Tue, Nov 24, 2009
Even After 11 Months Of Ticked Price Drops, Decline in
Travelers Continues
The Air Transport Association of America (ATA), the industry
trade organization for the leading U.S. airlines, reports that
passenger revenue, based on a sample group of carriers, fell 15
percent in October 2009 versus the same month in 2008. This marks
the 12th consecutive month in which passenger revenue has declined
from the prior year, fueled primarily by the 11th consecutive month
of ticket price declines.
Three percent fewer passengers traveled on U.S. airlines in
October, while the average price to fly one mile fell 13.5 percent.
Passenger revenue declines extended beyond the domestic United
States, particularly in trans-Atlantic and trans-Pacific
markets.
"With U.S. unemployment surpassing 10 percent in October, these
results for air travel demand come as little surprise. Economic
conditions suggest that pressure to generate revenue will remain
intense for the foreseeable future," said ATA President and CEO
James C. May.
Also reflecting a weak global economy is the continued decline
in cargo traffic. U.S. airlines saw cargo revenue ton miles decline
3 percent year over year (2 percent domestically and 4 percent
internationally) in September 2009, the 14th consecutive month of
declining volumes. October 2009 cargo data is not yet
available.
Annually, commercial aviation helps drive $1.1 trillion in U.S.
economic activity and more than 10 million U.S. jobs. On a daily
basis, U.S. airlines operate nearly 28,000 flights in 80 countries,
using more than 6,000 aircraft to carry an average of two million
passengers and 50,000 tons of cargo.
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