By rahmat hidayat

Monday, June 12, 2023

Having trouble viewing this email? View it as a Web page.                                                           BTS 29-22 Monday, June 12, 2023 BTS Contact:  BTSNews@dot.gov   US Airlines lose $1.2 billion in first quarter 2023, an improvement over first quarter 2022       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 first-quarter (Tables 1-6) financial results. 1Q 2023 Results for All 26 Scheduled U.S. Passenger Airlines U.S. scheduled passenger airlines reported a first-quarter 2023 after-tax net loss of $1.2 billion and a pre-tax operating gain of $32 million. One year earlier, in the first quarter of 2022, the airlines reported an after-tax net loss of $5.1 billion and a pre-tax operating loss of $5.2 billion.       After-tax net income $1.2 billion loss in 1Q 2023 Compared to $2.1 billion gain in 4Q 2022 Compared to $5.1 billion loss in 1Q 2022   Pre-tax operating profit $32 million gain in 1Q 2023 Compared to $3.7 billion gain in 4Q 2022 Compared to $5.2 billion loss in 1Q 2022   Total 1Q 2023 operating revenue: $52.9 billion Share of total 1Q 2023 operating revenue: Fares: $39.5 billion, 74.6%, compared to 68.9% in 1Q 2022 Baggage fees: $1.7 billion, 3.3%, compared to 3.7% in 1Q 2022 Reservation change fees: $256 million, 0.5%, compared to 0.6% in 1Q 2022   Fees are included for calculations of net income, operating revenue and operating profit or loss.   Total 1Q 2023 operating expenses: $52.9 billion: Share of total 1Q 2023 operating expenses: Fuel: $12.0 billion, 22.6%, compared to 19.5% in 1Q 2022 Labor: $17.7 billion, 33.4%, compared to 34.2% in 1Q 2022   Domestic operations, includes 26 U.S. airlines:     After-tax domestic net profit (net income) $1.3 billion loss in 1Q 2023 Compared to $1.3 billion gain in 4Q 2022 Compared to $3.5 billion loss in 1Q 2022   Pre-tax domestic operating profit $403 million loss in 1Q 2023 Compared to $2.7 billion gain in 4Q 2022 Compared to $3.6 billion loss in 1Q 2022   1Q 2023 domestic operating revenue: $40.4 billion Share of total 1Q 2023 domestic operating revenue: Fares: $29.2 billion, 72.4%, compared to 68.3% in 1Q 2022 Baggage fees: $1.4 billion, 3.5%, compared to 3.7% in 1Q 2022 Reservation change fees: $219 million, 0.5%, compared to 0.6% in 1Q 2022   Fees are included for calculations of net income, operating revenue and operating profit or loss.   1Q 2023 domestic operating expenses: $40.8 billion, of which: Share of total 1Q 2023 domestic operating expenses: Fuel: $8.6 billion, 21.0%, compared to 18.0% in 1Q 2022 Labor: $13.6 billion, 33.4%, compared to 33.9% in 1Q 2022   International operations, includes 20 U.S. airlines:     After-tax international net profit (net income) $53 million gain in 1Q 2023 Compared to $782 million gain in 4Q 2022 Compared to $1.6 billion loss in 1Q 2022   Pre-tax international operating profit $436 million gain in 1Q 2023 Compared to $982 million gain in 4Q 2022 Compared to $1.6 billion loss in 1Q 2022   1Q 2023 international operating revenue: $12.5 billion, of which: Share of 1Q 2023 international operating revenue: Fares: $10.2 billion, 81.8%, compared to 71.3% in 1Q 2022 Baggage fees: $323 million, 2.6%, compared to 3.8% in 1Q 2022 Reservation change fees: $37 million, 0.3%, compared to 0.4% in 1Q 2022   Fees are included for calculations of net income, operating revenue and operating profit or loss.   1Q 2023 international operating expenses: $12.1 billion, of which: Share of 1Q 2023 international operating expenses: Fuel: $3.4 billion, 28.2%, compared to 25.4% in 1Q 2022 Labor: $4.0 billion, 33.5%, compared to 35.6% in 1Q 2022     1st Quarter Margins Net margin is the net income or loss as a percentage of operating revenue. Operating margin is the operating profit or loss as a percentage of operating revenue.   Systemwide: Net income margin: -2.3% in 1Q2023 Compared to -13.1% in 1Q2022   Operating margin: 1% in 1Q2023 Compared to -13.3% in 1Q2022   Domestic Net income margin: -3.2% in 1Q2023 Compared to -11.1% in 1Q2022   Operating margin: -1.0% in 1Q2023 Compared to -11.4% in 1Q2022   International Net income margin: 4% in 1Q2023 Compared to -21.7% in 1Q2022   Operating margin: 5% in 1Q2023 Compared to -21.0% in 1Q2022     Reporting notes Additional data: BTS website, see tables for operating profit/loss, operating revenue and fuel cost and consumption. See the BTS financial databases for more detailed data including numbers for individual airlines. Filing requirement: By regulation, for the quarter ending Dec. 31, airlines that operate at least one aircraft that is designed/certified for more than 60 seats or the capacity to carry a payload of passengers and cargo weighing more than 18,000 pounds must report financial data to BTS by March 31. The airline filings are subject to a process of quality assurance and data validations before release to the public. Data updates: Revised carrier data and late data filings will be made available monthly on TranStats on the Monday following the second Tuesday of the month. All data are subject to revision. BTS will release second-quarter 2023 data on September 18. Missing carriers: The information provided within BTS statistical releases may not be based on 100% of reporting carriers. Generally, data are released per schedule if reports have been received from at least 90% of the carriers, along with data from all the major carriers. Regarding this release, the following carriers remain pending: Aloha Air Cargo (KH), Elite Airways LLC (2HQ), Northern Air Cargo Inc. (NC), Scott Aviation, LLC (3EQ). Also, within text, percent change results may not be exact due to rounding.   You are subscribed to email updates from the USDOT Bureau of Transportation Statistics. Subscriber Services: Manage Preferences Questions for BTS? Contact BTS  STAY CONNECTED             U.S. Department of Transportation | 1200 New Jersey Avenue, SE | Washington DC 20590 | 855-368-4200

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