US: Airfares fell to their lowest level in two decades last summer as air travel plummeted.
The average price for a one-way domestic flight dropped to $135 last summer, its lowest level in at least two decades, according to an analysis of new federal data by Cirium, an aviation data firm. Normally, personal travel picks up during the summer and drops in the fall. That decline is usually offset by corporate travel, but with few people boarding planes and businesses having paused most employee travel during the pandemic, airlines cut fares to fill the reduced number of seats they were still selling. “Summer was their last best chance to generate revenue,” said Jon Jager, a Cirium analyst. The firm came up with its estimates by analyzing Transportation Department data on airfares from July to September, which was released on Tuesday. The $135 average price for a one-way ticket last summer included taxes and fees and is the lowest quarterly average airfare, before adjusting for inflation, since at least 2000, according to Cirium. The price also represents a 32% decline from the $198 average in summer 2019. Airline travel has recovered somewhat since falling more than 95% in April, but it remains subdued. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2021-01-20/general/us-airfares-fell-to-their-lowest-level-in-two-decades-last-summer-as-air-travel-plummeted
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US: Airfares fell to their lowest level in two decades last summer as air travel plummeted.
The average price for a one-way domestic flight dropped to $135 last summer, its lowest level in at least two decades, according to an analysis of new federal data by Cirium, an aviation data firm. Normally, personal travel picks up during the summer and drops in the fall. That decline is usually offset by corporate travel, but with few people boarding planes and businesses having paused most employee travel during the pandemic, airlines cut fares to fill the reduced number of seats they were still selling. “Summer was their last best chance to generate revenue,” said Jon Jager, a Cirium analyst. The firm came up with its estimates by analyzing Transportation Department data on airfares from July to September, which was released on Tuesday. The $135 average price for a one-way ticket last summer included taxes and fees and is the lowest quarterly average airfare, before adjusting for inflation, since at least 2000, according to Cirium. The price also represents a 32% decline from the $198 average in summer 2019. Airline travel has recovered somewhat since falling more than 95% in April, but it remains subdued. <br/>
