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2nd-Quarter 2011 Airline Financial Data: Network Airlines, Low-Cost Airlines and Regional Airlines All Report Profits

2nd-Quarter 2011 Airline Financial Data: Network Airlines, Low-Cost Airlines and Regional Airlines All Report Profits

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BTS 55-11
Dave Smallen
202-366-5568

Scheduled Passenger Airline Profit/Loss 1Q 2008-2Q 2011

Table Version | Excel | CSV

Scheduled Passenger Airline Profit/Loss 1Q 2008-2Q 2011

Monday, November 7, 2011 - Scheduled passenger airlines reported a profit margin of 5.1 percent in the second quarter of 2011, up from the 0.5 percent loss margin in the first quarter but a smaller profit margin than the 9.0 percent margin during the second quarter of 2010, BTS reported today in a release of preliminary data (Table 1).

BTS, a part of the Research and Innovative Technology Administration, reported that the network airlines reported an operating profit margin of 5.5 percent as a group in the April-to-June period. The low-cost group's profit margin was 4.2 percent (Table 1). See Airline Financial Data Press Releases for historic data.

As part of their second-quarter revenue, the airlines collected $887 million in baggage fees (Table 1A) and $612 million from reservation change fees (Table 1B) from April to June.

Scheduled Passenger Airline Revenue from Baggage, Reservation Change Fees 1Q 2008-2Q 2011

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Scheduled Passenger Airline Revenue from Baggage, Reservation Change Fees 1Q 2008-2Q 2011

In addition to baggage and reservation change fees, airlines reported ancillary revenue of $709 million from passengers and from other sources. This revenue category includes revenue from frequent flyer award program mileage sales and pet transportation fees (Table 1D). Total second quarter 2011 airline revenue from all ancillary sources that can be identified, including fees and frequent flyer sales was $2.208 billion, with Delta Air Lines reporting the most, $691 million (Table 1E).  

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 reported in a different category with other items and cannot be identified separately.

The combined baggage and reservation change fees from passengers combined with ancillary revenue from other sources constituted 5.5 percent of the total revenue of the 28 carriers that reported receiving ancillary revenue. Spirit Airlines reported the largest percent of operating revenue from ancillary revenue of any carrier, 29.7 percent (Table 1F). For additional Miscellaneous Operating Revenue data, go to BTS Schedule P-1.2.

Operating Margins

The six network carriers posted a profit margin of 5.5 percent in the second quarter with a combined operating profit of $1.6 billion (Table 2).  In the second quarter of 2010, the network carriers reported a profit margin of 9.0 percent with a profit of $2.4 billion.

The seven low-cost carriers reported a 4.2 percent profit margin, with profits of $283 million for the 11th consecutive profitable quarter (Table 3). The seven regional airlines reported a 2.5 percent profit margin that included profits of $49 million (Table 4).

Operating margin measures profit or loss as a percentage of the airlines total operating revenue. The top three operating profit margins of the three carrier groups were reported by network carriers Alaska Airlines and Continental and low-cost carrier Spirit Airlines (Tables 2, 3). Horizon Airlines reported the top loss margin of any carrier (Table 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 operating costs and with less reliance on the hub-and-spoke system. Regional carriers provide service from small cities, using primarily regional jets to support the network carriers hub and spoke systems. The selected network, low-cost and regional groups consist of those airlines in each group with the highest reported operating revenue in the most recent complete calendar year. 

For other second-quarter 2011 financial data with comparisons to previous quarters for carrier groups and for the largest network, low-cost and regional airlines, see the following tables: 

Operating Profit/Loss Margins 1-4

Baggage Fees Table 1A

Reservation Change Fees Table 1B

Fees Compared to Profit/Loss Table 1C

Miscellaneous Operating Revenue (frequent flyer award program mileage sales and pet transportation fees) Table 1D

Ancillary Revenue Table 1E

Ancillary Revenue Compared to Total Operating Revenue Table 1F

Fuel Costs 5-8

Unit Costs 9-12

Unit Revenues 13-16

Passenger Revenue Yield 17-20

For additional fee data, see tables for baggage fees and reservation change fees. For additional Miscellaneous Operating Revenue data, go to BTS Schedule P-1.2.

