| Pratt & Whitney Canada  May 22, 2017 PW306D1 Engine Customers Approved for On-Condition Maintenance ProgramFAST(TM) Solution Gives On-Condition Customers Added Benefit of Reduced Pay-Per-Hour ESP(TM) Program Rates GENEVA, SWITZERLAND--(Marketwired - May 22, 2017) - Pratt & Whitney Canada (P&WC) customers of the PW306D1 engine-powered Cessna Citation Latitude can now benefit from special ESP™pay-per-hour program rates if they are on the on-condition engine maintenance program and have the FAST™ (Flight, Acquisition, Storage and Transmission) diagnostics and prognostics solution installed on their aircraft. P&WC is a subsidiary of United Technologies Corp. (NYSE:UTX). Deeper insight into the condition of the engine through advanced analytics - coming from solutions like P&WC's FAST system - enable this tailored approach to engine maintenance, saving customers time and money by avoiding unnecessary downtime. Ultimately, P&WC can assess much of the condition of the engine without intrusive inspections or engine removals. PW306D1 engine-powered aircraft have the option, as part of their Engine Maintenance Manual, of conducting on-condition maintenance. "On-condition maintenance provides for greater aircraft availability, reduced costs for business jet customers and better dispatch reliability," said Tim Swail, Vice President, Customer Programs, P&WC. "It's another example of how we are using the latest technologies to tailor our solutions and programs to anticipate and meet the needs of our customers for whom time is a precious commodity." Among the company's expanding suite of Digital Engine Services, P&WC's turnkey FAST solution wirelessly captures and analyses full-flight engine data, looking at hundreds of engine parameters. P&WC's Oil Analysis Technology Program examines the minute particles within the oil that indicate the health of key oil-wetted components, such as bearings and gears, with high precision. "With this deep engine insight, we're able to offer on-condition maintenance programs and, in particular, our PW306D1engine customers enrolled in the ESP program with FAST installed will receive reduced coverage rates," continued Swail. P&WC has delivered more than 1,100 FAST systems to customers, which are providing deep engine insight on P&WC-powered business jets, regional airliners, helicopter and general aviation platforms. P&WC's Oil Analysis Technology Program continues to build momentum with its commercial rollout on PW306A engines at EBACE and nearly 4,000 engines enrolled in the ongoing customer trial. P&WC will be at EBACE 2017, booth 0105A. Interested operators are invited to drop by to speak with a marketing or customer service representative. About Pratt & Whitney Canada Founded in 1928, P&WC is a global leader in aerospace that is shaping the future of aviation with dependable, high-technology engines. Based in Longueuil, Quebec (Canada), P&WC is a subsidiary of United Technologies Corp. United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the global aerospace and building systems industries. Note to Editors: Follow us on Twitter (www.twitter.com/pwcanada) and Facebook (www.facebook.com/PrattWhitneyCanada) for our latest news and updates. CONTACT INFORMATION:
Jennifer Barron Pratt & Whitney Canada, Longueuil +1-450-677-9411 x75009 jennifer.barron@pwc.ca www.pwc.ca | |
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PW306D1 Engine Customers Approved for On-Condition Maintenance Program
P&WC Launches Innovative Oil Analysis Solution on PW306A Engines following Successful Customer Trials
| Pratt & Whitney Canada May 22, 2017 P&WC Launches Innovative Oil Analysis Solution on PW306A Engines following Successful Customer TrialsP&WC Continues to Expand its Offering of Advanced Digital Engine Services and Solutions for Business Aviation Customers GENEVA, SWITZERLAND--(Marketwired - May 22, 2017) - Pratt & Whitney Canada's ground-breaking Oil Analysis Technology is making its debut at EBACE 2017 as a commercially available solution on PW306A engine-powered business aviation aircraft. One of the many examples of P&WC's leadership in data-driven engine health, P&WC's Oil Analysis Solution will provide an innovative oil system prognostic capability, also playing a role in the company's new proactive help desk, which is also being launched at EBACE starting with the PW300 engine family. P&WC is a subsidiary of United Technologies Corp. (NYSE:UTX). "Innovative services like our Oil Analysis Technology and FAST™ (Flight, Acquisition, Storage and Transmission) prognostics solutions are allowing us to provide deeper levels of analysis and broaden the scope of our data-driven engine health management solutions - resulting in our ability to provide customers with a comprehensive, turnkey approach to Digital Engine Services," said Tim Swail, Vice President, Customer Programs, P&WC. "For our customers, time is a critical success factor for