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Flying High: The Top Ten Airline Routes by Revenue

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Top airline routes by revenue

Flying High: The Top 10 Airline Routes by Revenue

The airline industry is a tough business. Profit margins are narrow, airplanes are expensive to run and maintain, and government regulation and taxation can be onerous and unpredictable.

In addition, demand can stall by the outbreak of disease, recession, war, or terrorism. So when a company has a winning airline route, it makes all the difference to a company’s bottom line.

Today’s visualization uses data from OAG Aviation Worldwide, which tracked the airline routes that generated the most revenue from April 2018 to March 2019.

Top 10 Highest Revenue Routes by Airline

North American routes dominate the global rankings. However, it is the connections from the U.S Northeast and Europe that generate the most revenue and often the most delays.

Only one route breaks the billion dollar barrier: British Airways’ service between London Heathrow Airport (LHR) and New York’s John F. Kennedy Airport (JFK).

AirlineAirport PairCountriesTotal Revenue US$ 2018/19
British AirwaysJFK-LHR🇺🇸🇬🇧$1,159,126,794
Qantas AirlinesMEL-SYD🇦🇺$849,260,322
EmiratesLHR-DXB🇬🇧🇦🇪$796,201,645
Singapore AirlinesLHR-SIN🇬🇧🇸🇬$735,597,614
United AirlinesSFO-EWR🇺🇸$689,371,368
American AirlinesLAX-JFK🇺🇸$661,739,368
Qatar AirwaysLHR-DOH🇬🇧🇶🇦$639,122,609
Cathay Pacific AirwaysHKG-LHR🇭🇰🇬🇧$604,595,063
Singapore AirlinesSYD-SIN🇦🇺🇸🇬$549,711,946
Air CanadaYVR-YYZ🇨🇦$541,122,509

Air Canada’s route between Vancouver and Toronto bottoms out the list with $541 million of revenue in 2019. Low population density, high infrastructure costs, and an aviation industry that is essentially an oligopoly, are all factors driving up ticket costs in Canada.

North America, Top 10 Highest Revenue Routes by Airline

Here’s a look at only the top-grossing routes connected to North America, including the prior ones that made the global list.

AirlineAirport PairCountriesTotal Revenue US$ 2018/19
British AirwaysJFK-LHR🇺🇸🇬🇧$1,159,126,794
United AirlinesSFO-EWR🇺🇸$689,371,368
American AirlinesLAX-JFK🇺🇸$661,739,788
Air CanadaYVR-YYZ🇨🇦$541,122,509
British AirwaysBOS-LHR🇺🇸🇬🇧$523,527,241
Air FranceJFK-CDG🇺🇸🇫🇷$486,378,698
United AirlinesLAX-EWR🇺🇸$479,908,312
Cathay Pacific AirwaysJFK-HKG🇺🇸🇭🇰$475,514,451
Delta Air LinesLAX-JFK🇺🇸$465,130,366
British AirwaysLAX-LHR🇺🇸🇬🇧$452,136,502

Transcontinental routes dominate the domestic market with LAX–JFK appearing twice in the ranking for both American and Delta Air Lines.

Asia, Top 10 Highest Revenue Routes by Airline

Despite Asia’s rise as an economic superpower, there are no routes that break the billion dollar barrier. Singapore Airlines’ Singapore (SIN) to London’s Heathrow (LHR) tops the list, generating $736 million in 2019.

AirlineAirport PairCountriesTotal Revenue US$ 2018/19
Singapore AirlinesSIN-LHR🇸🇬🇬🇧$735,597,614
Cathay Pacific AirlinesHKG-LHR🇭🇰🇬🇧$604,595,063
Singapore AirlinesSIN-SYD🇸🇬🇦🇺$549,711,946
Vietnam AirlinesSGN-HAN🇻🇳$488,487,259
Cathay Pacific AirlinesHKG-JFK🇭🇰🇺🇸$475,514,451
Japan AirlinesOKA-HND🇯🇵$447,224,346
Singapore AirlinesCGK-SIN🇮🇩🇸🇬$436,905,694
Japan AirlinesFUK-HND🇯🇵$431,457,469
Singapore AirlinesSIN-MEL🇸🇬🇦🇺$414,276,407
Cathay Pacific AirlinesHKG-SIN🇭🇰🇸🇬$389,910,239

The routes that dominate Asia connect the financial hubs of London, New York, Singapore, and Hong Kong. There are also two domestic routes in Japan, connecting both Fukuoka (FUK) and Okinawa (OKA) to Tokyo’s Haneda (HND) airport.

Africa, Top 10 Highest Revenue Routes by Airline

At the top of the ranking in Africa is Johannesburg (JNB) to Dubai International Airport (DXB) with revenues of $315 million. Dubai has become an important hub for high value flights arriving and departing Africa, a position that may prove profitable as air traffic on the continent increases in coming years.

AirlineAirport PairCountriesTotal Revenue US$ 2018/19
EmiratesJNB-DXB🇿🇦🇦🇪$315,678,326
British AirwaysJNB-LHR🇿🇦🇬🇧$295,167,492
Saudi Arabian AirlinesCAI-JED🇪🇬🇸🇦$242,155,949
TAAG Angola AirlinesLAD-LIS🇦🇴🇵🇹$231,155,949
South African AirlinesJNB-CPT🇿🇦$184,944,128
EmiratesCAI-DXB🇪🇬🇦🇪$181,392,011
EmiratesCPT-DXB🇿🇦🇦🇪$176,743,498
Air FranceABJ-CDG🇨🇮🇫🇷$174,986,272
British AirwaysCPT-LHR🇿🇦🇬🇧$174,605,201
EmiratesMRU-DXB🇲🇺🇦🇪$163,952,609

Despite the smaller earnings compared to larger markets, some airline companies see the potential for growth in Africa. Virgin Atlantic will fly a route between London’s Heathrow and Cape Town in South Africa, while Qatar Airlines acquired a stake in RwandAir.

