Air- DOT: US airlines on upward financial track, but margins less than 1.5% – Finance & Data content from ATWOnline

Posted: July 1, 2013 in Uncategorized

June 28, 2013

The US Dept. of Transportation’s Bureau of Transportation Statistics (BTS) reports the 10 largest US scheduled passenger airlines recorded a first-quarter net loss of $433 million, compared to a $1.72 billion net loss for the year-ago quarter. US airlines rebounded with a $1.28 billion improvement for the first quarter, year-over-year.

BTS, however, also noted it was the second consecutive quarterly net loss after two quarterly profits as a group. The 10 airlines—ranked by total number of passengers carried in the first quarter—carried 80.6% of US passengers during the first quarter. They are: Delta Air Lines, Southwest Airlines, United Airlines, American Airlines, US Airways, ExpressJet, JetBlue Airways, SkyWest Airlines, Alaska Airlines and AirTran Airways, which began reporting jointly with Southwest in the second quarter of 2012.

First-quarter revenue for the 10 largest US airlines was $34.1 billion. US passenger airlines collected a total of $800 million in baggage fees and $685 million from reservation change fees for the three-month period.

Operating expenses for the first quarter of 2013 totaled $33.7 billion ($9.6 billion, or 28.6%, went to fuel costs), leaving an operating profit margin of $438 million, or 1.3%, up from the 0.7% margin of first quarter 2012. The 10 airlines have seen an operating profit margin as a group in each of the last eight quarters.

via DOT: US airlines on upward financial track, but margins less than 1.5% | Finance & Data content from ATWOnline.

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