their business, and aircraft availability is an important enabler. Our solutions provide a high degree of visibility into the health and efficient operation of their engines without intrusive inspections, which enables a proactive and preventive approach. As a result we are helping to lower operating costs, save customers time and maximize the availability of their aircraft. We are also moving toward our ultimate goal, which is to support our customers' operations by enabling a more fully planned maintenance environment for the engines." The Oil Analysis Solution will enable P&WC to identify potential maintenance events at an early stage so they can be addressed proactively or avoided entirely. Customers will receive personalized reports and maintenance recommendations based on oil sample findings, enabling optimized shop-visit planning. What's more, PW306A engine customers who are enrolled in an Eagle Service Plan™ (ESP™) pay-per-hour program will benefit from the service at no additional cost for the rest of the year. The solution will be part of the standard ESP program for PW306A engines starting in 2018. P&WC has developed and optimized the oil analysis program by working closely with operators, FBOs and aircraft OEMs. Many of them have taken part in an ongoing customer trial as early adopters to help diversify the oil sample base and calibrate the technology across a variety of P&WC engine models. To date, nearly 4,000 oil samples have been received across all engine families. With trials continuing on other engine models, the solution will keep evolving as our knowledge base continues to grow. The Oil Analysis Technology program complements P&WC's FAST solution. The FAST solution captures full-flight engine and aircraft data on hundreds of performance-related parameters, and transmits the data wirelessly for analysis after the pilot shuts down the engines, to provide near-real-time situational awareness about engine health, usage and trends. With solutions such as these, P&WC is leading the way in facilitating advanced, proactive and preventative engine health management so that customers can reduce their costs and workload, increase their efficiency and enjoy greater peace of mind. P&WC will be at EBACE 2017, booth 0105A. Interested operators are invited to drop by to speak with a marketing or customer service representative. About Pratt & Whitney Canada Founded in 1928, P&WC is a global leader in aerospace that is shaping the future of aviation with dependable, high-technology engines. Based in Longueuil, Quebec (Canada), P&WC is a subsidiary of United Technologies Corp. United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the global aerospace and building systems industries. Note to Editors: Follow us on Twitter (www.twitter.com/pwcanada) and Facebook (www.facebook.com/PrattWhitneyCanada) for our latest news and updates. CONTACT INFORMATION:
Jennifer Barron Pratt & Whitney Canada, Longueuil +1-450-677-9411 x75009 jennifer.barron@pwc.ca www.pwc.ca | |
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Business Aviation Customers operating PW300 Engines are First to Benefit from P&WC's New "Proactive Help Desk" under its Digital Engine Services Suite
| Pratt & Whitney Canada May 22, 2017 Business Aviation Customers operating PW300 Engines are First to Benefit from P&WC's New "Proactive Help Desk" under its Digital Engine Services SuiteP&WC Launches Personalized Service to PW300 Engine Customers Enrolled in the ESP(TM) Pay-Per-Hour Program GENEVA, SWITZERLAND--(Marketwired - May 22, 2017) - Pratt & Whitney Canada (P&WC) is launching a "proactive help desk" under its suite of Digital Engine Services as a next step in providing preventative, data-driven maintenance management and "consulting services" support to customers. It will be rolled out to other engine families in the future, including the new PurePower™ PW800 engine family. P&WC is a subsidiary of United Technologies Corp. (NYSE:UTX). The proactive help desk will be first introduced to customers whose PW300 engines are covered under P&WC's Eagle Service™ Plan (ESP™ Program) pay-per-hour maintenance program. The new program adds value and differentiation to P&WC's offerings to business aviation customers who have invested in ESP program coverage and P&WC's advanced diagnostics and prognostics solutions. "P&WC's proactive help desk will be supported by a dedicated team of aviation technicians and data analysts addressing customers' needs through the use of data-driven decision making and preventative maintenance tools and practices," said Tim Swail, Vice President, Customer Programs, P&WC. "The team, which will continue to expand as the service is rolled out to other engine families, conducts daily reviews of customer data from sources such as our FAST™ (Fight data Acquisition, Storage and Transmission) solution, to identify and flag maintenance requirements so they can be addressed