Airline Business 100 - 1998

Rank

Airline

Revenue

US$M

OpResult

US$M

NetResult

US$M

net

margin %

fleet

Total

emps

Revenue Tonne kilometres (mil)

Revenue

Pax km

Pax

millions

Load

Factor %

Year

End

97

96

Pax

Freight

Total

1

1

American Airlines

18,570.0

1,926.0

985.0

5.3

641

111,500

15,500.0

2,966.7

18,466.7

172,205.0

81.00

69.5

31-Dec-97

2

2

United Airlines

17,378.0

1,259.0

949.0

5.5

575

91,779

17,576.0

4,177.1

21,765.0

195,411.0

84.20

71.8

31-Dec-97

3

7

Federal Express

15,872.0

1,010.7

503.0

3.2

609

114,636

9,089.0

9,089.0

31-May-98

4

5

British Airways

14,183.5

817.2

755.0

5.3

330

60,575

9,513.0

4,080.0

15,406.0

113,045.0

40.96

70.7

31-Mar-98

5

6

Delta Air Lines

13,590.0

1,530.0

845.0

6.2

543

63,441

14,429.0

2,447.0

16,876.0

160,398.0

101.15

71.4

31-Dec-97

6

4

Lufthansa

13,353.9

931.6

481.7

3.6

326

58,204

9,038.8

6,550.0

15,588.8

91,292.4

44.40

73.5

31-Dec-97

7

8

Northwest Airlines

10,225.8

1,157.2

596.5

5.8

405

50,000

10,434.0

3,333.0

13,767.0

115,920.0

54.70

74.3

31-Dec-97

8

10

Air France group

10,184.9

413.8

314.4

3.1

200

46,385

6,440.4

5,307.0

11,747.4

71,553.0

33.50

75.2

31-Mar-98

9

3

Japan Airlines

9,936.0

252.6

(767.0)

-7.7

137

18,127

6,994.2

4,339.2

11,333.4

78,760.4

31.36

70.0

31-Mar-98

10

9

All Nippon Airways

8,798.1

49.7

(43.2)

-0.5

139

15,200

4,186.0

1,333.0

5,519.0

51,929.8

40.83

64.8

31-Mar-98

11

11

US Airways

8,514.0

584.0

1,025.0

12.0

408

40,246

6,070.5

524.4

6,594.9

67,358.0

58.70

71.3

31-Dec-97

12

12

Swissair

7,356.1

458.5

225.7

3.1

61

16,883

2,577.3

1,568.4

4,085.7

25,651.5

10.80

70.5

31-Dec-97

13

13

Continental Airlines

7,213.0

716.0

385.0

5.3

332

40,000

6,292.0

619.0

6,911.0

77,128.0

40.00

70.9

31-Dec-97

14

14

KLM Royal Dutch Airlines

6,688.0

405.9

1,102.5

1.5

121

26,811

5,642.0

3,900.0

9,550.0

56,171.0

14.73

78.2

31-Mar-98

15

15

Qantas

6,130.7

329.4

197.8

3.2

148

30,080

5,293.1

1,758.9

7,051.9

59,199.0

18.61

72.7

30-Jun-97

16

16

Scandinavian Airlines System

5,096.6

539.2

292.1

5.7

137

20,500

1,827.7

743.8

2,571.5

20,339.0

20.80

64.9

31-Dec-97

17

18

Alitalia

5,085.2

792.4

248.0

4.9

131

18,676

3,551.0

1,571.0

5,022.0

35,992.0

24.55

71.7

31-Dec-97

18

17

Singapore Airlines

4,991.5

645.4

671.2

13.4

86

28,196

5,178.5

4,859.1

10,037.6

54,441.2

12.00

70.5

31-Mar-98

19

22

Air Canada

4,024.0

265.8

308.4

7.7

156

21,215

3,300.0

1,440.0

4,740.0

36,672.7

14.00

71.1

31-Dec-97

20

20

Cathay Pacific

3,958.0

310.1

218.8

5.5

62

15,747

3,763.0

3,568.0

7,331.0

38,962.0

10.02

68.2

31-Dec-97

21

24

Southwest Airlines

3,816.8

524.2

317.8

8.3

261

23,974

4,232.2

168.7

4,400.9

28,400.0

50.40

63.7

31-Dec-97

22

21

Iberia Airlines

3,561.6

248.0

75.7

2.1

113

20,000

2,487.0

826.0

3,313.0

27,635.0

16.07

73.2

31-Dec-97

23

23

Trans World Airlines

3,328.0

(26.3)

