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Economics, employment, and finance

Legacy ID
1546

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.

May 2019 U.S. Passenger Airline Employment Data

The 21 U.S. scheduled passenger airlines employed 2.2% more workers in May 2019 than in May 2018:

  • May’s 447,985 full-time equivalents (FTE) was the highest total for any month since April 2003 (449,288 FTEs).  
  • May was the 67th consecutive month that U.S. scheduled passenger airline FTEs exceeded the same month of the previous year.

First Quarter 2019 Air Fare Data

First quarter 2019 average domestic itinerary air fare: $353.

Adjusted for inflation, (constant 2019 dollars) the 1Q 2019 air fare was:

  • Up 0.3% from 1Q 2018 ($352)
  • Down 2.0% from 4Q 2018 ($361)
  • Down 15.5% from 1Q 2015 ($418)