during scheduled field interventions. Our proactive help desk is one of a number of steps we are taking to move all customers toward more fully planned maintenance environments." Its goal is to increase aircraft availability and reduce costs by leveraging engine monitoring, trend analysis and alerts to provide the ability to schedule field interventions in advance of a potential event - minimizing downtime and in some cases resolving issues before they occur or avoiding them entirely. "Data provided by our new Oil Analysis Technology will also play a role in our proactive help desk service by allowing for a highly accurate assessment of key oil-wetted components, and we are also launching this technology commercially for PW306A engine customers," explained Swail. "For the PW306A engine now, and other engines in the future, we see our FAST and Oil Analysis solutions as complementary steps toward an all-encompassing view of the health and efficiency of in service engines." The company's FAST solution captures full-flight engine data, looking at hundreds of engine parameters and wirelessly transmits it for analysis after the pilot shuts down the engine. The Oil Analysis Technology examines minute particles within the oil that indicate the health of oil-wetted components, such as bearings and gears which are critical to engine operation, with high precision. P&WC has delivered more than 1,100 FAST systems to customers, which are providing deep engine insight on P&WC-powered business jets, regional airliners, helicopter and general aviation platforms. P&WC's oil analysis technology program continues to build momentum with its commercial rollout on PW306A engines at EBACE and nearly 4,000 engines enrolled in the ongoing customer trial. P&WC will be at EBACE 2017, booth 0105A. Interested operators are invited to drop by to speak with a marketing or customer service representative. About Pratt & Whitney Canada Founded in 1928, P&WC is a global leader in aerospace that is shaping the future of aviation with dependable, high-technology engines. Based in Longueuil, Quebec (Canada), P&WC is a subsidiary of United Technologies Corp. United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the global aerospace and building systems industries. Note to Editors: Follow us on Twitter (www.twitter.com/pwcanada) and Facebook (www.facebook.com/PrattWhitneyCanada) for our latest news and updates. CONTACT INFORMATION:
Jennifer Barron Pratt & Whitney Canada, Longueuil +1-450-677-9411 x75009 jennifer.barron@pwc.ca www.pwc.ca | |
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P&WC to Deliver Predictive and Preventive Maintenance to PT6A Engine-Powered Beechcraft King Air Customers through FAST(TM) Prognostics Solution
| Pratt & Whitney Canada May 22, 2017 P&WC to Deliver Predictive and Preventive Maintenance to PT6A Engine-Powered Beechcraft King Air Customers through FASTTM Prognostics SolutionFAST(TM) Solution to Help PT6A Engine-Powered Beechcraft King Air Customers Reduce Costs, Increase Availability and Enable More Planned "Data-Driven" Maintenance Environment GENEVA, SWITZERLAND--(Marketwired - May 22, 2017) - Pratt & Whitney Canada's turnkey FAST™ (Flight, Acquisition, Storage and Transmission) engine prognostics solution has been FAA and EASA certified for PT6A engine-powered Beechcraft King Air B200 and B300 series of aircraft, bringing new levels of data-driven engine health management to one of the most popular aircraft of its kind in the world. Through deep engine insight provided by the FAST solution, P&WC will help Beechcraft King Air customers optimize maintenance planning, reduce costs and pilot workload, as well as improve aircraft availability. P&WC is a subsidiary of United Technologies Corp. (NYSE:UTX). "The FAST solution is one of a number of ways we are helping customers move toward our ultimate goal of a more fully planned maintenance environment," says Tim Swail, Vice President, Customer Programs, P&WC. "We have delivered over 6,000 Diagnostics, Prognostics and Health Management systems, including the FAST solution, across all segments and are seeing increasing demand for FAST technology and its prognostics capabilities. We now have the FAST solution certified for the PT6A-140A-powered Caravan EX and the PT6A-powered King Air B200/300 series. We are in active discussions with several OEM's and working on additional certifications to bring this capability across the PT6 engine family." P&WC continues to enhance engine and aircraft "connectivity" through its ability to provide customers with rapid insight and situational awareness about engine and aircraft health, usage and trends. The FAST solution automates the capture and analysis of a wide range of full-flight engine and aircraft parameters and can provide wireless access to encrypted and secure FDR data minutes after the pilot shuts down the engine. Unlike many avionics systems, which still