Loading
22-Sep-2009 12:32 PM

US airlines report improved operating margin in 2Q2009

US Bureau of Transportation Statistics (BTS) stated (21-Sep-2009) the seven US network carriers reported a combined total system (domestic and international) operating loss margin of -0.5% for the three months ended 30-Jun-2009, the sixth consecutive quarterly loss margin. Details of total passenger airline financial results include:

  • Operating revenue: USD29,355 million, n/a year-on-year;
    • Regional: USD1,915 million;
    • Low cost: USD4,760 million;
    • Network: USD22,680 million;
  • Operating costs: USD28,994 million;
    • Regional: 1,777 million;
    • Low cost: USD4,426 million;
    • Network: USD22,791 million;
  • Operating profit (loss): USD361 million;
    • Regional: USD138 million;
    • Low cost: USD334 million;
    • Network: (USD111 million);
  • Operating margin: 1.2%, +5.7 ppts;
    • Regional: 7.2%, +4.7 ppts;
    • Low cost: 7.0%, +5.3 ppts;
    • Network: -0.5%, +6.8 ppt;
  • Unit cost per ASM: USD 12.6 cents, -19.2%;
    • Regional: USD 12.4 cents, -31.1%;
    • Low cost: USD 9.3 cents, -11.4%;
    • Network: USD 13.5 cents, -19.6%;
  • Unit revenue per ASM: USD 12.7 cents, -15.3%;
    • Regional: USD 13.4 cents, -27.2%;
    • Low cost: USD 10.0 cents, -5.7%;
    • Network: USD 13.4 cents, -15.2%.

According to BTS, the network carrier to report the best operating margin for the three months ended 30-Jun-2009 was Northwest Airlines, at +5.4%. Details of US network carriers’ financial performance include:

  • Operating margin: -0.5% +6.8 ppt year-on-year;
    • Northwest: 5.4%, -1.3 ppt;
    • US Airways: 4.4%, +20.5 ppts;
    • United: 4.3%, +8.5 ppts;
    • Alaska: 4.2%, +11.3 ppts;
    • Delta: -3.5%, -6.4 ppts;
    • Continental: -5.2%, -3.3 ppts;
    • American: -5.3%, +16.5 ppts;
  • Unite cost per ASM: USD 12.6 cents, -19.2%;
    • Delta: USD 15.3 cents, -6.7%;
    • US Airways: USD 14.4 cents, -28.4%;
    • Continental: USD 13.4 cents, -14.6%;
    • American: USD 13.3 cents, -26.1%;
    • Northwest: USD 12.6 cents, -19.2%;
    • Alaska: USD 12.3 cents, -12.8%;
    • United: USD 12.2 cents, -22.8%;
  • Unit revenue per ASM: USD 12.7 cents, -15.3%;
    • US Airways: USD 15.0 cents, -13.3%;
    • Delta: USD 14.8 cents, -12.4%;
    • Northwest: USD 13.3 cents, -20.4%;
    • Alaska: USD 12.8 cents, -3.0%;
    • United: USD 12.7 cents, -16.4%;
    • Continental: USD 12.7 cents, -17.5%;
    • American: USD 12.7 cents, -14.2%. [more]

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More