Table 6. International Quarterly U.S. Scheduled Passenger Airlines Revenue, Expenses and Profits, 1Q 2017
Reports from 17 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) | 7,649.7 | 7,656.3 | 6.6 | 0.09 | 82.32 |
| Cargo | 393.8 | 415.6 | 21.8 | 5.54 | 4.47 |
| Baggage | 210.2 | 208.7 | -1.5 | -0.71 | 2.24 |
| Reservation Changes | 268.4 | 246.3 | -22.1 | -8.23 | 2.65 |
| Transport-Related* | 1,642.7 | 531.0 | -1,111.7 | -67.68 | 5.71 |
| Other** | 259.9 | 242.6 | -17.3 | -6.66 | 2.61 |
| Total Operating Revenue*** | 10,424.7 | 9,300.5 | -1,124.2 | -10.78 | 100.00 |
| Operating Expense | |||||
| Fuel | 1,536.9 | 1,868.2 | 331.3 | 21.56 | 20.70 |
| Labor | 3,268.1 | 3,413.5 | 145.4 | 4.45 | 37.83 |
| Rentals | 521.9 | 493.7 | -28.2 | -5.40 | 5.47 |
| Depreciation & Amortization | 589.1 | 620.9 | 31.8 | 5.40 | 6.88 |
| Landing Fees | 170.0 | 164.0 | -6.0 | -3.53 | 1.82 |
| Maintenance Materials | 167.5 | 151.0 | -16.5 | -9.85 | 1.67 |
| Transport-Related* | 743.0 | 186.1 | -556.9 | -74.95 | 2.06 |
| Other**** | 2,115.8 | 2,126.4 | 10.6 | 0.50 | 23.56 |
| Total Operating Expense | 9,112.3 | 9,023.8 | -88.5 | -0.97 | 100.00 |
| Profits or Losses | |||||
| Operating Profit | 1,312.3 | 276.7 | -1,035.6 | -78.91 | N/A |
| Operating Margin# (%) | 12.6 | 3.0 | -9.6 | N/A | N/A |
| Nonoperating Income/(Expense)## | -128.5 | -123.0 | 5.5 | -4.28 | N/A |
| Pre-Tax Income | 1,183.9 | 153.6 | -1,030.3 | -87.03 | N/A |
| Income Tax Benefit/(Expense) | -199.3 | -67.8 | 131.5 | -65.98 | N/A |
| Other Income/(Expense) | 0.0 | 0.0 | 0.0 | 0.0 | N/A |
| Net Income | 984.6 | 85.9 | -898.7 | -91.28 | N/A |
| Net Margin### (%) | 9.4 | 0.9 | -8.5 | 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