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Results for All 21 Scheduled U.S. Passenger Airlines:

After-tax net income

• $1.7 billion in 1Q 2018
• down from $5.1 billion in 4Q 2017
• down from $1.9 billion in 1Q 2017

Pre-tax operating profit

• $2.6 billion in 1Q 2018
• down from $4.1 billion in 4Q 2017
• down from $3.3 billion in 1Q 2017

• Total operating revenue: $42.5 billion
  • $33.1 billion from fares, 73.7 percent of total first-quarter operating revenue
  • $1.1 billion in baggage fees, 2.6 percent of total operating revenue
  • $661.9 million from reservation change fees, 1.6 percent of total operating revenue

• Total operating expenses: $39.9 billion
  • Fuel costs accounted for $7.4 billion, 18.5 percent of total operating expenses
  • Labor costs accounted for $13.5 billion, 33.9 percent of total operating expenses

Fees are included for calculations of net income, operating revenue and operating profit or loss.

Domestic operations, includes 21 U.S. airlines:

After-tax domestic net income

• $1.2 billion in 1Q 2018
• down from $4.8 billion in 4Q 2017
• down from $1.8 billion in 1Q 2017

Pre-tax domestic operating profit

• $2.0 billion in 1Q 2018
• down from $3.6 billion in 4Q 2017
• down from $3.0 billion in 1Q 2017

• Total domestic operating revenue: $31.9 billion
  • $22.7 billion from fares, 71.0 percent of total first-quarter domestic operating revenue
  • $836.6 million in baggage fees, 2.6 percent of total domestic operating revenue
  • $448.2 million from reservation change fees, 1.4 percent of total domestic operating revenue

• Total domestic operating expenses: $29.9 billion
  • Fuel costs accounted for $5.1 billion, 16.9 percent of total domestic operating expenses
  • Labor costs accounted for $9.9 billion, 33.0 percent of total domestic operating expenses

International operations, includes 16 U.S. airlines:

After-tax international net income

• $428.3 million in 1Q 2018
• up from $297.1 million in 4Q 2017
• up from $87.0 million in 1Q 2017

Pre-tax international operating profit

• $614.7 million in 1Q 2018
• up from $482.2 million in 4Q 2017
• up from $278.7 million in 1Q 2017

• Total international operating revenue: $10.6 billion
  • $8.7 billion from fares, 81.6 percent of first-quarter international operating revenue
  • $282.7 million in baggage fees, 2.7 percent of international operating revenue
  • $213.7 million from reservation change fees, 2.0 percent of international operating revenue

• Total international operating expenses: $10.0 billion,
  • Fuel costs accounted for $2.3 billion, 23.5 percent of international operating expenses
  • Labor costs accounted for $3.7 billion, 36.5 percent of international operating expenses

Reporting notes

Additional data: BTS website, See tables for operating profit/loss, operating revenue and fuel cost and consumption. See the BTS financial databases for more detailed data including numbers for individual airlines.

Filing requirement: By regulation, for the quarter ending March 31, airlines that operate at least one aircraft that is designed/certified for more than 60 seats or the capacity to carry a payload of passengers and cargo weighing more than 18,000 pounds must report financial data to BTS by May 10. The airline filings are subject to a process of quality assurance and data validations before release to the public.

Data updates: Revised carrier data and late data filings will be made available monthly on TranStats on the Monday following the second Tuesday of the month. All data are subject to revision. BTS will release 2nd-quarter 2018 data on Sept. 17.