US Air Transport Assn. said September passenger revenue plunged 19% year-over-year despite a drop of only 2% in passengers. Ticket prices have fallen for 10 consecutive months, the organization stated. In September, the average price to fly 1 mi. was down 18%, greater than the 17% year-over-year decline in August. "The demand for air travel remains weak, as evidenced by the untenable pricing environment. While other sectors may be seeing signs that the economy is getting back on track, the ...

Subscribe to Access this Entire Article

"US passenger revenue fell 19% in September" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.