ATA airlines reports 21% growth in passenger revenue in May-2010

Air Transport Association of America (ATA) reported passenger revenue rose 21% year-on-year in May-2010, the fifth consecutive month of revenue growth, led by a 36% increase in international passenger revenue. Passenger numbers rose 2% while unit costs rose 17% during the period. Meanwhile, cargo traffic rose 17% year-on-year in Apr-2010. [more]

Air Transport Association: "These results reflect encouraging signs of the nation's economic recovery from the very deep hole of a year ago," James May, President and CEO. Source: Air Transport Association of America, 22-Jun-2010.