By rahmat hidayat

Thursday, December 21, 2023

Having trouble viewing this email? View it as a Web page.   US Airlines gain $1.6 billion in third quarter 2023, a decrease over third quarter 2022 Wednesday, December 20, 2023 BTS 58-23     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 third-quarter (Tables 1-6) financial results. 2Q 2023 Results for All 26 Scheduled U.S. Passenger Airlines  U.S. scheduled passenger airlines reported a third-quarter 2023 after-tax net gain of $1.6 billion and a pre-tax operating gain of $3.3 billion. One year earlier, in the third quarter of 2022, the airlines reported an after-tax net gain of $2.4 billion and a pre-tax operating gain of $4.7 billion.      After-tax net income  $1.6 billion gain in 3Q 2023  Compared to $5.5 billion gain in 2Q 2023 Compared to $2.4 billion gain in 3Q 2022 Pre-tax operating profit  $3.3 billion gain in 3Q 2023  Compared to $7.7 billion gain in 2Q 2023 Compared to $4.7 billion gain in 3Q 2022   Total 3Q 2023 operating revenue: $62.0 billion Share of total 3Q 2023 operating revenue: Fares: $47.0 billion, 76.3%, compared to 75.3% in 3Q 2022 Baggage fees: $1.9 billion, 3.0%, compared to 3.0% in 3Q 2022 Reservation change fees: $268 million, 0.4%, compared to 0.4% in 3Q 2022 Fees are included for calculations of net income, operating revenue and operating profit or loss. Total 3Q 2023 operating expenses: $58.3 billion: Share of total 3Q 2023 operating expenses: Fuel: $12.4 billion, 21.4%, compared to 26.0% in 3Q 2022 Labor: $20.2 billion, 34.6%, compared to 30.5% in 3Q 2022 Domestic operations, includes 26 U.S. airlines:   After-tax domestic net profit (net income)  $424 million gain in 3Q 2023  Compared to $3.7 billion gain in 2Q 2023 Compared to $1.4 billion gain in 3Q 2022 Pre-tax domestic operating profit  $1.4 billion gain in 3Q 2023  Compared to $5.5 billion gain in 2Q 2023 Compared to $3.1 billion gain in 3Q 2022   3Q 2023 domestic operating revenue: $44.7 billion Share of total 3Q 2023 domestic operating revenue: Fares: $32.7 billion, 73.0%, compared to 72.5% in 3Q 2022 Baggage fees: $1.5 billion, 3.3%, compared to 3.2% in 3Q 2022 Reservation change fees: $225 million, 0.5%, compared to 0.5% in 3Q 2022   Fees are included for calculations of net income, operating revenue and operating profit or loss. 3Q 2023 domestic operating expenses: $43.3 billion, of which: Share of total 3Q 2023 domestic operating expenses: Fuel: $8.5 billion, 19.7%, compared to 23.7% in 3Q 2022 Labor: $14.9 billion, 34.5%, compared to 30.5% in 3Q 2022 International operations, includes 20 U.S. airlines:   After-tax international net profit (net income)  $1.2 billion gain in 3Q 2023  Compared to $1.7 billion gain in 2Q 2023 Compared to $941 million gain in 3Q 2022 Pre-tax international operating profit  $1.9 billion gain in 3Q 2023  Compared to $2.2 billion gain in 2Q 2023  Compared to $1.5 billion gain in 3Q 2022   3Q 2023 international operating revenue: $16.8 billion, of which: Share of 3Q 2023 international operating revenue: Fares: $14.3 billion, 85.1%, compared to 83.7% in 3Q 2022  Baggage fees: $367 million, 2.2%, compared to 2.4% in 3Q 2022  Reservation change fees: $43 million, 0.3%, compared to 0.2% in 3Q 2022 Fees are included for calculations of net income, operating revenue and operating profit or loss.   3Q 2023 international operating expenses: $14.9 billion, of which: Share of 3Q 2023 international operating expenses: Fuel: $3.9 billion, 26.1%, compared to 33.3% in 3Q 2022 Labor: $5.2 billion, 35.0%, compared to 30.5% in 3Q 2022 3rd 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:  2.7% in 3Q2023  Compared to 4.1% in 3Q2022 Operating margin: 5.3% in 3Q2023  Compared to 8.0% in 3Q2022 Domestic Net income margin:  0.9% in 3Q2023  Compared to 3.3% in 3Q2022 Operating margin: 3.1% in 3Q2023 Compared to 7.1% in 3Q2022 International Net income margin:  7.2% in 3Q2023 Compared to 6.4% in 3Q2022 Operating margin: 11.1% in 3Q2023  Compared to 10.6% in 3Q2022 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 fourth-quarter 2023 data on May 15, 2024. 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), Northern Air Cargo Inc. (NC). 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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