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US airlines report operating profit in 3Q2012, USD924m in baggage fees

18-Dec-2012 3:20 PM

US Bureau of Transportation Statistics announced (17-Dec-2012) the largest scheduled passenger airlines reported a 6.4% profit margin the three months ended 30-Sep-2012, down from 6.8% in 3Q2011. US’ 10 largest airlines, based on total passenger numbers, achieved a combined operating profit of USD2.4 billion with all of the larger carriers reporting an operating profit. Details include:

  • Operating revenue: USD37,667 million;
    • Passenger revenue: USD27,983 million;
      • Baggage fees: USD924 million;
      • Reservation change fees: USD652 million;
  • Operating costs: USD35,260 million;
  • Operating profit: USD35,260 million;
  • Operating margin: 6.4%, -0.4 ppt year-on-year;
  • Operating profit: USD2407 million;
  • Net profit: USD1395 million, +54.6%;
  • Unit revenue: USD 16.3 cents, +0.6%;
  • Passenger revenue yield: USD 14.2 cents, +0.7%;
  • Unit costs: USD 15.2 cents, +0.7%. [more – original PR]

*Includes AirTran
**Includes Atlantic Southeast Airlines