United States Carriers Recorded USD 15.5 Billion Profit in 2017

United States Carriers Recorded USD 15.5 Billion Profit in 2017. Billions of dollars in checked baggage charges and charges for making changes to reservations helped generate big profits for the US airline industry. In 2017, according to a new report by the Federal Bureau of Transportation Statistics.

The 23 major airlines in the United States that they reported accumulated after-tax earnings of USD 15.5 billion last year, compared to USD 14 billion in 2016, an increase of 10.2 percent.

United States Carriers Recorded USD 15.5 Billion Profit in 2017, pic: Delta MD-88 and AirTran Boeing 737-700

Revenues totaled USD 175.3 billion, including USD 130.5 billion in air fares, USD 4.6 billion in baggage fees, and USD 2.9 billion in reserve change fees.

The calculations did not reveal revenue from other sources, such as fees paid for preferred seat assignments and on-board sales of food, beverages, pillows, blankets, entertainment and Wi-Fi access.

For US airlines The biggest success came from domestic flights: after-tax net profits increased to USD 13.4 billion from USD 10.3 billion in 2016.

Meanwhile profits on international routes decreased from USD 3.8 billion in 2016 to USD 2.1 billion in 2017.

Higher fuel costs reduced airline profits in 2017, up 16.3 percent from 2016.