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The top 10 airlines reported $1.4 billion in Net
Income in the second quarter Net Income and
Operating Profit or Loss are two different
measures of airline financial performance.
Operating Profit or Loss is calculated from
operating revenues and expenses. Net Income may
include non-operating income and expenses,
nonrecurring items or income taxes.
As part of their third-quarter revenue, all U.S.
passenger airlines collected a total of $924
million in baggage fees and $652 million from
reservation change fees from July through
September 2012. Fees are included for
calculations of Net Income, Operating Revenue
and Operating Profit or Loss.
Baggage fees and reservation change fees are the
only ancillary fees paid by passengers that are
reported to BTS as separate items. Other fees,
such as revenue from seating assignments and
on-board sales of food, beverages, pillows,
blankets, and entertainment are combined in
different categories and cannot be identified
separately.
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