U.S. airlines forecast record international travel17 May 2011
U.S. airlines expect to carry a record number of international travelers from June through August, helping soften the effect of higher fuel prices, the Air Transport Association said.
The 26.3 million international travelers forecast for the period would top last summerâ€™s record of 25.8 million, the Washington-based association, which represents carriers including AMR Corp. (AMR)â€™s American Airlines and Delta Air Lines Inc. (DAL), said in a statement today. Total passenger count will rise 1.5 percent, the group estimated.
The forecast shows carriers are optimistic about increasing demand even after raising surcharges and fares to counter higher fuel expenses. Association figures showed jet-fuel costs climbed 30 percent to $11.4 billion in the first quarter from the same period a year earlier.