Reporting Notes

This release consists of domestic and 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 second quarter of 2011 and previous quarters are posted on the BTS website. 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 Oct. 20. 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.  

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

Ranked by 2nd Quarter 2011 Margin

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

Excel | CSV

2Q 2011 Rank Airline Group 2Q 2010 (%) 3Q 2010 (%) 4Q 2010 (%) 1Q 2011 (%) 2Q 2011 (%) 2nd Quarter Operating Profit/Loss $(Millions)
1 Network 9.0 10.5 2.6 -1.1 5.5 1,644
2 Low-Cost 9.9 11.0 5.1 1.5 4.2 283
3 Regional 6.4 7.4 2.2 2.2 2.5 49
  21-Carrier Total 9.0 10.4 3.0 -0.5 5.1 1,976

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

* System = domestic + international

Table 1A: Baggage Fee Collections

Ranked by 2nd Quarter 2011 Baggage Fee Revenue

Dollars in Millions (000,000)

Excel | CSV

2Q 2011 Rank Airline 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 Percent Change 2Q 2010-2Q 2011 (%)
1 Delta 256.0 259.5 219.1 198.0 226.3 -11.6
2 American 152.1 151.2 148.9 137.2 156.1 2.6
3 US Airways 135.6 131.8 125.5 120.9 134.8 -0.6
4 Continental 91.0 90.5 83.5 76.3 91.3 0.3
5 United 84.8 83.9 73.4 66.2 71.1 -16.2
6 AirTran 39.2 38.1 39.8 39.3 46.1 17.6
7 Alaska 25.4 34.4 28.0 36.2 40.3 58.7
8 Spirit 16.8 22.9 25.7 28.2 34.4 104.8
9 Frontier 15.5 14.7 18.0 16.7 18.0 16.1
10 JetBlue 14.0 15.5 13.7 14.3 15.9 13.6
  Industry Total* 891.8 906.4 828.8 783.7 886.7 -0.6

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

* 17 carriers reported baggage fee revenue in 2Q 2011

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 2nd Quarter 2011 Reservation Change Fee Revenue

Dollars in Millions (000,000)

Excel | CSV

2Q 2011 Rank Airline 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 Percent Change 2Q 2010-2Q 2011 (%)
1 Delta 181.8 183.3 168.2 190.6 201.4 10.8
2 American 121.0 117.7 118.3 123.4 126.6 4.6
3 United 83.7 84.7 78.5 84.0 80.8 -3.5
4 US Airways 65.6 63.6 61.2 70.8 71.9 9.6
5 Continental 61.1 61.0 56.4 59.9 61.1 0.0
6 JetBlue 30.0 29.0 29.3 30.3 30.9 3.0
7 AirTran 12.2 11.9 12.1 11.7 13.5 10.7
8 Spirit 5.4 5.6 6.5 6.1 6.3 16.7
9 Frontier 4.3 4.1 4.6 5.7 6.3 46.5
10 Virgin America 4.4 4.4 4.8 5.1 5.1 15.9
  Industry Total* 593.6 590.4 559.5 597.8 612.4 3.2

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

* 17 carriers reported reservation cancellation fee revenue in 2Q 2011

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 Scheduled Passenger Airline Profit/Loss and Revenue from Baggage, Reservation Change Fees 1Q 2008-2Q 2011

Dollars in Millions (000,000)

Excel | CSV

  Profit/Loss* Fee Revenue**
1Q 2008 -1,324 499
2Q 2008 -1,663 577
3Q 2008 -1,578 784
4Q 2008 -1,397 958
1Q 2009 -659 1,165
2Q 2009 361 1,276
3Q 2009 685 1,353
4Q 2009 61 1,307
1Q 2010 12 1,322
2Q 2010 3,088 1,485
3Q 2010 3,740 1,497
4Q 2010 1,003 1,388
1Q 2011 -160 1,382
2Q 2011 1976 1,499

Source: Bureau of Transportation Statistics, Schedule P 1.2

*Profit/Loss of the 6 network, 7 low-cost and 7 regional airlines with highest revenue. Includes 5 airlines that did not report fees.

** Fee revenue for airlines reporting either baggage or reservation change fees. 18 airlines reported fees in 2Q 2011. Includes 4 airlines not listed in profit/loss column. 14 airlines are included in both columns.

