Wed, Jul 22, 2009
Passenger Demand, Cargo Traffic Show Steep Drops From June
2008
The Air Transport Association of
America (ATA), the industry trade organization for the leading U.S.
airlines, reports that passenger revenue fell 26 percent in June
2009 versus the same month in 2008 - the eighth consecutive month
in which passenger revenue has fallen from the prior year.
The number of passengers traveling on U.S. airlines in June fell
6.5 percent while the average price to fly one mile fell 20.7
percent, a sharp decline surpassing even those witnessed during the
2001 recession and post-9/11 terrorist attacks. Revenue declines
extended beyond the mainland United States to the trans-Atlantic,
trans-Pacific and Latin markets.
Compounding the softening demand for passenger travel, U.S.
airlines saw cargo traffic - as measured in revenue ton miles -
decline 20 percent year over year in May 2009, marking the 10th
consecutive month of declining cargo traffic. Notably, cargo
traffic in the Pacific region fell 26 percent. June 2009 cargo data
is not yet available.
The latest results continue to reflect the weak global economy
and the lingering impact of the H1N1 (swine) influenza
outbreak.
"Despite extreme price discounting, June data reflect ongoing
weakness in demand for air travel. The airline industry remains
fragile as this country continues to suffer from the worst
recession since the 1930s," said ATA President and CEO James C.
May.
Annually, commercial aviation helps drive $1.1 trillion in U.S.
economic activity and more than 10 million U.S. jobs. On a daily
basis, U.S. airlines operate nearly 30,000 flights in 77 countries,
using more than 6,000 aircraft to carry an average of two million
passengers and 50,000 tons of cargo.
More News
Runway Lead-in Light System Runway Lead-in Light System Consists of one or more series of flashing lights installed at or near ground level that provides positive visual guidance a>[...]
Aero Linx: Aviation Without Borders Aviation Without Borders uses its aviation expertise, contacts and partnerships to enable support for children and their families – at hom>[...]
Dave Juwel's Aviation Marketing Stories ITBOA BNITBOB ... what does that mean? It's not gibberish, it's a lengthy acronym for "In The Business Of Aviation ... But Not In The Busine>[...]
From 2010 (YouTube Version): Yeah.... This IS A Really Cool Job When ANN's Nathan Cremisino took over the lead of our Aero-TV teams, he knew he was in for some extra work and a lot>[...]
Also: Junkers A50 Heritage, Montaer Grows, Dynon-Advance Flight Systems, Vans' Latest Officially, the Carbon Cub UL and Rotax 916 iS is now in its 'market survey development phase'>[...]