Economics, employment, and finance
Legacy ID
1546
Mid-July 2020 U.S. Passenger Airline Employment Up 4,600 FTEs from Mid-June
The 23 U.S. scheduled passenger airlines employed 1.1 % more full-time equivalents (FTEs) in mid-July 2020 than in mid-June 2020:
Mid-July’s total number of FTEs (415,154) was up 4,600 FTEs from mid-June 2020 (410,557 FTEs) and down nearly 45,000 FTEs from mid-March 2020. July 2020 was the lowest FTE total for any July since 2016 (413,746 FTEs).
Mid-July 2020 FTEs were down more than 34,000 FTEs, down 7.7%, from mid-July 2019 (449,907 FTEs).
Figure 2. Domestic U.S. Scheduled Service Passenger Airlines Quarterly After Tax Net Profit, 2Q 2020
U.S. Airlines Report Second Quarter 2020 Losses
U.S. scheduled passenger airlines reported a second-quarter 2020 after-tax net loss of $11.0 billion and a pre-tax operating loss of $16.2 billion.
These second-quarter losses are the second consecutive quarterly losses following 27 consecutive quarterly after-tax net profits and 35 consecutive quarterly pre-tax operating profits.
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 2020 (Tables 1-6) financial results.
Mid-July Airline Employment Up 7,000 from Mid-June
U.S. airlines employed 706,824 workers in the middle of July 2020, 7,101 more than in mid-June 2020 and 46,461 fewer than in March 2020. The July 2020 numbers consist of 597,982 full-time and 108,842 part-time workers.
U.S. Airlines July 2020 Fuel Use Up 37% from June
The Department of Transportation’s Bureau of Transportation Statistics (BTS) today released U.S. airlines’ July Fuel Cost and Consumption numbers.
Fuel consumed by U.S. airlines scheduled service: July 2019 1.7 billion gallons, June 2020 558 million gallons, July 2020 763 million gallons