09/20/2024 | Press release | Distributed by Public on 09/20/2024 09:30
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 second-quarter (Tables 1-6) financial results.
U.S. scheduled passenger airlines reported a second-quarter 2024 after-tax net gain of $3.8 billion and a pre-tax operating gain of $6.3 billion.
One year earlier, in the second quarter of 2023, the airlines reported an after-tax net gain of $5.4 billion and a pre-tax operating gain of $7.7 billion.
After-taxnet income
Pre-tax operating profit
Fees are included for calculations of net income, operating revenue and operating profit or loss.
Domestic operations, includes 25 U.S. airlines:
After-tax domestic net profit(net income)
Pre-tax domestic operating profit
After-tax international net profit(net income)
Pre-tax international operating profit
Fees are included for calculations of net income, operating revenue and operating profit or loss.
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:
Operating margin:
Domestic
Net income margin:
Operating margin:
International
Net income margin:
Operating margin:
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 onTranStatson the Monday following the second Tuesday of the month. All data are subject to revision. BTS will release third-quarter 2024 data on December 18, 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: ZW (Air Wisconsin Airlines), NC (Northern Air Cargo) and KH (Aloha Air Cargo). Also, within text, percent change results may not be exact due to rounding.