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Table 8. Domestic Quarterly U.S. Scheduled Service Passenger Airlines Financial Reports, 4Q 2017

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

Domestic Operations4Q 20161Q 20172Q 20173Q 20174Q 2017Dollar Change 4Q2016-4Q2017
Net Income2,2981,8534,0582,6384,8442,547
Operating Profit/Loss4,0612,9916,5024,7263,622-439
Operating Revenue*32,61430,39534,95733,65033,6641,051
Fares23,29921,73025,24524,11723,946647
Baggage Fees956818930950918-38
Reservation Change Fees499477481465452-47
Operating Expenses28,52327,40428,45528,92430,0421,519
Fuel 4,2214,0694,3204,5484,849628
Labor9,7479,3709,8009,72610,026279
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