US Airline Industry
US carriers' revenue soars in May
Airfare on U.S. airlines continues to climb and accelerated sharply in May, according to a report Tuesday from the Air Transport Association.
Passenger yield, which indicates airline revenue performance and reflects ticket prices, jumped 14.1% for domestic flights in May, its sharpest increase year to date.
On trans-Atlantic routes, yield rose 28.3%, albeit after last year's historical lows that followed a financial crisis. Trans-Pacific yield gained 25.2% and yields for flights to Latin America rose 10.9%.
Yield is the average price paid to fly one mile, excluding taxes.
The ATA report relies on data from Alaska Air Group, American parent AMR Corp., Continental Airlines Inc., Delta Air Lines Inc., JetBlue Airways Corp., United parent UAL Corp., US Airways Group Inc. and their affiliated regional airlines.
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