U.S. airlines see increase in May’s revenue

 

U.S. Airlines furthered their recovery in May as they witnessed a greater demand and increased their prices.

 

The U.S. airlines’ revenue per passenger mile – a common industry performance measure – for domestic flights increased by 14.1 % in May, their most productive increase this year.

 

On trans-Atlantic routes, yield increased by 28.3 %, though after last year’s historical lows that followed a financial crisis. Trans-Pacific yield gained 25.2% and yields for flights to Latin America rose 10.9%.

 

Yield is the standard price paid to fly one mile, not including taxes.

 

Source: The Wall Street Journal

 

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