require manual intervention to off-load data from the aircraft, the FAST solution enables wireless transmission and the ability to capture complete mission data - from engine start to shut down. Once provided with this comprehensive full-flight data, P&WC is able to analyze and share it with customers and maintenance crews so they can more quickly have meaningful information about their engine and aircraft at their fingertips. To date, more than 1,100 FAST solutions have been delivered across all platforms. In addition to the certification of the FAST solution for the Beechcraft King Air B200 and B300 series, as well as PT6A engine-140-powered Cessna Grand Caravan EX aircraft, the FAST solution provides deep engine insight on P&WC-powered business jets, regional airliners, helicopter and general aviation platforms. P&WC will be at EBACE 2017, booth 0105A. Interested operators are invited to drop by to speak with a Marketing or Customer Service representative. About Pratt & Whitney Canada Founded in 1928, P&WC is a global leader in aerospace that is shaping the future of aviation with dependable, high-technology engines. Based in Longueuil, Quebec (Canada), P&WC is a subsidiary of United Technologies Corp. United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the global aerospace and building systems industries. Note to Editors: Follow us on Twitter (www.twitter.com/pwcanada) and Facebook (www.facebook.com/PrattWhitneyCanada) for our latest news and updates. CONTACT INFORMATION:
Jennifer Barron Pratt & Whitney Canada, Longueuil +1-450-677-9411 x75009 jennifer.barron@pwc.ca www.pwc.ca | |
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Pratt & Whitney Canada Leadership in Business Aviation
| Pratt & Whitney Canada May 19, 2017 Pratt & Whitney Canada Leadership in Business AviationP&WC powers some of the most successful and iconic business aircraft in the world due to a history of continuous innovation, new products and a passion for customer service GENEVA, SWITZERLAND--(Marketwired - May 19, 2017) - Note to Editors: There are five photos associated with this press release. Pratt & Whitney Canada (P&WC) today highlighted a number of achievements related to its turbofan engine families that demonstrate the company's leadership in the business jet sector. P&WC is a subsidiary of United Technologies Corp. (NYSE:UTX). "Our PW300 engine family, with a power capability that ranges from 4,700 to 8,000 pounds thrust, has proven itself time and again to be the go-to powerplant for a wide variety of business jets in the medium to large cabin classes," said Michael Perodeau, Vice President, Marketing, Business Aviation, P&WC. "A number of our PW300 programs are achieving flight-hour milestones that speak to the sustained popularity of these engines, their operating efficiencies and their durability. This complements the experience gained on our other, smaller turbofan models, and together provides the foundation for developing our larger PurePower® PW800 family of engines. High levels of flying hours mean we have extensive sources of data across the whole spectrum of operating environments to enable us to:
An Impressive Record of Engine Flying Hours and Engine Models Perodeau points out that the company's PW307A/D engines - which power the Dassault Falcon 7X and Falcon 8X respectively, have recently surpassed 1.5 million hours of flight time. The Cessna Citation Latitude, powered by the PW306D1 engine, was the most delivered mid-sized jet in 2016 with 42 aircraft delivered. The PW306 series engine has accumulated some two million flight hours, and the PW308C engine which powers the Falcon 2000LXS and S aircraft from Dassault is rapidly approaching 2 million hours in service. "In as much as the PW300 engine family was built from the learnings of our original turbofan engine program, the JT15D, the PW300 serves as a foundation from which we have built subsequent engine programs," says Perodeau. "Our PW500 and PW600 engine families are also celebrating important milestones with Embraer. This March, the first Phenom 100 EV (PW617F1-E engine) aircraft was delivered by Embraer, complemented by the delivery of the 400th Phenom 300 (PW535E engine). Moreover, on May 19, the PW617F1-E engine was granted European Aviation Safety Agency (EASA) validation adding to the list of milestones in P&WC's turbofan engine family. The arc of gas turbine innovation and learning we've followed over the past 88 years, which includes 37 engine turbofan engine models certified in the last 46 years, continues today with the PurePower PW800 engine which has received FAA approval and is poised for Entry into Service by the end of this year, ahead of schedule." Customer Service Solutions for Peace of Mind and Availability Business Aviation engine operators can count on the support from our worldwide network and experienced service experts. Our customers have access to P&WC's Eagle Service