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1st-Quarter 2010 Airline Financial Data: Low-Cost and Regional Airlines Report Profits, Network Carriers Report Loss

1st-Quarter 2010 Airline Financial Data: Low-Cost and Regional Airlines Report Profits, Network Carriers Report Loss

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BTS 31-10
Dave Smallen
202-366-5568

Monday, June 28, 2010 - Low-cost and regional airline groups reported operating profits in the first quarter of 2010 while the network airline group posted a second consecutive quarterly loss (Table 1), the U.S. Department of Transportation's Bureau of Transportation Statistics (BTS) reported today in a release of preliminary data.

From January to March, the airlines collected $769 million in baggage fees (Table 1A) and $554 million from reservation change fees (Table 1B). Other ancillary fees, such as revenue from seating assignments and on-board sales of food, drink, pillows, blankets, and entertainment are reported in a different category with other items.

Airlines also reported revenue of $534 million from other ancillary revenue, from passengers and from other sources. This revenue category includes revenue from frequent flyer award program mileage sales and pet transportation fees (Table 1C). Total first quarter 2010 airline revenue from all ancillary sources was $1,857 million, with Delta reporting the most, $592 million (Table 1D).

The combined passenger fees and ancillary revenue from other sources constituted 6.2 percent of the total revenue of the 28 carriers that reported receiving ancillary revenue (Table 1E). Spirit Airlines' reported the largest percent of operating revenue from ancillary revenue of any carrier, 21.7 percent. For additional Miscellaneous Operating Revenue data, go to BTS Schedule P-12

Operating Margins

The six network carriers posted a loss margin of 0.7 percent in the first quarter with a combined operating loss of $163 million (Table 2). In the first quarter of 2009, these carriers reported a loss margin of 4.0 percent with a loss of $867 million.

The seven low-cost carriers reported a 2.4 percent profit margin with profits of $115 million. The six reporting regional carriers posted a 3.9 percent profit margin of $60 million.

See Airline Financial Data Press Releases for historic data. Operating margin measures profit or loss as a percentage of the airline's total operating revenue.

The top three operating profit margins were reported by low-cost carriers Allegiant Air and Spirit and regional carrier Comair (Tables 3, 4). Low-cost carrier Virgin America reported the largest loss margin. The only other operating losses were reported by network carriers American Airlines, US Airways and Continental Airlines, low-cost carrier Frontier Airlines and regional carrier ExpressJet Airlines (Table 2, 3, 4).

Network carriers operate a significant portion of their flights using at least one hub where connections are made for flights on a spoke system. Low-cost carriers are those that the industry recognizes as operating under a low-cost business model, with lower infrastructure and aircraft operatingcosts. Regional carriers provide service from small cities, using primarily regional jets to support the network carriers' hub and spoke systems. The selected groups consist of those airlines in each group with the highest reportedoperatingrevenue in the most recent 12-month period.

Fuel Expenses

The six network airlines spent 23.3 percent of their operating expenses in the first quarter of 2010 on fuel, compared to 19.4 percent in the first quarter of 2005 (Table 6).

The network carriers spent 3.43 cents per available seat-mile (ASM) for fuel in the first quarter of 2010, up from 3.26 cents per ASM in the fourth quarter of 2009 and up from 3.08 cents per ASM in the first quarter of 2009 (Table 5).

Regional carriers American Eagle Airlines and Horizon Air and low-cost carrier Allegiant spent the most for fuel per ASM while regional carriers ExpressJet, Atlantic Southeast Airlines andComair spent the least (Tables 6, 7, 8).

ExpressJet's fuel expenses have been assumed by Continental for operations that the mainline carrier has directed its regional partner to fly. United Airlines has assumed similar expenses for its regional partner Atlantic Southeast and Delta has taken over fuel expenses for its regional subsidiary Comair.

For airline fuel expenses, see Tables 5-8. For additional detail on airline fuel cost and consumption, see the BTS Airline Fuel Cost and Consumption web page.

Unit Costs

Unit costs for the network carriers increased from 13.9 cents per ASM in the first quarter of 2009 to 14.7 cents per ASM in the first quarter of 2010 (Table 9).

The carriers with the highest unit costs were regional airlines Horizonand American Eagle and network carrier US Airways. The lowest unit costs were reported by regional carrierExpressJet and low-cost carriers Allegiant and Spirit (Tables 10-12).

Unit Revenues

The six network carriers' unit revenues in the first quarter of 2010 were 14.6 cents per ASM compared to 13.4 cents in the first quarter of 2009 (Table 13).

The highest unit revenues were reported by regional carriers Horizon andAmerican Eagle and network carrier US Airways. The lowest unit revenues were reported by regional carrier ExpressJet and low-cost carriers Virgin America and Frontier (Tables 14-16).

Passenger Yield

The six network airlines' passenger yield was 12.6 cents per revenue passenger-mile (RPM) in the first quarter of 2010, up from 12.0 cents per RPM in the first quarter of 2009 (Table 17). Passenger revenue yield measures passenger revenues against total travel by dividing passenger revenues by RPMs.

