Mon, May 24, 2010
Positive Revenue Growth Reflects An Industry Still In
The Air Transport Association of America (ATA) released a
report Friday that passenger revenue, based on a sample group of
carriers, rose 12.5 percent in April 2010 versus the same month in
2009, marking the fourth consecutive month of revenue growth.
Approximately 0.5 percent more passengers traveled on U.S. airlines
in April, while the average price to fly one mile rose nearly 14
percent. International passenger revenue rose 15 percent, led by a
37 percent gain in transpacific markets.
"The April jump in passenger revenue is a positive sign, and one
showing that the U.S. industry is recovering gradually from last
year's severely depressed levels," said ATA President and CEO James
C. May. "Last year, domestic round-trip fares averaged $28 less
than they did a decade earlier. In fact, year-ago fares were a
staggering $117 short of keeping pace with inflation."
U.S. airlines saw cargo traffic, as measured in cargo revenue
ton miles, rise 22 percent year over year (12 percent domestically
and 30 percent internationally) in March 2010, driven by increased
international trade. April 2010 cargo data is not yet
Annually, commercial aviation helps drive more than $1 trillion
in U.S. economic activity and nearly 11 million U.S. jobs. On a
daily basis, U.S. airlines operate approximately 25,000 flights in
80 countries, using more than 6,000 aircraft to carry an average of
two million passengers and 50,000 tons of cargo.
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