Table 4. Quarterly U.S. Scheduled Passenger Airlines Revenue, Expenses and Profits, 3Q 2017
Reports from 24 airlines in 3Q 2017, (Millions of dollars)
Dataset Table:
| 3Q 2016 | 3Q 2017 | Change | 2016-2017 % Change | % of 3Q 2017 Revenue or Expense Total | |
|---|---|---|---|---|---|
| Operating Revenue | |||||
| Passenger Fares (scheduled/charter) | 33,325.8 | 34,200.1 | 874.3 | 2.62 | 74.97 |
| Cargo | 664.1 | 751.5 | 87.4 | 13.16 | 1.65 |
| Baggage | 1,100.8 | 1,215.5 | 114.7 | 10.42 | 2.66 |
| Reservation Changes | 730.8 | 720.2 | -10.6 | -1.45 | 1.58 |
| Transport-Related* | 7,248.1 | 7,251.4 | 3.3 | 0.05 | 15.90 |
| Other** | 1,336.4 | 1,477.5 | 141.1 | 10.56 | 3.24 |
| Total Operating Revenue*** | 44,406.0 | 45,616.2 | 1,210.2 | 2.73 | 100.00 |
| Operating Expense | |||||
| Fuel | 6,096.1 | 6,800.6 | 704.5 | 11.56 | 17.31 |
| Labor | 12,748.0 | 13,589.0 | 841.0 | 6.60 | 34.59 |
| Rentals | 2,227.5 | 2,259.0 | 31.5 | 1.41 | 5.75 |
| Depreciation & Amortization | 2,116.6 | 2,305.8 | 189.2 | 8.94 | 5.87 |
| Landing Fees | 778.6 | 812.0 | 33.4 | 4.29 | 2.07 |
| Maintenance Materials | 607.9 | 596.1 | -11.8 | -1.94 | 1.52 |
| Transport-Related* | 4,614.7 | 4,831.2 | 216.5 | 4.69 | 12.30 |
| Other**** | 7,969.7 | 8,087.8 | 118.1 | 1.48 | 20.59 |
| Total Operating Expense | 37,159.1 | 39,281.7 | 2,122.6 | 5.71 | 100.00 |
| Profits or Losses | |||||
| Operating Profit | 7,246.9 | 6,334.5 | -912.4 | -12.59 | N/A |
| Operating Margin# (%) | 16.3 | 13.9 | -2.4 | N/A | N/A |
| Nonoperating Income/(Expense)## | -1,088.7 | -510.8 | 577.9 | -53.08 | N/A |
| Pre-Tax Income | 6,158.2 | 583.7 | -5,574.5 | -90.52 | N/A |
| Income Tax Benefit/(Expense) | -2,349.2 | -2,080.7 | 268.5 | -11.43 | N/A |
| Other Income/(Expense) | 0.0 | 0.0 | 0.0 | 0.0 | N/A |
| Net Income | 3,809.0 | 3,743.1 | -65.9 | -1.73 | N/A |
| Net Margin### (%) | 8.6 | 8.2 | -0.4 | 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.
## 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