Tuesday, July 20, 2010

Air Travel's Coming Back

Delta Airlines just completed an incredible quarter, with passenger revenue increasing 19%, and cargo revenue increasing 22% from year ago levels. Additionally, airports across the country are seeing increased traffic, with Charlotte reporting 9% more passenger enplanements in May than it saw in 2009, and even Pittsburgh attracting more passengers than it did this time last year.

Delta flew 1.7% more passengers in the second quarter of this year than it did in 2009. And it was able to charge a lot more, with passenger yields increasing 17% to over 14 cents of revenue per mile flown.

Cities and states waiting around for a recovery need to look beyond the headline data coming out of the Federal Government, because the passenger and cargo figures coming out of ports and carriers are looking very strong.

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