The top passenger revenue yields were reported by regional carriers AmericanEagle, Horizon and Comair. The lowest passenger revenue yields were reported by regional carrierExpressJet and low-cost carriers Allegiant and Frontier. American reported the highest passenger yield of any network carrier (Tables 18-20).

Reporting Notes

Mesa Airlines requested confidentiality for its first quarter 2010 financial report. The numbers are being withheld pending a decision on the motion. The tables in this release include Mesa's previous quarterly data.

This release consists of domestic plus international, or system, financial reports for the airlines. For additional revenue and operating profit/loss numbers, go to the BTS home page and use the links in the Airline Industry box.

Airline financial data from the first quarter of 2010 and previous quarters are posted on the BTS website at TranStats, the Intermodal Transportation Database, http://www.transtats.bts.gov/Fields.asp?Table_ID=295. Data are compiled from quarterly financial and monthly traffic reports filed with BTS by commercial air carriers.

Financial and traffic data are preliminary and include data received by BTS as of June 15. Revised carrier data and late data filings will be made available monthly on TranStats on the Monday following the second Tuesday of the month.Data are subject to revision. BTS will release second quarter 2010 financial data on Sept. 20.

Table 1: Passenger Airline System* Quarterly Operating Profit/Loss Margin (In Percent)

Ranked by 1st Quarter 2010 Margin

(Operating Profit/Loss as Percent of Total Operating Revenue)

Excel | CSV

1Q 2010 Rank Airline Group 1st Quarter 2009 (%) 2nd Quarter 2009 (%) 3rd Quarter 2009 (%) 4th Quarter 2009 (%) 1st Quarter 2010 (%) 1st Quarter Operating Profit/Loss $(Millions)
1 Regional 2.9 7.0 4.2 5.5 3.9 60
2 Low-Cost 4.3 7.2 8.3 3.9 2.4 115
3 Network -4.0 -0.5 1.4 -1.2 -0.7 -163
21-Carrier Total -2.4 1.2 2.3 0.2 0.0 12

Source: Bureau of Transportation Statistics; Form 41, Schedule P1.2

* System = domestic + international

Table 1A: Baggage Fee Collections

Ranked by 1st Quarter 2010 Baggage Fee Revenue

Dollars in Millions (000,000)

Excel | CSV

1Q 2010 Rank Airline 1st Quarter 2009 2nd Quarter 2009 3rd Quarter 2009 4th Quarter 2009 1st Quarter 2010 Percent Change 1Q 2009-1Q 2010 (%)
1 Delta* 102.8 118.4 129.5 131.1 217.8 111.9
2 American 108.1 118.4 119.5 129.2 128.5 18.9
3 US Airways 94.2 104.1 111.4 122.5 120.7 28.1
4 Continental 55.6 63.2 66.0 69.7 76.6 37.8
5 United 59.1 67.4 77.9 64.6 71.1 20.3
6 AirTran 30.9 40.5 40.2 34.3 35.0 13.3
7 Alaska 5.4 6.2 25.2 21.8 21.2 292.6
8 Spirit N/A 16.2 16.4 14.3 16.0 N/A
9 Allegiant 11.6 12.0 10.3 10.2 14.8 27.6
10 Frontier 12.5 13.5 14.9 14.4 13.9 11.2
Industry Total** 577.9 669.6 739.8 736.1 768.5 33.0

Source: Bureau of Transportation Statistics, Form 41; Schedule P1.2.

* Delta Air Lines, after completing its merger with Northwest Airlines, reported combined numbers for the first time in the first quarter of 2010. For previous Northwest reports, see Financial Press Releases

** 20 carriers reported baggage fee revenue in 1Q 2010

Note: For other carriers and additional historic data, see Passenger Baggage

Note: Percent changes based on numbers prior to rounding.

Note: Detail may not add to total.

Table 1B: Reservation Change Fee Collections

Ranked by 1st Quarter 2010 Reservation Change Fee Revenue

Dollars in Millions (000,000)

Excel | CSV

1Q 2010 Rank Airline 1st Quarter 2009 2nd Quarter 2009 3rd Quarter 2009 4th Quarter 2009 1st Quarter 2010 Percent Change 1Q 2009-1Q 2010 (%)
1 Delta* 86.9 100.7 112.0 106.5 165.3 90.2
2 American 115.9 109.6 120.4 104.0 114.4 -1.3
3 United 78.1 81.1 79.4 71.2 74.7 -4.4
4 US Airways 66.5 64.0 61.0 57.3 62.7 -5.7
5 Continental 59.6 59.8 56.0 52.6 58.9 -1.2
6 JetBlue 32.2 30.0 28.7 30.4 25.8 -19.9
7 AirTran 4.8 12.3 12.2 13.5 14.2 195.8
8 Alaska 16.3 15.3 15.6 13.4 13.5 -17.2
9 Spirit 5.8 5.9 5.9 5.9 5.6 -3.4
10 Virgin America 3.0 3.0 3.0 3.8 4.5 50.0
Industry Total** 587.5 606.5 613.5 563.7 553.9 -5.7

Source: Bureau of Transportation Statistics, Form 41; Schedule P1.2.

