Results for All 21 Scheduled U.S. Passenger Airlines:
Figure 1. Systemwide U.S. Scheduled Service Passenger Airlines Quarterly Net Income billions of dollars ($)Source:
Bureau of Transportation Statistics, Schedule P1.2
After-tax net income
- $3.8 billion in 3Q 2018 (22nd consecutive quarterly after-tax net profit)
- Up from $3.4 billion in 2Q 2018
- Up from $3.7 billion in 3Q 2017
Pre-tax operating profit
- $5.3 billion in 3Q 2018 (30th consecutive quarterly pre-tax operating profit)
- Down from $5.5 billion in 2Q 2018
- Down from $6.3 billion in 3Q 2017
- Total operating revenue: $49.3 billion
- $36.8 billion from fares, 74.7 percent of total third-quarter operating revenue
- $1.3 billion in baggage fees, 2.6 percent of total operating revenue
- $673.0 million from reservation change fees, 1.4 percent of total operating revenue
- Total operating expenses: $44.0 billion
- Fuel costs accounted for $9.4 billion, 21.4 percent of total operating expenses
- Labor costs accounted for $14.3 billion, 32.5 percent of total operating expenses
Fees are included for calculations of net income, operating revenue and operating profit or loss.
Domestic operations, includes 21 U.S. airlines:
Figure 2. Domestic U.S. Scheduled Service Passenger Airlines Quarterly Net Income billions of dollars ($)
After-tax domestic net income
- $2.4 billion in 3Q 2018 (22nd consecutive quarterly domestic after-tax net profit)
- Down from $2.5 billion in 2Q 2018
- Down from $2.6 billion in 3Q 2017
Pre-tax domestic operating profit
- $3.5 billion in 3Q 2018 (30th consecutive quarterly domestic pre-tax operating profit)
- Down from $4.1 billion in 2Q 2018
- Down from $4.7 billion in 3Q 2017
- Total domestic operating revenue: $36.3 billion
- $26.0 billion from fares, 71.6 percent of total third-quarter domestic operating revenue
- $943.5 million in baggage fees, 2.6 percent of total domestic operating revenue
- $454.7 million from reservation change fees, 1.3 percent of total domestic operating revenue
- Total domestic operating expenses: $32.7 billion
- Fuel costs accounted for $6.3 billion, 19.3 percent of total domestic operating expenses
- Labor costs accounted for $10.4 billion, 31.6 percent of total domestic operating expenses
International operations, includes 17 U.S. airlines:
Figure 3. International U.S. Scheduled Service Passenger Airlines Quarterly Net Income billions of dollars ($)Source:
Source: Bureau of Transportation Statistics
After-tax international net income
- $1.4 billion in 3Q 2018 (15th consecutive quarterly international after-tax net profit)
- Up from $886.6 million in 2Q 2018
- Up from $1.1 billion in 3Q 2017
Pre-tax international operating profit
- $1.7 billion in 3Q 2018 (26th consecutive quarterly international pre-tax operating profit)
- Up from $1.4 billion in 2Q 2018
- Up from $1.6 billion in 3Q 2017
- Total international operating revenue: $13.0 billion
- $10.9 billion from fares, 83.4 percent of third-quarter international operating revenue
- $341.5 million in baggage fees, 2.6 percent of international operating revenue
- $218.3 million from reservation change fees, 1.7 percent of international operating revenue
- Total international operating expenses: $11.3 billion,
- Fuel costs accounted for $3.1 billion, 27.6 percent of international operating expenses
- Labor costs accounted for $3.9 billion, 34.8 percent of international operating expenses
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