Table 1D: Miscellaneous Operating Revenue*

Ranked by 2nd Quarter 2011 Miscellaneous Operating Revenue

Dollars in Millions (000,000)

Excel | CSV

2Q 2011 Rank Airline 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 Percent Change 2Q 2010-2Q 2011 (%)
1 Delta 243.8 250.3 240.5 270.0 263.7 8.2
2 Southwest 193.7 205.0 216.7 205.2 215.1 11.0
3 US Airways 54.4 53.7 47.5 46.8 42.3 -22.2
4 Spirit 19.7 26.7 35.6 32.8 41.2 109.1
5 Alaska 8.2 8.9 9.4 23.2 23.4 185.4
6 American 19.2 23.0 19.3 17.1 20.7 7.8
7 AirTran 14.1 14.2 16.3 13.4 15.9 12.8
8 United 10.6 11.5 9.8 10.6 13.2 24.5
9 American Eagle 10.0 11.3 10.5 10.6 10.6 6.0
10 Continental 8.5 9.0 7.0 8.6 9.8 15.3
  Industry Total** 618.4 654.0 643.8 681.4 709.3 14.7

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.

** 27 carriers reported miscellaneous operating revenue in 2Q 2011

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 1E: Ancillary Revenue*

Ranked by 2nd Quarter 2011 Ancillary Revenue

Dollars in Millions (000,000)

Excel | CSV

2Q 2011 Rank Airline 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 Percent Change 2Q 2010-2Q 2011 (%)
1 Delta 681.6 693.1 627.7 658.6 691.3 1.4
2 American 292.3 291.8 286.5 277.7 303.4 3.8
3 US Airways 255.6 249.0 234.1 238.5 253.9 -0.7
4 Southwest 201.7 212.7 224.0 212.6 223.5 10.8
5 United 179.1 180.1 161.7 160.8 165.1 -7.8
6 Continental 160.7 160.5 146.9 144.8 162.2 0.9
7 Spirit 41.9 55.3 67.8 67.2 82.0 95.7
8 AirTran 65.5 64.3 68.1 64.3 75.6 15.4
9 Alaska 46.3 56.6 48.3 63.3 65.5 41.5
10 JetBlue 47.7 49.3 47.2 48.4 51.8 8.6
  Industry Total** 2,103.8 2,150.8 2,032.1 2,062.9 2,208.4 5.0

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.

** 28 carriers reported baggage fee, reservation change fee or miscellaneous operating revenue in 2Q 2011 (the sum of all carriers that reported in any one of the three categories).

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 1F: Ancillary Revenue Compared to Total Operating Revenue*

Ranked by Percent of 2nd Quarter 2011 Operating Revenue from Ancillary Revenue

Excel | CSV

2Q 2011 Rank Airline 2Q 2010 (%) 3Q 2010 (%) 4Q 2010 (%) 1Q 2011 (%) 2Q 2011 (%) Percentage Point Change 2Q 2010-2Q 2011
1 Spirit 24.2 26.9 31.4 28.9 29.7 5.5
2 Allegiant 9.9 9.7 8.8 8.7 9.8 -0.1
3 AirTran 9.3 9.6 10.6 9.6 9.3 0.0
4 Delta 8.3 7.7 8.0 8.5 7.5 -0.8
5 Frontier 7.0 5.8 8.4 9.2 7.1 0.1
6 US Airways 7.9 7.7 7.9 7.9 7.1 -0.8
7 Virgin America 7.7 7.6 8.0 7.5 6.6 -1.1
8 Southwest 6.4 6.7 7.2 6.9 6.2 -0.2
9 Alaska 6.3 7.4 5.6 6.6 5.9 -0.4
10 Hawaiian 6.7 6.5 6.1 5.9 5.7 -1.0
  Industry Total*** 6.0 5.8 6.1 6.2 5.5 -0.5

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.

** 28 carriers reported baggage fee, reservation change fee or miscellaneous operating revenue in 2Q 2011 (the sum of all carriers that reported in any one of the three categories).

