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Air Travel Consumer Report: April 2018 Numbers
The U.S. Department of Transportation (DOT) today released its June 2018 Air Travel Consumer Report (ATCR) on air carrier data compiled for the month of April 2018. The full consumer report and other aviation consumer matters of interest to the public can be found at http://www.transportation.gov/airconsumer.
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.
March 2018 U.S. Airline Traffic Data
U.S. airlines’ March systemwide (domestic and international) scheduled service passenger enplanements rose 0.2 percent from February, rising to 73.1 million to reach a new all-time seasonally-adjusted high, rising for the second consecutive month.