3rd Quarter 2017 U.S. Airline Financial Data
The 17 U.S. scheduled service passenger airlines reported an after-tax net profit from international operations as a group for the 11th consecutive quarter.
In October, the reporting carriers posted an on-time arrival rate of 84.8 percent, slightly down from the 85.5 percent on-time rate in October 2016, but up from the 83.6 percent mark in September 2017.
The U.S. Department of Transportation (DOT) yesterday released its June 2017 Air Travel Consumer Report, compiling air carrier data for the month of April 2017. In April, DOT received 1,909 complaints about airline service from consumers, up 70.0 percent from the total of 1,123 filed in April 2016 and up 68.6 percent from the 1,132 received in March 2017.
U.S. scheduled passenger airlines employed 3.3 percent more workers in September 2017 than in September 2016, reaching 428,343 full-time equivalent (FTE) employees, the U.S. Department of Transportations Bureau of Transportation Statistics (BTS) reported last week.
For the third quarter of 2017, the 12 U.S. carriers who report involuntary denied boarding, or bumping, data posted a bumping rate of 0.15 per 10,000 passengers, the lowest quarterly rate based on historical data dating back to 1995 and down from both the rate of 0.69 for the third quarter of 2016 and the previous lowest quarterly rate of 0.44 posted in the second quarter of 2017.
In August, the reporting carriers posted an on-time arrival rate of 77.1 percent, down from the 77.6 percent on-time rate in August 2016, but up from the 76.9 percent mark in July 2017.
The average domestic air fare, adjusted for inflation, decreased to $356 in the second quarter of 2017, down 0.9 percent from $359 in the second quarter of 2016 but up 1.2 percent from $352 in the first quarter of 2017 , the U.S. Department of Transportations Bureau of Transportation Statistics (BTS) reported today.
U.S. scheduled passenger airlines employed 4.0 percent more workers in March 2017 than in March 2016, the U.S. Department of Transportations Bureau of Transportation Statistics (BTS) reported today.