Plan™ (ESP®), a flexible pay-per-hour plan that offers peace of mind by helping to plan maintenance costs and maximize aircraft availability. Our customer service solutions are a testament to P&WC's commitment to rapid, customized service that addresses operators' changing needs. More information about the ESP® program is available at www.pwc.ca/service-support. About Pratt & Whitney Canada Founded in 1928, P&WC is a global leader in aerospace that is shaping the future of aviation with dependable, high- technology engines. Based in Longueuil, Quebec (Canada), P&WC is a subsidiary of United Technologies Corp. United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the global aerospace and building systems industries. This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to challenges in the design, development, production, support, performance, and realization of anticipated benefits of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corp.'s Securities and Exchange Commission filings. Note to Editors: For more information, visit our media page at www.pwc.ca/ebace-media. Follow us on Twitter (www.twitter.com/pwcanada) and Facebook (www.facebook.com/PrattWhitneyCanada) for our latest news and updates. To view the photos associated with this press release, please visit the following links: http://www.marketwire.com/library/20170519-PW307D_LRG.jpg http://www.marketwire.com/library/20170519-PW308C_LRG.jpg http://www.marketwire.com/library/20170519-PW535E_LRG.jpg CONTACT INFORMATION:
Isabelle Gagne Pratt & Whitney Canada, Longueuil 1+514-262-3497 isabelle.gagne@pwc.ca www.pwc.ca |
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PurePower(R) PW800 Engine Accelerating Rapidly towards Entry into Service
| Pratt & Whitney Canada May 19, 2017 PurePower® PW800 Engine Accelerating Rapidly towards Entry into ServicePurePower PW800 jet engines have surpassed a remarkable 13,000 test hours, including over 6,000 hours on P&WC's Flying Test Bed and Gulfstream's G500 and G600 flight test aircraft GENEVA, SWITZERLAND--(Marketwired - May 19, 2017) - Note to Editors: There are two photos associated with this press release. Pratt & Whitney Canada (P&WC) revealed today that its PurePower PW800 engine is completing preparations for Entry into Service (EIS) by the end of this year, ahead of schedule after achieving a number of recent milestones. This ground-breaking powerplant is the only new engine in its thrust class that's on the verge of entering service. P&WC is a subsidiary of United Technologies Corp. (NYSE:UTX). Technology-ready "The PurePower PW800 has demonstrated that it's technology-ready through thousands of hours of rigorous ground and flight testing, during which it has surpassed expectations," said Scott McElvaine, Vice President, Marketing & Customer Service, PurePower PW800 engines. Testing on the engine has reached the milestone of more than 13,000 hours, including over 6,000 hours on P&WC's Flying Test Bed and on Gulfstream's G500 and G600 flight test aircraft. It has been a busy few months for the new engine: it powered the first flight of Gulfstream's G600 in December, 2016, received FAA certification on February 14, 2017, and certification from the EASA is expected soon. This follows a number of entry into service-related activities, including the completion of initial technical publications for the engine, the commencement of engine maintenance training, and the readying of P&WC's industry-leading global support network - including its parts distribution centres - now fully equipped to deliver skilled, dedicated assistance to operators around the world. "When customers are ready to fly their PurePower PW800 equipped aircraft, we expect to be there for them," noted McElvaine, "including those who choose to enroll their engines in our premium coverage pay-per-hour maintenance program. ESP® PurePower® PW800: Enrolling Now As of now, customers can enroll in the ESP PurePower PW800 engine service plan. This premium, white-glove support solution is tailored to owners' and operators' specific needs. It helps ensure their peace of mind by pairing the engine's performance with a comprehensive suite of technical, maintenance and support offerings. An original equipment manufacturer (OEM)-backed service plan for PurePower PW800 engines, this plan offers the reassurance of a predictable and prevention-based maintenance environment that is designed to optimize aircraft productivity and performance. This plan provides comprehensive coverage for scheduled and unscheduled heavy and line maintenance, combining numerous all-inclusive services - from engine wash, borescope inspections and troubleshooting support, to immediate access to technical experts available 24/7 to keep aircraft flying. Thoughtfully Designed with Customers in Mind Every aspect of the PurePower PW800 engine has been thoughtfully designed with the convenience, comfort and satisfaction