U.S. Airline Industry Performance

First Quarter 2018 U.S. Airline Financial Data

After-tax net income $1.7 billion in 1Q 2018 - down from $5.1 billion in 4Q 2017 - down from $1.9 billion in 1Q 2017

Infographic - First Quarter 2018 U.S. Airline Financial Data

Results for All 21 Scheduled U.S. Passenger Airlines: Figure 1. Systemwide U.S. Scheduled Service Passenger Airlines Quarterly Net Income, 1Q 2018 billions of dollars ($)Graph -  Systemwide U.S. Scheduled Service Passenger Airlines Quarterly Net Income, 1Q 2018 Source: 

Bureau of Transportation Statistics, Schedule P1.2 http://www.transtats.bts.gov/Fields.asp?Table_ID=295

After-tax net income

  • $1.7 billion in 1Q 2018
  • down from $5.1 billion in 4Q 2017
  • down from $1.9 billion in 1Q 2017

Pre-tax operating profit

  • $2.6 billion in 1Q 2018
  • down from $4.1 billion in 4Q 2017
  • down from $3.3 billion in 1Q 2017
  • Total operating revenue: $42.5 billion
    • $33.1 billion from fares, 73.7 percent of total first-quarter operating revenue
    • $1.1 billion in baggage fees, 2.6 percent of total operating revenue
    • $661.9 million from reservation change fees, 1.6 percent of total operating revenue
  • Total operating expenses: $39.9 billion
    • Fuel costs accounted for $7.4 billion, 18.5 percent of total operating expenses
    • Labor costs accounted for $13.5 billion, 33.9 percent of total operating expenses

Fees are included for calculations of net income, operating revenue and operating profit or loss.

Domestic operations, includes 21 U.S. airlines: Figure 2. Domestic U.S. Scheduled Service Passenger Airlines Quarterly Net Income, 1Q 2018 billions of dollars ($)Graph - Domestic U.S. Scheduled Service Passenger Airlines Quarterly Net Income, 1Q 2018Source: 

Bureau of Transportation Statistics, Schedule P1.2 http://www.transtats.bts.gov/Fields.asp?Table_ID=295

After-tax domestic net income

  • $1.2 billion in 1Q 2018
  • down from $4.8 billion in 4Q 2017
  • down from $1.8 billion in 1Q 2017

Pre-tax domestic operating profit

  • $2.0 billion in 1Q 2018
  • down from $3.6 billion in 4Q 2017
  • down from $3.0 billion in 1Q 2017
  • Total domestic operating revenue: $31.9 billion
    • $22.7 billion from fares, 71.0 percent of total first-quarter domestic operating revenue
    • $836.6 million in baggage fees, 2.6 percent of total domestic operating revenue
    • $448.2 million from reservation change fees, 1.4 percent of total domestic operating revenue
  • Total domestic operating expenses: $29.9 billion
    • Fuel costs accounted for $5.1 billion, 16.9 percent of total domestic operating expenses
    • Labor costs accounted for $9.9 billion, 33.0 percent of total domestic operating expenses

International operations, includes 16 U.S. airlines: Figure 3. International U.S. Scheduled Service Passenger Airlines Quarterly Net Income, 1Q 2018 billions of dollars ($)Graph - International U.S. Scheduled Service Passenger Airlines Quarterly Net Income, 1Q 2018Source: 

Bureau of Transportation Statistics, Schedule P1.2 http://www.transtats.bts.gov/Fields.asp?Table_ID=295

After-tax international net income

  • $428.3 million in 1Q 2018
  • up from $297.1 million in 4Q 2017
  • up from $87.0 million in 1Q 2017

Pre-tax international operating profit

  • $614.7 million in 1Q 2018
  • up from $482.2 million in 4Q 2017
  • up from $278.7 million in 1Q 2017
  • Total international operating revenue: $10.6 billion
    • $8.7 billion from fares, 81.6 percent of first-quarter international operating revenue
    • $282.7 million in baggage fees, 2.7 percent of international operating revenue
    • $213.7 million from reservation change fees, 2.0 percent of international operating revenue
  • Total international operating expenses: $10.0 billion,
    • Fuel costs accounted for $2.3 billion, 23.5 percent of international operating expenses
    • Labor costs accounted for $3.7 billion, 36.5 percent of international operating expenses



Logos, product and company names mentioned are the property of their respective owners.