.12 | 1.55 |
Transport-Related* | 4,559.9 | 4,586.9 | 27.0 | 0.59 | 11.93 |
Other**** | 7,268.7 | 7,998.7 | 730.0 | 10.04 | 20.80 |
Total Operating Expense | 35,632.4 | 38,455.3 | 2,822.9 | 7.92 | 100.00 |
Profits or Losses | |||||
Operating Profit | 7,872.7 | 7,734.3 | -1.76 | N/A | |
Operating Margin# (%) | 18.1 | 16.7 | -1.4 | N/A | N/A |
Nonoperating Income/(Expense)## | -681.3 | -539.4 | 50.00 | N/A | |
Pre-Tax Income | 7,191.4 | 7,194.8 | 0.05 | N/A | |
Income Tax Benefit/(Expense) | -2,542.5 | -2,524.3 | -0.72 | N/A | |
Other Income/(Expense) | 0.0 | 0.0 | 0.0 | N/A | |
Net Income | 4,648.9 | 4,670.6 | 0.47 | N/A | |
Net Margin### (%) | 10.7 | 10.1 | -0.6 | 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 and P6