by Sarah J.F. Braley | June 23, 2010

The Air Transport Association of America, the trade organization for the leading U.S. airlines, reported that passenger revenue rose 21 percent in May 2010 vs. the same month in 2009, the fifth consecutive month of growth. About 2 percent more passengers traveled on U.S. airlines in May, while the average price to fly one mile rose 17 percent. International passenger revenue rose 36 percent, led by a 51 percent gain in the transpacific markets. "These results reflect encouraging signs of the nation's economic recovery from the very deep hole of a year ago," said James C. May, president and CEO of the ATA.