Airline revenue down 14 months in a row

I'm posting a news release from the Air Transport Association, the trade group that represents most of the U.S. airlines, that should be read in conjunction with the earnings reports that carriers are issuing this week. American was first up today (see post just below). The airlines, with most except Southwest sampled, reported that their revenue has gone down 14 months in a row compared with the same month a year earlier, because of lower ticket revenue and fewer passengers. Read the ATA's release here.