Q3 2025 Airline Profits in Trump Slump

U.S. Scheduled Passenger Airlines Quarterly Net Income – Courtesy of and Copyright Bureau of Transportation Statistics – 16 Dec 2025

Ken Zino of AutoInformed.com on Q3 2025 Airline Profits in Trump Slump

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US Airlines net profit was $1.6 billion in Q3 2025, a decrease of profit compared to Q3 2024 of $2.1 billion, according to the Bureau of Transportation Statistics (BTS) today.

“U.S. scheduled passenger airlines reported a third-quarter 2025 after-tax net income of $1.6 billion and a pre-tax operating profit of $2.7 billion. One year earlier, in the third quarter of 2024, the airlines reported an after-tax net income of $2.1 billion and a pre-tax operating profit of $3.1 billion,” BTS said in a release.

U.S. Scheduled Passenger Airlines After-Tax Net Income
• $1.6 billion gain in Q3 2025
• Compared to $4.0 billion gain in Q2 2025
• Compared to $2.1 billion gain in Q3 2024

Pre-tax Operating Profit
• $2.7 billion gain in Q3 2025
• Compared to $5.0 billion gain in Q2 2025
• Compared to $3.1 billion gain in Q3 2024

Total Q3 2025 Operating Revenue $64.6 billion
• Share of total Q3 2025 operating revenue
• Fares $47.6 billion, 73.6% compared to 75.5% in Q3 2024
• Baggage fees $2.0 billion, 3.1% compared to 3.0% in Q3 2024
• Reservation change fees $275 million, 0.4% compared to 0.4% in Q3 2024
(Fees are included for calculations of net income, operating revenue and operating profit or loss.)

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