BTS 02-16 BTS Statistics Release: 2nd-Quarter 2015 Air Fare Data The average domestic air fare decreased to $385 in the second quarter of 2015, down 2.8 percent from $396 in the second quarter of 2014, adjusted for inflation, the U.S. Department of Transportation’s Bureau of Transportation Statistics (BTS) reported today. BTS reports average fares based on domestic itinerary fares. Itinerary fares consist of round-trip fares, unless the customer does not purchase a return trip. In that case, the one-way fare is included. One-way trips accounted for 34 percent of fares calculated for the second quarter of 2015. 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 fees for optional services, such as baggage fees. Averages do not include frequent-flyer or “zero fares,” or abnormally high reported fares. Constant 2015 dollars are used for inflation adjustment. The release of second-quarter air fare data was delayed from the previously scheduled release date because of the need to resolve data quality issues with airline submissions for the Origin & Destination database. Inflation-Adjusted Air Fares Second-quarter fares rose 17 percent from the recession-affected low of $334 in 2009 to the second quarter of 2011. Since 2011, second-quarter fares have shown little change, decreasing 1.5 percent from 2011 to 2015. The second-quarter 2015 fare was down 18.6 percent from the average fare of $473 in 1999, the highest inflation-adjusted second quarter average fare in the 20 years since BTS began collecting air fare records in 1995. The 18.6 percent decline took place while overall consumer prices rose 43.6 percent. Since 1995, inflation-adjusted fares declined 17.1 percent compared to a 56.5 percent increase in overall consumer prices. U.S. passenger airlines collected 75.7 percent of their total revenue from passenger fares during the second quarter of 2015, down from 1995 when 87.6 percent of airline revenue was received from fares. Quarter-to-Quarter Change In the three-year period from the second quarter of 2012 to the second quarter of 2015, inflation-adjusted fares decreased 3.7 percent. In the two-year period from the second quarter of 2013 to the second quarter of 2015, inflation-adjusted fares decreased 0.3 percent. Unadjusted Air Fares The $385 second-quarter 2015 average fare was equal to the 2012 second-quarter average fare, the second highest average fare for any second quarter since 1995, but down 2.7 percent from the highest second quarter fare, reached in 2014. Since 1995, unadjusted fares rose 29.8 percent. Second-quarter 2015 fares were down 2.8 percent from the third quarter of 2014, which at $396 was the all-time unadjusted high. See BTS Air Fare Release for summary tables and additional data. See BTS Air Fare web page for historical data. ###
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BTS Statistics Release: 2nd-Quarter 2015 Air Fare Data
