US airlines suffer 26% fall in June passenger revenue
Tuesday July 21, 2009
US airline passenger revenue plunged 26% year-over-year in June, the eighth consecutive month of decline, while the 20.7% drop in yield was the "sharpest" this decade, the Air Transport Assn. said yesterday.
The findings were based on data collected from 28 mainline and regional carriers. Passenger numbers fell 6.5% year-over-year. ATA also said May cargo traffic was down 20%, fueled by a 26% drop in the Pacific. June data was not available.
"Despite extreme price discounting, June data reflect ongoing weakness in demand for air travel. The airline industry remains fragile as this country continues to suffer from the worst recession since the 1930s," ATA President and CEO James May said.
American carriers are expected to suffer heavy second-quarter losses. American Airlines reported a $390 million deficit last week. United Airlines, Continental Airlines and Southwest Airlines are scheduled to unveil their numbers today, with Delta Air Lines, AirTran Airways and Allegiant Air on tap for Wednesday and US Airways, Alaska Airlines, JetBlue Airways and UPS expected Thursday.
by Brian Straus
ATWOnline
Tuesday July 21, 2009
US airline passenger revenue plunged 26% year-over-year in June, the eighth consecutive month of decline, while the 20.7% drop in yield was the "sharpest" this decade, the Air Transport Assn. said yesterday.
The findings were based on data collected from 28 mainline and regional carriers. Passenger numbers fell 6.5% year-over-year. ATA also said May cargo traffic was down 20%, fueled by a 26% drop in the Pacific. June data was not available.
"Despite extreme price discounting, June data reflect ongoing weakness in demand for air travel. The airline industry remains fragile as this country continues to suffer from the worst recession since the 1930s," ATA President and CEO James May said.
American carriers are expected to suffer heavy second-quarter losses. American Airlines reported a $390 million deficit last week. United Airlines, Continental Airlines and Southwest Airlines are scheduled to unveil their numbers today, with Delta Air Lines, AirTran Airways and Allegiant Air on tap for Wednesday and US Airways, Alaska Airlines, JetBlue Airways and UPS expected Thursday.
by Brian Straus
ATWOnline
