Table 6. Jan-Dec U.S. Scheduled International Passenger Airlines Revenue, Expenses and Profits
Reports from 17 airlines in 2016, (Millions of dollars)
Dataset Table:
| Jan-Dec 2015 | Jan-Dec 2016 | Change | 2015-2016 % Change | % of YTD 2016 Revenue or Expense Total | |
|---|---|---|---|---|---|
| Operating Revenue | |||||
| Passenger Fares (scheduled/charter) | 36,104.3 | 34,010.4 | -2,093.9 | -5.80 | 80.18 |
| Cargo | 1,895.5 | 1,721.9 | -173.6 | -9.16 | 4.06 |
| Baggage | 833.9 | 875.5 | 41.6 | 4.99 | 2.06 |
| Reservation Changes | 1,085.0 | 1,025.6 | -59.4 | -5.47 | 2.42 |
| Transport-Related* | 5,510.9 | 3,750.6 | -1,760.3 | -31.94 | 8.84 |
| Other** | 1,083.4 | 1,035.1 | -48.3 | -4.46 | 2.44 |
| Total Operating Revenue*** | 46,513.0 | 42,419.1 | -4,093.9 | -8.80 | 100.00 |
| Operating Expense | |||||
| Fuel | 9,252.3 | 7,162.6 | -2,089.7 | -22.59 | 19.38 |
| Labor | 12,663.9 | 13,732.7 | 1,068.8 | 8.44 | 37.15 |
| Rentals | 2,024.9 | 2,025.7 | 0.8 | 0.04 | 5.48 |
| Depreciation & Amortization | 2,143.4 | 2,574.1 | 430.7 | 20.09 | 6.96 |
| Landing Fees | 678.8 | 706.0 | 27.2 | 4.01 | 1.91 |
| Maintenance Materials | 701.3 | 607.4 | -93.9 | -13.39 | 1.64 |
| Transport-Related* | 3,213.0 | 1,276.0 | -1,937.0 | -60.29 | 3.45 |
| Other**** | 8,656.6 | 8,879.3 | 222.7 | 2.57 | 24.02 |
| Total Operating Expense | 39,334.2 | 36,963.8 | -2,370.4 | -6.03 | 100.00 |
| Profits or Losses | |||||
| Operating Profit | 7,178.8 | 5,455.3 | -1,723.5 | -24.01 | N/A |
| Operating Margin# (%) | 15.4 | 12.9 | -2.6 | N/A | N/A |
| Nonoperating Income/(Expense)## | -900.5 | -398.6 | 501.9 | -55.74 | N/A |
| Pre-Tax Income | 6,278.4 | 5,056.7 | -1,221.7 | -19.46 | N/A |
| Income Tax Benefit/(Expense) | 476.8 | -1,281.4 | -1,758.2 | -368.75 | N/A |
| Other Income/(Expense) | 0.0 | 0.0 | 0.0 | 0.0 | N/A |
| Net Income | 6,755.1 | 3,775.3 | -2,979.8 | -44.11 | N/A |
| Net Margin### (%) | 14.5 | 8.9 | -5.6 | 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