Cost of flying jumped 7.5 percent in July

updated 1:00 p.m. ET Aug. 21, 2008

NEW YORK - The average cost to fly one mile in the U.S. on a commercial airliner rose 7.5 percent in July compared to the same month last year.

The Air Transport Association of America, which represents most passenger and cargo carriers in the U.S., said late Wednesday that passenger yield — the average price a passenger pays to fly one mile, excluding government taxes and fees — was 15.7 cents last month.

Year-to-date passengers paid 7.1 percent more per mile than in the same period of 2007.

The ATA estimates government taxes and fees can account for nearly 14 percent of an average $300 domestic roundtrip ticket, and as much as 22 percent of the same fare for trips with connecting flights.

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