Air Transport Association of America (ATA) stated (18-Jan-2011) US airlines reported a 9% year-on-year increase in passenger revenue in Dec-2010, the 12th consecutive monthly increase in revenue and on the back of a 6% increase in domestic passenger revenue and a 16% jump in international markets led by a 32% surge in spending on trans-Pacific and intra-Asia travel. Meanwhile, cargo traffic rose 4% in Nov-2010. [more]
ATA: “These revenue results reflect ongoing strengthening in demand for travel by air as we enter 2011. International markets continue to lead the way for growth in both passenger and cargo transportation,” John Heimlich, Vice President and Chief Economist. Source: ATA, 18-Jan-2011.