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November 2, 2010 - Average domestic air fares rose to $341 in the second quarter of 2010, up 3.8 percent from the average fare of $328 in the first quarter in the fourth consecutive increase from the previous quarter, the U.S. Department of Transportation's Bureau of Transportation Statistics (BTS) reported on Monday.
During those four
quarters, fares increased 13.1 percent after falling to a recent low of
$301 in the second quarter of 2009. 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. |
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Averages do not
include frequent-flyer or "zero fares" or a few abnormally high reported
fares.
Adjusted for
inflation, second-quarter 2010 fares in 1995 dollars were $238, down
21.1 percent from the average fare of $302 in the second quarter of
1999, the inflation-adjusted high for any second-quarter since 1995. BTS
air fare records reach back to 1995. See BTS Air Fare web page for
historic data. Air fares in the second quarter of 2010 increased 0.5 percent since the second quarter of 2000, compared to an overall increase in consumer prices of 26.4 percent during that period. In the 15 years from 1995, the first year of BTS air fare records, air fares rose 14.8 percent compared to a 42.9 percent inflation rate. In 1995 dollars, the average air fare in the second quarter of 2010 was $238, compared to $297 in 1995 and $300 in 2000. |