ATA reports lower passenger demand, revenue for March

04/17/2009 | American City Business Journals · Fox Business

The Air Transport Association reports that passenger volumes at U.S. airlines dropped 10% in March, marking the fifth consecutive month of declines on softer demand. March passenger revenue fell 23% compared to a year ago, as carriers cut fares by 13% in an effort to spur demand. "While the industry faces demand uncertainty as we head into the summer, we certainly would like to believe that we have seen the low point," said ATA President and Chief Executive James May.

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American City Business Journals · Fox Business

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