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Airlines Report Revenue GainsJune 21, 2011 By: George Dooley Travel Agent
Airline passenger revenue rose 14.4 percent in May 2011 compared to the same month in 2010, marking the 17th consecutive month of revenue growth, the Air Transport Association (ATA) reports. The revenue data is based on a sample group of U.S. carriers.
“Increased air travel spending in May leading up to the busy summer travel season reflects the recovering economy. A double-digit yield increase with improvements in U.S. domestic and international markets will help the industry cope with stubbornly high energy costs,” said ATA Vice President and Chief Economist John Heimlich.
Systemwide passenger traffic, as measured by miles flown by paying passengers, rose 2.5 percent while the average price to fly one mile, also known as yield, rose 11.6 percent for the month.
• U.S. domestic revenue grew nearly 14 percent, fueled in large part by an 11 percent yield increase
• Trans-Atlantic revenue increased 13 percent from a year ago
• Trans-Pacific revenue rose 12 percent as higher passenger yields offset a drop in the number of passengers following the Japanese earthquake and tsunami
• Latin American/Caribbean revenue grew 26 percent as passenger yields rose 19 percent, the largest increase of any region