News

Total Revenue From All US Airlines Fell by Almost 50% in 2020

Total Revenue From All US Airlines Fell by Almost 50% in 2020

The total operating revenue of all US airlines amounted to just $130 billion in 2020 – a 47 per cent year-on-year decrease from 2019, according to new data presented by online brokerage firm TradingPlatforms.com,

U.S. Airlines Total Revenue Almost Cut in Half Due To Pandemic

Operating revenue for US airlines increased yearly since 2015, but 2020’s pandemic put an end to this momentum. In 2019, total operating revenue reached $248 billion, a number that decreased by 47 per cent in 2020 to just $130 billion. 2020’s figure was also the lowest recorded within the reporting period of 2004-2020.

Airlines from the US collectively registered a net loss of $24.6 billion in 2020 – a 256 per cent decrease from 2019 when US airlines registered a combined net profit of $15.71 billion.

2020’s net loss was an even greater contraction than the one felt during the recession of 2008 when net loss was at $18.17 billion.

US Carriers Handled 60% Fewer Passengers in 2020

In 2019, US carriers handled an estimated 926m passengers, made up of 811m domestic passengers and an estimated 115m international passengers. In 2020, the total number of passengers handled by US carriers dropped by over 60 per cent to just 369m.

Domestic travel dropped by almost half a billion passengers to just 335.3m. The domestic passenger load factor was also the lowest in 2020 during the reporting period at just 58.86 per cent compared to the high of 85.11 per cent recorded in 2019.

An even bigger decline was seen in the number of international passengers that were handled by US carriers. In 2020 the number dropped by a staggering 90 per cent to just 34m passengers.

 

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Fionn Davenport is the editor-in-chief of the ITTN group, including ITTN and ITTN Ireland. He's one of Ireland's best-known travel journalists and writers, with nearly 30 years' experience writing guidebooks for Lonely Planet and others.

More in News

What Are the Covid Test Requirements for Children Across Europe?

Fionn DavenportJune 16, 2021

U.S. Domestic Bookings Showing Almost Full Recovery

Fionn DavenportJune 16, 2021

Aer Lingus to Delay Start of Transatlantic Flights from Manchester

Fionn DavenportJune 16, 2021

ITTN Adds Aileen O’Reilly to Growing Editorial Team

Fionn DavenportJune 16, 2021

Off-Duty Flight Attendant Charged for Allegedly Choking a Crew Member

Fionn DavenportJune 16, 2021

Brittany Ferries Eyes Zero-Emission, Sea-Skimming ‘Flying Ferries’

Fionn DavenportJune 16, 2021

Fine Gael Calls for Relaxation of Quarantine Rules on UK Arrivals

Fionn DavenportJune 16, 2021

Passenger Numbers at Irish Airports Down 5.5m

Fionn DavenportJune 16, 2021

Richard Branson Joins in Celebrations as Virgin Hotels Las Vegas Opens its Doors

Fionn DavenportJune 16, 2021

Copyright © 2021 ittn