(110.8)

-3.3

186

25,000

3,645.0

963.0

4,608.1

40,496.3

23.39

68.8

31-Dec-97

24

26

Varig

3,151.0

149.9

25.8

0.8

87

18,203

2,245.0

1,360.0

3,605.0

24,444.0

10.65

67.2

31-Dec-97

25

25

Thai Airways International

3,120.4

331.8

101.8

3.3

76

24,186

2,795.0

1,672.0

4,467.0

30,987.0

14.38

67.3

30-Sep-97

26

19

Korean Air

3,028.7

255.0

(234.0)

-7.7

112

17,139

4,019.0

5,718.7

9,737.7

40,190.3

25.58

69.0

31-Dec-97

27

32

Airborne Freight Corp

2,912.4

225.3

120.1

4.1

105

22,500

929.7

929.7

31-Dec-97

28

27

Japan Air System

2,651.4

2.3

1.4

0.1

85

6,094

1,112.5

176.9

1,289.4

16,186.0

19.13

61.9

31-Mar-98

29

30

Ansett Australia

2,537.8

245.9

(25.4)

-1.0

106

17,067

1,144.3

114.8

1,259.1

12,714.3

11.52

70.1

30-Jun-97

30

28

LTU International Airways

2,348.9

28

5,159

1,989.0

153.9

2,142.9

22,099.8

7.20

80.8

31-Oct-97

31

33

Canadian Airlines International

2,221.1

70.1

3.9

0.2

76

14,233

2,320.8

743.0

3,063.8

25,764.0

8.60

72.7

31-Dec-97

32

35

Air New Zealand

2,031.2

211.8

104.1

5.1

31

9,340

1,802.0

796.0

2,598.0

20,371.0

6.63

68.5

31-Dec-97

33

36

Sabena

2,012.2

17.2

(67.0)

-3.3

70

9,500

1,014.6

1,014.6

11,272.2

6.87

67.0

31-Dec-97

34

39

America West Airlines

1,875.0

162.5

75.3

4.0

102

9,615

2,347.0

969.0

2,530.0

26,077.0

18.33

68.8

31-Dec-97

35

38

United Parcel Service

1,862.6

56.1

15.3

0.8

206

3,350

11.0

4,950.0

4,961.6

123.3

0.07

66.8

31-Dec-97

36

40

Alaska Airlines

1,740.0

72.4

4.2

76

6,477

1,513.0

111.0

1,624.0

16,673.0

12.25

67.3

31-Dec-97

37

37

China Airlines

1,731.4

57.4

72.8

4.2

50

8,490

1,784.0

2,890.3

4,674.3

19,822.0

7.40

74.0

31-Dec-97

38

29

Malaysia Airlines

1,730.8

(274.7)

(69.8)

-4.0

100

23,524

2,354.0

1,429.0

3,783.0

28,762.0

15.66

67.9

31-Mar-98

39

51

Vasp

1,667.0

44.8

2.7

39

7,156

877.0

260.0

1,137.0

9,546.0

4.57

57.2

31-Dec-97

40

45

Asiana Airlines

1,613.6

(1.9)

(283.8)

-17.6

50

6,177

67.0

31-Dec-97

41

48

Austrian Airlines

1,596.8

40.9

52.1

3.3

35

4,149

707.3

172.5

879.8

7,523.1

3.94

66.3

31-Dec-97

42

Garuda Indonesia

1,571.3

66.5

4.2

57

13,727

1,630.0

668.0

2,311.0

19,112.0

6.69

62.0

31-Dec-97

43

43

China Southern Airlines

1,541.0

282.5

137.0

8.9

111

7,820

1,391.0

350.0

1,741.0

17,810.0

15.24

65.4

31-Dec-97

44

41

Finnair

1,445.0

90.9

6.3

57

10,780

1,061.0

317.0

1,381.0

11,925.0

6.86

72.0

31-Mar-98

45

42

Aeroflot RIA

1,399.4

48.6

12.6

0.9

113

15,000

1,314.0

545.0

1,861.0

14,610.0

3.90

59.6

31-Dec-97

46

44

South African Airways

1,392.7

(6.9)

(60.1)

-4.3

53

10,612

1,349.5

480.4

1,829.9

15,320.4

5.10

64.0

31-Mar-98

47

47

THY Turkish Airlines

1,347.2

(18.9)

