U.S. Airline Traffic Down 25% in October
Bloomberg News
Total October passenger traffic for 18 U.S. airlines fell 25.1% to 41.90 billion revenue passenger miles from 55.91 billion a year earlier.
A revenue passenger mile equals one paying passenger carried one mile.
The October load factor, the percentage of available seats filled with paying passengers, fell 7.8 points to 62.5% from 70.3% a year ago.
The drop in traffic after the Sept. 11 terrorist attacks helped prompt U.S. airlines to seek to put off a $2-billion federal tax payment for a second time.
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