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U.S. Airlines Report $6.7 Billion Profit in 2024, Down from Previous Year

Yhdysvaltalaiset lentoyhtiöt raportoivat $6,7 miljardin voiton vuonna 2024, edellisvuotta vähemmän

James Miller, LocalsRide.com
by 
James Miller, LocalsRide.com
2 minutes read
Uutiset
Toukokuu 22, 2025

Overview of Financial Performance

The financial landscape for U.S. scheduled passenger airlines revealed a net profit of $6.7 billion for the year 2024. When juxtaposed with 2023’s profit of $7.8 billion, this marks a noteworthy drop.

Annual Results for Scheduled U.S. Airlines

Here’s a concise breakdown of the financial results for 2024:

After-Tax Net Income

  • $6.7 billion profit in 2024
  • Down from $7.8 billion in 2023

Pre-Tax Operating Profit

  • $13.5 billion profit in 2024
  • Slight increase from $13.2 billion profit in 2023

Revenue and Expenses Breakdown

The total operating revenue for 2024 stood at $247.2 billion. The revenue sources can be summarized as follows:

Revenue Source 2024 Amount Percentage of Total Revenue
Fares $185.3 billion 75.0%
Baggage Fees $7.3 billion 2.9%
Reservation Change Fees $1.0 billion 0.4%

It’s important to note that these fees contribute significantly to both net income and operating profit.

Operating Expenses

Total operating expenses for the year reached $233.7 billion. Here’s the breakdown:

  • Fares: $43.9 billion (18.8%)
  • Labor: $85.1 billion (36.4%)

Domestic Performance Insights

Examining domestic operations reveals the following insights:

After-Tax Domestic Net Income

  • $4.2 billion profit in 2024
  • Down from $4.3 billion profit in 2023

Domestic Operating Revenue

  • $184.0 billion total revenue in 2024

International Performance Overview

As for the international segment of U.S. airlines:

After-Tax International Net Income

  • $2.5 billion profit in 2024
  • Decreased from $3.5 billion in 2023

International Operating Revenue

  • $63.2 billion total revenue in 2024

Quarterly Performance Analysis

Looking into the fourth quarter results, the airlines reported a strong performance:

Fourth Quarter Net Profit

  • $2.4 billion profit in Q4 2024
  • Increased from $2.0 billion in Q4 2023

Marginal Analysis

The margins for 2024 demonstrate the efficiency of these airlines:

  • Net Income Margin: 2.7% in 2024, down from 3.3% in 2023
  • Operating Margin: 5.5% in 2024, slightly down from 5.6% in 2023

Päätelmä

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