Market Overview

Airline Sales Stats Show Ticket Transactions Up, Sales Dollars Down

Airline Sales Stats Show Ticket Transactions Up, Sales Dollars Down
Why The Airline ETF May Fly Low Despite Decent Earnings
Why Barclays Is Getting More Bullish On Transportation Stocks
Related JBLU
Benzinga's Top Upgrades, Downgrades For January 30, 2018
The Market In 5 Minutes: AMD On Tap, Airline Pair Trade, And Bezos, Buffett, Dimon Disrupt The Health Care Space
Jetblue Should Be Trading At All-Time Highs This Year (Seeking Alpha)

According to the Airlines Reporting Corporation (ARC), a technology solutions company that closely monitors and tracks the airline based travel industry, total airline ticket transactions rose in the month of June, but total sales in dollars of ticket sales actually fell.

Throughout June, a total of 13,800,755 airline tickets were booked in the United States — marking an increase of 6.22 percent from the same month a year ago. On the other hand, total ticket sales fell 3.63 percent over the same period to $7.35 billion.

The total number of domestic transactions rose 5.04 percent from June of last year to 9.432 million, while international transactions rose 8.84 percent to 4.369 million.

Related Link: JetBlue Airways' June Load Factor Rises 0.9 Points To 86.2%

Several airlines reported company specific data on Wednesday. JetBlue Airways Corporation (NASDAQ: JBLU) saw its stock trade higher by nearly 3 percent after the company announced its revenue passenger miles rose 11.6 percent year-over-year in June, but preliminary revenue per available seat mile fell 4.5 percent.

On the other hand, shares of American Airlines Group Inc (NASDAQ: AAL) were trading in negative territory after the company announced total revenue passenger miles rose 2.2 percent to $20.9 billion year-over-year in June, but it expects consolidated passenger revenue per available seat mile to fall 6 to 7 percent year-over-year in the second quarter.

Did you like this article? Could it have been improved? Please email to let us know!

Posted-In: Airline Revenue airline stocks airlines Airlines Reporting CorporationNews Travel General Best of Benzinga


Related Articles (JBLU + AAL)

View Comments and Join the Discussion!