U.S. Airline Industry Performance

Second Quarter 2018 U.S. Airline Financial Data

Infographic - Second 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, 2Q 2018 billions of dollars ($)Graph - Systemwide U.S. Scheduled Service Passenger Airlines Quarterly Net Income, 2Q 2018 billions of dollars ($)

After-tax net income

  • $3.4 billion in 2Q 2018 (21st consecutive quarterly after-tax net profit)
  • Up from $1.7 billion in 1Q 2018
  • Down from $4.7 billion in 2Q 2017

Pre-tax operating profit

  • $5.5 billion in 2Q 2018 (29th consecutive quarterly pre-tax operating profit)
  • Up from $2.6 billion in 1Q 2018
  • Down from $7.7 billion in 2Q 2017
  • Total operating revenue: $48.9 billion
    • $36.3 billion from fares, 74.3 percent of total second-quarter operating revenue
    • $1.2 billion in baggage fees, 2.5 percent of total operating revenue
    • $694.0 million from reservation change fees, 1.4 percent of total operating revenue
  • Total operating expenses: $43.4 billion
    • Fuel costs accounted for $8.9 billion, 20.6 percent of total operating expenses
    • Labor costs accounted for $14.1 billion, 32.5 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, 2Q 2018 billions of dollars ($)Graph - Domestic U.S. Scheduled Service Passenger Airlines Quarterly Net Income, 2Q 2018 billions of dollars ($)Source: 

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

After-tax domestic net income

  • $2.5 billion in 2Q 2018 (21st consecutive quarterly domestic after-tax net profit)
  • Up from $1.2 billion in 1Q 2018
  • Down from $4.1 billion in 2Q 2017

Pre-tax domestic operating profit

  • $4.1 billion in 2Q 2018 (29th consecutive quarterly domestic pre-tax operating profit)
  • Up from $2.0 billion in 1Q 2018
  • Down from $6.5 billion in 2Q 2017
  • Total domestic operating revenue: $36.6 billion
    • $26.2 billion from fares, 71.5 percent of total second-quarter domestic operating revenue
    • $918.7 million in baggage fees, 2.5 percent of total domestic operating revenue
    • $472.2 million from reservation change fees, 1.3 percent of total domestic operating revenue
  • Total domestic operating expenses: $32.5 billion
    • Fuel costs accounted for $6.0 billion, 18.5 percent of total domestic operating expenses
    • Labor costs accounted for $10.3 billion, 31.6 percent of total domestic operating expenses

International operations, includes 17 U.S. airlines:

Figure 3. International U.S. Scheduled Service Passenger Airlines Quarterly Net Income, 2Q 2018 billions of dollars ($)Graph - International U.S. Scheduled Service Passenger Airlines Quarterly Net Income, 2Q 2018 billions of dollars ($)Source: 

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

After-tax international net income

  • $886.6 million in 2Q 2018 (14th consecutive quarterly international after-tax net profit)
  • Up from $428.3 million in 1Q 2018
  • Up from $613.1 million in 2Q 2017

Pre-tax international operating profit

  • $1.4 billion in 2Q 2018 (25th consecutive quarterly international pre-tax operating profit)
  • Up from $614.7 million in 1Q 2018
  • Up from $1.2 billion in 2Q 2017
  • Total international operating revenue: $12.3 billion
    • $10.2 billion from fares, 82.7 percent of second-quarter international operating revenue
    • $322.0 million in baggage fees, 2.6 percent of international operating revenue
    • $221.8 million from reservation change fees, 1.8 percent of international operating revenue
  • Total international operating expenses: $11.0 billion,
    • Fuel costs accounted for $2.9 billion, 26.6 percent of international operating expenses
    • Labor costs accounted for $3.8 billion, 35.1 percent of international operating expenses



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