Own-Source and Supporting Revenue Allocated for Transportation
Interactive visualization:
Interactive visualization:
Interactive visualization:
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:
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.
The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ October Fuel Cost and Consumption numbers.