9/12/2011

The cost of flying has increased less than the cost of inflation in the past decade, the Air Transport Association says. The average round-trip domestic airfare rose 4.5% in the past 10 years, compared with a 27% increase in inflation. However, the airline industry has lost $55 billion over the same period. "The industry cannot continue to lose money and jobs and fly people from point A to point B for less than it costs to get them there and be able to sustain themselves as a business model," said Nicholas Calio, president and CEO of ATA.

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