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US airlines flying high as economy recovers

US airlines are seeing an upswing in financial performance as the country’s economy shows signs of recovery.


Passenger revenue rose by 25% in June compared to the same month last year, marking the sixth consecutive month of growth, according to trade organisation the Air Transport Association of America.


Approximately 1.4% more passengers flew with US airlines last month while the average price to fly one mile rose by 20%.
International passenger revenue was up by 38%, led by a 58% gain in trans-Pacific travel, the ATA said.


President and chief executive James May said: “It is clear from these positive results that the recovering US economy is enabling airlines to dig out from the very deep hole of a year ago.”


 


 

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