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Article: Airport Business News - North America.
- Article from:
- AirGuide Business
- Article date:
- October 26, 2009
CopyrightCOPYRIGHT 2009 Pyramid Media Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Oct 25, 2009
US Air Transport Assn. said September passenger revenue plunged 19% year-over-year despite a drop of only 2% in passengers. Ticket prices have fallen for 10 consecutive months, the organization stated. In September, the average price to fly 1 mi. was down 18%, greater than the 17% year-over-year decline in August. "The demand for air travel remains weak, as evidenced by the untenable pricing environment. While other sectors may be seeing signs that the economy is getting back on track, the airline industry has faced challenges in its effort to generate revenue," ATA President and CEO James May said. On the freight front, cargo RTMs were down 12% in ...