Second Quarter 2019 U.S. Airline Financial Data

U.S. scheduled passenger airlines reported a second-quarter 2019 after-tax net profit of $4.8 billion, the 25th consecutive quarterly after-tax profit, and a pre-tax operating profit of $6.9 billion, the 33rd consecutive quarterly pre-tax profit.

U.S. airline financial reports are filed quarterly with the Bureau of Transportation Statistics (BTS). See the tables that accompany this release on the BTS website for additional second-quarter 2019 (Tables 1-6) financial results.

Airline Financials 1Q 2019 Tables

First Quarter 2019 U.S. Airline Financial Data

U.S. scheduled passenger airlines reported a first-quarter 2019 after-tax net profit of $2.4 billion, the 24th consecutive annual after tax profit, and a pre-tax operating profit of $3.3 billion, the 32nd consecutive quarterly pre-tax profit.

Airline Financials 4Q 2018 Tables

2018 Annual and 4th Quarter U.S. Airline Financial Data

U.S. scheduled passenger airlines reported a 2018 after-tax net profit of $11.8 billion, the sixth consecutive annual after tax profit, and a pre-tax operating profit of $17.6 billion, the 10th consecutive annual pre-tax profit.

Third Quarter 2018 U.S. Airline Financial Data

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

Airline Financials 3Q 2018 Tables

Second Quarter 2018 U.S. Airline Financial Data

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

2Q 2018 Airline Financials Table

First Quarter 2018 U.S. Airline Financial Data

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.