Table 6. Jan-Dec U.S. Scheduled International Passenger Airlines Revenue, Expenses and Profits, 4Q 2017
Reports from 18 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) | 34,010.4 | 35,371.7 | 1,361.3 | 4.00 | 83.05 |
| Cargo | 1,721.9 | 1,992.1 | 270.2 | 15.69 | 4.68 |
| Baggage | 875.5 | 964.4 | 88.9 | 10.15 | 2.26 |
| Reservation Changes | 1,025.6 | 982.2 | -43.4 | -4.23 | 2.31 |
| Transport-Related* | 3,750.6 | 2,179.9 | -1,570.7 | -41.88 | 5.12 |
| Other** | 1,035.1 | 1,101.8 | 66.7 | 6.44 | 2.59 |
| Total Operating Revenue*** | 42,419.1 | 42,592.1 | 173.0 | 0.41 | 100.00 |
| Operating Expense | |||||
| Fuel | 7,162.6 | 8,442.4 | 1,279.8 | 17.87 | 21.64 |
| Labor | 13,732.7 | 14,598.0 | 865.3 | 6.30 | 37.42 |
| Rentals | 2,022.2 | 2,005.0 | -17.2 | -0.85 | 5.14 |
| Depreciation & Amortization | 2,566.3 | 2,606.6 | 40.3 | 1.57 | 6.68 |
| Landing Fees | 706.0 | 732.9 | 26.9 | 3.81 | 1.88 |
| Maintenance Materials | 607.4 | 576.6 | -30.8 | -5.07 | 1.48 |
| Transport-Related* | 1,276.0 | 751.9 | -524.1 | -41.07 | 1.93 |
| Other**** | 8,879.3 | 9,296.3 | 417.0 | 4.70 | 23.83 |
| Total Operating Expense | 36,952.5 | 39,009.7 | 2,057.2 | 5.57 | 100.00 |
| Profits or Losses | |||||
| Operating Profit | 5,466.8 | 3,582.4 | -1,884.4 | -34.47 | N/A |
| Operating Margin# (%) | 12.9 | 8.4 | -4.5 | N/A | N/A |
| Nonoperating Income/(Expense)## | -403.1 | -422.6 | -19.5 | 4.84 | N/A |
| Pre-Tax Income | 5,063.7 | 3,159.9 | -1,903.8 | -37.60 | N/A |
| Income Tax Benefit/(Expense) | -1,281.4 | -1,070.3 | 211.1 | -16.47 | N/A |
| Other Income/(Expense) | 0.0 | 0.0 | 0.0 | 0.0 | N/A |
| Net Income | 3,782.3 | 2,089.1 | -1,693.2 | -44.77 | N/A |
| Net Margin### (%) | 8.9 | 4.9 | -4.0 | 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