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 2nd Quarter 2011 Margin

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

Excel | CSV

2Q 2011 Rank Network Airlines 2Q 2010 (%) 3Q 2010 (%) 4Q 2010 (%) 1Q 2011 (%) 2Q 2011 (%) 2nd Quarter Operating Profit/Loss $(Millions)
1 Alaska 15.5 20.0 10.5 4.8 11.9 132
2 Continental 8.7 10.8 -1.1 0.8 8.7 374
3 United 10.2 10.5 1.7 0.2 7.9 441
4 Delta 11.2 13.3 5.0 -1.0 6.9 634
5 US Airways 11.1 9.6 4.0 -1.0 5.0 179
6 American 2.8 5.0 0.4 -4.8 -1.9 -116
  6-Carrier Total 9.0 10.5 2.6 -1.1 5.5 1,644

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 2nd Quarter 2011 Margin

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

Excel | CSV

2Q 2011 Rank Low-Cost Airlines 2Q 2010 (%) 3Q 2010 (%) 4Q 2010 (%) 1Q 2011 (%) 2Q 2011 (%) 2nd Quarter Operating Profit/Loss $(Millions)
1 Spirit -1.3 11.0 10.2 11.5 12.7 35
2 JetBlue 10.1 14.3 6.4 4.4 7.5 87
3 Allegiant 13.9 9.3 11.1 12.8 7.4 14
4 Southwest 11.5 11.1 6.9 3.7 5.4 195
5 AirTran 9.7 8.5 0.0 -5.5 -1.0 -8
6 Virgin America 6.1 10.4 -7.3 -16.0 -1.1 -3
7 Frontier -0.1 5.1 -4.1 -14.7 -8.0 -37
  7-Carrier Total 9.9 11.0 5.1 1.0 4.2 283

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

* System = domestic + international

Table 4: Regional Airline System* Quarterly Operating Profit/Loss Margin

Ranked by 2nd Quarter 2011 Margin

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

Excel | CSV

2Q 2011 Rank Regional Airlines 2Q 2010 (%) 3Q 2010 (%) 4Q 2010 (%) 1Q 2011 (%) 2Q 2011 (%) 2nd Quarter Operating Profit/Loss $(Millions)
1 SkyWest 7.1 9.4 7.9 4.8 6.5 34
2 American Eagle 7.4 9.9 7.8 5.4 5.8 35
3 Mesa 9.8 5.2 4.8 3.5 4.9 9
4 Pinnacle 10.3 9.9 7.8 5.3 1.7 2
5 Atlantic Southeast 8.0 5.4 5.3 -5.2 -3.0 -6
6 ExpressJet -4.3 -2.1 -30.3 -7.2 -4.5 -11
7 Horizon 4.2 7.7 1.2 -2.5 -15.7 -15
  7-Carrier Total 6.4 7.4 2.7 2.2 2.5 49

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

* System = domestic + international

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

Ranked by 2nd Quarter 2011 Fuel Cost Per ASM (Cents Per ASM)

(Fuel Expense Per Available Seat Mile in cents)

Excel | CSV

2Q 2011 Rank Airline Group 2Q 2006 2Q 2010 1Q 2011 2Q 2011 Pct. Change 2Q 2006-2Q 2011 Percent Of Operating Costs for Fuel 2nd Quarter Fuel Expense $(Millions)
2006 2011
1 Low-Cost 2.74 3.57 4.34 4.82 75.9 26.1 39.1 2,529
2 Network 3.46 3.69 4.26 4.82 39.3 25.9 29.7 8,374
3 Regional 4.11 2.32 2.61 2.99 -27.3 29.7 24.4 474
  21-Carrier Total 3.38 3.57 4.17 4.70 39.1 26.7 31.1 11,377

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 2nd Quarter 2011 Fuel Cost Per ASM (Cents Per ASM)

(Fuel Expense Per Available Seat Mile in cents)

