Annual Earnings: World Airlines
The data below reflects the systemwide activity of scheduled passenger and cargo airlines operating worldwide, as recorded by ICAO. Domestic operations within the former USSR are excluded prior to 1998.
| YEAR |
Revenues
($-mils) |
Expenses
($-mils) |
Operating Results |
Net Results |
Profit
($-mils) |
Margin
(%) |
Profit
($-mils) |
Margin
(%) |
| 1947 |
1,050 |
1,170 |
(120) |
(11.4) |
(135) |
(12.9) |
| 1948 |
1,348 |
1,397 |
(49) |
(3.6) |
(74) |
(5.5) |
| 1949 |
1,397 |
1,406 |
(9) |
(0.6) |
(42) |
(3.0) |
| 1950 |
1,543 |
1,502 |
41 |
2.7 |
(10) |
(0.6) |
| 1951 |
1,804 |
1,780 |
24 |
1.3 |
(21) |
(1.2) |
| 1952 |
2,050 |
2,063 |
(13) |
(0.6) |
(45) |
(2.2) |
| 1953 |
2,314 |
2,317 |
(3) |
(0.1) |
(52) |
(2.2) |
| 1954 |
2,560 |
2,528 |
32 |
1.3 |
(33) |
(1.3) |
| 1955 |
3,025 |
2,947 |
78 |
2.6 |
(11) |
(0.4) |
| 1956 |
3,510 |
3,426 |
84 |
2.4 |
15 |
0.4 |
| 1957 |
3,971 |
4,012 |
(41) |
(1.0) |
(66) |
(1.7) |
| 1958 |
4,122 |
4,107 |
15 |
0.4 |
(46) |
(1.1) |
| 1959 |
4,805 |
4,700 |
105 |
2.2 |
(25) |
(0.5) |
| 1960 |
5,370 |
5,338 |
32 |
0.6 |
(97) |
(1.8) |
| 1961 |
5,795 |
5,913 |
(118) |
(2.0) |
(133) |
(2.3) |
| 1962 |
6,570 |
6,473 |
97 |
1.5 |
(27) |
(0.4) |
| 1963 |
7,153 |
6,824 |
329 |
4.6 |
106 |
1.5 |
| 1964 |
8,119 |
7,500 |
619 |
7.6 |
366 |
4.5 |
| 1965 |
9,347 |
8,460 |
887 |
9.5 |
534 |
5.7 |
| 1966 |
10,844 |
9,819 |
1,025 |
9.5 |
661 |
6.1 |
| 1967 |
12,488 |
11,575 |
913 |
7.3 |
609 |
4.9 |
| 1968 |
14,282 |
13,548 |
734 |
5.1 |
446 |
3.1 |
| 1969 |
16,431 |
15,557 |
874 |
5.3 |
409 |
2.5 |
| 1970 |
17,817 |
17,367 |
450 |
2.5 |
(10) |
(0.1) |
| 1971 |
20,116 |
19,507 |
609 |
3.0 |
138 |
0.7 |
| 1972 |
23,030 |
22,224 |
806 |
3.5 |
234 |
1.0 |
| 1973 |
27,438 |
26,243 |
1,195 |
4.4 |
434 |
1.6 |
| 1974 |
33,079 |
32,287 |
792 |
2.4 |
41 |
0.1 |
| 1975 |
38,309 |
37,579 |
730 |
1.9 |
(67) |
(0.2) |
| 1976 |
43,400 |
41,244 |
2,156 |
5.0 |
825 |
1.9 |
| 1977 |
50,344 |
47,715 |
2,629 |
5.2 |
1,656 |
3.3 |
| 1978 |
58,769 |
55,669 |
3,100 |
5.3 |
2,412 |
4.1 |
| 1979 |
70,755 |
70,019 |
736 |
1.0 |
588 |
0.8 |
| 1980 |
87,676 |
88,311 |
(635) |
(0.7) |
(919) |
(1.0) |
| 1981 |
92,992 |
93,684 |
(692) |
(0.7) |
(1,150) |
(1.2) |
| 1982 |
93,240 |
93,400 |
(160) |
(0.2) |
(1,300) |
(1.4) |
| 1983 |
98,300 |
96,200 |
2,100 |
2.1 |
(700) |
(0.7) |
| 1984 |
105,400 |
100,300 |
5,100 |
4.8 |
2,000 |
1.9 |
| 1985 |
112,200 |
108,100 |
4,100 |
3.7 |
2,100 |
1.9 |
| 1986 |
124,600 |
120,000 |
4,600 |
3.7 |
1,500 |
1.2 |
| 1987 |
147,000 |
139,800 |
7,200 |
4.9 |
2,500 |
1.7 |
| 1988 |
166,200 |
156,000 |
10,200 |
6.1 |
5,000 |
3.0 |
| 1989 |
177,800 |
170,200 |
7,600 |
4.3 |
3,500 |
2.0 |
| 1990 |
199,500 |
201,000 |
(1,500) |
(0.8) |
(4,500) |
(2.3) |
| 1991 |
205,500 |
206,000 |
(500) |
(0.2) |
(3,500) |
(1.7) |
| 1992 |
217,800 |
219,600 |
(1,800) |
(0.8) |
(7,900) |
(3.6) |
| 1993 |
226,000 |
223,700 |
2,300 |
1.0 |
(4,400) |
(1.9) |
| 1994 |
244,700 |
237,000 |
7,700 |
3.1 |
(200) |
(0.1) |
| 1995 |
267,000 |
253,500 |
13,500 |
5.1 |
4,500 |
1.7 |
| 1996 |
282,500 |
270,200 |
12,300 |
4.4 |
5,300 |
1.9 |
| 1997 |
291,000 |
274,700 |
16,300 |
5.6 |
8,550 |
2.9 |
| 1998 |
295,500 |
279,600 |
15,900 |
5.4 |
8,200 |
2.8 |
| 1999 |
305,500 |
293,200 |
12,300 |
4.0 |
8,500 |
2.8 |
| 2000 |
328,500 |
317,800 |
10,700 |
3.3 |
3,700 |
1.1 |
| 2001 |
307,500 |
319,300 |
(11,800) |
(3.8) |
(13,000) |
(4.2) |
| 2002 |
306,000 |
310,900 |
(4,900) |
(1.6) |
(11,300) |
(3.7) |
| 2003 |
321,800 |
323,300 |
(1,500) |
(0.5) |
(7,560) |
(2.3) |
| 2004 |
378,800 |
375,500 |
3,300 |
0.9 |
(5,670) |
(1.5) |
| 2005 |
413,300 |
409,000 |
4,300 |
1.0 |
(4,100) |
(1.0) |
| 2006 |
465,160 |
450,210 |
14,950 |
3.2 |
4,990 |
1.1 |
| 2007 |
509,870 |
489,930 |
19,940 |
3.9 |
14,720 |
2.9 |
| 2008* |
563,640 |
572,550 |
(8,910) |
(1.6) |
(36,000) |
(6.4) |
Note: 2005 and 2006 net results exclude reorganization expense provisions or gains recorded by some U.S. carriers.
*Operating and net losses includes the impact of mark-to-market of fuel hedge contracts of around $6 billion. The net loss includes the impact of non-cash charges related to employee equity awards and impairment of intangible assets of approximately $14 billion.
Last Modified: 12/22/2009