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ATA: Passenger revenue falls for 13th straight month
The US Air Transport Assn. reported that passenger revenue fell 7% in November versus the same month in 2008 based on a sample group of carriers that includes the major network airlines and their regional partners but excludes Southwest Airlines.
November was the 13th consecutive month of annual revenue declines, which ATA said were fueled primarily by the 12th consecutive month of ticket price declines. Approximately 1% fewer passengers traveled on US airlines in November, while the average price to fly 1 mi. fell 6.4%.