Excel | CSV

2Q 2011 Rank Network Airlines 2Q 2006 2Q 2010 1Q 2011 2Q 2011 Pct. Change 2Q 2006-2Q 2011 Percent Of Operating Costs for Fuel 2nd Quarter Fuel Expense $(Millions)
2006 2011
1 Delta 3.26 3.87 4.44 5.09 56.1 24.3 31.1 2,658
2 American 3.46 3.87 4.33 4.97 43.6 27.9 31.3 1,951
3 US Airways 3.52 3.33 4.30 4.94 40.3 21.9 27.7 944
4 United 3.46 3.86 4.15 4.64 34.1 25.8 27.8 1,425
5 Alaska 3.39 3.07 3.92 4.47 31.9 29.7 30.7 300
6 Continental 3.19 3.22 3.98 4.25 33.2 23.5 28.0 1,096
7 Northwest 4.01 N/A N/A N/A N/A 29.0 N/A N/A
  7-Carrier Total 3.46 3.69 4.26 4.82 39.3 25.9 29.7 8,374

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 2nd Quarter 2011 Fuel Cost Per ASM (Cents Per ASM)

(Fuel Expense Per Available Seat Mile in cents)

Excel | CSV

2Q 2011 Rank Low-Cost Airlines 2Q 2006 2Q 2010 1Q 2011 2Q 2011 Pct. Change 2Q 2006-2Q 2011 Percent Of Operating Costs for Fuel 2nd Quarter Fuel Expense $(Millions)
2006 2011
1 Allegiant 3.90 4.00 5.04 5.65 44.9 49.2 48.8 86
2 AirTran 3.62 3.57 4.59 5.09 40.6 36.1 41.2 338
3 Southwest 2.42 3.66 4.23 4.84 100.0 27.1 38.5 1,310
4 JetBlue 2.79 3.21 4.15 4.65 66.7 35.6 41.2 440
5 Frontier 3.20 4.44 5.79 4.65 45.3 29.3 28.2 138
6 Virgin America N/A 3.11 3.95 4.50 N/A N/A 40.6 110
7 Spirit 3.38 3.20 3.68 4.42 30.8 30.4 44.6 107
  7-Carrier Total 2.74 3.57 4.34 4.82 75.9 26.1 39.1 2,529

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 2nd Quarter 2011 Fuel Cost Per ASM (Cents Per ASM)

(Fuel Expense Per Available Seat Mile in cents)

Excel | CSV

2Q 2011 Rank Regional Airlines 2Q 2006 2Q 2010 1Q 2011 2Q 2011 Pct. Change 2Q 2006-2Q 2011 Percent Of Operating Costs for Fuel 2nd Quarter Fuel Expense $(Millions)
2006 2011
1 American Eagle 5.40 5.94 6.77 7.72 43.0 34.8 41.9 238
2 Mesa 5.27 4.19 5.33 6.06 15.0 37.4 41.8 75
3 SkyWest 5.18 1.94 2.24 2.55 -50.8 36.8 23.1 111
4 ExpressJet 1.71 0.38 1.19 1.40 -18.1 15.0 17.7 44
5 Atlantic Southeast 5.37 0.23 0.32 0.37 -93.1 38.9 3.8 7
6 Pinnacle 1.95 0.01 0.01 0.01 -99.5 14.6 0.1 0
7 Horizon 3.38 4.24 0.00 0.00 -100.0 19.4 0.0 0
  7-Carrier Total 4.11 2.24 2.61 2.99 -27.3 29.7 24.4 474

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

* System = domestic + international

Table 9: Passenger Airline System* Unit Costs

Ranked by 2nd Quarter 2011 Unit Costs (Cents Per ASM)

(Operating Expenses per Available Seat Mile in cents)

Excel | CSV

2Q 2011 Rank Airline Group 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 2nd Quarter Operating Expenses $(Millions)
1 Network 14.5 14.2 15.1 15.9 16.2 28,186
2 Low-Cost 10.5 10.4 11.3 12.0 12.3 6,466
3 Regional 11.4 11.1 12.4 12.4 12.3 1,941
  21-Carrier Total 13.4 13.2 14.2 14.9 15.1 36,592

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 2nd Quarter 2011 Unit Costs (Cents Per ASM)

(Operating Expenses per Available Seat Mile in cents)

Excel | CSV

2Q 2011 Rank Network Airlines 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 2nd Quarter Operating Expenses $(Millions)
1 US Airways 15.7 15.4 16.4 17.9 17.8 3,405
2 United 14.9 14.9 16.0 16.5 16.7 5,130
3 Delta 14.4 14.1 15.1 16.2 16.4 8,540
4 American 14.3 13.9 14.6 15.3 15.9 6,225
5 Continental 13.9 13.6 14.9 14.7 15.2 3,910
6 Alaska 12.1 11.7 12.4 14.4 14.6 976
  6-Carrier Total 14.5 14.2 15.1 15.9 16.2 28,186

