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Recovery Continues: Ten Months of Airline Revenue GrowthNovember 22, 2010 By: Staff
Passenger revenue rose 18 percent in October 2010 compared to the same month in 2009, marking the 10th consecutive month of revenue growth, the Air Transport Association (ATA) reports.
Miles flown by paying passengers rose more than 7 percent while the average price to fly one mile rose 10 percent. Passenger revenue improved 12.5 percent domestically and 31 percent in international markets.
"These results highlight the importance of international markets to air travelers and shippers, as the global economy drives up transportation spending to and from the United States,” said ATA president and CEO James C. May. “The industry remains hopeful that the nation’s economic recovery will continue in the months ahead.”
A sample of U.S. airlines saw cargo traffic, as measured in cargo revenue ton miles, rise 8 percent year over year (1 percent domestically and 13 percent internationally) in September 2010. October 2010 cargo data is not yet available.