Total Revenue (Ex- Transport Related) per Equivalent Seat Mile (TRESM ex Transport Related)
STAGE LENGTH ADJUSTED
Cents per Equivalent Seat Mile
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
American            10.51            10.95            11.28            11.44            10.80            11.96            10.76              9.43              9.84              9.97            10.73            11.72            12.05            12.63            11.60            12.80            13.57         14.13         14.47         14.85         13.75         13.13
Continental              8.37              9.44            10.04            10.13            10.08            11.26            10.31            10.14            10.41            10.46            11.18            12.07            12.68            13.60            12.13            13.88            15.19                -                  -                  -                  -                  -  
Delta              8.84              9.02              9.28              9.42              9.30              9.69              8.62              8.48            10.63              9.65              9.16            10.46            11.70            12.92            11.70            12.85            13.98         14.70         14.91         15.36         14.82         14.09
Northwest              9.91            10.05              9.94              9.03              9.41            10.12              9.18              9.09              9.29              9.82            10.48            11.59            11.70            12.75            10.95                   -                     -                  -                  -                  -                  -                  -  
United              9.84            10.37            10.63            10.46            10.37            11.27              9.78              9.49              9.63            10.10            11.05            11.85            12.68            13.37            11.50            14.09            15.45         15.42         15.87         16.36         15.60         14.57
US Airways              9.17            10.12            10.39            10.46              9.80              9.79              8.66              8.25              8.82              8.60              8.53            15.35            13.78            10.78              9.96            11.10            12.07         12.42         12.75         13.33                -                  -  
America West              7.07              7.23              7.31              7.54              7.79              8.01              7.18              7.16              7.70              7.47              8.40                   -                     -                     -                     -                     -                     -                  -                  -                  -                  -                  -  
 --sub Network           9.52           9.97         10.21         10.13           9.95         10.68           9.56           9.12           9.79           9.78         10.22         11.31         11.90         12.74         11.37         12.96         14.06      14.51      14.86      15.33      14.72      13.94
Southwest              5.37              5.72              5.91              6.08              6.31              6.83              6.21              5.95              6.14              6.31              6.72              7.40              7.49              8.04              7.93              9.19              9.90         10.16         10.37         10.96         11.16         11.02
jetBlue                   -                     -                     -                     -                     -                7.19              7.62              8.37              8.13              7.49              7.92              8.40              8.70            10.05              9.43            10.15            11.16         11.44         11.66         11.91         12.15         11.55
AirTran                   -                     -                6.71              6.25              6.76              7.97              7.58              6.60              7.00              6.74              7.41              7.72              8.11              8.66              8.13              8.82              9.68                -                  -                  -                  -                  -  
Frontier              5.67              6.99              6.66              8.14              8.44            10.50              9.03              8.35              8.04              7.82              8.66              8.70              8.53              9.48              8.45              9.86            12.22         10.87         10.56         10.67           9.16           7.50
Virgin America                   -                     -                     -                     -                     -                     -                     -                     -                     -                     -                     -                     -                1.96              8.79              8.97            10.84            12.07         12.11         12.68         13.10         12.77         12.23
 -- sub LCC           5.37           5.74           6.02           6.24           6.49           7.11           6.53           6.29           6.57           6.64           7.15           7.74           7.90           8.71           8.33           9.47         10.41      10.66      10.90      11.38      11.41      11.03
Alaska              7.25              7.57              8.11              8.09              8.37              9.00              8.61              8.34              8.53              8.78              9.42            10.10            10.18            10.75            10.63            11.56            12.51         12.97         13.43         13.04         12.36         11.93
Hawaiian              4.52              4.70              4.82              4.86              8.20              5.51              5.49              6.80              7.41              8.13              8.23              8.24              8.19              9.25              8.31              9.16            10.38         10.39         10.53         10.82         10.45         10.78
Spirit              7.72              6.77              6.67              7.62              7.22              7.73              8.20              7.52              7.96              7.58              8.05              8.79              8.39              8.77              8.47              8.65            10.10         10.15         10.64         10.60           9.17           8.30
Allegiant                   -                     -                     -                     -                     -                     -                     -                     -                     -                8.54              8.29              8.01              8.46            10.04              7.87              8.26              9.21           9.38           9.66           9.92           8.94           8.08
 -- sub Other           6.76           6.96           7.31           7.39           8.22           7.99           7.84           8.04           8.18           8.60           9.07           9.51           9.41         10.19           9.66         10.33         11.37      11.51      11.78      11.70      10.75      10.25
Base Length of Haul                839                869                886                909                931                935                955                967            1,005            1,039            1,060            1,085            1,092            1,114            1,125            1,153            1,167         1,184         1,195         1,199         1,186         1,174
Note:   Stage Length Adjustment formula:  ((observed length of haul/base length of haul [15 carrier average])^.5) times respective carrier TRASM ex Transport Related.
Data Source:  US DOT Form 41 via BTS, Schedules P12 & T2.