* Delta Air Lines, after completing its merger with Northwest Airlines, reported combined numbers for the first time in the first quarter of 2010. For previous Northwest reports, see Financial Press Releases

** 19 carriers reported reservation cancellation fee revenue in 1Q 2010

Note: For other carriers and additional historic data, see Reservation Cancellation Fees

Note: Percent changes based on numbers prior to rounding.

Note: Detail may not add to total.

Table 1C: Miscellaneous Operating Revenue*

Ranked by 1st Quarter 2010 Miscellaneous Operating Revenue

Dollars in Millions (000,000)

Excel | CSV

1Q 2010 Rank Airline 1st Quarter 2009 2nd Quarter 2009 3rd Quarter 2009 4th Quarter 2009 1st Quarter 2010 Percent Change 1Q 2009-1Q 2010 (%)
1 Delta** 177.7 187.9 206.0 188.1 209.0 17.6
2 Southwest 143.0 148.2 148.4 150.4 160.7 12.4
3 US Airways 60.6 60.1 58.4 51.9 54.7 -9.7
4 Spirit 30.6 14.7 14.5 15.9 18.4 -39.9
5 American Eagle 17.4 18.4 21.3 20.1 18.1 4.0
6 AirTran 20.2 12.9 15.6 13.3 13.3 -34.2
7 United 9.1 10.0 11.2 10.4 9.6 5.5
8 ExpressJet 7.3 7.1 6.8 7.2 7.5 2.7
9 American Eagle 7.5 6.1 6.3 6.7 7.3 -2.7
10 Continental 28.8 13.1 8.5 6.9 7.2 -75.0
Industry Total*** 709.9 673.4 736.5 611.3 534.4 -24.7

Source: Bureau of Transportation Statistics, Form 41; Schedule P1.2.

* Miscellaneous operating revenue includes pet transportation, sale of frequent flyer award miles to airline business partners and standby passenger fees.

** Delta Air Lines, after completing its merger with Northwest Airlines, reported combined numbers for the first time in the first quarter of 2010. For previous Northwest reports, see Financial Press Releases

*** 28 carriers reported miscellaneous operating revenue in 1Q 2010

Note: For other carriers and additional historic data, see Miscellaneous operating revenue

Note: Percent changes based on numbers prior to rounding.

Note: Detail may not add to total.

Table 1D: Ancillary Revenue*

Ranked by 1st Quarter 2010 Ancillary Revenue

Dollars in Millions (000,000)

Excel | CSV

1Q 2010 Rank Airline 1st Quarter 2009 2nd Quarter 2009 3rd Quarter 2009 4th Quarter 2009 1st Quarter 2010 Percent Change 1Q 2009-1Q 2010 (%)
1 Delta** 367.4 407.0 447.5 425.7 592.1 61.2
2 American 241.4 246.5 261.2 253.3 261.1 8.2
3 US Airways 221.3 228.2 230.8 231.8 238.1 7.6
4 Southwest 143.0 148.4 155.7 157.2 167.5 17.1
5 United 146.3 158.5 168.5 146.2 155.5 6.3
6 Continental 144.0 136.0 130.5 129.1 142.8 -0.8
7 AirTran 55.9 65.7 68.0 61.2 62.5 11.8
8 JetBlue 48.9 48.5 48.7 48.1 42.5 -13.1
9 Alaska 28.8 28.7 47.3 42.2 41.6 44.4
10 Spirit 36.4 36.8 36.8 36.1 40.0 9.1
Industry Total*** 1,875.3 1,949.5 2,089.8 1,911.1 1,856.9 -1.0

Source: Bureau of Transportation Statistics, Form 41; Schedule P1.2.

* Ancillary revenue includes baggage fees, reservation change fees and miscellaneous operating revenue, including pet transportation, sale of frequent flyer award miles to airline business partners and standby passenger fees. Revenue from seating assignments and on-board sales of food, drink, pillows, blankets, entertainment, or any other ancillary items are reported as Transport Related Revenue and cannot be identified separately.

** Delta Air Lines, after completing its merger with Northwest Airlines, reported combined numbers for the first time in the first quarter of 2010. For previous Northwest reports, see Financial Press Releases

*** 28 carriers reported baggage fee, reservation change fee or miscellaneous operating revenue in 1Q 2010

Note: For other carriers and additional historic data, see Passenger Baggage Fees, Reservation Cancellation Fees or Miscellaneous Operating Revenues

Note: Percent changes based on numbers prior to rounding.

Note: Detail may not add to total.