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 2nd Quarter 2011 Unit Costs (Cents Per ASM)

(Operating Expenses per Available Seat Mile in cents)

Excel | CSV

2Q 2011 Rank Low-Cost Airlines 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 2nd Quarter Operating Expenses $(Millions)
1 Frontier 11.0 11.1 15.0 16.2 16.5 491
2 Southwest 11.0 11.1 11.7 12.2 12.6 3,401
3 AirTran 10.1 9.8 11.0 12.2 12.4 819
4 Allegiant 8.9 8.9 9.9 10.3 11.6 177
5 JetBlue 9.7 9.7 10.3 11.4 11.3 1,066
6 Virgin America 9.2 9.3 10.0 10.7 11.1 272
7 Spirit 9.2 8.3 9.0 9.4 9.9 241
  7-Carrier Total 10.5 10.4 11.3 12.0 12.3 6,466

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 2nd Quarter 2011 Unit Costs (Cents Per ASM)

(Operating Expenses per Available Seat Mile in cents)

Excel | CSV

2Q 2011 Rank Regional Airlines 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 2nd Quarter Operating Expenses $(Millions)
1 American Eagle 17.1 16.0 16.7 18.1 18.4 568
2 Horizon 19.6 20.0 21.7 13.4 16.2 110
3 Mesa 13.1 12.8 13.9 14.5 14.5 179
4 Pinnacle 9.4 9.5 11.4 10.8 11.5 170
5 SkyWest 10.5 10.2 10.7 11.3 11.1 480
6 Atlantic Southeast 9.2 9.2 10.3 10.2 9.7 188
7 ExpressJet 6.8 7.0 9.2 8.8 7.9 246
  7-Carrier Total 11.4 11.1 12.4 12.4 12.3 1,941

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

* System = domestic + international

Table 13: Passenger Airline System* Unit Revenue

Ranked by 2nd Quarter 2011 Unit Revenue (Cents Per ASM)

(Operating Revenue Per Available Seat Mile in cents)

Excel | CSV

2Q 2011 Rank Airline Group 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 2nd Quarter Operating Revenue $(Millions)
1 Network 15.9 15.8 15.6 15.8 17.2 29,830
2 Low-Cost 11.6 11.7 11.9 12.2 12.9 1,990
3 Regional 12.1 12.0 12.7 12.7 12.6 6,749
  21-Carrier Total 14.8 14.7 14.6 14.8 15.9 38,570

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 2nd Quarter 2011 Unit Revenue (Cents Per ASM)

(Operating Revenue Per Available Seat Mile)

Excel | CSV

2Q 2011 Rank Network Airlines 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 2nd Quarter Operating Revenue $(Millions)
1 US Airways 17.6 17.0 17.1 17.8 18.8 3,584
2 United 16.6 16.7 16.3 16.5 18.2 5,571
3 Delta 16.2 16.3 15.9 16.2 17.6 9,174
4 Continental 15.3 15.2 14.7 14.8 16.6 4,284
5 Alaska 14.3 14.6 13.8 15.2 16.5 1,108
6 American 14.8 14.6 14.7 14.6 15.6 6,109
  6-Carrier Total 15.9 15.8 15.6 15.8 17.2 29,830

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 2nd Quarter 2011 Unit Revenue (Cents Per ASM)

(Operating Revenue Per Available Seat Mile

Excel | CSV

2Q 2011 Rank Low-Cost Airlines 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 2nd Quarter Operating Revenue $(Millions)
1 Frontier 11.0 11.7 14.4 14.1 15.3 454
2 Southwest 12.0 12.5 12.6 12.7 13.3 3,596
3 Allegiant 10.3 9.8 11.2 11.8 12.5 191
4 AirTran 11.2 10.7 11.0 11.6 12.2 811
5 JetBlue 10.8 11.3 11.0 11.9 12.2 1,153
6 Spirit 9.1 9.4 10.0 10.6 11.4 276
7 Virgin America 9.8 10.4 9.3 9.3 11.0 269
  7-Carrier Total 11.6 11.7 11.9 12.2 12.9 6,749

