American airlines suffer badly

ATA (Air Transport Association of America), the industry trade organization for the leading US airlines, has reported that passenger revenue fell 26% in June versus the same month in 2008 – the eighth consecutive month in which passenger revenue has declined from the previous year.  The number of passengers travelling on US airlines in June fell 6.5% while the price to fly one mile dropped 20.7%, a sharp decline surpassing even those witnessed during the 2001 recession and post-9/11 terrorist attacks.  The latest results continue to reflect the weak global economy and the lingering impact of the swine flu outbreak.  “Despite extreme price discounting, June data reflects ongoing weakness in demand for air travel.  The airline industry remains fragile as this country continues to suffer from the worst recession since the 1930s,” said ATA President and CEO James C. May. www.airlines.org

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