Table 2 Productivity and Profits in Air Transportation

Table 2 Productivity and Profits in Air Transportation

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Year Labor productivity Multifactor productivity Net income ($millions, all carriers) Net income ($millions, Majors)
1992 105.0      
1993 109.3 100.4 $272  
1994 117.2 106.9 ($344) ($578)
1995 123.0 111.2 $2,340 $2,235
1996 127.5 115.4 $2,804 $2,779
1997 129.0 116.7 $5,168 $5,488
1998 125.9 115.5 $4,531 $4,577
1999 126.7 117.6 $5,357 $5,075
2000 126.7 121.1 $2,533 $2,599
2001 118.6 116.1 ($8,171) ($7,139)

Note: Numbers in parentheses (in columns 3 and 4) indicate losses.

Sources: For data in columns 1 and 2, same as chart 1 and 2. For data in column 3, from BTS, TranStats (on the Internet); data refer to all air carriers. For data in column 4, from DOT, Airline Quarterly Financial Review; data refer to Majors.