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Tuesday, 10th July 2007

U.S. Passenger Airline Costs Rise 10.6 Percent in First Quarter of 2007

U.S. Passenger Airline Costs Rise 10.6 Percent in First Quarter of 2007
Source: Air Transport Association

The Air Transport Association of America (ATA), the industry trade organization representing leading U.S. airlines, today released its quarterly Airline Cost Index. The latest release of this unique index incorporates data through the first quarter of 2007.

“Costs of running an airline continue to rise, more than 10 percent in the first quarter, driven primarily by a 12.6 percent cost surge in fuel,” said ATA vice president and chief economist John Heimlich. “Fortunately, airlines were able to compensate with a 16.7 percent improvement in fuel efficiency and continued vigilance on other controllable items.”

The composite cost index rose to 182.9, up 10.6 percent from the first quarter of 2006, compared to a 2.4 percent increase in the Consumer Price Index. The three largest cost components were labor (24.5 percent), fuel (23.4 percent) and transport-related expenses (13.9 percent).

+ Quarterly Cost Index: U.S. Passenger Airlines


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