Is the surge in air fares finally coming to a halt?? Visit United StatesThe statistics published in mid-July on price trends on domestic routes seem to confirm this. The Board notes that the average domestic tariff fell by 4.1% in the first quarter of 2023 compared with the fourth quarter of 2022.. This means an average price of 382 $ compared with 398 $ in the 4th quarter of 2022.
Adjusted for inflation (in constant 2023 dollars), the average air fare in the first quarter of 2023 was still 34.7 % higher than in the third quarter of 2020 (283$). This was the lowest average air fare since 1995, the first year these statistics were collected.
Still according to statistics from the transport bureau, the average price was down 8.4 % compared with the fourth quarter of 2019 (417$). It was also 37% lower than the highest adjusted average price for a first quarter. That is, 606$, recorded in 1999.
At a selection of major international airports, the highest average fare on domestic routes is to Washington Dulles at 487.49 $. The federal capital platform is followed by Dallas-Fort Worth (430,12$), New York JFK (424,33$) and San Francisco International (422,84$). On the other hand, three airports had an average fare equal to or lower than the national average. These were Boston (382.11$), Seattle (378.83$) and Miami (368.31$).
In the first quarter of 2023, thehe demand for passengers increased, with US airlines recording 75.4 million departing passengers. This represents an increase of 138.8 % compared with the 31.6 million passengers in the fourth quarter of 2020, at the height of the pandemic.
