Air Transport Association of America (ATA) announced (20-Jul-2011) US domestic airlines reported a 7% year-on-year increase in passenger revenue in Jun-2011, the 18th consecutive month of revenue growth. Details include:
- Passenger traffic (RPMs): +0.3% year-on-year;
- Passenger revenue: +7%;
- Passenger yield: 7%;
Air Transport Association of America: "While the overall rate of growth in air travel expenditures appears to be slowing, we are encouraged by continued strength in the Latin American and Caribbean markets. We hope to see ongoing revenue growth in July to begin the third quarter," John Heimlich, Vice President and Chief Economist. Source: ATA, 20-Jul-2011.