10 Percent Revenue Growth in January 2011 a Strong Start to the New Year
WASHINGTON, Feb. 17, 2011 /PRNewswire-USNewswire/ -- The Air Transport Association of America (ATA), the industry trade organization for the leading U.S. airlines, today reported that passenger revenue (1), based on a sample group of carriers (2), rose 10 percent in January 2011 compared to the same month in 2010, marking the 13th consecutive month of revenue growth. Miles flown by paying passengers (3) rose 2.5 percent while the average price to fly one mile rose 7.2 percent. International market performance remains strong as passenger revenue grew 16 percent, led in particular by a 30 percent increase in Pacific revenue. Domestic revenue grew 6.7 percent, fueled in large part by a 6.3 percent increase in yield.
"Despite the severe winter storms that disrupted airline operations throughout the country, January's revenue performance was quite good, fueled principally by a stronger economy in relation to capacity," said ATA Vice President and Chief Economist John Heimlich. "While revenue performance is improving, carriers are challenged by the price of fuel – their single largest expense – which this week hit the highest level since Oct. 1. 2008."
A sample of U.S. airlines (4) saw cargo traffic, as measured in cargo revenue ton miles, rise 4 percent year over year (down 2.5 percent domestically but up 9.2 percent internationally) in December 2010. January 2011 cargo data is not yet available.
Annually, commercial aviation helps drive more than $1 trillion in U.S. economic activity and nearly 11 million U.S. jobs. ATA airline members and their affiliates transport more than 90 percent of all U.S. airline passenger and cargo traffic. For more information about the airline industry, visit www.airlines.org and follow us on Twitter @airlinesassn.
(1) As defined by the Bureau of Transportation Statistics, "revenues from the air transportation of passengers" in scheduled air service, not including amounts paid to change tickets, transport baggage or perform other types of ancillary services.
(2) Based on data reported to ATA by Alaska, American, Continental, Delta, JetBlue, United and US Airways, including data for Air Midwest, Air Wisconsin, Allegheny, American Eagle, Atlantic Coast, Atlantic Southeast, Chautauqua, Comair, Continental Express, Executive, Freedom, Horizon, Mesa, Mesaba, Piedmont, Pinnacle, PSA, Shuttle America, SkyWest and Trans States. Data for all reporting U.S. airlines is available on a time-lagged basis from the Bureau of Transportation Statistics (www.bts.gov).
(3) Previously, ATA monthly press releases cited the number of passengers; to align more closely with the per-mile price statistics, ATA is now reporting traffic on a total mileage basis.
(4) Based on data reported to ATA by Alaska, American, Continental, Delta, FedEx, Hawaiian, JetBlue, Southwest, United, UPS and US Airways. Data for all reporting U.S. airlines is available on a time-lagged basis from the Bureau of Transportation Statistics (www.bts.gov).
SOURCE Air Transport Association