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Bottom-Line Statistics: Third Quarter 2006 versus 2001

Bottom-Line Statistics: Third Quarter 2006 versus 2001

The airline industry has undergone a major shift in operations in the past five years.  By the third quarter of 2006, the legacy or network airlines have reduced their capacity (measured by available seat-miles or ASMs), by 7.1 percent from 2001, while four network carriers, United Airlines, US Airways (twice), Delta Air Lines and Northwest Airlines, filed for bankruptcy. During the same period, low-cost carriers increased capacity 58.2 percent and accounted for more than one-fifth of all passenger revenue-miles in the third quarter of 2006 – a 49 percent increase in low-cost carrier market share from the same quarter in 2001. During this period, only one low-cost carrier, ATA Airlines, filed for bankruptcy

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  Network Carriers Low-Cost Carriers
Full-Time Equivalent Employees −38.4% 15.7%
2001 429,545 60,551
2006 264,560 70,087
Number of Aircraft −23.7% 36.4%
2001 3,437 690
2006 2,621 941
Mainline Passenger Revenue (excluding regional jet activity) $2.3 B $2.2 B
2001 $16.3 B $2.4 B
2006 $18.6 B $4.6 B
Operating Expense (excluding Fuel & Regional Contract Operations) −$2.0 B $2.2 B
2001 $21.8 B $2.5 B
2006 $19.0 B $4.7 B