Aviation News

August 19, 2010

Airlines in US Have Seventh Consecutive Month of Revenue Growth

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By: BNO News
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The Air Transport Association of America (ATA) on Thursday reported that passenger revenue marked its seventh consecutive month of revenue growth.

ATA, the industry trade organization for the leading U.S. airlines, sampled a group of carriers, which indicated a 20 percent rise in July 2010 compared to the same month in 2009. The pace of improvement slowed from the 25 percent year-over-year gain realized in June.

Approximately 1 percent fewer passengers traveled on U.S. airlines in July, while the average price to fly one mile rose 17 percent. International passenger revenue rose 36 percent, led by a 52 percent gain in trans-Pacific markets.

“Demand for air travel remains well above last year’s depressed levels, but the industry is mindful of cautionary notes about the health of the overall economy,” said ATA President and CEO James C. May.

In addition, U.S. airlines saw cargo traffic, as measured in cargo revenue ton miles, rise 19 percent year over year (8 percent domestically and 28 percent internationally) in last June, driven by increased international trade.

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.

ATA airline members and their affiliates transport more than 90 percent of all U.S. airline passenger and cargo traffic.