Table 5. Jan-Dec U.S. Scheduled Domestic Passenger Airlines Revenue, Expenses and Profits, 4Q 2017
Reports from 23 airlines in 2017, (Millions of dollars)
Dataset Table:
| Jan-Dec 2016 | Jan-Dec 2017 | Change | 2016-2017 % Change | % of YTD 2017 Revenue or Expense Total | |
|---|---|---|---|---|---|
| Operating Revenue | |||||
| Passenger Fares (scheduled/charter) | 91,906.0 | 95,121.4 | 3,215.4 | 3.50 | 71.66 |
| Cargo | 907.3 | 992.5 | 85.2 | 9.39 | 0.75 |
| Baggage | 3,445.1 | 3,612.0 | 166.9 | 4.84 | 2.72 |
| Reservation Changes | 1,880.1 | 1,874.1 | -6.0 | -0.32 | 1.41 |
| Transport-Related* | 24,344.6 | 26,514.2 | 2,169.6 | 8.91 | 19.97 |
| Other** | 4,255.6 | 4,633.5 | 377.9 | 8.88 | 3.49 |
| Total Operating Revenue*** | 126,738.7 | 132,747.7 | 6,009.0 | 4.74 | 100.00 |
| Operating Expense | |||||
| Fuel | 15,386.6 | 17,798.9 | 2,412.3 | 15.68 | 15.49 |
| Labor | 36,215.3 | 38,954.4 | 2,739.1 | 7.56 | 33.91 |
| Rentals | 6,755.0 | 6,881.8 | 126.8 | 1.88 | 5.99 |
| Depreciation & Amortization | 6,206.9 | 6,443.9 | 237.0 | 3.82 | 5.61 |
| Landing Fees | 2,270.8 | 2,323.4 | 52.6 | 2.32 | 2.02 |
| Maintenance Materials | 1,892.4 | 1,860.9 | -31.5 | -1.66 | 1.62 |
| Transport-Related* | 16,719.4 | 18,257.1 | 1,537.7 | 9.20 | 15.89 |
| Other**** | 21,393.1 | 22,370.2 | 977.1 | 4.57 | 19.47 |
| Total Operating Expense | 106,839.5 | 114,890.6 | 8,051.1 | 7.54 | 100.00 |
| Profits or Losses | |||||
| Operating Profit | 19,899.2 | 17,857.1 | -2,042.1 | -10.26 | N/A |
| Operating Margin# (%) | 15.7 | 13.5 | -2.2 | N/A | N/A |
| Nonoperating Income/(Expense)## | -2,927.9 | -1,875.0 | 1,052.9 | -35.96 | N/A |
| Pre-Tax Income | 16,971.3 | 15,982.1 | -989.2 | -5.83 | N/A |
| Income Tax Benefit/(Expense) | -6,707.1 | -2,587.7 | 4,119.4 | -61.42 | N/A |
| Other Income/(Expense) | 0.0 | 0.0 | 0.0 | 0.0 | N/A |
| Net Income | 10,264.2 | 13,394.4 | 3,130.2 | 30.50 | N/A |
| Net Margin### (%) | 8.1 | 10.1 | 2.0 | 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 http://www.transtats.bts.gov/Fields.asp?Table_ID=295 and P6 http://www.transtats.bts.gov/Fields.asp?Table_ID=291