U.S. Passenger Airlines Report After-tax Net Profit of $5.5 Billion for 2nd Quarter of 2015

U.S. Department of Transportation Releases 2nd Quarter (April-June) of 2015 Airline Financial Data

U.S. scheduled passenger airlines reported an after-tax net profit of $5.5 billion in the second quarter of 2015, up from $3.1 billion in the first quarter of 2015 and up from $3.6 billion in the second quarter of 2014, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today.

The 26 U.S. scheduled service passenger airlines reported an after-tax net profit as a group for the ninth consecutive quarter.

In addition to the after-tax net profit of $5.5 billion based on net income reports, the scheduled service passenger airlines reported $8.2 billion in pre-tax operating profit in the second quarter of 2015, up from $5.1 billion in the first quarter of 2015 and up from $5.5 billion in the second quarter of 2014. The airlines reported a pre-tax operating profit – as a group – for the 17th consecutive quarter.

Net income and operating profit or loss are two different measures of airline financial performance. Net income or loss may include non-operating income and expenses, nonrecurring items or income taxes. Operating profit or loss is calculated from operating revenues and expenses before taxes and other nonrecurring items.

Total operating revenue for all U.S. passenger airlines in the April-June second-quarter of 2015 was $43.9 billion. Airlines collected $33.2 billion from fares, 75.7 percent of total second-quarter operating revenue.

Total operating expenses for all passenger airlines in the second-quarter of 2015 were $35.8 billion, of which fuel costs accounted for $7.9 billion, or 22.1 percent, and labor costs accounted for $11.0 billion, or 30.7 percent.

In the second quarter, passenger airlines collected a total of $962 million in baggage fees, 2.2 percent of total operating revenue, and $773 million from reservation change fees, 1.8 percent of total operating revenue. Fees are included for calculations of net income, operating revenue and operating profit or loss.

Baggage fees and reservation change fees are the only ancillary fees paid by passengers that are reported to BTS as separate items. Other fees, such as revenue from seating assignments and on-board sales of food, beverages, pillows, blankets, and entertainment are combined in different categories and cannot be identified separately.

See BTS Airline Financials Release for summary tables and additional data. See airline financial data press releases and the airline financial databases for historic data.

About Mike Neuman

Identical twin; Long-time advocate of protection of our environment; Married; Father to three sons; Grandfather to one granddaughter; Born and raised in Wisconsin; Graduate of University of Wisconsin; post graduate degrees in agricultural economics and Water Resources Management fro UWMadison; Former School Crossing Guard for City of Madison; Bike to Work for 31 years with Wisconsin Department of Natural Resources; Retired from DNR in 2007; Biked to school crossing guard site 2 X daily for 7 years retiring in 2019; in addition to being an advocate of safeguarding our environment, I am also an advocate for humane treatment of animal, children, and people in need of financial resource for humane living. I am presently a Volunteer for Habitat for Humanity, Madison, Wisconsin. I oppose all long (>500 miles) distance travel (via fossil fuel burning) for nonessential purposes and all ownership of more than one home. I am opposed to militarism in any form particularly for the purpose of monetary gain. I am a Strong believer in people everywhere having the right to speak their minds openly, without any fear of reprisal, regarding any concerns; especially against those in authority who are not acting for the public good?in a timely fashion and in all countries of the world not just the U S.. My identical twin, Pat, died in June 2009. He was fired from his job with the National Weather Service despite having a long and successful career as a flood forecaster with the Kansas City National Weather Service. He took a new position in the Midwest Regional Office in Minneapolis. Unfortunately, Pat’s work for the NWS went sour after he began to see the evidence for concern about rising global temperatures shortly after relocating to Minneapolis, and how they appeared to effect of flooding on the Red River that flows out of Canada before entering the U.S. in North Dakota. . Pat and I conversed on a regular basis with other scientists on the Yahoo Group named “Climate Concern “ and by personal email. The NWS denied his recommendation to give his public presentation o n his research at the “Minneapolis Mall of America” in February 2000, which deeply affected h,im. I will h He strongly believed the information ought be shared with the public to which I concurred. That was the beginning of the vendetta against my brother, Patrick J. Neuman, for speaking strongly of the obligations the federal government was responsible for accurately informing the citizenry. A way great similar response to my raising the issue of too many greenhouse gases being emitted by drivers of vehicles on Wisconsin highway system, my immediate supervisors directed: “that neither global warming, climate change nor the long term impacts upon the natural resources of Wisconsin from expansion of the state highway system were to be any part of my job requirements, and that I must not communicate, nor in a memorandum to all the bureau, shall any person who works in the same bureau I do communicate with me, neither verbally on the phone, by email.

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