Table 6. International Quarterly U.S. Scheduled Passenger Airlines Revenue, Expenses and Profits, 3Q 2017
Reports from 17 airlines in 3Q 2017, (Millions of dollars)
Dataset Table:
| 3Q 2016 | 3Q 2017 | Change | 2016-2017 % Change | % of 3Q 2017 Revenue or Expense Total | |
|---|---|---|---|---|---|
| Operating Revenue | |||||
| Passenger Fares (scheduled/charter) | 9,727.4 | 10,082.7 | 355.3 | 3.65 | 84.26 |
| Cargo | 429.1 | 500.1 | 71.0 | 16.55 | 4.18 |
| Baggage | 233.2 | 265.4 | 32.2 | 13.81 | 2.22 |
| Reservation Changes | 263.2 | 255.5 | -7.7 | -2.93 | 2.14 |
| Transport-Related* | 544.7 | 558.1 | 13.4 | 2.46 | 4.66 |
| Other** | 272.8 | 304.7 | 31.9 | 11.69 | 2.55 |
| Total Operating Revenue*** | 11,470.4 | 11,966.5 | 496.1 | 4.33 | 100.00 |
| Operating Expense | |||||
| Fuel | 2,015.9 | 2,252.9 | 237.0 | 11.76 | 21.75 |
| Labor | 3,576.1 | 3,863.0 | 286.9 | 8.02 | 37.29 |
| Rentals | 510.3 | 548.0 | 37.7 | 7.39 | 5.29 |
| Depreciation & Amortization | 599.2 | 689.6 | 90.4 | 15.09 | 6.66 |
| Landing Fees | 189.8 | 209.0 | 19.2 | 10.12 | 2.02 |
| Maintenance Materials | 143.5 | 139.2 | -4.3 | -3.00 | 1.34 |
| Transport-Related* | 176.1 | 192.5 | 16.4 | 9.31 | 1.86 |
| Other**** | 2,453.7 | 2,463.8 | 10.1 | 0.41 | 23.79 |
| Total Operating Expense | 9,664.6 | 10,358.0 | 693.4 | 7.17 | 100.00 |
| Profits or Losses | |||||
| Operating Profit | 1,805.8 | 1,608.5 | -197.3 | -10.93 | N/A |
| Operating Margin# (%) | 15.7 | 13.4 | -2.3 | N/A | N/A |
| Nonoperating Income/(Expense)## | -86.0 | -95.1 | -9.1 | 10.58 | N/A |
| Pre-Tax Income | 1,719.8 | 1,513.4 | -206.4 | -12.00 | N/A |
| Income Tax Benefit/(Expense) | -495.0 | -408.7 | 86.3 | -17.43 | N/A |
| Other Income/(Expense) | 0.0 | 0.0 | 0.0 | 0.0 | N/A |
| Net Income | 1,224.8 | 1,104.7 | -120.1 | -9.81 | N/A |
| Net Margin### (%) | 10.7 | 9.2 | -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