US carriers enjoyed a 14% increase in unit revenue for April, with domestic revenues up 17.6% year-on-year, the Air Transport Association said. The trend led Merrill Lynch analyst Michael Linenberg to predict a group profit of $600 million in the quarter ended in June. He cited “a disciplined approach” to capacity for this year and next and said “top-line growth” could offset rising fuel expenses. The major carriers have imposed seven domestic fare increases so far this year.
Source: Airline Business