Table 1E: Ancillary Revenue Compared to Total Operating Revenue*

Ranked by Percent of 1st Quarter 2010 Operating Revenue from Ancillary Revenue

Excel | CSV

1Q 2010 Rank Airline 1st Quarter 2009 2nd Quarter 2009 3rd Quarter 2009 4th Quarter 2009 1st Quarter 2010 Percentage Point Change 1Q 2009-1Q 2010 (%)
1 Spirit 21.4 20.5 20.6 21.0 21.7 0.3
2 AirTran 10.3 10.9 11.4 10.2 10.3 0.0
3 Allegiant 9.5 12.2 9.3 8.8 9.9 0.4
4 US Airways 8.7 8.3 8.2 8.6 8.7 0.0
5 Delta** 8.7 9.0 9.3 9.5 8.6 -0.1
6 Hawaiian 6.6 7.1 6.7 6.7 6.6 0.0
7 Southwest 6.1 5.7 5.9 5.8 6.4 0.3
8 Sun Country 7.8 5.5 7.5 6.2 6.4 -1.4
9 Frontier 6.0 6.0 6.3 6.6 6.1 0.1
10 Alaska 4.5 4.0 6.6 5.9 5.6 1.1
Industry Total** 6.5 6.8 6.9 6.5 6.2 -0.3

Source: Bureau of Transportation Statistics, Form 41; Schedule P1.2.

* Ancillary revenue includes baggage fees, reservation change fees and miscellaneous operating revenue, including pet transportation, sale of frequent flyer award miles to airline business partners and standby passenger fees. Revenue from seating assignments and on-board sales of food, drink, pillows, blankets, entertainment, or any other ancillary items are reported as Transport Related Revenue and cannot be identified separately.

** Delta Air Lines, after completing its merger with Northwest Airlines, reported combined numbers for the first time in the first quarter of 2010. For previous Northwest reports, see Financial Press Releases

*** 28 carriers reported baggage fee, reservation change fee or miscellaneous operating revenue in 1Q 2010

Note: For other carriers and additional historic data, see Passenger Baggage Fees, Reservation Cancellation Fees or Miscellaneous Operating Revenues

Note: Percent changes based on numbers prior to rounding.

Table 2: Network Airline System* Quarterly Operating Profit/Loss Margin (In Percent)

Ranked by 1st Quarter 2010 Margin

(Operating Profit/Loss as Percent of Total Operating Revenue)

Excel | CSV

1Q 2010 Rank Network Airlines 1st Quarter 2009 (%) 2nd Quarter 2009 (%) 3rd Quarter 2009 (%) 4th Quarter 2009 (%) 1st Quarter 2010 (%) 1st Quarter Operating Profit/Loss $(Millions)
1 Alaska 1.0 4.2 16.8 3.4 5.2 38
2 United -3.7 4.3 2.9 1.9 2.2 94
3 Delta -10.0 -3.5 1.4 -2.1 1.6 107
4 US Airways -1.0 4.4 0.1 1.0 -0.4 -10
5 Continental -3.1 -5.2 1.3 -0.2 -2.3 -71
6 American -4.7 -5.3 -4.8 -8.5 -6.4 -322
7 Northwest 0.9 5.4 6.9 4.5 N/A N/A
7-Carrier Total -4.0 -0.5 1.4 -1.2 -0.7 -163

Source: Bureau of Transportation Statistics; Form 41, Schedule P1.2

* System =domestic + international

Table 3: Low-Cost System* Quarterly Operating Profit/Loss Margin (In Percent)

Ranked by 1st Quarter 2010 Margin

(Operating Profit/Loss as Percent of Total Operating Revenue)

Excel | CSV

1Q 2010 Rank Low-Cost Airlines 1st Quarter 2009 (%) 2nd Quarter 2009 (%) 3rd Quarter 2009 (%) 4th Quarter 2009 (%) 1st Quarter 2010 (%) 1st Quarter Operating Profit/Loss $(Millions)
1 Allegiant 30.1 23.8 14.4 11.7 20.0 33
2 Spirit 17.1 17.3 14.6 12.4 13.1 24
3 JetBlue 9.1 7.9 7.7 7.6 4.8 42
4 Southwest -2.1 4.7 0.8 6.2 2.1 54
5 AirTran 8.8 11.0 6.2 4.4 0.5 3
6 Frontier 8.4 9.5 10.3 -4.6 -8.1 -22
7 Virgin America -36.7 -8.4 3.2 -8.2 -13.1 -19
7-Carrier Total 2.9 7.0 4.2 5.5 2.4 115

Source: Bureau of Transportation Statistics; Form 41, Schedule P1.2

* System =domestic + international

Table 4: Regional Airline System* Quarterly Operating Profit/Loss Margin (In Percent)

Ranked by 1st Quarter 2010 Margin

(Operating Profit/Loss as Percent of Total Operating Revenue)

