US Airlines net profit was $6.7 billion in 2024, a decrease over 2023

 

U.S. scheduled passenger airlines reported a 2024 after-tax net profit of $6.7 billion and a pre-tax operating profit of $13.5 billion.

U.S. airline financial reports are filed quarterly with the Bureau of Transportation Statistics (BTS). See the tables that accompany this release on the BTS website for additional 2024 annual (Tables 1-6) and fourth-quarter (Tables 7-12) financial results.

After-tax net income 

• $6.7 billion profit in 2024
• Compared to $7.8 billion profit in 2023

Pre-tax operating profit/loss

• $13.5 billion profit in 2024
• Compared to $13.2 billion profit in 2023

 

• Total 2024 operating revenue: $247.2 billion
  • Share of total 2024 operating revenue:
    • Fares: $185.3 billion, 75.0% compared to 75.8% in 2023 
    • Baggage fees: $7.3 billion, 2.9% compared to 3.0% in 2023 
    • Reservation change fees: $1.0 billion, 0.4% compared to 0.4% in 2023

 Fees are included for calculations of net income, operating revenue and operating profit or loss.

Total 2024 operating expenses: $233.7 billion

• Share of total 2024 operating expenses:
• Fares: $43.9 billion, 18.8% compared to 21.3% in 2023
• Labor: $85.1 billion, 36.4% compared to 34.8% in 2023

Tags:  US DOT

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