Stronger Economy Fuels Boost in Passenger Revenue
Air Transport Association reports 9th consecutive month of revenue growth
WASHINGTON - The Air Transport Association of America (ATA), the industry trade organization for the leading U.S. airlines, today reported that passenger revenue, based on a sample group of carriers, rose 19 percent in September 2010 compared to the same month in 2009, marking the ninth consecutive month of revenue growth. Miles flown by paying passengers rose approximately 7 percent while the average price to fly one mile rose 11 percent. Passenger revenue improved 13 percent domestically and 32 percent in international markets.
"Once again, the global economy is driving spending on air travel with passenger revenue exceeding last year's depressed levels," said ATA President and CEO James C. May. "The industry remains hopeful that the nation's economic recovery will progress in the months ahead."
A sample of U.S. airlines saw cargo traffic, as measured in cargo revenue ton miles, rise 14 percent year over year (5 percent domestically and 22 percent internationally) in August 2010. September 2010 cargo data is not yet available.
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