of owners, operators, maintainers, pilots and passengers in mind. It is optimized to provide a benchmark passenger experience, with the low-noise design and low vibration levels for an exceptionally quiet cabin. What's more, it is designed to offer best-in-class availability and ease of maintenance. With a predicted 99.99% dispatch reliability, the robust powerplant design and maintainability features is expected to provide increased peace of mind for customers. It is expected to require 40% less scheduled maintenance (on wing) and 20% fewer inspections than other engines in its class. The time on wing is also superior to any other engine of its kind, with the first shop visit targeted at 10,000 hours or beyond. P&WC will be at EBACE 2017 in Geneva from May 22 to May 24. Please join us at booth 0105A to learn more about our cutting-edge engines - including the PurePower PW800 engine - and customer service offerings. About Pratt & Whitney Canada Founded in 1928, P&WC is a global leader in aerospace that is shaping the future of aviation with dependable, high-technology engines. Based in Longueuil, Quebec (Canada), P&WC is a subsidiary of United Technologies Corp. United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the global aerospace and building systems industries. This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to challenges in the design, development, production, support, performance, and realization of anticipated benefits of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corp.'s Securities and Exchange Commission filings. Note to Editors: For more information, visit our media page at www.pwc.ca/ebace-media. Follow us on Twitter (www.twitter.com/pwcanada) and Facebook (www.facebook.com/PrattWhitneyCanada) for our latest news and updates. To view the photos associated with this press release, please visit the following links: CONTACT INFORMATION:
Isabelle Gagne Pratt & Whitney Canada, Longueuil 1+514-262-3497 isabelle.gagne@pwc.ca www.pwc.ca |
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Pratt & Whitney Canada Produces 100,000th Engine: Demonstrates Continued Focus on Driving Innovation
| Pratt & Whitney Canada May 2, 2017 Pratt & Whitney Canada Produces 100,000th Engine: Demonstrates Continued Focus on Driving InnovationMilestone is a testament to long-established commitment to investing in R&D - company ranks among top Canadian R&D investors LONGUEUIL, QUEBEC--(Marketwired - May 2, 2017) - Pratt & Whitney Canada (P&WC) celebrated the production of its 100,000th engine this month, as a testament to P&WC's longevity and leadership in the global aerospace market. P&WC is a subsidiary of United Technologies Corp. (NYSE:UTX). Today, P&WC has 60,000 in-service engines operated by 12,300 customers in more than 200 countries and territories worldwide. Its engine families span across general aviation, regional turboprops, business aviation, civil helicopters and auxiliary power units (APUs), and total an impressive 730 million flight hours logged. The company has a rich history of innovation, powered by its world-class employees and P&WC investment in technology. Every second, a P&WC-powered aircraft takes off or lands somewhere on the planet. These flights matter: powering humanitarian missions, emergency medical services, search and rescue, reuniting families, driving commerce, and so much more. Operators around the world bring their P&WC engines back home to P&WC facilities for maintenance and repair to sustain these missions. P&WC's success has been built through numerous achievements in all of its 14 engine families:
In the coming weeks and months, P&WC will continue to celebrate its 100,000th engine milestone, recognizing all the families of products and many accomplishments that have marked P&WC's journey. About Pratt & Whitney Canada Founded in 1928, P&WC is a global leader in aerospace that is shaping the future of aviation with dependable, high-technology engines. Based in Longueuil, Quebec (Canada), P&WC is a subsidiary of United Technologies Corp. United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the global aerospace and building systems industries. Note to editors Follow us on Twitter (https://twitter.com/pwcanada) and Facebook (https://www.facebook.com/PrattWhitneyCanada) for our latest news and updates. CONTACT INFORMATION:
Isabelle Gagne Pratt & Whitney Canada +1.514.262.3497 isabelle.gagne@pwc.ca www.pwc.ca | |
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BTS Statistics Release: 2016 Annual and 4th Quarter Airline Financial Data
BTS 23-17 Tuesday, May 2, 2017 Contact: Dave Smallen Tel: 202-366-5568
BTS Statistics Release: 2016 Annual and 4th Quarter Airline Financial Data
U.S. scheduled passenger airlines reported an after-tax net profit of $13.5 billion in 2016, down from $24.8 billion in 2015, the U.S. Department of Transportation's Bureau of Transportation Statistics (BTS) reported today.
