Passengers Pay Most At CVG, Least At DAL
Average domestic air fares in the third quarter of 2008 reached
$362, the highest level of average fares for any quarter in the 13
years measured by available data, the US Department of
Transportation's Bureau of Transportation Statistics (BTS) reported
BTS reported the average domestic itinerary fare in the third
quarter was 2.8 percent higher than the $352 average domestic fare
in the second quarter of 2008, the previous quarterly high. Average
domestic air fares in the third quarter of 2008 were up 10.4
percent from the third quarter of 2007 in the largest year-to-year
increase since the second quarter of 2006, and average fares
increased 7.4 percent above the previous July-to-September high set
The third-quarter 2008 average fare was up 22.0 percent from the
post-9/11 third-quarter low of $297 in 2004.
Average fares increased 25.8 percent from the third quarter of
1995 to the third quarter of 2008 compared to a cumulative 42.8
percent inflation rate. Third quarter 2008 fares increased
10.4 percent from the third quarter of 2007 compared to a 4.9
percent inflation rate. Average fares are based on domestic
itinerary fares, round-trip or one-way for which no return is
purchased, and include taxes and fees.
Of the top 100 airports based on originating passengers, the
highest third-quarter average fares were in Cincinnati; followed by
Knoxville, TN; Greenville/Spartanburg, SC; Grand Rapids, MI; and
Madison, WI. The lowest fares in the top 100 airports were at
Dallas Love; followed by Orlando, FL; Burbank, CA; Long Beach, CA;
and Islip, NY.
The largest year-to-year average fare increases for the third
quarter among the 100 largest airports, ranked by 2007 originating
passengers, was 26.8 percent in Minneapolis/St. Paul; followed by
Islip, NY; Chicago Midway; Knoxville, TN; and Columbus, OH.
The biggest year-to-year average decrease was 4.8 percent in Long
Beach, CA; followed by Burlington, VT; Salt Lake City, UT; Atlanta;
and San Antonio, TX.
BTS notes low-cost carrier Spirit Airlines failed to file its
report for the third quarter, which may have skewed the results
slightly due to the exclusion of Atlantic City, NJ... where Spirit
operates more than 90 percent of the flights there.