The Air Transport Association (ATA) Office of Economics reports that average domestic airfares declined 13.6 percent and average international airfares declined 12.4 percent in February, compared to the same month in 2001. The average fare for a 1,000-mile trip fell to $128.93. The average fare for a 4,000-mile international trip fell to $379.94.
“Domestic ticket prices have been down for twelve consecutive months, with double-digit drops for the past seven,” said ATA Chief Economist David Swierenga. “Airlines have reduced prices in a continued effort to increase demand, but unfortunately with a loss of revenue.”
The report, released today, includes yearly and monthly average domestic coach-class and first/business-class ticket prices and domestic and international average ticket prices overall. Information in the report is compiled from actual prices paid by consumers, which are provided by air carriers to ATA. Airfares are normalized for a 1,000-mile trip domestically and a 4,000-mile trip internationally. The airfare information in this report does not include local, federal or foreign taxes.
Price changes are updated monthly and are compared to the same period of the previous year. Because of strong seasonal differences in airfares, month-to-month comparisons are less useful than comparisons for the same period a year earlier.
The Air Transport Association of America, Inc. is the trade association for leading U.S. airlines. ATA members transport over 95 percent of all the passenger and cargo traffic in the United States.