Tue, May 24, 2011
Passenger Revenue Up 12 Percent Over April 2010
The Air Transport Association of America (ATA) reported late
last week that passenger revenue rose 12 percent in April 2011
compared to the same month in 2010, marking the 16th consecutive
month of revenue growth. The revenue data is based on a sample
group of U.S. carriers.
"Growth in air travel spending at the start of the second
quarter bodes well for U.S. economic recovery. ATA forecasts 1.5
percent more passengers will fly during the summer months and is
optimistic that strong international demand will help offset
volatile fuel costs," said ATA Vice President and Chief Economist
Systemwide passenger traffic, as measured by miles flown by
paying passengers, rose 3 percent while the average price to fly
one mile, also known as yield, rose 9 percent for the month.
Other statistics from April include:
- U.S. domestic revenue grew 8.6 percent, fueled in large part by
an 8.8 percent yield increase.
- Trans-Atlantic revenue grew 27 percent from a year ago,
reflecting the restoration of operations, which were temporarily
cut during the Icelandic volcano-related airspace closures in April
- Trans-Pacific revenue rose 5.5 percent as higher passenger
yields grew, offsetting a decrease in passenger traffic. This
modest increase partly reflects adjustments made following the
Japanese earthquake and tsunami.
- Latin American revenue grew 24 percent as passenger yields grew
16 percent, the largest increase of any region.
A sample of U.S. airlines saw spending on shipments of freight
and mail rise 22 percent year over year (up 17 percent domestically
and 24 percent internationally) in April 2011.
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