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Table 5. Domestic Quarterly U.S. Scheduled Passenger Airlines Revenue, Expenses and Profits, 1Q 2017
Reports from 24 airlines in 1Q 2017, (Millions of dollars)
|1Q 2016||1Q 2017||Change||2016-2017 % Change||% of 1Q 2017 Revenue or Expense Total|
|Passenger Fares (scheduled/charter)||21,358.5||21,730.4||371.9||1.74||71.49|
|Total Operating Revenue***||28,726.6||30,395.0||1,668.4||5.81||100.00|
|Depreciation & Amortization||1,421.0||1,571.3||150.3||10.58||5.73|
|Total Operating Expense||24,434.4||27,404.3||2,969.9||12.15||100.00|
|Profits or Losses|
|Operating Margin# (%)||14.9||9.8||-5.1||N/A||N/A|
|Income Tax Benefit/(Expense)||-1,453.2||-560.4||892.8||-61.44||N/A|
|Net Margin### (%)||7.2||6.1||-1.1||N/A||N/A|
* 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.
Bureau of Transportation Statistics, Form 41; Schedules P1.2 and P6