The 25 U.S. scheduled service passenger airlines reported an after-tax net profit as a group for the seventh consecutive year.
In addition to the after-tax net profit of $13.5 billion based on net income reports, the scheduled service passenger airlines reported a $24.8 billion pre-tax operating profit in 2016, down from $28.0 billion in 2015. The airlines reported a pre-tax operating profit - as a group - for the eighth consecutive year.
Net profit or loss and operating profit or loss are two different measures of airline financial performance. Net profit or loss includes non-operating income and expenses, nonrecurring items or income taxes. Operating profit or loss is calculated from operating revenues and expenses before taxes and other nonrecurring items.
Total operating revenue for the 25 U.S. scheduled passenger airlines in 2016 was $168.2 billion. Airlines collected $125.2 billion from fares, 74.5 percent of total 2016 operating revenue.
Total operating expenses for all passenger airlines in 2016 were $143.3 billion, of which fuel costs accounted for $22.4 billion, or 15.6 percent, and labor costs accounted for $49.7 billion, or 34.7 percent.
In 2016, passenger airlines collected a total of $4.2 billion in baggage fees, 2.5 percent of total operating revenue, and $2.9 billion from reservation change fees, 1.7 percent of total operating revenue. Fees are included for calculations of net income, operating revenue and operating profit or loss.
Baggage fees and reservation change fees are the only ancillary fees paid by passengers that are reported to BTS as separate items. Other fees, such as revenue from seating assignments and on-board sales of food, beverages, pillows, blankets, and entertainment are combined in different categories and cannot be identified separately.
Domestic From domestic operations, U.S. scheduled passenger airlines reported an after-tax net profit of $9.8 billion in 2016, down from $18.0 billion in 2015.
The 25 U.S. scheduled service passenger airlines reported an after-tax net profit from domestic operations as a group for the fourth consecutive year.
In addition to the after-tax net profit of $9.8 billion based on net income reports, the scheduled service passenger airlines reported a $19.4 billion pre-tax operating profit from domestic operations in 2016, down from $20.8 billion in 2015. The airlines reported a pre-tax operating profit from domestic operations - as a group - for the eighth consecutive year.
International The 17 U.S. scheduled passenger airlines that operate internationally reported an after-tax net profit of $3.8 billion in 2016 from their international operations, down from $6.8 billion in 2015.
The 17 U.S. scheduled service passenger airlines reported an after-tax net profit from international operations as a group for the seventh consecutive year.
In addition to the after-tax net profit of $3.8 billion based on net income reports, the scheduled service passenger airlines reported a $5.5 billion pre-tax operating profit from international operations in 2016, down from $7.2 billion in 2015. The airlines reported a pre-tax operating profit from international operations - as a group - for the eighth consecutive year.
4th Quarter Results for All Scheduled Passenger Airlines U.S. scheduled passenger airlines reported an after-tax net profit of $2.0 billion in the fourth quarter of 2016, down from $3.8 billion in the third quarter of 2016 and down from $6.9 billion in the fourth quarter of 2015.
The 25 U.S. scheduled service passenger airlines reported an after-tax net profit as a group for the 15th consecutive quarter.
In addition to the after-tax net profit of $2.0 billion based on net income reports, the scheduled service passenger airlines reported a $4.1 billion pre-tax operating profit in the fourth quarter of 2016, down from $7.2 billion in the third quarter of 2016 and down from $5.9 billion in the fourth quarter of 2015. The airlines reported a pre-tax operating profit - as a group - for the 23rd consecutive quarter.
See BTS Airline Financials Release for summary tables and additional data. See airline financial data press releases and the airline financial databases for historic data.
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