Excel | CSV

1Q 2010 Rank Regional Airlines 1st Quarter 2009 (%) 2nd Quarter 2009 (%) 3rd Quarter 2009 (%) 4th Quarter 2009 (%) 1st Quarter 2010 (%) 1st Quarter Operating Profit/Loss $(Millions)
1 Comair 7.9 16.2 3.8 -5 8.4 9
2 Atlantic Southeast 4.0 7.7 10.7 8.1 8.1 15
3 SkyWest 6.8 8.7 9.2 7.6 5.8 26
4 American Eagle 6.6 7.1 11.8 7.4 5.2 24
5 Horizon 1.4 7.0 13.7 4.3 0.9 1
6 ExpressJet -7.0 -6.1 -4.7 -9.9 -7.8 -15
7 Mesa** 0.9 4.3 5.5 0.7 N/A N/A
7-Carrier Total 4.3 7.2 8.0 3.9 3.9 60

Source: Bureau of Transportation Statistics; Form 41, Schedule P1.2

* System = domestic + international

**Mesa has requested confidentiality for its 1st Quarter 2010 Form 41 Financial Data

Table 5: Passenger Airline System* Fuel Costs Per Available Seat-Mile

Ranked by 1st Quarter 2010 Fuel Cost Per ASM (Cents Per ASM)

(Fuel Expense Per Available Seat Mile in cents)

Excel | CSV

1Q 2010 Rank Airline Group 1st Quarter 2005 1st Quarter 2009 4th Quarter 2009 1st Quarter 2010 Pct. Change 1Q 2005-1Q 2010 Percent Of Operating Costs for Fuel 1st Quarter Fuel Expense $(Millions)
2005 2010
1 Network 2.40 3.08 3.26 3.43 42.9 19.4 23.3 5,345
2 Low-Cost 1.74 2.69 3.20 3.34 92.0 22.1 31.6 1,504
3 Regional 3.26 2.40 2.46 2.00 -38.7 24.4 6.2 251
21-Carrier Total 2.35 2.93 3.20 3.33 41.7 20.0 22.4 7,100

Source: Bureau of Transportation Statistics, Form 41; Schedule P6

* System =domestic + international

Table 6: Network Airline System* Fuel Costs Per Available Seat-Mile

Ranked by 1st Quarter 2010 Fuel Fuel Cost Per ASM (Cents Per ASM)

(Fuel Expense Per Available Seat Mile in cents)

Excel | CSV

1Q 2010 Rank Network Airlines 1st Quarter 2005 1st Quarter 2009 4th Quarter 2009 1st Quarter 2010 Pct. Change 1Q 2005-1Q 2010 Percent Of Operating Costs for Fuel 1st Quarter Fuel Expense $(Millions)
2005 2010
1 Delta 2.38 4.63 3.48 3.69 55.0 18.8 24.8 1,681
2 American 2.33 3.12 3.58 3.61 54.9 20.8 24.7 1,331
3 United 2.35 2.66 3.03 3.36 43.0 19.4 23.1 958
4 US Airways 2.46 2.20 3.04 3.20 30.1 18.6 19.4 531
5 Continental 2.26 2.61 2.86 3.02 33.6 16.8 21.4 681
6 Alaska 2.32 2.11 2.85 2.93 26.3 21.0 23.2 163
7 Northwest 2.71 2.91 3.51 N/A N/A 20.1 N/A N/A
7-Carrier Total 2.40 3.08 3.26 3.43 42.9 19.4 23.3 5,345

Source: Bureau of Transportation Statistics, Form 41; Schedule P6

* System =domestic + international

Table 7: Low-Cost Airline System* Fuel Costs Per Available Seat-Mile

Ranked by 1st Quarter 2010 Fuel Cost Per ASM (Cents Per ASM)

(Fuel Expense Per Available Seat Mile in cents)

Excel | CSV

1Q 2010 Rank Low-Cost Airlines 1st Quarter 2005 1st Quarter 2009 4th Quarter 2009 1st Quarter 2010 Pct. Change 1Q 2005-1Q 2010 Percent Of Operating Costs for Fuel 1st Quarter Fuel Expense $(Millions)
2005 2010
1 Allegiant 2.78 2.57 3.68 3.80 36.7 36.6 43.7 57
2 Southwest 1.52 2.88 3.37 3.62 138.2 19.8 31.9 821
3 AirTran 2.38 2.40 3.29 3.43 44.1 26.8 32.4 195
4 JetBlue 1.65 2.79 2.91 3.02 83.0 24.9 30.7 254
5 Spirit 2.58 1.99 2.69 2.96 14.7 29.9 33.7 54
6 Virgin America N/A 1.90 2.86 2.94 N/A N/A 31.3 52
7 Frontier 2.13 2.11 2.76 2.21 3.8 20.9 24.2 71
7-Carrier Total 1.74 2.69 3.20 3.34 92.0 22.1 31.6 1,504

Source: Bureau of Transportation Statistics, Form 41; Schedule P6

* System =domestic + international

Table 8: Regional Airline System* Fuel Costs Per Available Seat-Mile

Ranked by 1st Quarter 2010 Fuel Cost Per ASM (Cents Per ASM)

