Air Transport Association of America (ATA) announced (21-Jun-2011) US airlines reported a 14.4% year-on-year increase in passenger revenue in May-2011, the 17th consecutive month of revenue growth. Passenger yield rose 11.6% on the back of a 2.5% increase in passenger traffic. Details include:
- Passenger revenue: +14.4% year-on-year;
ATA: “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,” John Heimlich, Vice President and Chief Economist. Source: ATA, 21-Jun-2011.