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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)

Jan-Dec 2016Jan-Dec 2017Change2016-2017 % Change% of YTD 2017 Revenue or Expense Total
Operating Revenue
Passenger Fares (scheduled/charter)34,010.435,371.71,361.34.0083.05
Reservation Changes1,025.6982.2-43.4-4.232.31
Total Operating Revenue***42,419.142,592.1173.00.41100.00
Operating Expense
Depreciation & Amortization2,566.32,606.640.31.576.68
Landing Fees706.0732.926.93.811.88
Maintenance Materials607.4576.6-30.8-5.071.48
Total Operating Expense36,952.539,009.72,057.25.57100.00
Profits or Losses
Operating Profit5,466.83,582.4-1,884.4-34.47N/A
Operating Margin# (%)12.98.4-4.5N/AN/A
Nonoperating Income/(Expense)##-403.1-422.6-19.54.84N/A
Pre-Tax Income5,063.73,159.9-1,903.8-37.60N/A
Income Tax Benefit/(Expense)-1,281.4-1,070.3211.1-16.47N/A
Other Income/(Expense)
Net Income3,782.32,089.1-1,693.2-44.77N/A
Net Margin### (%)8.94.9-4.0N/AN/A
* 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.