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Airline Industry Profits Fell in 2000, BTS Year-end Financial Report Shows
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| Contact |
DOT 60-01
David Smallen
202-366-5568
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Monday, June 11, 2001 -- The U.S. airline industry saw reduced profits in 2000 as the growth in
operating expenses for the industry exceeded growth in revenues, according to the Bureau of
Transportation Statistics (BTS) year-end report on air carrier finances.
U.S. Transportation Secretary Norman Y. Mineta said the BTS report indicates that the airline
industry faces continuing challenges. "The airline industry is a vital part of our transportation
system," Secretary Mineta said. "A competitive and profitable industry is important to the performance
of the aviation system in the future."
Dr. Ashish Sen, BTS Director, said the collection and distribution of detailed airline financial
statistics by BTS could provide needed information for decision-makers. "BTS reports this comprehensive
airline information to help provide a better picture of the strengths and weaknesses of the airline
industry," he said.
While the major, national, and small certificated airlines had reduced net income in 2000, large
regional and commuter airlines reported losses. Medium regional airlines, which lost money as a group
in 1999, reported a profit in 2000.
| $123,240,000 |
$134,750,100 |
| $114,564,900 |
$127,231,400 |
| $8,675,100 |
$7,518,700 |
| $5,502,500 |
$2,931,700 |
| $107,286,167 |
$116,635,285 |
| $99,725,014 |
$110,052,754 |
| $7,561,153 |
$6,582,531 |
| $5,154,900 |
$2,648,651 |
| $10,931,853 |
$11,869,686 |
| $10,115,275 |
$11,335,009 |
| $816,578 |
$534,677 |
| $188,761 |
$59,412 |
| $820,432 |
$957,779 |
| $795,128 |
$1,001,226 |
| $25,304 |
($43,446) |
| $16,591 |
($70,591) |
| $416,474 |
$621,507 |
| $483,086 |
$406,981 |
| ($66,612) |
$214,526 |
| ($82,910) |
$150,395 |
| $2,685,900 |
$3,108,900 |
| $2,364,400 |
$2,808,400 |
| $320,500 |
$300,500 |
| $229,500 |
$156,700 |
| $1,100,100 |
$1,556,900 |
| $1,082,000 |
$1,627,000 |
| $18,100 |
($70,100) |
| ($4,400) |
($12,900) |
The information in Air Carrier Financial Statistics was collected by the BTS Office of Airline Information. It includes detailed financial statistics for 15 major air carriers, 37 nationals, 21 large regionals, and 19 medium regionals. Summary information from small regionals and commuter carriers is also included.
Quarterly issues of Air Carrier Financial Statistics are available from BTS for $65 each. An annual subscription can be obtained for $250. To obtain copies, send checks payable to "BTS" to:
Bureau of Transportation Statistics
400 Seventh St. SW, Room 3430
Washington, D.C. 20590
Attn: Customer Services, K-30
Air Carrier Financial Statistics may also be obtained by calling 202-366-3282 (press 1).
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