Financial Hubs

The cities that appear in the top revenue ranking are revealing. Since business and first class travelers are such an important revenue driver, it makes sense that connections between the world’s financial hubs are delivering big value to airlines.

As Asian and African economies continue to evolve, what route could be the next billion dollar route for airlines?

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United States

Charted: U.S. Median House Prices vs. Income

We chart the ever-widening gap between median incomes and the median price of houses in America, using data from the Federal Reserve from 1984 to 2022.

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A cropped chart with the ever-widening gap between median house prices vs. income in America, using data from the Federal Reserve from 1984 to 2022.

Houses in America Now Cost Six Times the Median Income

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

As of 2023, an American household hoping to buy a median-priced home, needs to make at least $100,000 a year. In some cities, they need to make nearly 3–4x that amount.

The median household income in the country is currently well below that $100,000 threshold. To look at the trends between median incomes and median house prices through the years, we charted their movement using the following datasets data from the Federal Reserve:

Importantly this graphic does not make allowances for actual household disposable income, nor how monthly mortgage payments change depending on the interest rates at the time. Finally, both datasets are in current U.S. dollars, meaning they are not adjusted for inflation.

Timeline: Median House Prices vs. Income in America

In 1984, the median annual income for an American household stood at $22,420, and the median house sales price for the first quarter of the year came in at $78,200. The house sales price-to-income ratio stood at 3.49.

By pure arithmetic, this is the most affordable houses have been in the U.S. since the Federal Reserve began tracking this data, as seen in the table below.

A hidden caveat of course, was inflation: running rampant towards the end of the 70s and the start of the 80s. While it fell significantly in the next five years, in 1984 the 30-year fixed rate was close to 14%, meaning a significant chunk of household income went to interest payments.

DateMedian House
Sales Price
Median Household
Income
Price-to-Income Ratio
1984-01-01$78,200$22,4203.49
1985-01-01$82,800$23,6203.51
1986-01-01$88,000$24,9003.53
1987-01-01$97,900$26,0603.76
1988-01-01$110,000$27,2304.04
1989-01-01$118,000$28,9104.08
1990-01-01$123,900$29,9404.14
1991-01-01$120,000$30,1303.98
1992-01-01$119,500$30,6403.90
1993-01-01$125,000$31,2404.00
1994-01-01$130,000$32,2604.03
1995-01-01$130,000$34,0803.81
1996-01-01$137,000$35,4903.86
1997-01-01$145,000$37,0103.92
1998-01-01$152,200$38,8903.91
1999-01-01$157,400$40,7003.87
2000-01-01$165,300$41,9903.94
2001-01-01$169,800$42,2304.02
2002-01-01$188,700$42,4104.45
2003-01-01$186,000$43,3204.29
2004-01-01$212,700$44,3304.80
2005-01-01$232,500$46,3305.02
2006-01-01$247,700$48,2005.14
2007-01-01$257,400$50,2305.12
2008-01-01$233,900$50,3004.65
2009-01-01$208,400$49,7804.19
2010-01-01$222,900$49,2804.52
2011-01-01$226,900$50,0504.53
2012-01-01$238,400$51,0204.67
2013-01-01$258,400$53,5904.82
2014-01-01$275,200$53,6605.13
2015-01-01$289,200$56,5205.12
2016-01-01$299,800$59,0405.08
2017-01-01$313,100$61,1405.12
2018-01-01$331,800$63,1805.25
2019-01-01$313,000$68,7004.56
2020-01-01$329,000$68,0104.84
2021-01-01$369,800$70,7805.22
2022-01-01$433,100$74,5805.81

Note: The median house sale price listed in this table and in the chart is from the first quarter of each year. As a result the ratio can vary between quarters of each year.

The mid-2000s witnessed an explosive surge in home prices, eventually culminating in a housing bubble and subsequent crash—an influential factor in the 2008 recession. Subprime mortgages played a pivotal role in this scenario, as they were issued to buyers with poor credit and then bundled into seemingly more attractive securities for financial institutions. However, these loans eventually faltered as economic circumstances changed.

In response to the recession and to stimulate economic demand, the Federal Reserve reduced interest rates, consequently lowering mortgage rates.

While this measure aimed to make homeownership more accessible, it also contributed to a significant increase in housing prices in the following years. Additionally, a new generation entering the home-buying market heightened demand. Simultaneously, a scarcity of new construction and a surge in investors and corporations converting housing units into rental properties led to a shortage in supply, exerting upward pressure on prices.

As a result, median house prices are now nearly 6x the median household income in America.

How Does Unaffordable Housing Affect the U.S. Economy?

When housing costs exceed a significant portion of household income, families are forced to cut back on other essential expenditures, dampening consumer spending. Given how expanding housing supply helped drive U.S. economic growth in the 20th century, the current constraints in the country are especially ironic.

Unaffordable housing also stifles mobility, as individuals may be reluctant to relocate for better job opportunities due to housing constraints. On the flip side, many cities are seeing severe labor shortages as many lower-wage workers simply cannot afford to live in the city. Both phenomena affect market efficiency and productivity growth.

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