US BTS reports average domestic air fare fell 0.3% in 2019

    US Bureau of Transportation Statistics (BTS) reported (22-Apr-2020) air fares increased to USD357 in 4Q2019, up 2.1% year-on-year, while fares fell to USD346 in 3Q2019, becoming the lowest quarterly fare on record. The average domestic itinerary air fare adjusted for inflation in 2019 was USD355, down 0.3% year-on-year, and the average domestic airfare for 4Q2019 was USD357, down 1.9% compared to 4Q2017. The average domestic fare for 4Q2019 marked an all time low for any fourth quarter, and the 2019 average domestic fare was the lowest inflation adjusted annual fare on record. [more – original PR]