U.S. airlines' August passenger revenue fell 21% from last year

Air travel was down for the tenth consecutive month as 6% fewer passengers flew on U.S. carriers this August than the previous August. The drop comes despite fare cuts aimed at attracting fliers. "The industry continues to see a reduction in the number of air travelers, despite double-digit declines in fares," Air Transport Association CEO James May said. "While there are signs that improvement may be on the horizon, regrettably the demand for air travel remains weak."

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