|
|
Air Passenger Revenue Declines for 12th Consecutive Month
Published on: November 23, 2009
The Air Transport Association of America (ATA) reported that passenger revenue, based on a sample group of carriers, fell 15 percent in October 2009 versus the same month in 2008. This marks the 12th consecutive month in which passenger revenue has declined from the prior year, fueled primarily by the 11th consecutive month of ticket price declines. Three percent fewer passengers traveled on U.S. airlines in October, while the average price to fly one mile fell 13.5 percent.
Passenger revenue decreases extended beyond the domestic United States, particularly in trans-Atlantic and trans-Pacific markets. Also reflecting a weak global economy is the continued decline in cargo traffic. U.S. airlines saw cargo revenue ton miles decline 3 percent year over year in September (2 percent domestically and 4 percent internationally) in September 2009, the 14th consecutive month of declining volumes. October 2009 cargo data is not yet available.
The numbers are based on data reported to ATA by Alaska, American, Continental (including Micronesia), Delta (including NWA), JetBlue, United and US Airways. It also includes data for Air Midwest, Air Wisconsin, Allegheny, American Eagle, Atlantic Coast, Atlantic Southeast, Chautauqua, Comair, Continental Express, Executive, Freedom, Horizon, Mesa, Mesaba, MidAtlantic, Piedmont, Pinnacle, PSA, Shuttle America, SkyWest and Trans States. For more information, visit www.airlines.org.
 Reader Comments
More Headlines Like This ...
- Sep 02, 2010 Her Majesty Queen Elizabeth to Name Cunard's Queen Elizabeth
- Sep 02, 2010 Dollar Thrifty Automotive Group Raises Earning Expectations for 2010
- Sep 02, 2010 CLIA Unveils Early Enrollment Plan for Travel Agent Members
- Sep 02, 2010 Continental Eases Change Restrictions on Cities Affected by Earl
- Sep 02, 2010 Celebrity Cruises Launches Pro-Agent Ad Campaign
- Sep 02, 2010 AirTran, Delta Allow Flight Changes as Earl Nears U.S. East Coast
- Sep 02, 2010 Hertz Cites Antitrust Issues in Avis Budget's Dollar Thrifty Merger Bid
- Sep 02, 2010 Ambassadors International to Remain on NASDAQ Stock List
- Sep 02, 2010 Starwood Capital Appoints Goldman CEO of Groupe du Louvre
- Sep 02, 2010 Tickner to Host November Special Interest Britain Conference
- Sep 01, 2010 Tzell Division of Travel Leaders Buys Nexion from Sabre
- Sep 01, 2010 Amadeus Reports 38 Percent Growth in Net Profit for First Half 2010
- Sep 01, 2010 Visa Survey Shows 20 Percent Rise in U.S. Inbound Tourism Spending
|