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 2nd Quarter 2011 Unit Revenue (Cents Per ASM)

(Operating Revenue Per Available Seat Mile)

Excel | CSV

2Q 2011 Rank Regional Airlines 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 2nd Quarter Operating Revenue $(Millions)
1 American Eagle 18.5 17.7 18.2 19.2 19.6 603
2 Mesa 14.5 13.5 14.6 15.1 15.2 188
3 Horizon 20.5 21.6 21.9 13.1 14.0 95
4 SkyWest 11.3 11.2 11.6 11.8 11.8 514
5 Pinnacle 10.5 10.5 11.5 11.5 11.7 172
6 Atlantic Southeast 10.0 9.7 10.9 9.7 9.4 182
7 ExpressJet 6.6 6.8 7.1 8.2 7.6 235
  7-Carrier Total 12.1 12.0 12.7 12.7 12.6 1,990

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

* System = domestic + international

Table 17: Airline System* Passenger Revenue Yield

Ranked by 2nd Quarter 2011 Revenue Yield (Cents Per RPM)

(Passenger Revenue per Revenue Passenger Mile in cents)

Excel | CSV

2Q 2011 Rank Airline Group 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 2nd Quarter Passenger Revenue $(Millions)
1 Regional 14.9 14.7 16.0 16.8 15.5 1,962
2 Network 13.0 13.0 13.1 13.9 14.1 20,663
3 Low-Cost 12.9 12.7 13.1 13.7 14.0 6,109
  21-Carrier Total 13.1 13.1 13.3 14.0 14.2 28,734

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 2nd Quarter 2011 Revenue Yield (Cents Per RPM)

(Passenger Revenue per Revenue Passenger Mile in cents)

Excel | CSV

2Q 2011 Rank Network Airlines 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 2nd Quarter Passenger Revenue $(Millions)
1 Continental 12.8 12.8 13.0 14.0 14.6 3,135
2 United 13.4 13.3 13.4 13.8 14.3 3,729
3 Delta 12.6 13.0 13.0 13.8 14.1 6,214
4 American 13.3 13.3 13.5 14.0 13.9 4,557
5 US Airways 12.9 12.6 12.7 13.8 13.8 2,248
6 Alaska 13.1 13.1 12.6 12.6 13.7 780
  6-Carrier Total 13.0 13.0 13.1 13.9 14.1 20,663

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 2nd Quarter 2011 Revenue Yield (Cents Per RPM)

(Passenger Revenue per Revenue Passenger Mile in cents)

Excel | CSV

2Q 2011 Rank Low-Cost Airlines 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 2nd Quarter Passenger Revenue $(Millions)
1 Frontier 10.0 11.8 15.3 15.3 15.4 406
2 Southwest 14.5 14.2 14.2 14.9 15.1 3,331
3 JetBlue 11.9 12.1 12.1 13.1 13.6 1,047
4 AirTran 12.2 11.5 12.2 13.3 13.3 735
5 Virgin America 10.9 11.3 10.2 11.2 12.2 248
6 Allegiant 8.9 8.6 9.9 10.4 10.9 151
7 Spirit 8.6 8.1 8.1 8.9 9.2 192
  7-Carrier Total 12.9 12.7 13.1 13.7 14.0 6,109

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 2nd Quarter 2011 Revenue Yield (Cents Per RPM)

(Passenger Revenue per Revenue Passenger Mile in cents)

Excel | CSV

2Q 2011 Rank Regional Airlines 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 2nd Quarter Passenger Revenue $(Millions)
1 American Eagle 23.6 23.0 23.7 27.2 24.9 591
2 Mesa 17.6 16.3 18.2 19.4 18.3 185
3 Horizon 25.8 25.3 27.0 16.8 17.8 93
4 Pinnacle 13.0 13.1 14.6 15.7 14.8 172
5 SkyWest 13.9 13.7 14.5 15.2 14.5 505
6 Atlantic Southeast 12.0 12.1 13.8 12.8 11.5 182
7 ExpressJet 7.8 8.2 9.0 10.9 9.4 233
  7-Carrier Total 14.9 14.7 16.0 16.8 15.5 1,962

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

* System = domestic + international