Figure 1. Systemwide U.S. Scheduled Service Passenger Airlines Annual Net Income, 2019

2019 Annual and 4th Quarter U.S. Airline Financial Data

U.S. scheduled passenger airlines reported a 2019 after-tax net profit of $14.8 billion, the 7th consecutive annual after-tax profit and a pre-tax operating profit of $20.8 billion, the 11th consecutive annual 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 2019 annual (Tables 1-6) and fourth-quarter (Tables 7-12) financial results.

Transportation and Warehousing Labor Productivity Components by Mode

Figure with latest data available at:

https://data.transportation.gov/stories/s/cksf-e5wx/

Note:

Shaded areas indicate economic recessions. Labor hours is the total number of number of hours worked by all workers in a sector to produce gross output. Gross output is the total value of goods and services produced by the sector. Gross output includes the value of the goods and services used to produce the sector output. Labor productivity measures a sector’s output per unit of labor...

Transportation and Warehousing Total Factor Productivity Components by Mode

Figure with latest data available at:

https://data.transportation.gov/stories/s/k65c-hne3#components-of-total-factor-productivity-by-transportation-mode

Note:

Shaded areas indicate economic recessions.

Figure 1. U.S. Average Domestic Annual Fares, 1995-2019

Figure 2. Fares by Airport Group based on Number of Originating Domestic Passengers 4Q 2019

Annual and Fourth-Quarter 2019 Air Fare Data

The 2019 average domestic itinerary air fare of $355 was the lowest inflation-adjusted annual fare since the Bureau of Transportation Statistics began collecting such records in 1995, down 0.3% from the previous low of $356 in 2018.

During the year, fares dropped in the third quarter to $346, inflation-adjusted, the lowest quarterly fare on record. In the fourth quarter, fares rose to $357, up 2.1% from the $349 fare in the fourth quarter of 2018.

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

February 2020 U.S. Passenger Airline Employment Data

The 22 U.S. scheduled passenger airlines employed 3.6% more workers in February 2020 than in February 2019:

• February’s 458,832 full-time equivalents (FTEs) was up from the previous month’s employment total in January 2020 (456,398 FTEs) and was the highest FTE total for any month since February 2003 (460,852 FTEs).  
• February was the 76th consecutive month that U.S. scheduled passenger airline FTEs exceeded the same month of the previous year.

Value of Transportation Capital Stock

Figure with latest data available at:

https://data.transportation.gov/stories/s/ab7y-wzpz

Note:

Capital stock data are reported after deducting depreciation. Other publicly owned transportation includes publicly owned airway, waterway, and transit structures but does not include associated equipment. Locks and dams may be included under Other publicly owned transportation. Household includes personal vehicles, which are considered consumer durable goods. In-house transportation is...