ATA: Airline industry sees 2nd consecutive gain in monthly revenue

03/24/2010 | SeattlePI.com

Though bad weather contributed to a 2.9% drop in passenger volume for February, U.S. airlines enjoyed a 4.5% increase in monthly revenue, the Air Transport Association reported Tuesday. February's numbers marked the second consecutive month of revenue gains following a long downturn. "The growth in passenger revenue and cargo traffic is a reflection of growing consumer confidence in a recovering economy," ATA President and CEO James May noted.

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