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U.S. Department of Transportation U.S. Department of Transportation Icon United States Department of Transportation United States Department of Transportation

General

Legacy ID
201

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.