(Fuel Expense Per Available Seat Mile in cents)

Excel | CSV

1Q 2010 Rank Regional Airlines 1st Quarter 2005 1st Quarter 2009 4th Quarter 2009 1st Quarter 2010 Pct. Change 1Q 2005-1Q 2010 Percent Of Operating Costs for Fuel 1st Quarter Fuel Expense $(Millions)
2005 2010
1 American Eagle 3.95 4.80 5.60 5.71 44.6 26.7 30.8 136
2 Horizon 2.45 2.94 4.04 4.10 67.3 14.6 20.7 33
3 SkyWest 3.66 2.16 1.55 1.82 -50.3 26.6 17.0 72
4 ExpressJet 1.77 0.13 0.12 0.32 -81.9 14.4 4.4 9
5 Atlantic Southeast 3.74 3.93 0.02 0.09 -97.6 27.5 0.9 1
6 Comair 4.08 3.63 5.13 0.00 N/A 29.5 0.0 0
7 Mesa** 3.04 2.72 3.80 N/A N/A 28.6 N/A N/A
7-Carrier Total 3.26 2.40 2.46 2.00 -38.7 24.4 6.2 251

Source: Bureau of Transportation Statistics, Form 41; Schedule P6

* System =domestic + international

**Mesa has requested confidentiality for its 1st Quarter 2010 Form 41 Financial Data

Table 9: Passenger Airline System* Unit Costs

Ranked by 1st Quarter 2010 Unit Costs (Cents Per ASM)

(Operating Expenses per Available Seat Mile in cents)

Excel | CSV

1Q 2010 Rank Airline Group 1st Quarter 2009 2nd Quarter 2009 3rd Quarter 2009 4th Quarter 2009 1st Quarter 2010 1st Quarter Operating Expenses $(Millions)
1 Network 13.9 13.5 13.7 14.9 14.7 22,915
2 Regional 13.3 12.4 11.8 12.5 11.8 1,486
3 Low-Cost 9.5 9.3 9.9 10.3 10.6 4,754
21-Carrier Total 13.0 12.6 12.8 13.8 13.7 29,155

Source: Bureau of Transportation Statistics; Form 41, Schedule P1.2. T100; T2 Data

* System =domestic + international

Table 10: Network Airline System* Unit Costs Network Carriers

Ranked by 1st Quarter 2010 Unit Costs (Cents Per ASM)

(Operating Expenses per Available Seat Mile in cents)

Excel | CSV

1Q 2010 Rank Network Airlines 1st Quarter 2009 2nd Quarter 2009 3rd Quarter 2009 4th Quarter 2009 1st Quarter 2010 1st Quarter Operating Expenses $(Millions)
1 US Airways 15.1 14.4 15.0 16.0 16.5 2,733
2 Delta 15.8 15.3 14.2 15.8 14.9 6,772
3 United 12.8 12.2 13.4 14.2 14.7 4,149
4 American 13.4 13.3 13.9 14.9 14.6 5,385
5 Continental 13.2 13.4 12.8 13.9 14.1 3,177
6 Alaska 11.7 12.3 11.7 12.7 12.6 700
7 Northwest 14.4 12.6 13.1 15.3 N/A N/A
7-Carrier Total 13.9 13.5 13.7 14.9 14.7 22,915

Source: Bureau of Transportation Statistics; Form 41; Schedule P1.2. T100; T2 Data

* System =domestic + international

Table 11: Low-Cost Airline System* Unit Costs

Ranked by 1st Quarter 2010 Unit Costs (Cents Per ASM)

(Operating Expenses per Available Seat Mile in cents)

Excel | CSV

1Q 2010 Rank Low-Cost Airlines 1st Quarter 2009 2nd Quarter 2009 3rd Quarter 2009 4th Quarter 2009 1st Quarter 2010 1st Quarter Operating Expenses $(Millions)
1 Southwest 9.9 9.7 10.7 10.8 11.4 2,576
2 AirTran 9.2 9.0 9.1 9.9 10.6 602
3 JetBlue 9.0 9.0 9.4 9.6 9.8 828
4 Virgin America 9.2 8.7 8.6 9.5 9.4 166
5 Frontier 9.2 9.1 9.9 11.1 9.1 292
6 Spirit 7.8 7.8 7.9 8.2 8.8 160
7 Allegiant 7.4 7.6 8.3 9.2 8.7 131
7-Carrier Total 9.5 9.3 9.9 10.3 10.6 4,754

Source: Bureau of Transportation Statistics; Form 41; Schedule P1.2. T100; T2 Data

* System =domestic + international

Table 12: Regional Airline System* Unit Costs

Ranked by 1st Quarter 2010 Unit Costs (Cents Per ASM)

(Operating Expenses per Available Seat Mile in cents)

