Table 6. International Quarterly U.S. Scheduled Passenger Airlines Revenue, Expenses and Profits, 2Q 2017
Reports from 17 airlines in 2Q 2017, (Millions of dollars)
Dataset Table:
2Q 2016 | 2Q 2017 | Change | 2016-2017 % Change | % of 2Q 2017 Revenue or Expense Total | |
---|---|---|---|---|---|
Operating Revenue | |||||
Passenger Fares (scheduled/charter) | 8,811.5 | 9,387.5 | 576.0 | 6.54 | 83.57 |
Cargo | 429.0 | 490.4 | 61.4 | 14.31 | 4.37 |
Baggage | 224.8 | 246.8 | 22.0 | 9.79 | 2.20 |
Reservation Changes | 272.5 | 257.0 | -15.5 | -5.69 | 2.29 |
Transport-Related* | 1,042.5 | 569.3 | -473.2 | -45.39 | 5.07 |
Other** | 261.9 | 281.5 | 19.6 | 7.48 | 2.51 |
Total Operating Revenue*** | 11,042.2 | 11,232.5 | 190.3 | 1.72 | 100.00 |
Operating Expense | |||||
Fuel | 1,804.2 | 2,130.3 | 326.1 | 18.07 | 21.30 |
Labor | 3,446.0 | 3,816.0 | 370.0 | 10.74 | 38.16 |
Rentals | 526.8 | 490.0 | -36.8 | -6.99 | 4.90 |
Depreciation & Amortization | 806.0 | 651.9 | -154.1 | -19.12 | 6.52 |
Landing Fees | 187.6 | 184.5 | -3.1 | -1.65 | 1.85 |
Maintenance Materials | 151.2 | 147.5 | -3.7 | -2.45 | 1.48 |
Transport-Related* | 178.8 | 192.2 | 13.4 | 7.49 | 1.92 |
Other**** | 2,173.8 | 2,387.6 | 213.8 | 9.84 | 23.88 |
Total Operating Expense | 9,274.4 | 10,000.0 | 725.6 | 7.82 | 100.00 |
Profits or Losses | |||||
Operating Profit | 1,767.8 | 1,232.5 | -535.3 | -30.28 | N/A |
Operating Margin# (%) | 16.0 | 11.0 | -5.0 | N/A | N/A |
Nonoperating Income/(Expense)## | -96.7 | -115.1 | -18.4 | 19.03 | N/A |
Pre-Tax Income | 1,671.1 | 1,117.4 | -553.7 | -33.13 | N/A |
Income Tax Benefit/(Expense) | -349.9 | -504.8 | -154.9 | 44.27 | N/A |
Other Income/(Expense) | 0.0 | 0.0 | 0.0 | 0.0 | N/A |
Net Income | 1,321.2 | 612.6 | -708.6 | -53.63 | 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