Quarterly Earnings Visualized


(All numbers in millions USD)

Four times a year we are bombarded with numbers as companies report their earnings.  Through this onslaught of numbers, it is not difficult to find the relevant information on how an airline performed in that quarter.  Taking a visual approach to earnings provides a different perspective.

This week we visualize the three U.S. Legacy carriers Q2 earnings in the form of a sankey diagram.  This type of diagram shows the flow of revenues into the organization, and it’s exit out;  through operating expenses, non operating expenses, or income tax.  What’s left is net income.

These charts also illustrate the differences in each of the airlines’ reporting.  While all break down revenues by region, United splits out regional revenues, while Delta and American explicitly show loyalty program revenues.

Courtney Miller

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