18.8

1.4

66

8,958

1,263.0

426.4

1,527.0

13,737.0

10.30

68.5

31-Dec-97

48

46

EVA Air

1,292.0

105.9

29.8

2.3

31

5,800

1,458.5

5,120.5

3,579.0

16,205.0

4.16

71.4

31-Dec-97

49

53

DHL Airways

1,225.7

77.4

(12.7)

-1.0

180

10,000

572.0

572.0

31-Dec-97

50

50

El Al

1,219.9

10.0

(4.2)

-0.3

28

3,407

1,078.0

1,210.0

2,288.0

11,980.0

2.90

72.5

31-Dec-97

51

54

Philippine Airlines

1,181.3

(29.2)

(95.2)

-8.1

57

13,587

1,534.6

404.1

1,961.0

15,734.5

7.31

63.0

31-Mar-97

52

52

TAP Air Portugal

1,155.4

46.9

8.5

0.7

31

8,000

789.5

234.6

1,041.0

8,773.0

4.40

71.0

31-Dec-97

53

60

Aeromexico

1,124.5

114.7

95.4

8.5

58

5,516

861.0

98.0

959.0

10,033.0

7.52

64.5

31-Dec-97

54

61

Emirates

1,113.6

109.5

71.5

6.4

22

4,978

1,052.0

722.0

1,774.0

11,381.0

3.68

70.0

31-Mar-98

55

75

Virgin Atlantic Airways

1,075.1

63.6

57.2

5.3

20

6,400

1,849.0

741.9

2,590.9

19,261.0

2.81

79.0

30-Apr-97

56

49

Aer Lingus

1,045.6

60.0

(59.9)

-5.7

32

5,620

562.0

129.0

692.0

6,450.0

5.26

75.4

31-Dec-97

57

62

China Eastern Airlines

1,030.1

76.3

7.4

52

6,291

869.0

401.0

1,270.0

9,826.0

6.83

64.4

31-Dec-97

58

55

Gulf Air

1,029.7

8.2

48.0

4.7

34

5,357

930.3

386.4

1,332.7

10,002.0

4.66

70.1

31-Dec-97

59

57

Olympic Airways

1,012.4

48.3

(25.1)

-2.5

37

8,540

839.4

128.6

982.5

8,935.8

5.80

67.7

31-Dec-97

60

56

Air-India

1,006.0

(82.7)

-8.2

28

18,441

1,096.0

398.0

1,559.0

11,968.0

3.05

68.3

31-Mar-97

61

59

Aerolineas Argentinas

998.2

(5.8)

2.8

0.3

33

4,913

1,062.1

216.5

1,278.6

10,999.4

4.22

67.6

31-Dec-97

62

63

Mexicana de Aviacion

975.9

111.4

119.5

12.2

47

6,579

902.0

69.5

972.0

10,383.2

7.44

66.9

31-Dec-97

63

58

British Midland

871.1

27.8

27.8

3.2

43

4,734

384.0

6.0

390.0

2,974.0

5.70

65.3

31-Dec-97

64

73

LanChile

864.7

70.3

64.1

7.4

26

4,884

606.7

943.3

1,550.0

6,741.6

2.65

62.7

31-Dec-97

65

67

Indian Airlines

819.0

(4.0)

-0.5

48

21,081

607.0

99.0

705.0

7,072.0

6.52

67.7

31-Mar-97

66

65

Pakistan International Airlines

817.0

(119.7)

-14.7

46

20,977

1,049.0

430.0

1,479.0

11,658.0

5.88

66.5

30-Jun-97

67

69

American Trans Air

783.2

13.5

1.6

0.2

43

3,690

1,241.8

1,241.8

13,796.7

5.30

72.8

31-Dec-97

68

70

Braathens

763.1

75.3

29.0

3.8

33

3,840

283.0

10.0

232.0

3,070.0

5.71

60.0

31-Dec-97

69

68

Martinair Holland

715.4

49.1

16.5

2.3

18

2,550

975.9

1,784.0

2,759.9

9,759.2

1.95

31-Dec-97

70

74

Avianca

708.8

36.5

4.2

0.6

32

3,400

411.3

32.5

443.8

4,569.9

3.87

67.0

31-Dec-97

71

66

Hapag-Lloyd

707.2

25

1,600

1,016.0

7.0

1,023.0

11,285.0

4.92

84.8

31-Dec-97

72

64

Transbrasil

679.6

(49.7)

