ATA reports lower revenue in September

10/21/2009 | Reuters · Wall Street Journal, The · MarketWatch

A sample group of U.S. airlines saw a 19% drop in passenger revenue for September compared to a year ago, the 11th consecutive monthly decline. Falling travel demand and depressed ticket prices led to a nearly 17% drop in yield, the Air Transport Association reported. "The demand for travel remains weak, as evidenced by the untenable pricing environment," noted ATA chief executive James May. Still, discount airlines are faring relatively well, and carriers increasingly are expressing hope for a rebound in business fliers.

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