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Economics, employment, and finance

Legacy ID
1546

Second Quarter 2019 Air Fare Data

The second quarter 2019 average domestic itinerary air fare of $364 was an increase from both the first quarter of 2019 and the second quarter of 2018, adjusted for inflation.

 

Adjusted for inflation, (constant 2019 dollars) the 2Q 2019 air fare was:

  • Up 2.5% from 2Q 2018 ($355)
  • Up 1.9% from 1Q 2019 ($358)
  • Down 14.4% from 2Q 2014 ($426)

 

The 2Q average fare calculation does not include Frontier Airlines due to data reporting problems. The largest potential impacts would be in cities where Frontier has a substantial market share, such as Denver (12% market share) and Orlando (10% market share).

July 2019 U.S. Passenger Airline Employment Data

The 21 U.S. scheduled passenger airlines employed 1.5% more workers in July 2019 than in July 2018:

  • July’s 449,907 full-time equivalents (FTEs) was the highest employment total since March 2003 (458,598 FTEs).  
  • June was the 69th consecutive month that U.S. scheduled passenger airline FTEs exceeded the same month of the previous year.

Second Quarter 2019 U.S. Airline Financial Data

 

U.S. scheduled passenger airlines reported a second-quarter 2019 after-tax net profit of $4.8 billion, the 25th consecutive quarterly after-tax profit, and a pre-tax operating profit of $6.9 billion, the 33rd consecutive quarterly 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 second-quarter 2019 (Tables 1-6) financial results.

June 2019 U.S. Passenger Airline Employment Data

The 21 U.S. scheduled passenger airlines employed 2.4% more workers in June 2019 than in June 2018:

  • June’s 449,985 full-time equivalents (FTE) was the highest employment total for any month since March 2003 (458,598 FTEs).  
  • June was the 68th consecutive month that U.S. scheduled passenger airline FTEs exceeded the same month of the previous year.