BTS Releases 1st-Quarter 2010 Air Fare Data;

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BTS Releases 1st-Quarter 2010 Air Fare Data;
Average 1st-Quarter Domestic Air Fares Increased 4.7% from 1st Quarter 2009
Top 100 Airports: Highest Fare in Huntsville, Lowest Fare in Atlantic City
For data tables, go to BTS Air Fare Press Release
Average domestic air fares in the first quarter of 2010 increased to the second highest January-to-March level since 2001, rising 4.7 percent from the first quarter of 2009 (Table 1), the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today.
BTS, a part of the Research and Innovative Technology Administration, reports average fares based on domestic itinerary fares, round-trip or one-way for which no return is purchased. Fares are based on the total ticket value which consists of the price charged by the airlines plus any additional taxes and fees levied by an outside entity at the time of purchase. Fares include only the price paid at the time of the ticket purchase and do not include other fees, such as baggage fees, paid at the airport or onboard the aircraft. Averages do not include frequent-flyer or “zero fares” or a few abnormally high reported fares.
The $328 first-quarter 2010 average fares were down 8.3 percent from the all-time high, not inflation-adjusted, of $358 in the third quarter of 2008. Adjusted for inflation, first-quarter 2010 fares were down 25.0 percent from 1999, the inflation-adjusted high for any first-quarter since 1995. The first quarter 2010 average fares were up 8.9 percent from the post-9/11 fourth-quarter low of $301.39 in 2005 (Table 1). BTS air fare records reach back to 1995. See BTS Air Fare web page for historic data.
First quarter 2010 average fares were up 2.8 percent from the fourth quarter of 2009. Quarter-to-quarter changes may be affected by seasonal factors (Table 2).
Air fares in the first quarter of 2010 declined 5.6 percent since the first quarter of 2001, compared to an overall increase in consumer prices of 23.5 percent during that period (Table 6). In the 15 years from 1995, the first year of BTS records, air fares rose 10.5 percent compared to a 43.7 percent inflation rate. In 1995 dollars, the average air fare in the first quarter of 2010 was $228, compared to $297 in 1995 and $301 in 2000 (Table 1).
See tables below for the following information about the top 100 airports based on 2009 originating passengers. For 2009, Lubbock, TX and Moline, IL were added to the top 100 rankings, replacing Sarasota, FL and Savannah, GA.
Table 3: Five highest and five lowest average fares in the first quarter: Huntsville, AL, had the highest average fare, $500, while Atlantic City, NJ, had the lowest, $188. For the Top 100 Airports, see Table 8 on the BTS website.
Table 4: Five largest increases and five largest decreases from the first quarter of 2009 to the first quarter of 2010: Charleston, SC, had the largest increase, 16.1 percent, and Milwaukee, WI had the largest decrease, 16.6 percent. For the Top 100 Airports, see Table 9 on the BTS website.
Table 5: Five largest increases and five largest decreases from the first quarter of 2001 to the first quarter of 2010: Dallas Love had the largest increase, 31.7 percent, and White Plains, NY, had the largest decrease, 51.9 percent. For the Top 100 Airports, see Table 10 on the BTS website.
See the BTS Air Fare web page for average fares for the top 100 airports. Rankings can also be found on the BTS website. Fares for Alaska, Hawaii and Puerto Rico airports, which are not included in rankings, are available on the web page. Average fares for all airports are also available. Since average fares are based on the Origin and Destination Survey 10 percent ticket sample, averages for airports smaller samples may be less reliable.
Second-quarter 2010 average fare data will be released on Oct. 28.
The Air Travel Price Index (ATPI) for the first quarter of 2010 will be posted on the BTS website on Aug. 4. The ATPI is a separate statistical measure of the level of air fares.