For the 3rd quarter of 2017, U.S. airlines reported an after-tax net profit of $3.7 billion, down from $3.8 billion in the third quarter of 2016, according to data collected by the U.S. Department of Transportation’s Bureau of Transportation Statistics.
From domestic operations, U.S. scheduled passenger airlines reported an after-tax net profit of $2.6 billion in the third quarter of 2017, virtually unchanged the third quarter of 2016. The 17 U.S. scheduled passenger airlines that operate internationally reported an after-tax net profit of $1.1 billion in the third quarter of 2017 from their international operations, down from $1.2 billion in the third quarter of 2016.
Total pre-tax operating profits for the third quarter of 2017 measured $6.3 billion, compared to $7.2 billion in the same quarter the previous year. However, the third quarter of 2017 is the 18th consecutive quarter that the 24 U.S. scheduled service passenger airlines have reported a collective after-tax net profit and the 26th consecutive quarter with a pre-tax operating profit.
For the third quarter of 2017, total operating revenue for all U.S. passenger airlines was $45.6 billion, with $34.2 billion (75 percent) coming from fares. Airlines also collected $1.2 billion (2.7 percent) in baggage fees and $720.2 million in reservation change fees (1.6 percent). Other fees like on-board sales of food, pillows, etc, are reported to the Bureau of Transportation Statistics are combined in different categories and cannot be identified as separate statistics.
In all, total operating expenses came to $39.3 billion. Of that number, fuel costs accounted for $6.8 billion (17.3 percent) and labor costs measured $13.6 billion (34.6 percent).
More about airline financial data is available on bts.gov.