Excel | CSV

1Q 2010 Rank Regional Airlines 1st Quarter 2009 2nd Quarter 2009 3rd Quarter 2009 4th Quarter 2009 1st Quarter 2010 1st Quarter Operating Expenses $(Millions)
1 Horizon 18.4 17.7 18.0 19.9 20.0 16
2 American Eagle 17.2 16.5 16.2 19.1 19.6 441
3 SkyWest 11.4 10.9 9.9 10.4 11.3 424
4 Atlantic Southeast 14.1 12.7 9.1 9.7 10.8 167
5 Comair 19.9 16.8 21.0 15.2 10.8 94
6 ExpressJet 7.4 6.9 6.7 7.1 6.7 203
7 Mesa** 12.8 12.2 12.5 14.1 N/A N/A
7-Carrier Total 13.3 12.4 11.8 12.5 11.8 1,486

Source: Bureau of Transportation Statistics; Form 41; Schedule P1.2. T100; T2 Data

* System =domestic + international

**Mesa has requested confidentiality for its 1st Quarter 2010 Form 41 Financial Data

Table 13: Passenger Airline System* Unit Revenue

Ranked by 1st Quarter 2010 Unit Revenue (Cents Per ASM)

(Operating Revenue Per Available Seat Mile in cents)

Excel | CSV

1Q 2010 Rank Airline Group 1st Quarter 2009 2nd Quarter 2009 3rd Quarter 2009 4th Quarter 2009 1st Quarter 2010 1st Quarter Operating Revenue $(Millions)
1 Network 13.4 13.4 13.9 14.7 14.6 22,752
2 Regional 13.9 13.4 12.9 13.0 12.3 1,546
3 Low-Cost 9.8 10.0 10.4 10.9 10.8 4,869
21-Carrier Total 12.7 12.7 13.1 13.8 13.7 29,167

Source: Bureau of Transportation Statistics; Form 41, Schedule P1.2. T100; T2 Data

* System =domestic + international

Table 14: Network Airline System* Unit Revenue

Ranked by 1st Quarter 2010 Unit Revenue (Cents Per ASM)

(Operating Revenue Per Available Seat Mile)

Excel | CSV

1Q 2010 Rank Network Airlines 1st Quarter 2009 2nd Quarter 2009 3rd Quarter 2009 4th Quarter 2009 1st Quarter 2010 1st Quarter Operating Revenue $(Millions)
1 US Airways 14.9 15.0 15.0 16.1 16.4 2,723
2 Delta 14.4 14.8 14.4 15.4 15.1 6,879
3 United 12.3 12.7 13.8 14.5 15.0 4,243
4 Continental 12.8 12.7 13.0 13.9 13.8 3,106
5 American 12.8 12.7 13.3 13.7 13.7 5,063
6 Alaska 11.8 12.8 14.1 13.1 13.3 738
7 Northwest 14.5 13.3 14.0 16.0 N/A N/A
7-Carrier Total 13.4 13.4 13.9 14.7 14.6 22,752

Source: Bureau of Transportation Statistics; Form 41, Schedule P1.2. T100; T2 Data

* System =domestic + international

Table 15: Low-Cost Airline System* Unit Revenue

Ranked by 1st Quarter 2010 Unit Revenue (Cents Per ASM)

(Operating Revenue Per Available Seat Mile)

Excel | CSV

1Q 2010 Rank Low-Cost Airlines 1st Quarter 2009 2nd Quarter 2009 3rd Quarter 2009 4th Quarter 2009 1st Quarter 2010 1st Quarter Operating Revenue $(Millions)
1 Southwest 9.7 10.2 10.7 11.5 11.6 2,630
2 Allegiant 10.6 9.9 9.7 10.6 10.9 164
3 AirTran 10.1 10.1 9.7 10.3 10.7 605
4 JetBlue 9.9 9.8 10.2 10.3 10.3 870
5 Spirit 9.4 9.4 9.2 10.4 10.1 184
6 Frontier 10.1 10.1 11.0 9.4 8.4 270
7 Virgin America 6.7 8.0 8.9 10.6 8.3 147
7-Carrier Total 9.8 10.0 10.4 10.9 10.8 4,869

Source: Bureau of Transportation Statistics; Form 41, Schedule P1.2. T100; T2 Data

* System =domestic + international

Table 16: Regional Airline System* Unit Revenue

Ranked by 1st Quarter 2010 Unit Revenue (Cents Per ASM)

(Operating Revenue Per Available Seat Mile)

Excel | CSV

1Q 2010 Rank Regional Airlines 1st Quarter 2009 2nd Quarter 2009 3rd Quarter 2009 4th Quarter 2009 1st Quarter 2010 1st Quarter Operating Revenue $(Millions)
1 Horizon 18.6 19.1 20.8 20.8 20.0 158
2 American Eagle 18.5 17.8 18.4 20.6 19.6 465
3 SkyWest 12.3 11.9 10.9 11.2 11.3 450
4 Comair 21.6 20.1 21.8 14.5 10.8 103
5 Atlantic Southeast 14.7 13.7 10.2 10.5 10.8 182
6 ExpressJet 6.9 6.5 6.4 6.4 6.7 188
7 Mesa** 12.9 12.7 13.2 14.2 N/A N/A
7-Carrier Total 13.9 13.4 12.9 13.0 12.3 1,546

