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)
Dataset Table:
| 1Q 2016 | 1Q 2017 | Change | 2016-2017 % Change | % of 1Q 2017 Revenue or Expense Total | |
|---|---|---|---|---|---|
| Operating Revenue | |||||
| Passenger Fares (scheduled/charter) | 21,358.5 | 21,730.4 | 371.9 | 1.74 | 71.49 |
| Cargo | 209.0 | 230.3 | 21.3 | 10.19 | 0.76 |
| Baggage | 773.0 | 818.4 | 45.4 | 5.87 | 2.69 |
| Reservation Changes | 480.9 | 477.3 | -3.6 | -0.75 | 1.57 |
| Transport-Related* | 4,874.8 | 6,046.5 | 1,171.7 | 24.04 | 19.89 |
| Other** | 1,030.4 | 1,092.1 | 61.7 | 5.99 | 3.59 |
| Total Operating Revenue*** | 28,726.6 | 30,395.0 | 1,668.4 | 5.81 | 100.00 |
| Operating Expense | |||||
| Fuel | 3,323.4 | 4,069.3 | 745.9 | 22.44 | 14.85 |
| Labor | 8,529.6 | 9,370.4 | 840.8 | 9.86 | 34.19 |
| Rentals | 1,668.4 | 1,724.6 | 56.2 | 3.37 | 6.29 |
| Depreciation & Amortization | 1,421.0 | 1,571.3 | 150.3 | 10.58 | 5.73 |
| Landing Fees | 522.6 | 550.0 | 27.4 | 5.24 | 2.01 |
| Maintenance Materials | 460.5 | 485.3 | 24.8 | 5.39 | 1.77 |
| Transport-Related* | 3,555.8 | 4,312.6 | 756.8 | 21.28 | 15.74 |
| Other**** | 4,953.1 | 5,320.8 | 367.7 | 7.42 | 19.42 |
| Total Operating Expense | 24,434.4 | 27,404.3 | 2,969.9 | 12.15 | 100.00 |
| Profits or Losses | |||||
| Operating Profit | 4,292.2 | 2,990.7 | -1,301.5 | -30.32 | N/A |
| Operating Margin# (%) | 14.9 | 9.8 | -5.1 | N/A | N/A |
| Nonoperating Income/(Expense)## | -767.1 | -577.6 | 189.5 | -24.70 | N/A |
| Pre-Tax Income | 3,525.0 | 2,413.0 | -1,112.0 | -31.55 | N/A |
| Income Tax Benefit/(Expense) | -1,453.2 | -560.4 | 892.8 | -61.44 | N/A |
| Other Income/(Expense) | 0.0 | 0.0 | 0.0 | 0.0 | N/A |
| Net Income | 2,071.8 | 1,852.7 | -219.1 | -10.58 | N/A |
| Net Margin### (%) | 7.2 | 6.1 | -1.1 | 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