Free Newsletter
Register for our Free Newsletters
Newsletter
Zones
Airport, Border and Port Safety and Security
Left Nav Sep
Bioterrorism
Left Nav Sep
Civil Aircraft
Left Nav Sep
Civil Airlines, Airports and Services
Left Nav Sep
Communications and Navigation
Left Nav Sep
Education, Training and Professional Services
Left Nav Sep
Manufacturing and Materials
Left Nav Sep
Military and Defence Facilities
Left Nav Sep
Military Aviation
Left Nav Sep
Military Vehicles
Left Nav Sep
Naval Systems
Left Nav Sep
Personal Equipment
Left Nav Sep
Software and IT Services
Left Nav Sep
Space and Satellite
Left Nav Sep
Weapons, Ammunition and Explosives
Left Nav Sep
View All
Other Carouselweb publications
Carousel Web
Defense File Logo
New Material Logo
Pro Health Service Zone
Pro Manufacturing Zone
Prosecurity Zone
Web Lec Logo
Pro Engineering Zone
 
 
 
News

ATA Comments On Department Of Transportation Air Fare Statistics


Strict Standards: Only variables should be passed by reference in /home/defensef/public_html/components/com_zone/handleHTML.php on line 623
Air Transport Association Of America (ATA)
: 29 July, 2010  (Company News)
While consumers enjoy 1999 air fare levels after continuing falling prices, the Air Transport Association comments on the need for US airlines to return to profitability and generate further places for the job market in the financially stricken country
The Air Transport Association of America (ATA) has issued the following statement in response to a release from the Department of Transportation (DOT) Bureau of Transportation Statistics (BTS) First-Quarter 2010 report on airfares:

According to BTS data, the average first-quarter domestic one-way fare in 2010 (net of taxes and fees) was $154.91. While airfares are up from 2009, they have returned to 1999 levels, when the average one-way fare was $153.88. Compared to 2008 pre-recession levels, fares grew only 0.4 percent, easily trailing the 2.3 percent jump in the US Consumer Price Index during that same period.


“Travellers certainly appreciate a bargain, and today’s airline customers are getting just that – a bargain. They continue to benefit from low airfares, especially considering the rising costs of food, energy and other goods purchased by US consumers,” said ATA President and CEO James May. “For airlines to add jobs and develop new and improved service, it is critically important that they return to profitability.”

May noted that while airfares appear to be stabilizing, the airline industry has been in serious distress throughout the past “lost decade.” “This is a positive sign for recovery, not just in the airline sector but across the broader economy as well,” May said, further emphasizing that “today’s news about increasing fare levels should be kept in perspective; not only are the airlines nowhere near recovering from devastating losses, airfares have not come close to keeping pace with inflation.”

Annually, commercial aviation helps drive more than $1 trillion in US economic activity and nearly 11 million US jobs. On a daily basis, US airlines operate approximately 25,000 flights in 80 countries, using more than 6,000 aircraft to carry an average of two million passengers and 50,000 tons of cargo.
Bookmark and Share
 
Home I Editor's Blog I News by Zone I News by Date I News by Category I Special Reports I Directory I Events I Advertise I Submit Your News I About Us I Guides
 
   Â© 2012 DefenseFile.com
Netgains Logo