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Air Transport Association
members, which include the nine largest U.S. carriers, reported revenue growth
of 20 percent in July, compared with the same month last year, on a 1 percent
decline in passengers.
In yet another sign
of fare growth, ATA reported member yields—the average price to fly a mile—grew
17 percent in July compared with July 2009. ATA carriers reported particular
strength in international revenue, which grew 36 percent year over year in
July, with transpacific revenues surging 52 percent from levels in July last
ATA noted that the
year-over-year growth rate slowed in July, following June's 25 percent growth in
revenue from the same period in 2009. "Demand for air travel remains well
above last year's depressed levels, but the industry is mindful of cautionary
notes about the health of the overall economy," ATA president and CEO
James May said in a statement.