Source: Bureau of Transportation Statistics; Form 41, Schedule P1.2. T100; T2 Data

* System =domestic + international

**Mesa has requested confidentiality for its 1st Quarter 2010 Form 41 Financial Data

Table 17: Airline System* Passenger Revenue Yield

Ranked by 1st Quarter 2010 Revenue Yield (Cents Per RPM)

(Passenger Revenue per Revenue Passenger Mile in cents)

Excel | CSV

1Q 2010 Rank Airline Group 1st Quarter 2009 2nd Quarter 2009 3rd Quarter 2009 4th Quarter 2009 1st Quarter 2010 1st Quarter Passenger Revenue $(Millions)
1 Regional 18.9 16.6 15.8 16.7 16.3 1,522
2 Network 12.0 11.0 11.2 12.1 12.6 15,642
3 Low-Cost 12.1 11.5 11.4 12.5 12.6 4,358
21-Carrier Total 12.4 11.4 11.5 12.5 12.8 21,522

Source: Bureau of Transportation Statistics; Form 41; Schedule P1.2. T100; T2 Data

* System =domestic + international

Table 18: Network Airline System* Passenger Revenue Yield

Ranked by 1st Quarter 2010 Revenue Yield (Cents Per RPM)

(Passenger Revenue per Revenue Passenger Mile in cents)

Excel | CSV

1Q 2010 Rank Network Airlines 1st Quarter 2009 2nd Quarter 2009 3rd Quarter 2009 4th Quarter 2009 1st Quarter 2010 1st Quarter Passenger Revenue $(Millions)
1 American 12.9 11.7 12.0 12.7 13.4 3,831
2 US Airways 11.7 10.8 10.9 12.2 12.7 1,655
3 United 11.2 10.7 11.2 11.9 12.4 2,870
4 Alaska 12.4 12.6 13.2 12.3 12.4 553
5 Delta 11.6 10.7 10.7 11.9 12.3 4,505
6 Continental 12.2 11.0 10.9 11.9 12.3 2,227
7 Northwest 12.2 10.6 10.4 11.8 N/A N/A
  7-Carrier Total 12.0 11.0 11.2 12.1 12.6 15,642

Source: Bureau of Transportation Statistics; Form 41; Schedule P1.2. T100; T2 Data

* System =domestic + international

Table 19: Low-Cost Airline System* Passenger Revenue Yield

Ranked by 1st Quarter 2010 Revenue Yield (Cents Per RPM)

(Passenger Revenue per Revenue Passenger Mile in cents)

Excel | CSV

1Q 2010 Rank Low-Cost Airlines 1st Quarter 2009 2nd Quarter 2009 3rd Quarter 2009 4th Quarter 2009 1st Quarter 2010 1st Quarter Passenger Revenue $(Millions)
1 Southwest 12.9 12.3 12.5 13.8 14.1 2,428
2 AirTran 12.0 11.2 10.3 11.9 12.4 542
3 JetBlue 11.7 11.0 10.9 11.7 12.1 785
4 Virgin America 8.7 8.6 9.4 9.4 9.9 132
5 Spirit 9.6 9.3 8.8 9.4 9.8 143
6 Allegiant 8.6 8.3 8.5 9.3 9.5 130
7 Frontier 11.9 10.8 10.3 10.1 8.1 198
  7-Carrier Total 12.1 11.5 11.4 12.5 12.6 4,358

Source: Bureau of Transportation Statistics; Form 41; Schedule P1.2. T100; T2 Data

* System =domestic + international

Table 20: Regional Airlines System* Passenger Revenue Yield

Ranked by 1st Quarter 2010 Revenue Yield (Cents Per RPM)

(Passenger Revenue per Revenue Passenger Mile in cents)

Excel | CSV

1Q 2010 Rank Regional Airlines 1st Quarter 2009 2nd Quarter 2009 3rd Quarter 2009 4th Quarter 2009 1st Quarter 2010 1st Quarter Passenger Revenue $(Millions)
1 American Eagle 26.8 23.1 24.4 27.8 27.8 457
2 Horizon 27.0 24.9 25.8 27.3 27.0 153
3 Comair 30.4 25.2 26.0 19.3 15.1 101
4 SkyWest 16.4 14.8 13.3 14.1 14.6 441
5 Atlantic Southeast 18.9 16.7 12.5 13.5 13.8 182
6 ExpressJet 9.2 7.9 7.7 7.9 9.0 188
7 Mesa** 17.3 15.6 16.5 18.6 N/A N/A
  7-Carrier Total 18.9 16.6 15.9 16.7 16.3 1,522

Source: Form 41; Schedule P1.2. T100; T2 Data

* System =domestic + international

**Mesa has requested confidentiality for its 1st Quarter 2010 Form 41 Financial Data