Post-CARES Act: U.S. Passenger Airlines Drop Nearly 37,000 Jobs in October 2020 from September

Airlines receiving funds under the CARES Act were prohibited from layoffs or furloughs until Sept. 30. The 22 U.S. scheduled passenger airlines employed 9.1% fewer full-time equivalents (FTEs) in mid-October 2020 than in mid-September 2020:

Figure 3. International U.S. Scheduled Service Passenger Airlines Quarterly After Tax Net Profit, 3Q2020

Figure 2. Domestic U.S. Scheduled Service Passenger Airlines Quarterly After Tax Net Profit, 3Q2020

Figure 1. Systemwide U.S. Scheduled Service Passenger Airlines Quarterly After Tax Net Profit, 3Q2020

U.S. Airlines Report Third Quarter 2020 Losses

U.S. scheduled passenger airlines reported a third-quarter 2020 after-tax net loss of $11.8 billion and a pre-tax operating loss of $15.9 billion.

These third-quarter losses are the third consecutive quarterly losses following 27 consecutive quarterly after-tax net profits and 35 consecutive quarterly pre-tax operating profits. One year earlier, in the third quarter of 2019, the airlines reported an after-tax net profit of $4.6 billion and a pre-tax operating profit of $6.4 billion.

U.S. Airlines October 2020 Fuel Use Up 11% from September

The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ October Fuel Cost and Consumption numbers.

Employees at U.S. Scheduled Passenger Airlines Month of September, 1990-2020

U.S. Airlines September 2020 Fuel Use Down 9% from August

The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ September Fuel Cost and Consumption numbers.

Employees at U.S. Scheduled Passenger Airlines Month of August, 1990-2020

Figure 1. U.S. Average Domestic Fares, 2nd Quarter 1995-2020