Steady passenger growth in October; Revenue passenger miles increased two percent.

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M2 PRESSWIRE-20 November 2000-ATA: Steady passenger growth in October; Revenue passenger miles increased two percent (C)1994-2000 M2 COMMUNICATIONS LTD RDATE:17112000 WASHINGTON -- The Air Transport Association (ATA) reported a month-over-month system-wide increase in revenue passenger miles (RPMs) of 2 percent in October.

Domestic passenger traffic grew 1.3 percent and international traffic by 3.9 percent. Revenue passenger mile is the industry term used to quantify the volume of business; one RPM is one paying passenger transported one mile. "The airline industry has experienced steady growth in passenger traffic," said David A. Swierenga, ATA chief economist. "That growth, in spite of a slowing economy, continues as the year progresses, and is...