Aviation Return on Assets Source: Department of Transportation, Bureau of Transportation Statistics, Office of Airline Information, Air Carrier Financial S Date updated: 07/02 Unit: Percent Return on Assets Date Quarter Year Q1 92 Q2 92 -0.66 Q3 92 -14.13 Q4 92 -4.20 Q1 93 0.85 -4.42 Q2 93 2.01 -3.72 Q3 93 2.38 0.32 Q4 93 -1.90 0.83 Q1 94 0.65 0.77 Q2 94 4.25 1.36 Q3 94 -4.76 -0.42 Q4 94 -0.71 -0.12 Q1 95 5.25 1.02 Q2 95 5.59 1.35 Q3 95 0.37 2.66 Q4 95 -0.40 2.70 Q1 96 6.35 2.99 Q2 96 5.21 2.88 Q3 96 0.80 3.00 Q4 96 2.67 3.73 Q1 97 6.04 3.67 Q2 97 7.79 4.32 Q3 97 4.17 5.17 Q4 97 2.84 5.15 Q1 98 6.93 5.40 Q2 98 5.32 4.85 Q3 98 2.37 4.40 Q4 98 2.47 4.21 Q1 99 7.44 4.38 Q2 99 4.77 4.34 Q3 99 2.13 4.25 Q4 99 0.10 3.57 Q1 00 5.49 3.12 Q2 00 2.83 2.65 Q3 00 -0.41 1.86 Q4 00 -2.14 1.36 Q1 01 -2.21 -0.55 Q2 01 -6.21 -2.79 Q3 01 -8.23 -4.33 Q4 01 -5.73 -5.87 Q1 02 -3.74 -6.32 Q2 02 Q3 02 Q4 02
e Information, Air Carrier Financial Statistics Quarterly,
AIR CARRIER REAL RETURN ON ASSETS
Real Return on Assets for Large U.S. Air Carriers (quarterly data, not seasonally adjusted)
Percent
Real Return on Assets for Large U.S. Air Carriers (quarterly data, not seasonally adjusted)
12 8 4 0 -4 -8 -12 -16 Q1 92 Q1 94 Q1 96 Q1 98 Q1 00 Q1 02 Return over last year
Return over last quarter
Return on assets is a measure of the profitability of investment adjusted for inflation. Improving profits depends on a combinati Return on Assets for Large U.S. Air Carriers Return over last quarter (percent) Return over last quarter change from same quarter previous year Return over last year (percent) Return over last year change from same quarter previous year
NOTES: Data for the last year are preliminary. The current value is compared to the value from the same period in the previous year to account for seasonality.
Return on assets is the ratio of net income to the average of beginning- and end-of-period assets for large air carriers. When net income an SOURCES: U.S. Department of Transportation, Bureau of Transportation Statistics, Air Carrier Financial Statistics data; and U.S. Departm
The data include profits of both foreign and domestic operations for U.S. air carriers with more than 20 million dollars in annual operating re
sonally adjusted)
g profits depends on a combination of holding down costs while growing revenue. Q2 01 Q2 02 -2.21 -3.74 -7.70 -1.53 -0.55 -6.32 -3.67 -5.76
ge air carriers. When net income and assets are deflated using the average CPI, the nominal rate of return is converted into a real rate of return.
million dollars in annual operating revenue.
al Statistics data; and U.S. Department of Labor, Bureau of Labor Statistics, available at: http://www.bls.gov/cpi/.