ATA: Airlines see 13th month of declining revenue

12/21/2009 | Air Transport World

Airline ticket prices in November dropped for the 12th straight month and contributed to a declining revenue trend that has now reached 13 consecutive months. Figures from the Air Transport Association showed passenger revenue fell 7% in November compared to the year-earlier period. "While it's good to see the number of passengers beginning to stabilize after several months of pronounced declines, revenue remains depressed," said James May, ATA's president and CEO. "Hopefully, this is an indication that a gradual recovery is under way."

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