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Passenger revenues up in Aug-2010, pace of growth slows from Jul-2010

21-Sep-2010 1:08 PM

Air Transport Association of America (ATA) stated (20-Sep-2010) US airlines reported a 17% year-on-year increase in passenger revenue in Aug-2010, the eighth consecutive month of revenue growth. According to the industry trade organisation, US airlines transported 1% more passengers in Aug-2010 while cargo traffic, measured in cargo revenue ton miles, rose 15% in Jul-2010. [more]

ATA: “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,” James May, President and CEO. Source: ATA, 20-Sep-2010.