U.S. airlines took in more revenue in March than they did a year earlier for every mile they flew domestic passengers, a trade group said Friday
The industry's domestic yield, or price passengers paid to fly one mile, excluding taxes and fees, averaged 13.1 cents in March, compared with 12.93 cents in March 2006, according to the Air Transport Association.
So far this year, industrywide domestic yield has averaged 12.7 cents. Last year's average of 12.8 cents was up by 9 percent from 2005 levels, as carriers reduced the number of available seats and tried to offset higher fuel costs.
The trade group's statistics are based on data from Alaska Air Group Inc. (nyse: ALK - news - people )'s Alaska Airlines, AMR Corp. (nyse: AMR - news - people )'s American Airlines, Continental Airlines Inc. (nyse: CAL - news - people ), Delta Air Lines (other-otc: DALRQ.PK - news - people ) Inc., Northwest Airlines (other-otc: NWACQ.PK - news - people ) Corp., UAL Corp. (nasdaq: UAUA - news - people )'s United Airlines and US Airways Group Inc.
Source : http://www.forbes.com/feeds/ap/2007/04/20/ap3636862.html
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