US airlines passenger revenue growing but slowing

   
     

US airlines have posted their eighth consecutive month of revenue growth in a recovering economy.

Passenger revenue, based on a sample group of carriers, rose 17 per cent in August 2010 compared to the same month in 2009, marking the eighth consecutive month of growth, the Air Transport Association of America (ATA) reported.

However, the pace has slowed compared to the 25 per cent and 20 per cent year-on-year growth of June and July, respectively.

About one per cent more passengers travelled on the sample of US airlines in August, despite the average price to fly one mile rising 14 per cent. International passenger revenue rose 27 per cent, led by a 44 per cent gain in trans-Pacific markets.

“Spending on air travel remains well above last year’s depressed levels, but the industry is wary of a possible slowdown in the nation’s economic recovery as it enters the traditionally slower fall period,” ATA president and CEO, James C. May, said.

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.

Source = e-Travel Blackboard: C.C
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