Air Transport Association of America (ATA) reported (20-May-2011) passenger revenue increased 12% year-on-year in Apr-2011, the 16th consecutive month of revenue growth. According to the industry trade organisation, US carriers reported a 3% increase in passenger traffic and a 9% increase in passenger yield in Apr-2011. [more]
ATA: “Growth in air travel spending at the start of the second quarter bodes well for US economic recovery. ATA forecasts 1.5% more passengers will fly during the summer months and is optimistic that strong international demand will help offset volatile fuel costs,” John Heimlich, Vice President and Chief Economist. Source: ATA, 20-May-2011.