68.0

10.0

24

4,201

476.6

139.7

616.3

5,469.6

2.90

59.2

31-Dec-97

73

77

Comair

651.2

161.6

102.2

15.7

96

2,500

256.0

256.0

2,847.3

5.36

59.5

31-Mar-98

74

71

AOM French Airlines

641.0

24

1,020

845.0

146.0

991.0

9,391.0

3.37

76.0

31-Dec-97

75

81

Airtours International

634.0

57.8

45.2

7.1

20

1,550

1,336.0

51.0

1,387.0

14,848.0

2.35

93.1

30-Sep-97

76

76

Monarch Airlines

625.3

56.1

18.1

2.9

20

2,439

993.8

7.1

1,000.9

11,838.1

4.53

89.6

30-Apr-98

77

83

Air Europa

570.0

2.9

2.4

0.4

32

2,019

877.0

877.0

10,336.0

6.34

70.3

31-Oct-97

78

79

Nippon Cargo Airlines

568.3

70.9

30.1

5.3

8

641

1,884.0

1,884.0

31-Mar-98

79

82

LOT Polish Airlines

563.2

15.4

(41.4)

-7.4

28

4,150

438.0

92.0

529.9

4,865.8

2.34

65.5

31-Dec-97

80

80

Tunisair

520.6

11.1

26.9

5.2

24

7,197

412.0

23.0

435.0

4,661.0

3.23

63.9

31-Dec-97

81

85

Mesa Airlines

511.0

(54.5)

(48.6)

-9.5

4,100

206.4

206.4

2,250.2

6.75

56.3

30-Sep-97

82

86

TAM

504.9

42.3

29.6

5.9

43

2,570

175.6

17.1

192.7

2,013.4

3.34

51.4

31-Dec-97

83

92

Cargolux

477.4

36.7

30.7

6.4

8

1,007

2,414.0

2,414.0

31-Dec-97

84

91

Tower Air

461.5

7.5

(3.9)

-0.8

17

1,969

522.0

59.0

582.0

6,083.8

1.30

76.4

31-Dec-97

85

90

Air 2000

449.3

46.0

17.5

3.9

17

1,548

992.0

1.2

993.2

11,205.0

4.90

91.5

31-Oct-97

86

103

Premiair

442.0

(0.8)

(5.0)

-1.1

13

1,014

759.1

759.1

8,433.9

93.7

30-Oct-97

87

105

American International Airways

426.5

(23.0)

(45.7)

-10.7

40

3,000

31-Dec-97

88

98

Air Algerie

423.1

13.3

5.9

1.4

39

9,009

326.9

13.1

340.0

3,632.5

3.83

70.0

31-Dec-97

89

95

Spanair

410.7

23

1,952

663.0

11.5

676.0

7,386.0

4.51

70.0

31-Oct-97

90

94

Hawaiian Airlines

404.2

2.5

(1.0)

-0.2

23

2,500

602.0

94.0

696.0

6,699.0

5.22

76.5

31-Dec-97

91

106

Atlas Air

401.0

56.0

23.4

5.8

17

640

31-Dec-97

92

89

Royal Jordanian Airlines

396.2

11.7

44.2

11.2

16

5,024

445.0

276.0

721.0

4,901.0

1.35

67.8

31-Dec-97

93

96

Atlantic Southeast Airlines

385.3

79.6

54.5

14.1

82

2,270

133.8

133.8

1,487.0

3.78

51.0

31-Dec-97

94

101

Reno Air

383.9

(10.7)

(12.3)

-3.2

31

2,258

452.0

452.0

5,027.0

5.53

66.5

31-Dec-97

95

97

Malév

360.0

(13.6)

(13.5)

-3.7

27

3,333

265.9

41.3

307.2

2,954.4

1.92

62.7

31-Dec-97

96

108

Eurowings

349.5

7.8

5.2

1.5

40

1,634

145.0

145.0

1,611.0

2.50

57.0

31-Dec-97

97

113

Midwest Express

344.6

38.5

24.9

7.2

24

2,150

185.0

185.0

2,060.0

1.65

64.1

31-Dec-97

98

117

Polar Air Cargo

343.5

6.3

(2.5)

-0.7

13

475

1,327.9

1,327.9

31-Dec-97

99

104

CSA Czech Airlines

342.6

1.1

2.8

0.8

22

3,852

260.8

24.6

285.4

2,897.9

1.73

66.8

31-Dec-97

100

128

Air Transat

328.7

17

1,230

882.3

882.3

9,802.4

2.43

88.8

31-Oct-97

TOTAL

287,518.3

18,561.3

9,458.4

3.3

9,790

1,493,868

218,124.1

112,132.1

328,075.9

2,399,589.3

1,240.7

70.9