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Table 7. Quarterly U.S. Scheduled Service Passenger Airlines Financial Reports, 4Q 2017

Reports from 23 airlines in 4Q 2017, (Millions of dollars)

Dataset Table:

4Q 2016 1Q 2017 2Q 2017 3Q 2017 4Q 2017 Dollar Change 4Q2016-4Q2017
Net Income 2,551 1,939 4,671 3,743 5,141 2,590
Operating Profit/Loss 4,642 3,267 7,734 6,335 4,105 -537
Operating Revenue* 42,096 39,696 46,190 45,616 43,839 1,744
Fares 31,121 29,387 34,633 34,200 32,274 1,153
Baggage Fees 1,164 1,027 1,177 1,216 1,157 -6
Reservation Change Fees 671 724 738 720 675 4
Operating Expenses 37,454 36,428 38,455 39,282 39,735 2,281
Fuel 6,026 5,938 6,450 6,801 7,053 1,027
Labor 13,190 12,784 13,616 13,589 13,564 374

Notes:

* Passenger airline operating revenue includes four other categories.  1) Transport-related is revenue 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 from associated businesses (aircraft maintenance, fuel sales, restaurants, vending machines, etc). 2) Miscellaneous operating revenue includes pet transportation, sale of frequent flyer award miles to airline business partners and standby passenger fees.   3)  Cargo revenue from transporting cargo in belly of aircraft.  4)  Mail revenue from transporting mail in belly of aircraft.  See the P1.2 database http://www.transtats.bts.gov/Fields.asp?Table_ID=295.

Source:

Bureau of Transportation Statistics, Form 41; Schedules P1.2 and P6