Table 5. Domestic Quarterly U.S. Scheduled Passenger Airlines Revenue, Expenses and Profits, 2Q 2017
Dataset Table:
2Q 2016 | 2Q 2017 | Change | 2016-2017 % Change | % of 2Q 2017 Revenue or Expense Total | |
---|---|---|---|---|---|
Operating Revenue | |||||
Passenger Fares (scheduled/charter) | 23,649.9 | 25,245.2 | 1,595.3 | 6.75 | 72.22 |
Cargo | 216.0 | 253.2 | 37.2 | 17.22 | 0.72 |
Baggage | 848.1 | 929.6 | 81.5 | 9.61 | 2.66 |
Reservation Changes | 482.5 | 480.5 | -2.0 | -0.41 | 1.37 |
Transport-Related* | 6,185.8 | 6,907.1 | 721.3 | 11.66 | 19.76 |
Other** | 1,080.6 | 1,141.5 | 60.9 | 5.64 | 3.27 |
Total Operating Revenue*** | 32,462.9 | 34,957.1 | 2,494.2 | 7.68 | 100.00 |
Operating Expense | |||||
Fuel | 3,762.4 | 4,319.6 | 557.2 | 14.81 | 15.18 |
Labor | 8,766.5 | 9,799.9 | 1,033.4 | 11.79 | 34.44 |
Rentals | 1,659.6 | 1,700.9 | 41.3 | 2.49 | 5.98 |
Depreciation & Amortization | 1,660.7 | 1,592.1 | -68.6 | -4.13 | 5.60 |
Landing Fees | 568.1 | 587.8 | 19.7 | 3.47 | 2.07 |
Maintenance Materials | 464.7 | 449.2 | -15.5 | -3.34 | 1.58 |
Transport-Related* | 4,381.1 | 4,394.7 | 13.6 | 0.31 | 15.44 |
Other**** | 5,091.9 | 5,611.1 | 519.2 | 10.20 | 19.72 |
Total Operating Expense | 26,358.0 | 28,455.3 | 2,097.3 | 7.96 | 100.00 |
Profits or Losses | |||||
Operating Profit | 6,104.9 | 6,501.8 | 396.9 | 6.50 | N/A |
Operating Margin# (%) | 18.8 | 18.6 | -0.2 | N/A | N/A |
Nonoperating Income/(Expense)## | -584.6 | -424.3 | 160.3 | -27.42 | N/A |
Pre-Tax Income | 5,520.3 | 6,077.4 | 557.1 | 10.09 | N/A |
Income Tax Benefit/(Expense) | -2,192.6 | -2,019.5 | 173.1 | -7.89 | N/A |
Other Income/(Expense) | 0.0 | 0.0 | 0.0 | 0.0 | N/A |
Net Income | 3,327.7 | 4,057.9 | 730.2 | 21.94 | N/A |
Net Margin### (%) | 10.3 | 11.6 | 1.4 | 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.
### 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