The airlines and the TSA may be getting a lot of flak these days but it seems from the latest government data that at least airfares are declining in the domestic US air travel market.
Domestic airfares in the US fell by about 3.6 percent (after adjusting for inflation) during the April to June 2013 period, when compared to the same period in 2012, according to the US Department of Transportation’s Bureau Of Transport Statistics.
The average domestic air fare declined to $378 in the second quarter of 2013, down 3.6 percent from the average fare of $392 in the same quarter of 2012, in constant 2013 dollars.
Even if one does not adjust for inflation, the average airfare ($378) in the April-to-June 2013 period was still $7 or about 2 percent lower than the fares during the same period in 2012 ($385).
The drop is even more prominent when compared to airfares during the late 90s. The second-quarter 2013 fare was 18.4 percent lower in constant 2013 dollars than the average fare of $463 in 1999 (the dot-com boom period), which was in fact the highest of any second quarter, after adjustments for inflation.