Good news for air travelers: average domestic fares in the second quarter of 2009 fell to their lowest April to June level since 1998, according to the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS). Fares dropped 13 percent from the second quarter of 2008, the largest year-to-year decline on record.
Second quarter fares were also down 3.8 percent from the first quarter of 2009. This was the largest first quarter to second quarter decline since 2001.
It should be noted, though, that while air fares in Q2 of 2009 fell to the same level as Q2 of 1998, overall prices measured by the inflation rate rose 32.3 percent during that period.
More interesting statistics on air travel from BTS:
• Of the top 100 airports by passenger in 2008, the highest Q2 average fares were in Huntsville, Alabama, followed by Grand Rapids, Michigan; Savannah, Georgia; Washington Dulles; and Houston Bush.
• There were two year-to-year increases in average fare for Q2 among the airports: Savannah, Georgia, and Dallas Love.
• The biggest year-to-year average decrease in fares was 38.7 percent in Cincinnati, Ohio.
Second quarter fares were also down 3.8 percent from the first quarter of 2009. This was the largest first quarter to second quarter decline since 2001.
It should be noted, though, that while air fares in Q2 of 2009 fell to the same level as Q2 of 1998, overall prices measured by the inflation rate rose 32.3 percent during that period.
More interesting statistics on air travel from BTS:
• Of the top 100 airports by passenger in 2008, the highest Q2 average fares were in Huntsville, Alabama, followed by Grand Rapids, Michigan; Savannah, Georgia; Washington Dulles; and Houston Bush.
• There were two year-to-year increases in average fare for Q2 among the airports: Savannah, Georgia, and Dallas Love.
• The biggest year-to-year average decrease in fares was 38.7 percent in Cincinnati, Ohio.
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