US airlines report 10th consecutive monthly increase in passenger revenue; Air Canada and TAM up

North and South American airline stocks advanced on Friday (19-Nov-2010) after Air Transport Association of America (ATA) stated US airlines reported an 18% year-on-year increase in passenger revenue in Oct-2010, the 10th consecutive monthly increase, including a 12.5% increase in domestic passenger revenue and a 31% jump in international passenger revenue. The industry trade organisation also reported cargo traffic, measured in cargo revenue ton miles, rose 8% in Sep-2010.